Answer: Please refer to Explanation
Explanation:
If your employer offers a retirement plan, don’t participate in it. Yes.
Having a retirement plan with your employer especially one in which you are a 100% vested is a drain on your income. It might have benefits in future when you retire but if you want to engage in financial planning, you need to have access to every penny and that includes the money going to the retirement plan.
Don’t bother to set target dates for achieving your financial goals. No
Setting a target date for various amounts in your financial goals enables you to work towards them with more determination. It is important to set target dates.
Pay credit card balances in full each month. Yes
Paying your credit card balance in full every month helps you avoid interest accruing as well as increasing your credit score. It is therefore very important to pay off the balance in full every month which will be easier as long as you charge things to it that you can afford.
Start saving early in life and save throughout your life. Yes.
The more you save the more you have to invest. This is why you should start saving early if you want to engage in financial planning. You need to formulate the determination to save every time. And don't just save for saving's case, save to invest.
Answer:
Given that,
Value of bonds issued = $100,000
Maturity period = 10 years
Bonds were issued at face value.
Interest rate = 8%
Interest is paid once per year on December 31.
Since, the bonds are issued at the face value, so there would be no premium or discount on the issue of bonds.
The cash is received by the company for issuing bonds and it is debited. We know that bonds are a part of liabilities, so they are credited
Therefore, the journal entry is as follows:
Cash A/c Dr. $100,000
To bonds payable $100,000
(To record the issuance of bonds)
Explanation:
<em>McDonald's uses the pricing approach, 'think global, act local'. They have proven to be affluent at using cost leadership pricing strategy by offering meals at low prices. Prices were kept low by: employing and training employees that are inexperienced instead of trained cooks.</em>
<span><span>He already plans to spend $50 to buy towels and since both sets of towels cost less than $50 he decided to go with the better quality yet more expensive set of towels.</span>
</span>
Let P<span> be the average power output. The total amount of work done is </span><span><span>P*(7.3s)</span>)</span><span>. But the total amount of work done is also the sum of these two quantities:
1._ </span>The work done to overcome friction. 2._The kinetic energy of the dragster at the end of the 400 m. Then the first part of the work done is (1200N)*(400m)=480000 J.
Part 2 is given by the kinetic energy formula: 1/2*(300)*(120^2)=2160000 J.
<span>Taken together, that's 2640000 J.
</span>Divide by the time <span>(7.3s)</span><span> and you have average power output of about
</span><span>
361643.836 Watts and in HP is </span> 361643.836/745.7=<span><span>484.972289 HP</span></span>
