Roth IRA as it is tax free, and a 401k retirement plan. those would be the best two options for someone of that age.
Answer: Indirect competition.
Explanation:
The new gourmet store that opened close to my existing business would perform the function of indirect competition, and would actively drag customers with my restaurant business. An indirect competition is a form of business competition in which similar products can be used to meet a need by consumers.
Answer:
In the context of managerial roles, Glenn illustrates the role of;
B) The resource allocator role
Explanation:
Managerial roles are specific traits that are required to complete a managerial effectively. Managers have to adopt some of these roles depending on the task at hand. The managerial task can involve; strategizing, planning, organizing, controlling and leading. In every role, there is also the aspect of decision making. Mangers have to make decisions at one point or the other. Decision making is the act of choosing from set of alternatives which involves the identification of a problem and the formulation of alternative solutions. The manager then needs to make a decision by taking the best solution among the alternatives. There are various managerial roles that managers use, however we will consider the resource allocator role as shown below;
Resource allocator role
This roles comprises the decision on designation of company resources like financial, human and organizational resources. In the case of Glenn he utilizes the resource allocator role to designate the number of human resources needed on each floor. For example he determines the number of employees on the floor among the men's, women's, and kids' sections of the store.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
Accumulated Depreciation - Equipment A/c $12,494
To Equipment A/c $40,606
To Gain on Disposal of Equipment $1,888
(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)
The computation is shown below:
= $30,000 + $12,494 - $40,606
= $1,888
Answer:
Crimson Tide Corporation
Accounts Titles Debit Credit
1. Dividends $800
Cash $800
To record payment of dividends.
2. Accounts Receivable $3,400
Service Revenue $3,400
To record provision of services on account.
3. correct
4. Cash $400
Accounts Receivable $400
To record the receipt of cash on account.
5. Accounts Payable $1,200
Cash $1,200
To record payment on account.
Explanation:
The correct entries have been provided as above. The first step in recording transactions in the journal is to recognize the accounts involved. Then, identify which account is to be debited and which is to be credited, following basic accounting principle and based on the accounting equation of Assets = Liabilities + Equity.
