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3 years ago

Miguel is 25 years old, has low financial health, a long time horizon and a high risk

Business

1 answer:

arlik [135]3 years ago

7 0

Answer:

A. 85% stocks and 15% bonds/cash equivalents.

Explanation:

Being that Miguel is 25 years old, he has a very long time horizon over which his investments can grow. The fact that he has a low financial health means that he needs to adopt an aggressive investment strategy and that complements his high tolerance for risk. Investing majority of his assets should be in stocks since stocks are riskier than bonds and a small proportion in the latter. Therefore, 85% in stocks and 15% in stocks and cash equivalents would be ideal.

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Prepare for the DMV drive test by ensuring your_____ is in good operating condition.

butalik [34]

Veichle is in operating condition

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3 years ago

What is accountability

Rama09 [41]

Accountability is a promise that a person or a group will be judged on how they perform or behave in relation to anything for which they are accountable.

Though more from the standpoint of oversight, the phrase refers to accountability. For instance, an employee might be in charge of making sure that a response to an RFP (request for proposals) complies with all the standards. Consequences may or may not occur if the work is not completed satisfactorily. Accountability, on the other hand, indicates that the worker is required to successfully complete the task and will need to at least justify their failure.

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2 years ago

In Country X a returning tourist may import goods with a total value of $500 or less tax free, but must pay an 8 percent tax on

Morgarella [4.7K]

Answer:

$18.4

Explanation:

Data provided in the question:

Maximum value on which there is no tax = $500

Tax paid on the portion of the total value in excess of $500 = 8% = 0.08

Total value of the goods imported by the returning tourist = $730

Now,

The excess amount of portion on which the tax will be charged

= Total value of the goods imported - Maximum value on which there is no tax

= $730 - $500

= $230

Therefore,

@8% tax rate

Total tax that must be paid on excess portion i.e $230

= $230 × 8%

= $230 × 0.08

= $18.4

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4 years ago

The following information pertains to Fox Co.'s defined benefit pension plan for 20x4:

kramer

Answer:

The effect will be the balancing figure of $210,000 (Return on plan assets)

Explanation:

Workings :

Assets Obligations

$ $

Asset Fair value/PV of obligatio at the beginning 750,000 800,000

Interest nil nil

Benefits paid (215,000) (215,000)

Employer Contribution 230,000

Return on Plan Assets exluding amounts in net

Interest (balancing figure) OCI * 210,000

Assets Fair Value/PV of obligation at the end 975,000 588,000

* OCI means Other Comprehenssive Income

The actual return which is $210,000 would increase the fair value of the asset at the end of the year. However, this will not be recognised in the income statement

This type of return on Plan Assets after a new valuation has been carried out at the end of the year will be treated as as a 're-measurement' and recognised in other comprehensive income.

This is usually the difference between the new value (end of the year fair value ) , and what has been recognized up to date (i.e the opening fair value balance,interest and any cash payments into or out of the plan).

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Jackson bought a commercial vehicle for his business, Cleaners Inc., and paid by check. How will he journal this financial trans

svlad2 [7]

Answer:

I think is D though I'm not sure

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3 years ago