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3 years ago

When might be the best time to start saving for retirement?

Business

2 answers:

Delvig [45]3 years ago

7 0

It would be d bc it not everyone does all of the things they are saying

AVprozaik [17]3 years ago

4 0

The answer is: C. at the earliest possible date.

People have different situations, income level, and expenditures. So, it is extremely hard to put an exact criteria to start saving for retirement.

You need to start to save for retirement as soon as you achieve economic stability no matter when it is. As a general guideline, economic experts categorized you as financially stable if you can save up 20% of your income after paying all of your expenses.

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Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c

elena-s [515]

Answer: $200,000

Explanation:

The cost will be allocated to customer Y, if a cause-effect relationship cannot be established with any cost driver will be calculated thus:

Total sales = $600,000 + $400,000 + $200,000 = $1,200,000

The percentage of Y on total sales will be:

= $400,000/$1,200,000 × 100

= 1/3 × 100

= 33.33%

Therefore, the cost that's allocated to Y will then be:

= $600,000 × 33.33%

= $600,000 × 0.3333

= $200,000

Therefore, the correct answer is $200,000

8 0

3 years ago

Variable production costs Plastic for casing $ 171,500 Wages of assembly workers 490,000 Drum stands 215,600 Variable selling co

Leviafan [203]

Answer:

Part 1.

Contribution margin income statement for the year.

Sales (4,900 x 340) 1,666,000

<u>Less Variable Costs </u>

Plastic for casing 171,500

Wages of assembly workers 490,000

Drum stands 215,600

Sales commissions 161,700 (1,038,800)

Contribution 627,200

<u>Less Fixed Costs</u>

Taxes on factory 6,000

Factory maintenance 12,000

Factory machinery depreciation 72,000

Lease of equipment for sales staff 12,000

Accounting staff salaries 62,000

Administrative management salaries 142,000 (306,000)

Net Income 321,200

Part 2.

Contribution margin per unit = $627,200 / 4,900 = $128.00

Contribution margin ratio = $627,200/ $1,666,000 = 37.65 %

Explanation:

The Contribution Margin Income Statement calculates separately the contribution and net income as shown above.

4 0

3 years ago

on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr

Juli2301 [7.4K]

Answer:

Explanation:

Nada babosa gracias

6 0

3 years ago

Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance fo

AveGali [126]

Answer:

$1,345

Explanation:

Calculation to determine what Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is

First step is to calculate the Expense amount

Expense=Credit sales $315,000* .5%

Expense=$1,575

Second step is to calculate the Allowance

Allowance 12/31/2020 $1,650

Less Write-offs(1,880)

Allowance ($ 230)debit

Now let calculate the final balance in its allowance for uncollectible accounts

December 31, 2021 allowance for uncollectible accounts= ($230) + $1,575

December 31, 2021 allowance for uncollectible accounts=$1,345

Therefore Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is $1,345

7 0

3 years ago

Pricing Strategy, Sales Variances Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc.,

deff fn [24]

Answer:

Check the explanation

Explanation:

Sales price variance = (Actual price - Budgeted price) * Actual units sold

Product R : ($25 - $26) * 123000 = $123000 unfavorable

Product S:($20 - $22) * 162700 = $325400 unfavorable

Product T: ($10 - $20) * 54000 = $540000 unfavorable

Sales volume variance = (Actual units - Budgeted units) * Standard price

Product R : (120000 - 123000) * 26 = $78000 favorable

Product S:(150000 - 162700) * 22 = $279400 favorable

Product T: (20000 - 54000) * 20 = $680000 favorable

Notes:

Actual units:

Product R = $3075000/ $25 = 123000

Product S = $3254000/$20 = 162700

Product T = $540000/$10 = 54000 units

6 0

3 years ago