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fredd [130]
3 years ago
5

Keith has won the lottery and now has more money than he ever dreamed of having. this incident will likely affect keith's develo

pment and is an example of a:
Business
1 answer:
Alexxandr [17]3 years ago
8 0
<span>This is an example of "Non-normative life event".


Non-normative life events refers to those events that happen surprisingly, for example, catastrophic events, loss of a relative and war or winning a lottery which is unexpected. Indeed, even in cases that passing or sickness, in particular ages, are factually viewed as regularizing, they are really non-regulating. They are as yet startling and undesired occasions, related with serious impacts. Non-normative events might be included both negative and positive occasions, for example, passing of a darling individual or winning in a lottery. Be that as it may, in the two cases, they are unexpected and slightly related to chronological age.</span>
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You are assigned to be the team leader of a group project at your company. You call a meeting with your team but allow everyone
Makovka662 [10]
Someone who nourishes and evokes the best qualities in people
6 0
3 years ago
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 16,000, $7 par, common sha
Otrada [13]

Answer:

See the answers and explanation below.

Explanation:

a. the necessary journal entries assuming a small (10%) stock dividend

<u>Date       Details                                                           Dr ($)            Cr ($)</u>

Sept. 1    Stock Dividends (16,000 * 36 * 10%)               57,600

              Common Stock (16,000 * 7 *10%)                                      11,200

              Additional Paid-in Capital - Common Stock                    46.400

<u><em>               To record a small (10%) stock dividend on common stock.    .</em></u>

b. the necessary journal entries assuming a large (100%) stock dividend

<u>Date       Details                                                          Dr ($)            Cr ($)</u>

Sept. 1    Stock Dividends (16,000 * 7 * 100%)              112,000

              Common Stock (16,000 * 7 *10%)                                      112,000

<u><em>               To record a large (100%) stock dividend on common stock.   .</em></u>

c. the necessary journal entries assuming a 2-for-1 stock split.

"No journal entry required"

Note: Although no journal entry is required here but the number of common stock will increase to 32,000 (i.e. 16,000 * 2 = 32.00).

6 0
4 years ago
You are planning to retire 40 years from now. If your retirement account pays an annual rate of 6% compounded monthly and you st
fredd [130]

Answer:

  $800,579.28

Explanation:

The sum of the monthly payments can be found by the "annuity due" formula:

  A = P(1 +n/r)((1 +r/n)^(nt)-1)

where P is the monthly deposit, r is the annual interest rate, n is the number of times per year it is compounded, and t is the number of years.

For this problem, we have ...

  A = $400(1 +12/.06)(1(1 +.06/12)^(12·40)-1) = $400(201)(1 -1.005^480 -1)

  A = $800,579.28

The account balance after 40 years will be $800,579.28.

4 0
3 years ago
Which of the following is interest meant to do?
schepotkina [342]

Answer;

bring profit the lender

Explanation;

-Interest is the charge for the privilege of borrowing money, typically expressed as annual percentage rate. To the borrower it is the cost of renting money, to the lender the income from lending it.

-The rate of interest is usually expressed as an annual percentage of the principal, and is influenced by the money supply, fiscal policy, amount being borrowed, creditworthiness of the borrower, and rate of inflation.  

-Interests influence the cost of borrowing, the return on savings, and are an important component of the total return of many investments.



5 0
3 years ago
Read 2 more answers
Suppose that, for every 1-percentage-point decline of the discount rate, commercial banks collectively borrow an additional $2 b
almond37 [142]

Explanation:

Decline by $0.5 billion and the money supply will decline by $2.5 billion.

4 0
3 years ago
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