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3 years ago

How might a recent college graduate's investment portfolio differ from someone who is nearing retirement

2 answers:

8 0

A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest. Building an investment portfolio takes time and effort and a lot of learning during the beginning stages to help have a bigger, better portfolio at retirement time.

borishaifa [10]3 years ago

4 0

Someone who is retiring has more experience on what to invest in than someone who is still getting used to knowing what to invest in

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Chris promises dina $40,000 if she graduates from eagle college. dina enrolls in eagle, attends full-time for four years, and gr

Katen [24]

A verbal contract is generally legally binding, but enforcement requires a significant burden of proof. In this particular instance, there would be exceptional difficulties in compelling Chris to pay.

7 0

4 years ago

What is good about having a credit card? what is bad?

navik [9.2K]

Answer:

Credit cards are neither good nor bad. They are financial tools that must be used with care. Cards can help or hurt your finances if you don't use them responsibly. At the same time, credit cards used properly offer a convenient payment method that can build credit and earn rewards for users.

Explanation:

7 0

3 years ago

On November 1 of the current year, Rob Elliot invested $30,000 of his cash to form a corporation, GGE Enterprises Inc., in excha

andrew-mc [135]

Answer:

1. What is the amount reported for total liabilities and stockholders' equity on December 31?

$56,150 (same as total assets)

2. What is the retained earnings amount reported on December 31?

= total equity - common stock = $37,785 - $30,000 = $7,785

3. How much does GGE Enterprises Inc. owe to its creditors?

accounts payable = $56,150 - $37,785 = $18,365

4. How much cash is being held by GGE Enterprises Inc.?

cash = $56,150 - $8,350 - $15,500 = $32,300

5. By what amount did retained earnings increase or decrease during the period?

$7,785 - $5,000.00 from Nov. = $2,785

6. What is the amount of profit or loss during December?

profit = increase in retained earnings + dividends = $2,785 + $5,750 = $8,535

7. What were the total expenses for December?

total expenses = fees earned - December's profit = $27,250 - $8,535 = $18,715

8. How much was paid for utilities?

$18,715 - $6,450 - $4,625 - $1,220 - $400 = $205

Explanation:

the numbers are all mixed, so I looked for a similar question:

Cash ? = $56,150 - $8,350 - $15,500 = $32,300

Accounts Receivable $8,350.00

Land $15,500.00

Accounts Payable ? = $56,150 - $37,785 = $18,365

Common Stock ? $30,000

Retained Earnings = $37,785 - $30,000 = $7,785 ($5,000.00 from Nov. + $2,785 from Dec.)

Dividends $5,750.00

Fees Earned $27,250.00

Supplies Expense $6,450.00

Utilities Expense ?

Wages Expense $4,625.00

Rent Expense $1,220.00

Miscellaneous Expense $400.00

5 0

3 years ago

Memphis Company's May sales budget calls for sales of $900,000. The store expects to begin May with $50,000 of inventory and to

gtnhenbr [62]

Answer:

Cost of merchandise purchase for May = $500,000

Explanation:

Provided information,

Sales for the month = $900,000

opening inventory = $50,000

Closing inventory = $55,000

Gross margin on sales = 45% of sales

Cost of goods sold = 100 - gross margin = 100 - 45% = 55%

Thus, cost of goods sold = $900,000 $\times$ 55% = $495,000

Therefore, purchase for the month = Cost of goods sold + Closing - Opening

= $495,000 + $55,000 - $50,000 = $500,000

8 0

3 years ago

Explain and give an example of any three of the following: good, service, free good, nuisance good, economic good, economic serv

Lapatulllka [165]

Answer: The answer is as follows:

Explanation:

1. Good : Goods refers to an item or material that can be used by the consumer to satisfy their wants and it is tangible in nature. For example; mobile phone, pen, pencil, etc.

2. Service: Service is intangible in nature. Service is provided by the other person which includes medical services by doctors, travelling services, etc.

3. Free good: A free good is a good that is available at a zero price and a good that is not scarce in quantity. For example; ideas, web page, sunlight, etc.

4 0

4 years ago