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3 years ago

Financial literacy means . . .?

Business

1 answer:

scZoUnD [109]3 years ago

8 0

Answer:

F. C and D only

Explanation:

Financial Literacy

This is when an individual or person possesses the skills, techniques and knowledge that allows him/her (the individual or person) to make informed and efficient decisions with all of their financial resources. It is the ability to understand how money works. This includes, how individuals make money, manage it and invest it properly. Financial skills possessed by a financial literate includes budgeting, personal financial management, investment, expenditure and so on.

Understanding assumptions and estimates of plant managers and creating a firm financial statement are NOT part of the indicators for financial literacy.

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Arnez Company’s annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to

g100num [7]

Answer:

supplies expense 13069 debit

supplies 13069 credit

insurance expense 12,844 debit

prepaid insurance 12,844 credit

depreciation expense 16,375 debit

acc dep- building 16,375 credit

rent receivable 2,000 debit

rent revenue 2,000 credit

unearned revenue 3,624 debit

rent revenue 3,624 credit

Explanation:

cosumption of supplies:

beginning 3,075

purchases 12,700

ending (2,706)

expense 13,069

insurance:

April 1st 24 months 10,824

April 1st 36 months 9,576

August 1st 12 months 8,400

expired insurance:

10,824 x 8/24 = 7,216

9,576 x 8/36 = 2,128

8,400 x 5/12 = 3,500

total 12,844‬

for depreicaiton we recognize the amount per year

the rent earned is only Decemeber so we recognize for that amount

then we have the other tenant which pais 5 months, 2 has expired so we accrued for that:

1,812 x 2 = 3,624

7 0

3 years ago

LO.9 Renata Corporation purchased equipment in 2017 for $180,000 and has taken $83,000 of regular MACRS depreciation. Renata Cor

Pani-rosa [81]

Answer:

It will be considered a long-term capital gains as Renata Corporation holded for a priod of time longer than a year.

The gain will be the difference between tax basis (cost - tax purporse depreciation) which amount to $13,000

Explanation:

selling price 110,000

180,000 - 83,000 = 97,000 tax basis

long.term capital gain 13,000

7 0

3 years ago

Write a short paragraph describing the importance of reducing, reusing, and recycling materials in the workplace.

leva [86]

Reducing, reusing and recycling are important because they decrease the amount of waste on the planet and preserve natural resources by maintaining space and cutting down on landfills. Reducing, reusing and recycling reduce consumption of new materials and save energy.

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3 years ago

A __________ is a very severe recession that is usually accompanied by deflation.

nikdorinn [45]

Answer:

e. Depression

Explanation:

A recession occurs when there are repeated fall in gross domestic product (GDP) to a severe extent. During this period, a country can experience a significant decline in economic activity spread across the economy, prices then stay at low and could last for months; this describes a deflation that follows depression. A recession on the other hand occur after a country's economic activity reaches its peak of activity.

6 0

3 years ago

Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware

Galina-37 [17]

Answer:

Customer relationship management system (CRM)

Explanation:

A CRM system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

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3 years ago