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3 years ago

3. In which decade should you be saving for retirement?

1 answer:

5 0

Whatever your age, you can make it happen. Even those who start to save into a company pension at the age of 22 have less than an even chance of achieving an income equivalent to two-thirds of salary from their private and state pensions combined, according to the Pensions Policy Institute think-tank.

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GROCERY STORE PROBLEM: A local grocery store faces demand for one of its items at a constant rate of 20,000 boxes per year. It c

harkovskaia [24]

Answer: 240

Explanation:

The following information can be gotten from the question:

Annual demand (D)= 20000

Daily demand (d) = 20000 / 250 = 80

Ordering cost (S) = 5

Holding cost (H) = 0.5

Lead time (L)= 3 days

The demand during lead time would be gotten by multiplying the daily demand by the lead time. This would be:

= 3 × 80

= 240

3 0

3 years ago

On December 1, Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Co

Lera25 [3.4K]

Answer:

Interest expense $80

Explanation:

the journal entry to record the issuance of the note:

December 1, 202x, note issued in replacement of account payable

Dr Accounts payable 24,000

Cr Notes payable 24,000

the journal entry to record accrued interests payable is:

December 31, 202x, accrued interests payable

Dr Interest expense 80

Cr Interests payable 80

Interest expense = $24,000 x 4% x 1/12 = $80

8 0

3 years ago

A form of market manipulation that attempts to keep the price of the stock from falling is called?

shutvik [7]

A form of market manipulation that attempts to keep the price of the stock from falling is called support.

Market manipulation is a type of marketplace abuse wherein there may be a planned try to intervene with the free and honest operation of the marketplace; the most blatant of instances contain developing false or misleading appearances with appreciate to the rate of, or marketplace for, a product, security or commodity.

Market manipulation is when someone artificially influences the delivery or demand security (for instance, causing inventory charges to rise or to fall dramatically).

Market manipulation schemes use social media, telemarketing, high-speed trading, and other processes to intentionally force a stock fee dramatically up or down. The manipulators then make the most of the price motion.

Learn more about market manipulation here brainly.com/question/14333228

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7 0

2 years ago

if a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, this would be an

Dimas [21]

If a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, This would be an example of differences in cultural forces. It is an example of differences in cultural customs because it includes customs, lifestyles and values that characterize a society that are different.

5 0

3 years ago

(Lessee-Lessor Entries, Sales-Type Lease; Guaranteed Residual Value) Phelps Company leases a building to Walsh, Inc. on January

Artist 52 [7]

Solution and Explanation:

Calculation of Minimum lease annual payments from (MLP)

Year MLP from lessor Present value Present valur of

point of view factor 8% cash flows

1 $4,703 $1 /(1.08)=0925$ $4,350.28

2 $4,703 $1 /(1.08)^{\wedge} 2=0.857$ $4,030.47

3 $4,703 $1 /(1.08)^{\wedge} 3=0.793$ $3,729.48

4 $4,703 $1 /(1.08)^{\wedge} 4=0.735$ $3,456.71

5 $4,703 $1 /(1.08)^{\wedge} 5=0.680$ $3,198.04

Total of Minimum

lease Payments $23,515 $ 18,764.97

Add

Unguaranteed

residual value(ugrv) 4000 $1 /(1.08)^{\wedge 5}=0.680$ $2,720.00

Asset to be recorded

in the books of lessor

(sum of mlp +ugrv) $27,515 $ 21,484.97

Here

Gross Investment=$27515

Lease receivable recorded in in the books of lessor(Phelps)(Mimum lease payments + Unguaranteed residual )value = $21484 $21,484

Walsh (lessee) shoiuld be recorded the amount of present value of minimum lease payments + Guaranteed Residual value=$18764.97 as asset and liabilty

b) In the books of phelps (lessor)

2017.01.01 Lease Recievble from walsh ….Dr $21,484

to Asset $21,484

(Being Lease receivable recorded )

In the books of Walsh (lessee)

2017.01.01 Asset ac ……………Dr $18,764

to Lease Liabilty(Lessor) $18,764

(Being the asset and liabilty recorded )

2017.12.31 Depreciation ……Dr 3752

to Asset 3752

(Beint Depreciation recorded charged during the year recorded 18764/5 provided for 5 years)

Here annual payment started from the at the beginning of year i.e annual lease payments start from 01.01.2018.

c) If expected residual value of $4000 is guaranteed by walsh no changes will be made in classification of lease and there is no chages in asset recorded in Lessor books. But changes will be made in the books of lessee as present value of guaranteed residual value should be added to asset I.e $18764+Present vlue of $4000 $18764+2720=21484

d) If expected residual value of $3000 is guaranteed by walsh no changes will be made in classification of lease and there is no chages in asset recorded in Lessor books But changes will be made in the books of lessee as present value of guaranteed residual value should be added to asset I.e $18764+Present vlue of $3000 $18764+$2040=$20804

5 0

3 years ago