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3 years ago

2. As a teenager, why might creating a budget be important?

2 answers:

6 0

A budget can help teens start to discern between genuine needs and wants and will show them where their money is going each month. A good budget will provide for both needs and at least some wants and should be flexible and relatively easy to use and understand.

navik [9.2K]3 years ago

5 0

Creating a budget allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you.

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On June 30, 2020, Sage Company issued $3,551,000 face value of 13%, 20-year bonds at $3,818,140, a yield of 12%. Sage uses the e

Lubov Fominskaja [6]

Answer: See attachment

Explanation:

The journal entry to record the transactions has been attached.

1. The issuance of the bonds on June 30, 2020.

Debit Cash $3818140

Credit Premium on bonds payable $267140

Credit Bonds payable $3551000

(2) The payment of interest and the amortization of the premium on December 31, 2020.

Debit Interest expense $229088.4

Debit Premium on bonds payable $1726.6

Credit Cash $230815

(3) The payment of interest and the amortization of the premium on June 30, 2021.

Debit Interest expense $228984.8

Debit Premium on bonds payable $1830.2

Credit Cash $2380815

(4) The payment of interest and the amortization of the premium on December 31, 2021.

Debit Interest expense $228975

Debit Premium on bonds payable $1940

Credit Cash $230815

4 0

3 years ago

Mark goes to Tony's Lumber Yard to buy some lumber to build a new roof for his cabin. Mark tells Tony, the lumber yard owner, to

musickatia [10]

Answer: Tony has explicitly breached the Implied Warranty of Fitness for a particular purpose.

Explanation: the Implied warranty of fitness for a particular purpose takes effect when a buyer specifically asks a seller for a product that can be used for a particular purpose.

Because Mark (buyer) requested for the exact type of wood that can resist wood decay caused due to the damp environment of his cabin and Tony (seller) sells Mark lumber while assuring him that it's what he is looking for. Tony's assurance to Mark is known as the Implied warranty of fitness for a particular purpose, and since the wood is affected by dampness and caves then Tony has explicitly breached the warranty.

5 0

3 years ago

Your accounting manager has decided that a behavioral interview to select accountants will solve many hiring problems. What can

Rashid [163]

Explanation:

A behavioral interview would have been more suitable than an interview even though the applicants use a benchmark from previous experiences. A situational interview is more about the possible actions of the individual in a situation. This might predict what the claimant is going to do in the future in a current situation.

The interviewing line will be focused on the applicant's experience of an past event involving the applicant. As the conversation begins, the line of question will naturally change. Studies have found that execute interviews better determine work performance. This is a useful tool to assess which candidate is best suited for the job.

4 0

4 years ago

How do you do 3 9/10 + 6.5

EastWind [94]

Turn the decimal in to a fraction then ding the common denominator and add don't forget to simplify

7 0

4 years ago

Suppose in a recent quarter, Alliance Atlantis Communications Inc. reported net cash provided by operating activities of $45,600

GaryK [48]

Answer:

Free cash flow = $44,000,000.

Explanation:

<em>Free cash flow represents the amount that is left to all the providers of capital after the payment of all all operating expenses, working capital and investment in fixed asset expenditures.</em>

It is computed as cash flow made from operation less capital expenditures

For Atlantic Communications

Free cash flow = $45,600,00 - $1,600,000

= $44,000,000.

Free cash flow = $44,000,000.

5 0

3 years ago