Answer:
She can contribute to her employer's matching benefit.
Explanation:
The best way for Matilda to save is to have the amount she intends to save deducted from her basic salary. By doing this, she will not have direct access to the money, so she cannot spend it. If her employer has a savings matching scheme, then Matilda should join it. Her savings account will grow faster due to her employer's contributions.
A low-interest account will discourage her from saving. The 529 schemes are designed to save money to cater to post-secondary education.
Answer:
$45,600
Explanation:
Particulars Amount
Redding capital $18,000
Potential loss of non-cash Assets (138,000*20%) <u>$27,600</u>
Maximum amount contributed by Redding, Capital <u>$45,600</u>
So, the maximum amount that Redding might have to contribute to this partnership because of the deficit capital balance is $45,600.
Answer:
8.26%
Explanation:
Calculation to determine the modified IRR
First step is to calculate the Modified Year 2 cash flow
Modified Year 2 cash flow = $21,300 + (-$6,200)/1.11
Modified Year 2 cash flow= $15,714.41
Now let determine the Modified IRR
Modified IRR:$0 = -$84,900 + $77,400/(1 + IRR) + $15,714.41/(1+ IRR)^2
Modified IRR= 8.26%
Therefore the modified IRR is 8.26%
Answer:
b. A debit to Deferred Inflows: Property Taxes; and a credit to Revenues Control.
Explanation:
In accrual accounting revenues and expenses are not recognised till they are earned or incurred.
Deferred revenue is the income for goods that have not been delivered yet. For example if a business made sales of books worth $500 but have not delivered the goods to the buyer, the income realised is credited to deferred income. When the books have been delivered the income can now be recognised and moved to revenue account.
So in the scenario given the property taxes have not been collected yet and Soni's recorded as Deferred inflow from the previous year. When the taxes are collected we debit Deferred Inflow- Property taxes and credit Revenue Control.
Answer:
To use brainly or to not use brainly. I dont like cheating but sometimes I realy need help.
Explanation:
