Answer:
Explanation:
Cablevision can easily accomplish this by doing the following. First gather the number of sales of premium services and other products that non-trained individuals are accomplishing in a given time period (example, one month). Next, under the same conditions place the newly trained individuals and gather the same data from them (number of sales/subscribers gained, premium products, and other products). Finally, they would simply need to compare the difference in the number of sales to see if the training paid off. They would also need to calculate if the difference in sales surpasses the costs of training.
Because the future value of annual premiums deposited in a mutual fund is 755 (F/A, 9%, 45) = $397,023.34, Then, the friend is correct since the mutual fund is roughly three times the sum under the Insurance policy.
<h3>Was Liam's
suggestion correct?</h3>
Generally, Premium payment is mathematically given as
X=60-20
X=45years
Where future value is
755 (F/A, 9%, 45)
In conclusion
755 (F/A, 9%, 45) = 755 * 525.8587
755 (F/A, 9%, 45) = $397,023.34
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Complete Question
Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The quoted annual premium for Liam is $8.39 per thousand dollars of insurance coverage Because Liam wants a $90,000 policy (which is 2.5 times his annual salary), the annual premium would be $755, with the first payment due immediately (i.e., at age 21). A friend of Liam's suggests that the $755 annual premium should be deposited in a good mutual fund rather than in the insurance policy. "If the mutual fund earns 9% per year, you can become a millionaire by the time you retire at age 65," the friend advises.
Answer:
Vendors & Purchases → Enter Bills → New Bill
Explanation:
To record the part cash and part credit entry in Sage 50, we will use the following series.
Vendors & Purchases → Enter Bills → New Bill
To record the purchase transaction we need to enter the transaction in the vendors and purchase option and then we need to create separate bills for our part cash payment and part credit payment separately.
Answer:
A. This is a change in accounting principles
B.
Dr Common stock 6
Dr Paid-in capital—excess of par 24
Dr Retained earnings 5
Cr Treasury stock 35
Explanation:
A. This is a change in accounting principle
B. Entry to reclassify treasury shares as retired shares.
General Journal
Dr Common stock 6
Dr Paid-in capital—excess of par 24
Dr Retained earnings 5
Cr Treasury stock 35
Common stock ($1 par × 6million shares retired) $6 million.
Paid-in capital—excess of par
$900 million ÷ 225 million shares = $4
$4 × 6million shares retired = $24 million.
Answer:
Under classified balance sheet, common stock and retained earnings are reported separately
Explanation:
Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.
The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.
