The purchase of a home typically necessitates years of planning and budgeting because it is one of the largest purchases you will ever make.
A budget is an estimate of the money that will come in and go out of the business over a given period of time, and it is often created and reviewed on a regular basis. Budgets can be created for an individual, a team of individuals, a business, a government, or pretty much anything else that generates and spends money.
Budgeting is essential to controlling monthly costs, preparing for unforeseen events in life, and being able to buy expensive products without getting into debt. It doesn't have to be tedious to keep track of your income and expenses, you don't have to be an expert in math, and it doesn't mean you can't buy the items you want. Simply said, it means you'll be more aware of where your money is going and in charge of your finances.
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Answer:
The acquired cost of the equipment on July 1 is $85,132
Explanation:
The computation of the acquired cost is shown below:
= Cash + Net note payable amount
= $10,000 + $75,132
= $85,132
where,
Notes payable amount equals to
= Non-interest-bearing note payable - discounts on notes payable
= $100,000 - $24,868
= $75,132
For computing the accurate answer we have to deduct the discount from the note payable amount and then added to thee cash amount
Answer: C) the growing number of IKEA furniture stores in the United States
Explanation:
IKEA is a very popular furniture chain in the United States that keeps rising in popularity as well as adding new locations. However, it is not an American company but rather a Swedish company with it's headquarters in The Netherlands. This shows that as American companies such McDonald's, Disney and Starbucks are spreading around the world, so also are foreign companies spreading in the USA.
The defender of Globalization can point to this and show that the Americans are not only spreading around the world, but have foreign companies spreading amongst them as well making it a 2 way street.
Answer:
$71,960
Explanation:
Not past due days $892,000*0.75%=$6,690
1-30 days $285,000*4%=$11,400
31-60 days $101,000*8%=$8,080
61-90 days $63,000*16%=$10,080
91-180 days $43,100*50%=$21,550
Over 180 days $17,700*80%=$14,160
Total allowance for doubtful accounts as at December 31, =$71,960
Answer:
Real rate of return = 0.94%
Explanation:
The relationship between the nominal rates of return, real rate of return and inflation is:
( 1+ nominal rate ) = ( 1+ real rate) *( 1 + inflation)
or, (1.07) = (1 + real rate) * (1.06)
Hence, the real rate of return is = (1.07)/(1.06) = (1 + real rate of return)
1.0094 = 1 + real rate of return
Real rate of return = 0.94%
