A sample savings plan for a college student based on the given requirements would be:
- Daily savings: $500
- Weekly savings: $3,500
- Monthly savings: $14,000
- Yearly savings: $168,000
- It would 6 months of saving to get $84,000
<h3>What is a Savings Plan?</h3>
This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
- College fees: $30,000
- Housing: $24,000
- Food: $16,000
- Books: $12,000
- Total: $82,000
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Answer:
The additional information for this question is:
January 1, 2016 $14
December 31, 2016 15
What amount should Olympic recognize as compensation expense for 2016?
The correct answer is $50.000
Explanation:
To find this figure, we take as a reference the price of the fair value of the options that is $ 5 on the grant date, multiplied by the options on the shares totaling $ 30,000. Then, it must be divided between the award period that according to the problem is 3 years (2018-2021). This operation results in a total of $ 50,000 that should be recognized as compensation.
In some countries with very high inflation rates, citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value. Under these conditions, money is said to lack stability
Explanation:
In most situations, two main factors of a high inflation rate are present in a national economy, which in most countries at the very most. Firstly, an increase in consumer spending in comparison to supply could lead to high inflation. The prices rise when more people fought about fewer goods.
Price stability ensures that excessive inflation and deflation are prevented.
Inflation represents an increase in the overall value for money and purchasing power of products and services within an economy over a prolonged period of time. Deflation is a fall over a longer period of time in the overall price cost for goods and services.
Answer:
a. gross income test
Explanation:
because quailfying children must pass the relationship, age support, residence tests.However,there is no requirement relating to gross income for purposes of the qualifying child test.
