F an employer does not offer a retirement plan, what might be another way to save for retirement?

Kylie has been practicing repeating phrases such as, "I know I don’t wear the latest fashions, but I am comfortable. Surely othe

Alex787 [66]

Answer: Self-affirmations

Explanation:

Here, in this particular case Kylie has been using affirmations that act as the positive statements in order to help her overthrow the self-hindering, sabotaging ,disrupting negative thoughts and ideas. For an individual to use these affirmations, they should first examine the thoughts and attitudes that they would like to change.

7 0

4 years ago

EBook

attashe74 [19]

Answer:

McDade Company

Comparative Income Statement

For the Years Ended December 31, 2012 and 2011

2012 2011 Change %

Sales $16,800,000 $15,000,000 $1,800,000 12%

COGS ($11,500,000) ($10,000,000) $1,500,000 15%

Gross profit $5,300,000 $5,000,000 $300,000 6%

Selling expenses ($1,770,000) ($1,500,000) $270,000 18%

Adm. expenses ($1,220,000) ($1,000,000) $220,000 22%

Operating exp. ($2,990,000) ($2,500,000) $490,000 19.6%

Operating income $2,310,000 $2,500,000 ($190,000) -7.6%

Other revenue $256,950 $225,000 $31,950 14.2%

EBT $2,566,950 $2,725,000 ($158,050) -5.8%

Income taxes ($1,413,000) ($1,500,000) ($87,000) -5.8%

Net income $1,153,950 $1,225,000 ($71,050) -5.8%

6 0

3 years ago

On January 1, 2005, Jambon purchased equipment for use in developing a new product. Jambon uses the straight-line depreciation m

notsponge [240]

Answer:

A. The total cost of the equipment.

Explanation:

Even if Jambon has not used the equipment in 2005 because it can only be used for the product that is to be developed in five years, Jambon still had to pay for the full cost of the equipment.

Because the equipment is laying idle, it is not depreciating. Therefore, the expense that Jambon is not incurring, is the depreciation expense associated with this equipment. This depreciation expense will only be seen in five years, when the product it was bought for is finally completed.

8 0

3 years ago

Merchandise was returned to a supplier. The goods were previously purchased on account. The goods had not been paid for and ther

irina [24]

Answer:

Debit Accounts Payable, and Credit Purchase Returns and Allowances

Explanation:

The adjusting entry is shown below:

Account Payable A/c Dr

To Purchase Returns and Allowances

(Being return of goods is recorded)

Since the goods are purchased on credit, and due to some issues the goods are returned So, the account payable account should be debited and the purchase return and allowances should be credited.

5 0

3 years ago

You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound

Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$