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3 years ago

Instructions:Type the correct answer in the box. Spell all words correctly.

Business

2 answers:

sergey [27]3 years ago

7 0

You can reach your milestones or enjoy a peaceful retirement through saving.

If you save funds while you are young and working, you are more likely to be able to afford more through retirement. When you reach your milestone savings goals, the money you have been able to save can go towards the items you want when income is not coming in consistently anymore.

Allushta [10]3 years ago

3 0

The answer is Saving

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Your company rents computers to local businesses and schools. You have 3,000 computers with a book value of $177,500. As a resul

pantera1 [17]

Answer:

The answer is $61,000

Explanation:

An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).

The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.

Impairment Loss = Book Value – Market Value

Impairment Loss = $177,500 - $116,500

Impairment loss is $61,000

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3 years ago

A vendor offers to provide a $500 payment to a teacher for going “above and beyond” their normal duties and assisting the vendor

elena55 [62]

Most likely not but its a nice thing to do.

4 0

3 years ago

You have just retired with savings of $2 million. If you expect to live for 57 years and to earn 7% a year on your savings, how

galben [10]

Answer:

Annual withdraw= $143,023.66

Explanation:

Giving the following information:

Present value (PV)= $2,000,000

Number of periods (n)= 57

Interest rate (i)= 7% a year

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (2,000,000*0.07) / [1 - (1.07^-57)]

Annual withdraw= $143,023.66

6 0

3 years ago

Including scholarships and financial aid, Alex has $32,000 to spend on college. If the total cost of his college education is __

Paraphin [41]

If the total cost of his college education is 30,000, he will have enough resources to pay.

7 0

3 years ago

Read 2 more answers

Mills Corporation acquired as an investment $260 million of 6% bonds, dated July 1, on July 1, 2021. Company management is holdi

aleksandrvk [35]

Answer:

Dr Investment in Bonds 260

Dr Premium on Investment in Bonds 40

Cr Cash $300

Dr Cash$7.8

Cr Premium on Investment in Bonds $1.8

Cr Interest Revenue $6

Dr Investment in bonds $260

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds -$1.8

Cr Carrying Value $298.2

Dr Cash $314

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds amortized -$1.8

Dr Investment in bonds $260

Cr Gain due to investment sale $15.8

( $260+$40-1.8)-314

Explanation:

Mills Corporation Journal Entry ( $ million)

Dr Investment in Bonds 260

Dr Premium on Investment in Bonds 40

(300 -260)

Cr Cash $300

Dr Cash

($260 million X 6% / 2) $7.8

Cr Premium on Investment in Bonds $1.8

Cr Interest Revenue

($300 million X 4% / 2) $6

Dr Investment in bonds $260

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds -$1.8

Cr Carrying Value $298.2

($260+$40-$1.8

Dr Cash $314

Dr Premium on Investment in Bonds $40

Dr Premium on investment in Bonds amortized -$1.8

Dr Investment in bonds $260

Cr Gain due to investment sale $15.8

( $260+$40-1.8)-314

8 0

3 years ago