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4 years ago

To manage your money, you should _____.

1 answer:

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To manage your money wisely you should do all of these things EXCEPT spend more than you make. If you do this, you will have to borrow money, be in debt, and then need to pay interest. This will cause a downward spiral and cause even more financial woes.

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Bavarian Bar and Grill opened for business in November 2018. During its first two months of operation, the restaurant sold gift

zhannawk [14.2K]

Answer:

Sale of gift cards

Debit Bank $6,800 Credit Gift Card Certificate liability $6,800

Redemption of cards

Debit Gift card liability $2,100 Debit Bank $500 Credit Revenue $2,500 Credit sales tax payable 100

2) Liability to be reported in balance sheet = ( 6800-2100) = $4,700

3) Non current liabilities

Gift Card certificate $680

Current Liability

Gift Cards Certificates $4,020

Sale tax payable $100

Explanation:

Sales tax payable (2500*4%) = $100

The bank of $500 in the Redemption of cards journal is a balancing figure.

Classification of the liability in types of liability

Current liability

Gift card certificates sold = 6800

current liability 90% =6120

deduct redeemed card = -2100

current liability = $4,020

Non_Current Liabilities

Gift Card not yet redeemed = 4700

less current gift card liability = -4020

non current liability =680

8 0

3 years ago

In a recent news release Bloomberg.com reported that the existing home sales declined in December of 2012 (the released article:

stich3 [128]

Answer:

The correct answer is Option (A) Homeowners expect housing prices to increase in the future

Explanation:

Existing home sales decline was attributed to reduction in the supply of existing homes. The owners of existing homes would not sell their property only if they believe that home prices will increase in the future. Therefore, they can sell the property at a higher price later.

Had homeowners believed that home prices will decline in the future, the owners would have put-up existing houses for sale so that they get a better price now than wait to see the price decline.

3 0

3 years ago

One approach to reducing project length would be to: Group of answer choices Eliminate tasks on the critical path. Use hammock a

xxMikexx [17]

Answer:

the correct answer is Eliminate tasks on the critical path.

Explanation:

Critical path is the set of activities which are essential or "critical" for the success of the process. If we truly need to reduce the length of a project, we should find innovative ways to reduce the number of critical processes in the critical path.

3 0

3 years ago

20 points come and get em

Misha Larkins [42]

Answer:

Explanation:

8 0

3 years ago

Read 2 more answers

Bill, Jim and Shelly are all looking to buy the same stock that pays dividends. Bill plans on holding the stock for one year. Ji

vagabundo [1.1K]

Answer:

4. All three should be willing to pay the same amount for the stock regardless of their holding period.

Explanation:

Bill, Jim and Shelly should be willing to pay the same amount of money to purchase this dividend-paying stock. This is because, the price of the stock today depends on the expected future dividends which when discounted, results in the intrinsic value of the stock. This is based on dividend discount model(DDM) of stock valuation. Therefore, the value of the stock today does not depend on the holding period.

5 0

3 years ago