1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
2 years ago
10

Buying insurance and investing in the future requires spending less in the present. Why is this a hard choice for many people? W

ould it be hard for you?
Business
2 answers:
andreyandreev [35.5K]2 years ago
5 0
It will be hard to purchase things
faust18 [17]2 years ago
4 0

Answer:

This would be an extremly complicated choice for certain people who want to buy something really expensive, and I really love that item! It would be hard for me as well because I might want to spend my money on something that would look nice for my house, but I need to remember that I have to invest my money and spend less.

Explanation:

You might be interested in
if i open a contract near market closing then close the contract next day does that count as day trade
Ber [7]
No. Day trading refers to trading positions that are opened and closed the same day.
7 0
2 years ago
Read 2 more answers
Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years, she will receive a bonus of $
Sergeu [11.5K]

Answer:

$4,038

Explanation:

Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows.

Present Value = Future Value  x (1/  ( 1 + interest rate ) ^ number of periods)

Present Value = 6,000 x (1/ ( 1 + 0.08) ^ 5)

Present Value  = 6,000 x 0.68058

Present Value = $4,038

4 0
2 years ago
The following errors took place in journalizing and posting transactions:
yuradex [85]

Answer:

<u>Journal 1</u>

Debit : Prepaid Expense $37,600

Credit : Cash $18,800

Credit : Insurance Expense $18,800

<u>Journal 2</u>

Debit : Dividends $18,000

Credit : Wages $18,000

Explanation:

Journal 1

The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.

Journal 2

The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.

6 0
2 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
ValentinkaMS [17]

Answer: $5,440

Explanation:

When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.

This company estimates that they will have 0.6% of credit sales uncollectible.

There are also $790,000 in sales of which all are on credit.

The Uncollectible estimate is therefore,

= 790,000 * 0.6%

= $4,740

This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.

= 4,470 + 700

= $5,440

Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.

6 0
3 years ago
Sheffield Corporation has 84,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to s
aliya0001 [1]

Answer: Please check in the explanation column for answer

Explanation: The entries on the appropriate dates to record the declaration and payment of cash dividend in Sheffield Corporation  is given as

Nov 1.

Debit: Cash Dividends 84,000

Credit: Dividends Payable 84,000

Dec 31.

Debit: Dividends Payable 84,000

Credit: Cash 84,000

7 0
2 years ago
Other questions:
  • What is the current GDP? (Gross Domestic Product)
    12·1 answer
  • When there are many producers and many consumers in an​ economy, the best way to achieve an efficient allocation of resources is
    10·1 answer
  • Each month the Census Bureau carries out the Current Population Survey (CPS) (which has been carried out every month since 1940)
    15·1 answer
  • Kansas Enterprises purchased equipment for $73,500 on January 1, 2018. The equipment is expected to have a five-year life, with
    6·1 answer
  • Substitutes have a(n): Please choose the correct answer from the following choices, and then select the submit answer button. in
    5·1 answer
  • Na mais estreita definição da palavra, um empreendedor é o indivíduo que empreende, ou seja, que busca realizar a tarefa difícil
    12·1 answer
  • Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and
    15·1 answer
  • Where would you find the Create Table Dialog Box?
    9·1 answer
  • Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing faci
    7·1 answer
  • Heinz changed the packaging of its ketchup, switching from a glass bottle to a plastic bottle. Since the bottle was squeezable,
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!