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3 years ago

Which one of the following would probably benefit the most from personal financial planning services?

2 answers:

4 0

The answer is B)<span> Older persons nearing retirement and needing to know what their income will most likely be during retirement

Option D, would be wrong since without the means to have a financial planning assistant would not really be able to achieve much aside from probably saving some more money.

However, older people who are nearing retirement are probably at the top of their careers and have a lot of savings in cash, bongs, stocks and maybe even property.

It is these kinds of people who can get maximum benefit from proper financial planning.
</span>

KIM [24]3 years ago

3 0

Answer:

The answer is D

Explanation:

People of modest means who are least able to afford financial planning services, because they need to learn to manage their money to become financially secure which they are not if they are of modest means.

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For both unearned revenues and prepaid expenses, the cash payment occurs __________ the adjusting entry to record the earning of

alex41 [277]

Answer:

The correct answer that fills the gap is <em>d. before.</em>

Explanation:

Everything that happens in the business must be registered in the accounting system, so that the newspaper and the major contain a complete history of all the commercial operations of the period. If an operation or transaction has not been registered, account balances will not show the correct figure at the end of the accounting period.

The seats with which the accounts are adjusted or updated are called adjustment seats. If the adjustment does not affect an income or expense account, it is not an adjustment entry.

The income can be earned (accrued) before the cash is received from the client, or from accounting for the transaction in the accounting records. These are revenues that have been earned but the corresponding cash has not yet been collected.

The adjustments made to the income accounts are necessary to ensure that all income earned in the period has been recorded in the accounting. In order for the net profit to be expressed correctly in the income statement. There are two types of income adjustment:

Cumulative income not collected.
Customer advances.

5 0

3 years ago

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $3

Slav-nsk [51]

Answer:

a. $2.4

b. $10,000 under-applied

c. Cost of goods sold A/c Dr $10,000

To Manufacturing overhead $10,000

Explanation:

a. The computation of the manufacturing overhead rate is shown below:

Manufacturing overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $300,000 ÷ 125,000 hours

= $2.4

(B) Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 130,000 hours × $2.4

= $312,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $322,000 - $312,000

= $10,000 under-applied

c. The adjusting entry is shown below:

Cost of goods sold A/c Dr $10,000

To Manufacturing overhead $10,000

(Being the under-applied overhead is adjusted)

5 0

3 years ago

Opinion polling and market research are examples of stratified random sampling.

julia-pushkina [17]

Uhhh oh ok I pick false

3 0

3 years ago

A lot of designer clothing companies will send free clothes to celebrities with hopes that the celebrities will wear their cloth

Kazeer [188]

Answer:

Celebrity endorsement.

Explanation:

The complete question is...

A lot of designer clothing companies will send free clothes to celebrities with hopes that the celebrities will wear their clothing in public and attract more customers to the brand. what mode of end? What mode of endorsement are these clothing companies trying to achieve?

Celebrity endorsement uses a celebrity's fame or social status to promote a product, brand or service. It is mostly associated with the fashion and beauty brands, and the goal is that the positive image of the celebrity be reflected onto the product or the brand. Celebrity endorsement has been used by some brands to promote their businesses into a multi-billion dollar company, and is also very lucrative for the celebrity, whose contract deals can run into hundreds of millions of dollars.

8 0

4 years ago

On January 2, 2018, the first year of operations, Brunswick Corp., issued 15,000 shares of $10 par value common stock for $15 pe

hichkok12 [17]

Answer:

Paid in capital treasury stock = $1,600

Explanation:

Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.

Given,

Reacquired treasury stock = 2000 shares

As the shares were reacquired for $20,

Reacquired total treasury stock = 2,000 shares × $20 = $40,000

Reissued number of shares = 800

Market price of those treasury stock is $22 per share.

Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares

Paid in capital - treasury stock = $1,600

6 0

3 years ago