1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garik1379 [7]
3 years ago
8

A client, age 67, owns his own home free and clear. The customer has an annual income of $25,000, mainly from social security an

d interest on funds held in a bank savings account. The customer has never invested and is told by his nephew that the technology company that he works for is coming out with a hot new product that will really increase the company's stock price. The BEST recommendation to be made to this client is to:
Business
1 answer:
FromTheMoon [43]3 years ago
3 0

Answer:

The best recommendation to be made to this client is to do nothing.

Explanation:

Investment in stock is a highly risky investment because price of stock often fluctuates which can make an investor to lose a lot of money.  

From the question, the client is already old at age 67 with a low income and he does not have any other liquid assets apart from the annual income of $25,000, mainly from social security and interest on funds held in a bank savings account.

Since losing so much money through investment in stock is not affordable to him, the best recommendation to be made to this client is to that he should do nothing.

You might be interested in
Joel and Liza are having a disagreement over one of their stock investments, which just lost 15 percent in a short period of tim
anastassius [24]
B.

It says Liza is risk tolerant, therefore it would make sense that she would hold on to these stocks as risk tolerant people often hold onto stocks in the long term.
8 0
3 years ago
Read 2 more answers
Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs. Supporting record
Yakvenalex [24]

Answer:

Work-in-process - Assembly Department  $64,160 (debit)

Work-in-process - Finishing Department  $38,080 (debit)

Overhead $102,240  (credit)

Explanation:

Assembly Department Costs Assignments

J1 : Raw Materials

Work -in-process $27,100 (debit)

Raw Materials (credit)

J2 : Labor

Work -in-process $40,100 (debit)

Salaries and Wages Payable $40,100 (credit)

J3 : Overheads

Work-in-process  $64,160 (debit)

Overhead $64,160 (credit)

Finishing Department Costs Assignments

J1 : Raw Materials

Work -in-process $23,200 (debit)

Raw Materials $23,200 (credit)

J2 : Labor

Work -in-process $23,800 (debit)

Salaries and Wages Payable $23,800 (credit)

J3 : Overheads

Work-in-process  $38,080 (debit)

Overhead $38,080  (credit)

Summary of assignment of overhead

Work-in-process - Assembly Department  $64,160 (debit)

Work-in-process - Finishing Department  $38,080 (debit)

Overhead $102,240  (credit)

3 0
3 years ago
From the list below, select the items that are classified as a materials activity. Select the correct answers. a.Raw materials u
USPshnik [31]

Answer:

A) Raw materials used

B) Raw materials beginning inventory

C) Raw materials purchases

Explanation:

When we are calculating the cost of goods sold, we must calculate total direct   materials used + total direct labor + overhead overhead costs applied.

To calculate how much direct (raw and intermediate) materials are used, we start with our beginning inventory of (raw and intermediate) materials + purchases of (raw and intermediate) materials - ending inventory of raw materials - indirect materials used.

Some industries only calculate raw materials used, but others might include intermediate components in the equation.

6 0
3 years ago
High SchoolBusiness 5 points
lidiya [134]

Answer: The aspect of the <u>SMART</u> goal that is missing is <u>Deadlines or Target date.</u>

Explanation:

Here <u>SMART</u> is abbreviated as <u>S</u>pecific, <u>M</u>easurable, <u>A</u>ttainable, <u>R</u>esult oriented and <u>T</u>ime bound. The aspect of the time bound has not been included in this respective scenario.

7 0
3 years ago
कुनै एक शीर्षकमा १५० शब्दमा नघटाई निबन्ध लेख्नुहोस् :<br>क. मेरो देश नेपाल ​
pantera1 [17]

Answer:

What is Korean write o Japanese write I don't no longer my life now

8 0
3 years ago
Read 2 more answers
Other questions:
  • If you are aware of a scam, you should call the Federal Trade Commission. True or False
    5·2 answers
  • E-waste is particularly difficult to address because of: the complexity of the modern value chain. the complexity of the modern
    8·1 answer
  • What is the problem with paying only your minimum credit card balance each month?
    13·1 answer
  • The main expense of a merchandiser is usually ________.
    12·1 answer
  • While noreen was driving down the highway, she saw two cars on the side of the road. she noticed that no one was hurt and that n
    14·1 answer
  • The primary difference between a periodic and perpetual inventory system is that a periodic systemA)keeps a record showing the i
    7·1 answer
  • John has the following transactions for the year: Cash received from sales of products $120,000 Cash paid for expenses (except r
    8·1 answer
  • Jeremiah needs to see data in two different table views from two regions without creating two tables. Which two features would h
    10·1 answer
  • What phrase BEST describes a "bobblehead" figure of a team's mascot available for sale during a game?
    6·1 answer
  • if the equilibrium output is above the gdp potential then the gap between the output and potential gdp would be called a(n)
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!