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Scilla [17]
3 years ago
11

Earnings on an IRA grow until

Business
1 answer:
frez [133]3 years ago
3 0

Earnings on an IRA grow until C. you take the money out.

An IRA will continue to earn interest and gain value until your money is taken out of the account. Once the money is taken out, the interest will stop being earned. An IRA is a good savings plan to invest your money into for potential gain. There are low and high risks with investments but IRA's are pretty easy to navigate for first time investors.

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The common stock of Federal Logistics is selling for $57.56 per share. The company pays a constant annual dividend and has a tot
alexira [117]

Answer:

$5.83

Explanation:

The common stock of federal logistics is being sold at $57.56 per share

The total return is 10.13%

Therefore the amount of dividend can be calculated as follows

= price × return

= 57.56 × 10.13/100

= 57.56 × 0.1013

= $5.83

Hence the amount of dividend is $5.83

7 0
3 years ago
Innovative Consulting has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts
Marrrta [24]

Answer:

<h2>Innovative Consulting</h2>

<h3>General Journal</h3>

Date         Account Details               Debit           Credit

Mar. 1       51 Rent Expense              $4,000

                11 Cash                                                 $4,000

To record the payment for rent for the month.

Mar. 3      52 Advertising Expense $1,350

                11 Cash                                                 $1,350

To record the payment for advertising expense.

Mar. 5     13 Supplies                      $1,800

               11 Cash                                                 $1,800

To record the payment for supplies.

Mar. 6    14 Office Equipment      $11,500

              21 Accounts Payable                         $11,500

To record the purchase of office equipment on account.

Mar. 10  11 Cash                          $8,600

             12 Accounts Receivable                     $8,600

To record the receipt of cash from customers.

Mar. 15    21 Accounts Payable  $3,180

               11 Cash                                                 $3,180

To record the payment of creditor on account.

Mar. 27   54 Miscellaneous Expense $700

               11 Cash                                                 $700

To record the payment of Miscellaneous expense.

Mar. 30   53 Utilities Expense       $550

               11 Cash                                                 $550

To record the payment of telephone bill.

Mar. 31    2 Accounts Receivable $37,200

              41 Fees Earned                                 $37,200

To record fees earned and billed to customers for the month.

Mar. 31   53 Utilities Expense       $830

               11 Cash                                                 $830

To record the payment of electricity bill.

Mar. 31   33 Dividends                $2,000

               11 Cash                                                 $2,000

To record the payment of dividends to shareholders.

Explanation:

Innovative Consulting records business transactions as they occur on a daily basis in the general journal.  Journal entries are the first set of records in the accounting books.  They identify the accounts to be debited and the accounts to be credited in the general ledger.

8 0
3 years ago
Who ultimately pays for tariffs, consumers or producers?
lyudmila [28]
Whenever a consumer goes shopping, they are paying higher prices because the producers are marking the price up because of tariffs. So, the consumers are paying tariffs ultimately.
4 0
3 years ago
Read 2 more answers
Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.
Crank

Answer:

The value of the inventory on hand is $210

Explanation:

Inventory on hand / purchased;

June 1 - 15 units at $12

June 5 - 10 units at $13

June 12 - 20 units at $14

total units on hand = 45 units

Sale - 30 units sold

units left on hand 15.

Since there are only 15 units left on hand, and the $12 and $13 inventory units have all been sold since they were in first before the inventory purchased on June 12 the value of the inventory on hand is 15 x $14 = $210.

8 0
3 years ago
Read 2 more answers
Bob is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: Bob h
madam [21]

Answer:

B) People face trade-offs

Explanation:

A trade-off happens when you have to balance two (or three in this case) opposing situations. In economics all resources are scarce, and time is the only resource that everyone shares equally. Bob is facing opportunity costs, i.e. if he chooses to train one activity he cannot train the other.

Bob has to decide how to divide the time he can spend training. If he chooses running, he can´t swim or ride a bike. So he has to balance the time spent on each activity, probably depending on which sport he needs to train the most.

6 0
3 years ago
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