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Anit [1.1K]
3 years ago
13

Identify two new pieces of financial information that you learned about this week that will help you make informed financial dec

isions about your future and eventual retirement
Business
1 answer:
avanturin [10]3 years ago
3 0
I have actually been looking into 401(k) and other retirements funds in the past few months. I do know that I need to work for another good 30 plus years, and have a significant salary that I need to contribute towards my Social Security fund. this is what is going to help me survive once I reach retirement age.
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Land originally purchased for $28,390 is sold for $74,057 in cash. What is the effect of the sale on the accounting equation
Elodia [21]

There is no effect on the accounting equation.

<h3>What is accounting equation?</h3>

Accounting equation is the one which states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.

Assets = owner's equity + liability

The above means that land is not depreciated, therefore assets decrease (-land) but also increase (+cash).

The elements of accounting equation are :

  • Assets
  • Liabilities
  • Shareholders' equity.

Learn more about account equation here: brainly.com/question/24401217

8 0
2 years ago
What does deficit spending require a government to do?
Kruka [31]

Answer:

c. TAKE ON DEBT

Explanation:

5 0
3 years ago
Read 2 more answers
The president of the Micro Brewing Corporation asks you, as the company economist, to forecast changes in consumer beer purchase
umka21 [38]

Answer:

It is more profitable to raise the selling price by $2.

Explanation:

To determine whether the company should raise the selling price, we need to determine the effect on income. <u>The best option is the one with the higher sales revenue.</u>

Sales revenue= selling price * number of units

<u>Current:</u>

Sales revenue= 5.5*2,200= $12,100

<u>Proposal:</u>

Sales revenue= 7.5*1,800= $13,500

It is more profitable to raise the selling price by $2.

7 0
3 years ago
Smith &amp; Jones, Accountants, agrees to perform an audit for Brick &amp; Mortar Stores, Inc.
makvit [3.9K]

Answer:

a. want to avoid potential disputes.

Explanation:

The auditors are liable to report all the acts of the company, whether are in confirmation of law or not. This is because it is their duty to put a review on the balance sheet, and provide the users of such balance sheet the trust on the information presented.

Even if the agreement do not provide for complete details making it a valid contract this is sure that they need to act properly so that any moral dispute do not occur and that, all the work is done according to the responsibilities.

3 0
3 years ago
James has a marginal tax rate of 24%. He suddenly realizes that he neglected to include a $7,000 tax deduction. How will this ov
Alex17521 [72]

Answer:

hmhgdmthde

Explanation:

7 0
3 years ago
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