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Fudgin [204]
3 years ago
7

In the life cycle theory of consumption, the motive to save is:A.To be able to open a business.B.To become wealthy.C.To leave a

large endowment for one's children.D.To build a family dynasty.E.To afford to retire.
Business
1 answer:
DanielleElmas [232]3 years ago
4 0

Answer: To afford to retire

                       

Explanation: The life cycle theory was established by Modigliani in 1957. This theory states that a rational individual manages its expenses with the motive of saving sufficient amount till his or her retirement.

As per this theory, the individual consumes almost same amount of income which leads to the situation of borrowing in times of low income and savings in times of high income.

However the minor differences leads to savings high than borrowings in times of low income the individual significant lowers his or her capital expenditure.

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What is a reasonable estimate for the volume of a number cube:
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Answer:

cjcdk

Explanation:

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3 years ago
A company uses the weighted average method for inventory costing. At the start of a period the production department had 28,000
yaroslaw [1]

Answer: $4.38

Explanation:

Conversion costs are based on completed units so those units that are yet to be completed will be converted into equivalent units.

Units produced = Units completed and transferred out + equivalent WIP

= 169,000 + (26,000 * 79%)

= 169,000 + 20,540

= 189,540 units

Total Conversion costs = beginning conversion costs + conversion costs added during period

= 103,000 + 726,925

= $829,925‬

Conversion cost per equivalent share

= 829,925‬/189,540

= 4.3786

= $4.38

6 0
3 years ago
which organization issues auditing standards, carries out inspections of public accounting firms auditing us public clients, and
Butoxors [25]

The Public Company Accounting Oversight Board (PCAOB) issues auditing standards, carries out inspections of public accounting firms auditing public clients, and imposes sanctions.

<h3>What are sanctions?</h3>
  • Economic sanctions are financial and commercial penalties imposed by one or more nations against a particular self-governing state, group, or person.
  • Economic sanctions may be used for a number of political, military, and social reasons in addition to difficult economic conditions.
<h3> What is The Public Company Accounting Oversight Board (PCAOB)?</h3>
  • The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB), a nonprofit organization, to supervise the audits of public companies and other issuers in order to safeguard investor interests and advance the public interest in the creation of informative, accurate, and independent audit reports.
  • In order to protect investors, the PCAOB also controls the audits of broker-dealers, including compliance reports submitted in accordance with federal securities laws.
  • The U.S. Securities and Exchange Commission must approve all PCAOB regulations and standards (SEC).

Therefore, the Public Company Accounting Oversight Board (PCAOB) issues auditing standards, carries out inspections of public accounting firms auditing public clients, and imposes sanctions.

Know more about nonprofit organizations here:

brainly.com/question/26476622

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7 0
2 years ago
If Alex deposits $1,000 from her paycheck into her checking account and, at the same time, increases her credit card balance by
Marina86 [1]

Answer:

option (A) -$500; decreases by $500

Explanation:

Data provided in the question:

Amount deposited = $1,000

Increase in credit card balance = $1,500

Now,

Deposit adds to assets whereas increase in credit card balances adds to liabilities

Therefore,

Savings = Deposits - Increase in credit card balances

= $1,000 - $1,500

= - $500

Here,

negative sign depicts the decrease in wealth

Hence,

The correct answer is option (A) -$500; decreases by $500

8 0
3 years ago
The major advantage of debt financing is the: Group of answer choices number of different sources from which it is available amo
Eduardwww [97]

The major advantage of debt financing is the number of different sources from which it is available amortization benefits.

It is referred to as debt financing when a business takes out a loan that will be repaid with interest at a later time. A secured or unsecured loan could be used to finance it. To finance operating capital or an acquisition, a company will take out a loan.

A party, the debtor, is obligated by a debt to pay another person, the creditor, money or another agreed-upon value. In contrast to an immediate purchase, debt involves deferred payments or a series of payments.

Learn more about debt financing here brainly.com/question/26895906

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3 0
1 year ago
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