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3 years ago

Financial stability is when you:

2 answers:

6 0

Able to save for retirement means that the person is financially stable as he/she has enough income to cover her expenses and future emergencies etc.

hichkok12 [17]3 years ago

5 0

Your answer woud be D.

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Abbe Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and

zepelin [54]

Answer:

Activity Rates are:

1 = $14.55 per activity

2 = $8.69 per activity

3 = $57.47 per activity

Cost per product

A = $32.2525

B= $34.7333

Explanation:

As for the provided information,

There are three activities.

Activity 1 = $17,460 and total = 1,200

Rate of activity = $17,460/1,200 = $14.55 per activity

Activity 2 = $19,987 and total activity = 2,300

Rate of activity = $19,987/2,300 = $8.69 per activity

Activity 3 = $29,884 and total activity = 520

Rate of activity = $29,884/520 = $57.47 per activity.

Costs of each product

Product A = ($14.55 $\times$ 600) + ($8.69 $\times$ 1,700) + ($57.47 $\times$ 40)

= $8,730 + $14,773 + $2,298

= $25,801

Cost per unit = $25,802/800 = $32.2525

Product B = ($14.55 $\times$ 600) + ($8.69 $\times$ 600) + ($57.47 $\times$ 120)

= $8,730 + $5,214 + $6,896

= $20,840

Cost per unit = $20,840/600 = $34.73

7 0

3 years ago

Joel is the sole shareholder of Manatee Corporation, a C corporation. Because Manatee’s sales have increased significantly over

Zina [86]

Answer:

If Joel purchases the warehouse, he can rent it to the corporation and charge the highest possible rent within reasonable terms. Joel can avoid double taxation and the corporation will be able to deduct rent expense.

Joel is also able to deduct depreciation expenses, real estate taxes, and other costs from his passive income.

As an individual, Joel is taxed differently for capital gains in case he sells the warehouse, and that rate is generally lower than corporate tax rates.

5 0

3 years ago

Your uncle has $340,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, star

timama [110]

Answer:

17.27 years

Explanation:

For this question we use the NPER formula that is shown on the attachment below:

Provided that

Present value = $340,000

Future value = $25,000

PMT = $35,000

Rate of interest = 7.5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of year is 17.27 years

5 0

3 years ago

As of January 1 of the current year, the Gunner Company had accounts receivables of $50,000. The sales for January, February, an

BigorU [14]

Answer:

b. $48,000

Explanation:

According to the given situation the computation of accounts receivable balance is shown below:-

Jan Feb Mar April

Sales $120,000 $140,000 $150,000

Cash Sales

at 20% $24,000 $28,000 $30,000

Credit Sales

at 80% $96,000 $112,000 $120,000

Collection in same

month at 60% $57,600 $67,200 $72,000

Collection in next

month at 40% $50,000 $38,400 $44,800 $48,000

Therefore the accounts receivable balance as of March 31 is $48,000

4 0

3 years ago

Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow?

podryga [215]

Answer:

Net cashflow = Net income + Depreciation

Net cashflow = 3,100,000 + 500,000 = 3,600,000 dollars

Explanation:

Net cashflow equals net income plus depreciation.

3 0

3 years ago