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3 years ago

Dave Ramsey's investing principles.

Business

1 answer:

emmasim [6.3K]3 years ago

4 0

Answer:

Here is Dave's investing philosophy: Get out of debt and save up a fully funded emergency fund. Invest 15% of your income in tax-favored retirement accounts. Invest in good growth stock mutual funds

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When one firm is able to dominate the market and no other firm is able to enter the market, a(n) ______________ has formed.

matrenka [14]

B. Monopoly is the correct answer

3 0

3 years ago

According to the Core Reading, which of the following is NOT a threat presented by rising income inequality? Select one: a. High

Vilka [71]

Answer:

Option B

Explanation:

In simple words, Income inequality refers to the severe imbalance in wealth levels typically in the possession of a limited minority of a community with a large accumulation of wealth.

If wealth disparity exists, there is indeed a wide difference in the resources of one group of the society and that of another. Specific forms of discrimination and study of wage differences should be used to explain economic inequality.

Thus, from the above we can conclude that the correct option is B .

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2 years ago

Hughes Corporation is considering replacing a machine used in the manufacturing process with a new, more efficient model. The pu

pogonyaev

Answer:

50,000

Explanation:

Hughes Corporation can calculate the incremental cash outflow required to acquire the new machine by just deducting the sales proceeds from the cost of the new machine.

DATA

New machine = $150,000

Old machine = 100,000

Cash outflow per year (18,000 - 10,000) = 8,000

Salvage value = 25,000

Annuity factor = 8%

Solution

Incremental Cash outflow = Cost of new machine - Sales proceeds from old machine

Incrementa Cash outflow = 150,000 - 100,000

Incremental Cash outflow = $50,000

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3 years ago

Oriole Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $65

labwork [276]

Answer:

Explanation:

The journal entries are shown below:

Using net method:

1. Notes receivable A/c Dr $650,000 ($659,900 - $9,900)

To Sales revenue A/c $650,000

(Being the sale is recorded)

2. Cost of goods sold A/c Dr $460,000

To Inventory A/c $460,000

(Being cost of goods sold is recorded)

3. Cash A/c Dr $659,900

To Notes receivable $650,000

To Discount forfeited $9,900

(Being received payment is recorded)

Using gross method:

1. Notes receivable A/c Dr $650,000 ($659,900 - $9,900)

To Sales revenue A/c $650,000

(Being the sale is recorded)

2. Cost of goods sold A/c Dr $460,000

To Inventory A/c $460,000

(Being cost of goods sold is recorded)

3. Cash A/c Dr $659,900

To Notes receivable $659,900

(Being received payment is recorded)

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3 years ago

When the prisoners' dilemma game is generalized to describe situations other than those that literally involve two prisoners, we

Darina [25.2K]

C. can be difficult to maintain, even when cooperation would make both players of the game better off.

The Prisoner's Dilemma is a paradox that attempts to explain why two rational decision makers working in their own best interest might not cooperate with someone else even if it ultimately would be better for both of them.

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2 years ago