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ryzh [129]
3 years ago
14

At your workplace, you have been asked to give a presentation to your co-workers regarding their retirement options. Write a spe

ech which
advises them about planning for their futures
Business
1 answer:
3241004551 [841]3 years ago
7 0

Answer:

Greetings, fellow companions. Today I want to talk to you about preparing for the future, for retirement, or anything else in your lives. Please listen carefully as we might save money, but not plan our life. The first factor that makes planning our future so important is that we all have things we want to do in our lives, but not having a strategy separate us from reaching our goals. The second factor that makes me talk about this is that majority of us are not prepared for what the future might have for us. Therefore we need to reduce our risks and our exposure to the events that are most likely going to be part of our life, like paying for our children's college or building a family business. Therefore, I invite you to plan your future, because if we don't do it. We are not going to be able to accomplish our goals.

Explanation:

The reasons backing my answer are that in the first place planning for the future is not very common, even though when we have savings accounts or retirement funds accounts. However, that is only a part of the whole process. Because we might not have seen the full picture to know exactly what are our requires steps to accomplish our goals. For example, if we want a strawberry farm that could provide money for our family, and their children we need to have the land, the knowledge, and the plans to develop our goal. Because if we only save and leave the planning for later. We might overwait, and when never take the first step. What would be the case if a strawberry farm would cost only fifty thousand dollars, and we keep working until we have five hundred thousand. We might have more money but we would have no plan, and we might have time past so far that we might help the children with the farm.

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Which of the following is true about corporate cultures?a. Corporate cultures are not influenced by the people comprising that o
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Answer:

Corporate cultures can hinder individuals in making the "right" decisions.-c.

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3 years ago
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Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.1. The likeliho
Setler [38]

Answer:

1. The likelihood of a payment occurring is probable, and the estimated amount is $1.14 million.

  • Dr Law suit loss 1,140,000
  •     Cr Law suit liability 1,140,000

2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.94 to $1.14 million.

  • Dr Law suit loss 940,000
  •     Cr Law suit liability 940,000

US GAAP allows companies to record probable losses at lowest estimated value.

3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.14 million.

  • no journal entry is required, only a disclosure in the footnotes of the financial statements.

A contingent liability (or loss) that is only possible, but not probable, does not need to be journalized and recorded. It only needs to be disclosed in the footnotes of the financial statements.

4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.14 million.

  • no journal entry is required

A contingent liability (or loss) that is remote, does not need to be journalized or recorded, nor included in the footnotes of the financial statements.

6 0
3 years ago
Depreciation for a tax-paying firm:_________.
r-ruslan [8.4K]

Answer: a) increases expenses and lowers taxes.

Explanation:

Depreciation accounts for the wear and tear in fixed assets over their period of use. It is accounted for every period in the Income Statement as an expense which means that its addition increases the business's expenses.

It does that the advantage of being tax deductible however. This then means that it can be subtracted from Net Income for tax purposes. When that is done, it will reduce the Net Income thereby reducing the amount of taxes that can be charged on the company.

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3 years ago
Orr Co. prepared an aging of its accounts receivable at December 31 and determined that the net realizable value of the receivab
lyudmila [28]
  • With all these entries registered the final balance of the Allowance for Uncollectible Accounts  it's as follows:

Answer:

  • For the year ended December 31, Orr’s uncollectible accounts expense is

Cr Allowance for Uncollectible Accounts  $ 10.000

Explanation:

  • The initial balance of the account was as follows:

Cr Allowance for Uncollectible Accounts  $ 28.000

  • Accounts written off as uncollectible during the year 23,000 , it means that part of the balance of the account, "Allowance for Uncollectible Accounts" was used to record the written-off accounts, this movement had a negative impact in the Accounts Receivable.

Dr Allowance for Uncollectible Accounts $ 23.000  

Cr Accounts Receivable                    $ 23.000

  • During the year, the company recovered part of the canceled accounts, which means that part of that amount was collected, so it is necessary to reverse the previously registered entry.

Dr Accounts Receivable                                $ 5.000  

Cr Allowance for Uncollectible Accounts  $ 5.000

  • With all these entries registered, the final balance of the Allowance for Uncollectible Accounts  is as follows as credit balance:

Cr Allowance for Uncollectible Accounts  $ 10.000

Accounts Uncollectible are those credit that the company give and there are not chances of been collected.

When the customers buy products on credits but then the company can't collect the debt, then it's necessary  to write off the unpaid bill as uncollectible .

One way it's to write-off directly the bad debts at the moment decided that the credit are uncollectible, the total amount  it's reported as bad debt expenses which affect negativly the income statement and the accounts receivable are reduced in the same amount, less assets.

The other way it's to determine a percentage of total amount of accounts receivables as uncollectible, exist many ways to analize the accounts receivable and figure the value of uncollectible.

When the company have the percentage of uncollectible accounts the journal entry required is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the moment of the write-off as the expenses were before recognized we only use the Allowance for Uncollectible Accounts (Debit) with Accounts Receivable (Credit), with this we are recognizing the uncollectible credit of the company.

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3 years ago
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andrezito [222]

Answer:

A. Smoothing

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The smoothing approach is a conflict resolution technique that occurs when the project manager seeks to resolve the conflict by seeking an agreement that is beneficial to everyone, that is, seeking to reach consensus on a certain situation to mitigate divergences and thus focus back to work and not conflict.

This technique is a quick solution for the resolution of conflicts that is generally effective in the short term, because the conflict, even if it exists, is left aside while there is a viable solution, such as what happened in the question, that despite the two managers want the team member working for him full time, each of the managers gave in to have the employee working part time for each one.

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