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2 years ago

Kevin meets with a young man who wants to start saving for his son’s college education. What is Kevin’s profession?

Business

2 answers:

Mashcka [7]2 years ago

6 0

Kevin's profession is most likely a financial manager.

Nastasia [14]2 years ago

4 0

Answer:

financial manager

Explanation:

A financial manager can help the young man to plan his investments and improve their returns. Financial managers analyze markets for business and investment opportunities. The young man needs to save money to pay for his son's college education, and the financial manager can work with him so that his savings will be safely invested and will earn the highest possible returns.

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At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte

BabaBlast [244]

Answer:

The amount of warranty expense on Angel's 2018 income statement is $11.58 million.

Explanation:

Income statement : The income statement is that statement which represents the income for the particular year.

The income is calculated by subtracting all types of costs from sales revenue.

The motive behind the preparation of income statement is to examine the company profitability, financial performance, etc.

The amount of warranty expense on Angel's 2018 income statement is calculated below

= Net sales × cost of warranty program

= $193 million × 6%

= $11.58 million

The other cost like repairing cost or replacement cost is not considered while calculating the warranty expense

Hence, the amount of warranty expense on Angel's 2018 income statement is $11.58 million.

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2 years ago

Modern iq tests have a mean of ____ and a standard deviation of ____.

matrenka [14]

Modern iq tests have a mean of 100 and a standard deviation of 15.

Hope this helped. Have a good day! :D

7 0

2 years ago

Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You will finance the remainder w

postnew [5]

Answer:

$819.98

Explanation:

After making downpayment, the remaining amount is $145,000 - 15000 = $130,000

Using financial calculator:

PV = 130,000

n = 30 years = 360 months

i/r = 6.5%/year = 0.54% / month

FV = 0

PMT = ? (Monthly payment = ?)

--> Monthly payment = $819.98

5 0

3 years ago

Conditions of confinement lawsuits often allege what?

sergeinik [125]

They allege that officials have deprived inmates of their constitutional rights

8 0

2 years ago

Sooner Machinery Company purchased a delivery truck at a cost of $56,000 on March 10, 2018. The truck has a useful life of six y

Fofino [41]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $56,000

Useful life= 6 yearsd

Salvage value= $5,000

a. To calculate the annual depreciation, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (56,000 - 5,000) / 6= $8,500

Year 1:

Annual depreciation= (8,500/12)*10= $7,083.33

Year 2:

Annual depreciation= $8,500

b. To calculate the annual depreciation, we need to use the following formula:

Annual depreciation= 1.5*[(book value)/estimated life (years)]

Year 1:

Annual depreciation= [(1.5*8,500)/12]*10= $10,625

Year 2:

Annual depreciation= [(51,000 - 10,625)/6]*1.5

Annual depreciation= $10,093.75

4 0

2 years ago