All categories

3 years ago

Everyone has a financial plan, but not everyonehas a financial goal, explain

Business

1 answer:

guapka [62]3 years ago

3 0

Answer:

Not everyone has a Financial Plan because some people don't even know the meaning of a Finiancial Plan and what is does for you in the feature. Some of the people in this world have a Financial Goal because they are either trying to buy there own house or trying to create a new business.

Explanation:

You might be interested in

Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in

RSB [31]

Answer:

$82

Explanation:

Month Quantity rate Total

January purchase 7 letters 6 42

February 5 letters 8 40

March 6 letters 9 45

Total 18 127

Number of letters sold = 6

Closing inventory = 18 - 6 = 12

Using LIFO , the last set of item purchased are the first to be sold , therefore the closing inventory will be

(5*8)+(7*6)= $82

3 0

3 years ago

Allied Parts was organized on May 1, 2013 and made its first purchase of merchandise on May 3. The purchase was for 1,500 units

Mama L [17]

Answer:

the requirements are missing, so I looked for them on similar questions. Journal entries need to be recorded regarding all the transactions with Baker Co.:

May 5, 2013, 900 units sold to Baker Co., credit terms 2/10 n/60

Dr Accounts receivable 13,500

Cr Sales revenue 13,500

Dr Cost of goods sold 9,900

Cr Inventory 9,900

a. May 7, 2013, Baker returns 315 units

Dr Sales returns and allowances 4,725

Cr Accounts receivable 4,725

Dr Inventory 3,465

Cr Cost of goods sold 3,465

b. May 8, 2013, sales allowance given to Baker to compensate damaged units

Dr Sales returns and allowances 525

Cr Accounts receivable 525

c. May 15, 2013, sales allowance given to Baker to compensate wrong color of 14 units

Dr Sales returns and allowances 110

Cr Accounts receivable 110

May 15, 2013, Baker returns 36 units

Dr Sales returns and allowances 540

Cr Accounts receivable 540

Dr Inventory 396

Cr Cost of goods sold 396

5 0

4 years ago

Martinez Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $

Artemon [7]

Answer:

Martinez Company

a) Journal Entries

Jan. 2, 2020:

Debit Accounts Receivable (Danone Inc.) $630,000

Credit Cash Discounts $9,100

Credit Sales Revenue $639,100

To record the sale of goods on account, with trade terms, 5 days $9,100, net 30.

Debit Cost of goods sold $480,000

Credit Inventory $480,000

To record the cost of goods sold.

Jan. 28, 2020:

Debit Cash $639,100

Credit Accounts Receivable (Danone Inc.) $630,000

Credit Cash Discounts $9,100

To record the full receipt of cash on account and the revision of the cash discounts not taken.

Explanation:

a) Data and Analysis:

Jan. 2, 2020:

Accounts Receivable $630,000 Cash Discounts $9,100 Sales Revenue $639,100, terms, 5 days $9,100, net 30.

Cost of goods sold $480,000 Inventory $480,000

Jan. 28, 2020:

Cash $639,100 Accounts Receivable $630,000 Cash Discounts $9,100

7 0

3 years ago

Is streaming Business in form 4 Diffult?. Justify your Answer.

ExtremeBDS [4]

Answer:

money

Explanation:

because when you have a business you are making money

5 0

3 years ago

Suppose that Spain and Austria both produce rye and stained glass. Spain's opportunity cost of producing a pane of stained glass

Fiesta28 [93]

Answer:

Spain for the first part and Austria for the second part.

Explanation:

The solution to the question is to determine which of the countries have a comparative advantage in producing stained glass among the two countries.

Comparative advantage represents the ability of an economy or country to produce a good or render a service at opportunity costs lower than other countries or fellow trade partners. Ability to produce at lower opportunity costs simply means that country or economy will produce the good at a lower cost and realise stronger margins in terms of sales and profit.

<u>Spain's opportunity cost of producing a pane of stained glass is 5 bushels of rye</u>

<u>While Austria's opportunity cost of producing the same pane of stained glass is 10 bushels of rye.</u>

Therefore, Spain has a lower opportunity cost and has comparative advantage over Austria in producing stained glass.

Also, Austria has a comparative advantage over Spain in the production of rye.

5 0

4 years ago