Answer:
Carol should save $672 per month.
Explanation:
Savings is the process of setting aside some part of one's income for the sake of an emergency or for retirement purposes. The best way to budget one's income by economists is: to save at least 20 %, a maximum of 50% should be spent on necessities and the remaining 30% should go towards discretionary items. In our case Carol can budget her income as follows;
<em>Step 1: Determine annual savings</em>
S=20%×N.I
where;
where;
S=savings
N.I=net income
In our case;
S=unknown
N.I=$40300 a year
replacing;
S=(20/100)×40,300
S=(0.2×40,300)=$8,060
<em>Step 2: Determine monthly savings</em>
Monthly savings=annual savings/number of months in a year
where;
Monthly savings=unknown, to be determined
annual savings=$8,060
number of months in a year=12
replacing;
Monthly savings=(8,060/12)=$672 per month
Carol should save $672 per month.
<h3><em>Answer:</em></h3><h2><em>Answer:Yes it is true statement that the positive thinking is necessary to develop decision making skill. Without positive thinking we can't fulfill our work .If we have to make skill then positive thinking is necessary.</em><em> </em><em>In </em><em>negative</em><em> </em><em>thinking </em><em>we </em><em>can't</em><em> </em><em>make </em><em>our </em><em>decision</em><em> </em><em>what</em><em> </em><em>to</em><em> </em><em>do</em><em> </em><em>but</em><em> </em><em>if </em><em>we </em><em>think</em><em> </em><em>positively</em><em> </em><em>we </em><em>see </em><em>all </em><em>thing </em><em>positive</em><em> </em><em>but </em><em>we </em><em>see </em><em>all </em><em>negative</em><em> </em><em>if </em><em>we </em><em>have </em><em>think </em><em>negatively.</em><em> </em><em>So </em><em>the </em><em>positive</em><em> </em><em>thinking</em><em> </em><em>is </em><em>necessary</em><em> </em><em>to</em><em> </em><em>develop</em><em> </em><em>decision</em><em> </em><em>making </em><em>skill</em><em /></h2>
Answer:
A. Increase cash by $120,000 and increase contributed capital by $120,000
Explanation:
when a company issues common stock then the company's cash balance and shareholders fund increases.
in this case, the company issued 2,500 shares of common stock at price $48;
The effect increase cash = 2,500*48
= $120,000
The effect increase contributed capital = 2,500*48
= $120,000
Therefore, The the correct balance sheet effect is, increase cash by $120,000 and increase contributed capital by $120,000.
Answer:
c.only that the debit dollar amounts equal the credit dollar amounts
Explanation:
For recording the business transactions, the first step is journalizing through recording. After that we post these to their respective account which we called ledger accounts.
The motive of recording the business transactions is to equate the debit and credit sections as per the double accounting through which the financial statements should be verified, and correct in all aspects.
