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larisa86 [58]
3 years ago
6

Witch of the fallowing is a duty of a personal finance manager? A) selling property insurance B) filling tax returns C) tracking

clients investment D) selling houses
Business
1 answer:
EleoNora [17]3 years ago
4 0

Answer:

C) tracking clients investment

Explanation:

Person finance involves the management of an individual's or a family's financial aspects, such as budgets, taxation, savings, and investments.  A personal finance manager evaluates the financial need of an individual or a family . He or she assist in making decisions that lead to the attainment of short-term and long-term financial goals.

A personal finance manager plays several roles in helping their clients achieve their objectives, some of them include

  1. Develop realistic financial goals with the clients.
  2. Make plans on how the client will achieve his or her goals
  3. Recommending and undertaking investments on behalf of the clients.
  4. Assist clients in making specific provision for anticipated expenses such as education and retirement.
  5. Monitor investments on behalf of the client.

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You have $25.36 in your account. You make deposits of $36 and $78 and make a withdrawal of $61.24. How much is in the account?
vagabundo [1.1K]

Answer:

78.12

Explanation:

8 0
2 years ago
question content area for the year ended december 31, orion, inc. mistakenly omitted adjusting entries for $1,500 of supplies th
Oduvanchick [21]

Errors will have a $2,300 overstatement of net income on revenues, costs, and net income.

The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in the company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Net income = Total revenue - total expenses

where,

Total revenue = Unearned revenue = $4,200

Total Expense = Supplies expense + insurance expense = $1,500 + $5,000 = $6,500

Net Income = Total revenue - Total Expenses = $4,200 - $6,500

Net Income = -$2,300

Therefore, there's an overstatement of $2300 in Net Income.

To know more about Net Income, refer to this link:

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6 0
9 months ago
Over the course of 40 years, sal grew his company to six package shipping stores. with his retirement approaching and the increa
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Based on the given scenario above, what Sal's reduction of effort represents DEFENSIVE STRATEGY. Defensive strategies are techniques that are utilized in order to combat an attack for possible competitors. In Sal's situation, since she is approaching retirement, her back up plan to decrease the possibility of having problems in the business is to reduce the number of locations.
8 0
3 years ago
The following totals for the month of April were taken from the payroll register of Magnum Company. Salaries $12,000 Social Secu
Novosadov [1.4K]

Answer:

d. credit to Salaries Payable for $8,600

Explanation:

<em>The journal entry would be as follows.</em>

Magnum Company

Payroll Journal

Particulars                            Debit                    Credit

Salaries                       $12,000  Debit

Federal Income taxes withheld                       2,500 Credit

Social Security & Medicare taxes withheld      900 Credit

Salaries Payable                                               $8,600 Credit

Unemployment taxes are paid by the employer . They are not deducted from the employees' wages . They include both the federal and state taxes.Social Security & Medicare taxes withheld $ 900 include the  Social Security & Medicare taxes  $ 900.

6 0
3 years ago
Report Assessment: Givens Graphics Company was organized on January 1, 2010, by Sue Givens. At the end of the first 6 months of
Charra [1.4K]

Answer:

Givens Graphics Company

(a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.):

1. Debit Supplies Expense $2,400

Credit Supplies $2,400

To accrue supplies used to date.

2. Debit Interest Expense $750

Credit Interest Payable $750

To accrue interest due.

3. Debit Insurance Expense $600

Credit Insurance Prepaid $600

To accrue the insurance expense for 4 months.

4. Debit Consulting Fees (Unearned) $4,500

Credit Consulting Fees Earned $4,500

To accrue earned consulting fees.

5. Debit Accounts Receivable $2,000

Credit Graphic Revenue Earned $2,000

To accrued earned revenue.

6. Debit Depreciation Expense $1,000

Credit Accumulated Depreciation $1,000

To record depreciation charge for six months.

(b) Adjusted trial balance:

Cash                             $ 9,500

Accounts Receivable    16,000

Equipment                    45,000

Insurance Expense           600

Insurance Prepaid          1,200

Salaries Expense         30,000

Supplies Expense          2,400

Supplies                          1,300

Advertising Expense      1,900

Rent Expense                 1,500

Utilities Expense            1,700

Notes Payable                              $ 20,000

Interest Expense             750

Interest Payable                                    750

Depreciation Expense  1,000

Accumulated Depreciation                1,000

Accounts Payable                              9,000

Sue Givens, Capital                         22,000

Graphic Revenue                             54,100

Unearned Consulting Revenue        1,500

Consulting Revenue                         4,500

Total                           $112,850   $112,850

(ci) Income statement for the 6 months ended June 30:

Graphic Revenue                             $54,100

Consulting Revenue                           4,500

Total Revenue                               $58,600

Less Expenses:

Insurance Expense           600

Salaries Expense         30,000

Supplies Expense          2,400

Advertising Expense      1,900

Rent Expense                 1,500

Utilities Expense            1,700

Interest Expense             750

Depreciation Expense  1,000        $39,850

Net Income                                     $18,750

(cii) Owner's equity statement for the 6 months ended June 30:

Sue Givens, Capital    $22,000

Retained Earnings         18,750

Total Equity                $40,750

(ciii) Balance sheet at June 30:

Assets:

Cash                                                $ 9,500

Accounts Receivable                       16,000

Insurance Prepaid                              1,200

Supplies                                              1,300

Equipment                                       45,000

Total Assets                                 $73,000

Liabilities + Equity:

Notes Payable                             $ 20,000

Interest Payable                                   750

Accumulated Depreciation               1,000

Accounts Payable                             9,000

Unearned Consulting Revenue       1,500

Sue Givens, Capital                       22,000

Retained Earnings                          18,750

Total Liabilities + Equity            $73,000

Explanation:

a) Unadjusted Trial Balance at June 30:

Cash                             $ 9,500

Accounts Receivable    14,000

Equipment                    45,000

Insurance Expense         1,800

Salaries Expense         30,000

Supplies Expense          3,700

Advertising Expense      1,900

Rent Expense                 1,500

Utilities Expense            1,700

Notes Payable                              $ 20,000

Accounts Payable                              9,000

Sue Givens, Capital                         22,000

Graphic Revenue                             52,100

Consulting Revenue                         6,000

Total                       $109,100       $109,100

b) Adjusting Journal Entries are end of period adjustments (accrued expenses and revenue, unearned revenue and prepaid expenses, and depreciation charges) made to the accounts to match them to the accrual basis of generally accepted accounting principles.

6 0
3 years ago
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