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arsen [322]
3 years ago
12

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]3 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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Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $77,980. The company estimated that the machine has a s
ad-work [718]

Answer:

Annual depreciation= $10,160 a year

Explanation:

Giving the following information:

Ivanhoe Company purchased a new machine on October 1, 2017, for $77,980. The company estimated that the machine has a salvage value of $6,860. The machine is expected to be used for 72,900 working hours during its 7-year life.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (77,980 - 6,860)/7= $10,160 a year

6 0
3 years ago
How much can Azco Autosystems, Inc., afford to spend on an energy management system if the software will save the company $21,30
ivann1987 [24]

The amount that that  Azco Autosystems, Inc.,  can afford to spend on an energy management system is $80,744.

<h3>Present value</h3>

Using this formula

Present Value = A(P/A, 10%, 5)

Where:

A=$21,300

(P/A, 10%, 5)=3.79079

Let plug in the formula

Present Value = 21,300 (P/A, 10%,5)

Present Value = 21,300 (3.79079)

Present Value =80,743.8

Present Value = $80,744 (Approximately)

Inconclusion the amount that that  Azco Autosystems, Inc.,  can afford to spend on an energy management system is $80,744.

Learn more about present value here:brainly.com/question/15904086

4 0
2 years ago
When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the bu
MariettaO [177]

When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the business. This practice is known as bootstrapping.

<h3>What is bootstrapping?</h3>

Bootstrapping is a word used in business to describe the process of starting and growing a firm utilizing solely available resources, such as personal funds, personal computing equipment, and garage space.

Learn more about bootstrapping here:

brainly.com/question/14097941

#SPJ4

5 0
1 year ago
A company sells electronics and with a warranty attached and estimates that they will experience an estimated 5% of sales for wa
eimsori [14]

Answer:

b. debit warranty expense $10,000; credit estimated warranty liability $10,000

Explanation:

The journal entry to record the estimated warranty expense is shown below:

Warranty Expense  Dr $10,000  ($200,000 × 5%)

       To Estimated Warranty Liability $10,000

(being the warranty expense is recorded)

Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability

Therefore the option b is correct

7 0
3 years ago
How did the long sunday holiday contribute to the collapse? check all of the boxes that apply. stockbrokers who still had profit
Diano4ka-milaya [45]
Stockbrokers who still had profits on their books were afraid that their profits would disappear.

Stockbrokers who had losses were afraid that those losses might get larger.

Investors decided to get out of the market. 

3 0
3 years ago
Read 2 more answers
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