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2 years ago

If you work your entire life, then you will be adequately prepared for retirement, even without a retirement plan in place.

Business

1 answer:

bija089 [108]2 years ago

6 0

Answer:

all are False

Explanation:

1. Working in the US does nothing to ensure you will have an adequate retirement benefit. Social security may provide a little income, but usually won't pay the rent.

2. 403(b) plans may be offered by some tax-exempt organizations--not by corporations. Corporations may offer a 401(k) plan.

3. IRA stands for "Individual Retirement Account."

4. It is a good idea to invest in a retirement account at a young age so you can take advantage of interest compounding. Using the money for anything other than retirement is not recommended.

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3 years ago

Aaliyah bought 23 chicken wings for $39.10. If Aaliyah spent $32.30, how many chicken wings did she buy?

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2 years ago

"Competition is always going to be fierce in business. The modern business now has many technology tools that can assist with fi

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Nowadays, many industries use data analysis to obtain good results and in this way determine what action plan should be implemented.

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3 years ago

Write 5 objective sentences that you think will help you get the job.

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I would be great for this job because, I work well with others and believe in making compromises and working together!

I'm very hands on with most things, I catch on quickly and am willing to do anything it takes to achieve the higher goal.

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2 years ago

On December 31, 2015, Sarasota Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Sara

Liono4ka [1.6K]

The appropriate journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

<h3>Journal entries</h3>

(a) December 31, 2015

Debit Notes receivable $129,859.2

($160,000 x 0.81162)

Credit Service revenue $129,859.2

(PV of $160,000 due in 2 years at 11%)

(b) December 31, 2016

Debit Notes receivable $14,284.5

($129,859.2 x 11%)

Credit Interest revenue $14,284.5

Debit Discount on notes receivable $44,425

[$160,000 - ( $129,859.2- $14,284.5)]

Credit Interest revenue $44,425

Debit Cash $160,000

Credit Notes receivable $160,000

Inconclusion the journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

Learn more about journal entry here:brainly.com/question/14279491

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2 years ago