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3 years ago

Explain the differences b/w short term intermediate and long tern goals

2 answers:

7 0

Short term a month away
long term like year long goals

ie long term = marriage
short term = get a passing grade on test

goldenfox [79]3 years ago

5 0

Short intermediate goals are things that will not affect you long after you make them
long term goals are things like college, who you marry etc
I hope this helped

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You are going to deposit $24,500 today. You will earn an annual rate of 5.5 percent for 8 years, and then earn an annual rate of

NeTakaya

Answer:

Future value at the end of 19 years =$63,637.94

Explanation:

The Future value (FV) of an investment is the total amount (principal plus interest) that will accumulate in the future where interest is paid and compounded at a particular rate per period for a certain number of periods.

This can be done using the formula below

FV = PV × (1+r)^(n)

FV- Future Value

PV- amount invested, n- number of years, r - interest rate

The amount due after 19 years would be determined in two steps

Step 1: FV of 24,500 at 5.5% for 8 years

FV = 24,500× (1+0.055)^8 =37,599.819

Step 2 : FV of 37599.81962 invested for 11 years at 4.9% p.a

FV = ? P=37,599.81, n- 11, r- 4.9%

FV = 37,599.81 × (1.049)^11= 63,637.94

Future value at the end of 19 years =$63,637.94

7 0

3 years ago

Tangible assets are first recorded at ______. Multiple choice question. current market value or resale value the amount of cash

worty [1.4K]

Tangible assets are first recorded at costs to acquire them for use.

Tangible assets are fixed assets which is referred to as the physical assets which a company/Buisness owns to carry out its daily activities in order to create profit .

They include investments, cash, inventory, vehicles, office equipment, buildings,machines, etc

Tangible assets are very important to businesses as they

Help in business operations to provide goods and services

Serve as collateral for loans
In case of emergency, they can generate cash

Tangible assets are first recorded in the balance sheet as costs to acquire them for use.

See more here: brainly.com/question/23469284

7 0

2 years ago

Fields Cutlery, a manufacturer of gourmet knife sets, produced 20,000 sets and sold 23,000 units during the current year. Beginn

Andreyy89

Answer:

Net income under variable costing would be $429,000.

Explanation:

Under the variable costing method the most important point to understand here is that fixed cost of the previous period ( 3000 units in this case ) would not be carried over to current period. Which means that the fixed cost and cost of goods sold be less now and the profit will increase.

NET INCOME =

SALES = $ 1035,000 ( 23,000 X 45 )

(-) COST OF GOODS SOLD = ($ 391,000) ( 23000 X 17 )

( We have multiplied 23,000 units by 17 because now those fixed cost of $5 are not carried forward to this period)

GROSS CONTRIBUTION MARGIN = $1035,000 - $391,000

= $644,000

(-)VARIABLE SELLING AND ADMINISTRATION EXPENSES = ($69,000)

( $115,000 X 60% )

CONTRIBUTION MARGIN = $644,000 - $69,000

= $575,000

(LESS) FIXED COSTS = ($146,000) [ $100,000 + $46,000 ]

1) MANUFACTURING COST = 20,000 X $5

= $100,000

2) SELLING AND ADMINISTRATION EXPENSES = $115,000 X 40%

= $46,000

INCOME = $575,000 - $146,000

= $429,000

8 0

3 years ago

Demand"" is a series of prices and the related quantities that consumers are willing and able to buy at a particular ___________

Nonamiya [84]

Answer:

given price in a given time period

Explanation:

Demand is the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. Each of us has an individual demand for particular goods and services and our demand at each price reflects the value that we place on a product, linked usually to the enjoyment or usefulness that we expect from consuming it. Law of demand states that If the price of something goes up, people are going to buy less of it.The higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded. Demand is based on needs and wants a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay, you have no effective demand. What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a decrease in price will increase the quantity demanded.

7 0

3 years ago

In __________, the distinction between the working and the nonworking poor is not just about those who have jobs and those who d

Vsevolod [243]

Answer:

In politics, the distinction between the working and the nonworking poor is not just about those who have jobs and those who do not, but about those who deserve help versus those who don’t. Supposedly, the nonworking could work but choose not to. Sociologically, however, the line between the working and nonworking poor does not mean a great deal, since families cross it often, as breadwinners gain or lose employment.

Explanation:

The reason is that the politics which is the science of governing a country, says that the poor is not the one who doesn't have any job because rich people usually have their own business which earns millions of dollars and the owners don't bother whether the profit has grown or has decreased from the previous year. So the poor is the one who needs help whether he is working or not because during recession period many middle class families usually fall below the middle class family benchmark.

Furthermore, this distinction line is often crossed by families if the breadwinner who pays the utility bills, rentals, food expenses, fees, etc gets jobless. So this distinction line is not that useful as deemed. It is also harder for the researcher to define help.

8 0

3 years ago