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2 years ago

72% of millennials have between 0$ and $9,999 saved for their retirement so far. Why is this a potential problem?

1 answer:

6 0

Potential problem analysis is a method where it determines that the problem that can occur in a plan during development.

Explanation:

The potential problem causes can be rated accordingly such as nature of the occurrence of the problem , their consequences, the actions for prevention that can be taken, contingency plans that are being developed.

Millennial have to save more money for retirement otherwise they will go below the poverty line due to inflation. There are many millennial who invest unwisely without knowing the proper return on investment . According to Greg McBride , the chief analyst of the Bankrate.com said that the millennial are going to have big burden in savings after retirement.

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The Global Capsule in Chapter 5 says perhaps the best variable to monitor and to use to decide where to begin doing business is

juin [17]

The Global Capsule in Chapter 5 says perhaps the best variable to monitor and to use to decide where to begin doing business is Gross domestic product

Answer: Option (A) is correct

Explanation:

GDP is the Gross domestic product. It depicts how vast the economy is. GDP is the value of all finished goods and services in monetary terms. It tells the extent of activity undertaken in a country.

The foremost factor to decide where to start the business is to see the size of the market in that particular nation. To determine the size of a market or a business activity GDP plays a very important role.

5 0

3 years ago

1. If Bodin Company plans to sell 480,000 units during the year, compute the number of units the firm would have to manufacture

Dmitriy789 [7]

Answer:

450,000 Units

Explanation:

The complete part of the question is as below:

Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Two units of raw material are required to produce each unit of finished product.

January 1 December 31

Raw material 35,000 45,000

Work in process 12,000 12,000

Finished goods 80,000 50,000

Solution:

Units to be manufactured to sell 480,000 Units = Sales + Closing Inventroy - Opening Inventory

= 480,000 + 50,000 - 80, 000 = 450, 000 Units

The number of units Bodin would have to manufacture is 450,000 Units

3 0

3 years ago

Read 2 more answers

Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170.

Delicious77 [7]

Answer:

Hannah's Pool Service Company

Statement of owner equity for the year ended December 31

Particulars Amount

Capital (January 1) $309,170

Investment during the year $22,040

Net Income $55,080

Withdrawals during the year (-$39,010)

Increase in the owner equity $38,110

Capital (December 31) $347.280

Workings

a. Increase in the owner equity = Investment during the year + Net income - withdrawal during the year

=$22040+$55080 -$39010

=$38110

b. Capital (December 31) = Capital on January 1 + Increase in owner equity

=$309170 +$38110

=$347280

8 0

3 years ago

The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a

trapecia [35]

Answer:

An import tarif

Explanation:

An import tariff is a type of tax levied on the product bought from foreign nations. Tariff restricts the volume of goods and services brought into the country and making them expensive in the local market. Import tariffs serve as a source of revenue to the government and protect locally manufactured goods from unfair competition by imports.

The 25 percent tax imposed on all SUVs is an example of an import tariff. The person of the firm importing the vehicle must pat the government an amount equivalent to 25 percent of the value of SUV. Import tariffs make importing unattractive, thereby encouraging the consumption of domestic products.

6 0

3 years ago

Kingston Co. uses the percentage-of-receivables basis to record bad debt expense.

Troyanec [42]

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr $2,700

To Allowance for doubtful debts $2,700

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)

= ($420,000 × 1%) - ($1,500)

= $4,200- $1,500

= $2,700

4 0

3 years ago