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MArishka [77]
3 years ago
9

Danny works for a company that matches his​ 401(k) retirement contributions at a rate of ​"$0.25 per​ $1" of his​ contributions,

up to 6​% of his salary. Danny earns ​$50000​/year. Using Doc​ White’s advice, what is the minimum amount of salary that Danny should contribute to his​ 401(k) plan each​ year? A. ​$50000​/year B. ​$3000​/year C. ​$12500​/year D. ​$12000​/year
Business
1 answer:
Nadusha1986 [10]3 years ago
7 0

Answer:

B $3000/year

Explanation:

The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year

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2. What are some ways you should categorize your financial documents (choose all that apply)
drek231 [11]

Answer:

<h2><u>Credit Card Statements</u></h2><h2><u>Tax Returns </u></h2><h2><u>Bank Statements</u></h2>

Explanation:

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4 0
3 years ago
CA5-5 WRITING (Cash Flow Analysis) The partner in charge of the Kappeler Corporation audit comes by your desk and leaves a lette
zvonat [6]

Answer:

Explanation statement of cash flow for the year ended December 31.2017

Cash flow from operating activities

Net income                                              100,000

Add back depreciation          10,000

Add back amortization              1,000

Add back loss on asset sales   5,000

Increase in account receivable(40,000)

Increase in inventory                 (35,000)

Decrease in accounts payable (41,000)   (100,000)

Net cash from operating activities                  0

Cash flow from investing activities

Sales of land                                  25,000

Purchase of equipment                (100,000)

Purchase of Land                          (200,000)

Net cash from investing activities                     (275,000)

Cash from financing activities

Payment of dividends                    (10,000)

Redemption of bonds                    (100,000)

Bet cash from financing activities                       (110,000)

Net decrease in Cash                                         ( 385,000)    

Cash balance in January 1, 2017                         400,000

Cash balance in December 31 , 2017                    15,000

<u>Workings</u>

1)

The disparity between the net income and the cash floe are as a result loss of cash to operating activities as a result of  cash tied down to increase in receivable and inventory and also to an increase in payable leading to an overall cash generated by operating activities of 0

Moreover , a larger portion (300,000) of the opening cash balance(400,000) for the year was used in acquiring land and equipment and also 100,000 used in the redemption of bond. , even though this reduced the interest expense and improve equity , yet it was a big blow to the cash flow.

2)

The importance of cash flow is that it helps to analyse and monitor cash movement and cash available for the purpose of business activities towards liquidity and long term solvency.

3)

Renewable sources of cash flow are generated from the company's operating activities as the cash used for the financing and operating activities are generated from this medium.

4)

Suggestion to improve cash flow for Kappler are

  1. Reduce the level of inventory held
  2. Negotiate with the account payable for a longer trade payable payment period
  3. Reduce the trade receivable collection period
  4. Payment of dividends and redemption of bonds van be suspended till alter date when adequate cash is available
  5. it can also negotiate for external sources of financing

       

4 0
3 years ago
Cash flows from activities include both inflows and outflows of cash from the external funding of a business. True or false?.
user100 [1]

True.

Cash flows from activities include both inflows and outflows of cash from the external funding of a business.

<h3>Cash Flow from Financing Activities: What is it? </h3>
  • The net amount of financing a business generates during a specific time period is called cash flow from financing activities.
  • The issuing and repayment of equities, the payment of dividends, the issuance and repayment of debt, and capital lease obligations are all examples of financial activity.

<h3>What Are the Different Types of Cash Flows? </h3>
  • Money coming into a business is known as cash inflow, and it may come through sales, investments, or financing.
  • The reverse of a cash outflow is a cash inflow, which is money entering a business.

<h3>What three different forms of cash flows are there?</h3>

To assess the liquidity and solvency of the company, organizations should monitor and analyze three different types of cash flow:

  • cash flow from operating operations
  • cash flow from investing activities
  • cash flow from financing activities.

The cash flow statement of a corporation includes all three.

  • Items like dividends and interest payments are excluded.
  • stock, debt, or alternative sources of funding.
  • Asset depreciation for capital goods

To learn more about financing activities visit:

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3 0
1 year ago
The table below shows the expenditure components for the United States in 2015. Expenditures in the United States Expenditure Co
AlladinOne [14]

Answer:

a. $12,332.2 billion

b. $3218.9  billion

c. $3093.5 billion

d.  $18120.5 billion

Explanation:

a. The value of Consumption Expenditure = Sum of consumption expenditure on all goods and services

= $1,367.1 billion + $2,666 billion + $8,299.1 billion

= $12,332.2 billion

b. The value of Government Expenditure = Sum of expenditure by federal Government and State & Local government

= $1224.0 billion + $1994.9 billion

= $3218.9  billion

c. Gross Investment = Sum of investment and inventories

=Non-residential fixed investment +  Residential fixed investment + Change in private inventories

= $2336.2 billion + $645.4 billion + $111.9 billion

= $3093.5 billion

d. Nominal GDP = C + I + G + (X-M)

= $12332.2 billion + $3093.5 billion + $3218.9 billion + ($2264.9 billion - $2789 billion)

= $18120.5 billion

8 0
3 years ago
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