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3 years ago

What is a source of financial vulnerability for people in late adulthood?

1 answer:

5 0

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Below are the choices that can be found elsewhere:

a)   Gambling
   b)   Reliance on fixed income
   c)   Poor investments
<span>   d)   Cost of living
</span>
The answer is B which is Reliance on fixed income

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Crimson Corp. was organized as a calendar-year corporation in January, Year 1, incurring $51,000 in qualified organizational exp

Lelechka [254]

Answer:

Total deductible organization expenses is $ 6,611

Explanation:

Upto $ 5000 in qualifying organization expenses are deductible in the year they are incurred , with the amount reduced by the amount by which total organizational expenses exceed $50,000. With a total of $51,000 Crimson corp could deduct $ 4000 .

In addition , the remaining $ 47,000 is amortized over 15 years or 180 months , begining in the period in which the entity commences operations. Since crimson began operaions in March 2016 , amortization would be for 10 months ( march 2016 - december 2016 )

Amoritzation for march 2016 to december 2016 = 10 / 180 * $47,000

= $2611

Total deductible organization expenses = $4,000 + $ 2,611

= $ 6,611

3 0

3 years ago

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in

k0ka [10]

Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

(8,650-346)

8 0

3 years ago

Describe in your own word the three types of leadership.

Nat2105 [25]

Answer:

it's a u're welcome

Explanation:

u're welcome ♥️hope you enjoyed

6 0

3 years ago

Read 2 more answers

It is the beginning of the football season for the local college team. Martha redecorates the Coffee Collective with a theme tha

Mamont248 [21]

Answer:

Brand association

Explanation:

Brand equity refers to the value that a product receives from associating with a renowned brand. Brand association is one of the components of brand equity. Brand association refers to those images or symbols that customers identify with a brand.

Organizations try to instill positive image in the minds of customers through brand association. Here, Martha redecorates coffee collective with pictures of players and coaches as way to promote the team as audience will be be able to connect with the team through the images.

5 0

3 years ago

TJX's handling of its serious data breach is consistent with which one of the following?a) Stakeholder theoryb) Stockholder theo

klemol [59]

Answer:

Stockholder theory

Explanation:

Stockholder theory

This theory was introduced in 1960's by Milton Friedman ,

According to this theory , The managers of the corporation have a duty to maximize the returns of the shareholder .

Therefore , due to the cyclic nature of the business hierarchy , the corporation is mainly responsible to its stockholders .

6 0

3 years ago