Which of the following is NOT a consideration when determining your asset allocation?

Sheldon company began year 1 with $1,200 in its supplies account. during the year, the company purchased $3,400 of supplies on a

Anna007 [38]

Answer:

Sheldon's financial statements for year 1 would show:

Supplies Inventory = $1,400

Supplies Expense = $3,200

Account Payable = $400

Explanation:

Supplies Account balance at beginning of the year = $1,200

Purchase during the year = 3,400

Payment during the year = $3,000

Supplies counted at end of the year = $,1400

Supplies used in the year 1 = 1200 + 3400 -1400 = $3,200

Account Payable at the end of year = 3,400 - $,3000 = $400

6 0

3 years ago

Fifteen years ago, Lenny purchased an insurance policy on his own life. The policy provides a $3 million death benefit. Lenny ha

dalvyx [7]

Lenny will generate $471,250 after-tax cash.

<h3>What is an insurance policy?</h3>

The insurance policy, which establishes the claims that the insurer is legally obligated to pay, is a contract between the insurer and the policyholder.
The insurer guarantees to reimburse losses brought on by risks covered by the policy language in return for an upfront payment known as the premium.

<h3>What is a cash surrender value?</h3>

If a policyholder or the owner of an annuity contract chooses to cancel their policy before it matures or an insured event occurs, the insurance company will give them the cash surrender value as compensation.

<h3>Solution -</h3>

Money Lenny will get = $725,000.

Subtract the tax to find the money Lenny will get.

35% of 725,000 = $253,750.

$725,000 - 253,750 = 471,250$

Therefore, Lenny will generate $471,250 after-tax cash.

Know more about compensation here:

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6 0

2 years ago

When a manufacturer advertises to wholesalers and retailers in an attempt to encourage them to carry its products, it is engagin

ICE Princess25 [194]

B. False
Institutional advertising does not attempt to sell anything directly. It is type of advertising intended to promote company, business, institution or other similar entity.

3 0

4 years ago

involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance. a. Con

VashaNatasha [74]

Answer:

The correct answer is (B)

Explanation:

Determining the budget is important before starting a project. In planning a feasibility analysis, the most important factor is to carefully design the budget as it is a critical part of the planning and implementing a project. The budget helps to overcome all the problems related to the overall cost estimation of the project and it also helps to measure the overall performance of a project.

3 0

3 years ago

An advantage of using "negotiated" transfer prices is: A. Both the selling and buying units have complete information about cost

madreJ [45]

Answer:

The correct option is A,both the selling and buying units have complete information about costs.

Explanation:

A negotiated transfer price is a price agreed between the selling and buying divisions having considered factors such the external purchase price,the opportunity costs of selling internally and externally ,whether or not there is surplus capacity and may more.

Negotiated transfer price is fairer to both divisions as opposed to a transfer price imposed by management which could result in low morale in the buying or selling division depending on whether the price was set too high or too low.

7 0

3 years ago