Ask question

Ask question

All categories

3 years ago

9

lYour friend says, "I have some extra money, but I'm not sure if I should save or invest it." What key questions would you ask y

our friend to help them figure out what to do? 1

1 answer:

JulijaS [17]3 years ago

3 0

I prefer investing money you can save it too

You might be interested in

Today, most salespeople are well-educated, well-trained professionals who work to build and maintain long-term customer relation

stepladder [879]

Answer:

b. False

Explanation:

The above is false because sales people are supposed to build and maintain long term relationships with their customers by listening to and assessing their needs and not teaching their customers. Sales people create a concerted effort towards solving those needs experienced by their customers.

A salesperson represent the image of the company he or she is selling for, hence must be professional and well trained because the company gets profit through his interactions with the customers. This means that before the company gets profit, customers must be satisfied because these salespeople act as critical link between the company and its customers.

4 0

4 years ago

The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The follo

Inessa05 [86]

Answer:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

Explanation:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

<u>Dividends payable a/c</u>

<u>Particulars Amount Particulars Amount</u>

Balance b/d $ 13,000

Dividend paid (Cash) $ 54,500 Dividend declared $57,000

Balance c/d $ 15,500

$ 70,000 $ 70,000

Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

8 0

3 years ago

Ethics is so important in financial accounting and reporting that the government has passed a law regulating ethical actions of

devlian [24]

<span>Ethics is incredibly important when it comes to financial reporting and accounting, so important that the government saw fit to pass a law that regulates the actions of businesses and how ethical they are when it comes to how they report. The reason that ethics is so very important when it comes to the economy of the country is because if there is a reason to believe that companies are using unethical practices in reporting, it allows investors and creditors to back away and not offer any more financial backing.</span>

7 0

4 years ago

Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co

Anna71 [15]

Credit to the investment account for $8,000. The consolidated financial statements would therefore be necessary once one firm acquired 50% or more of the voting capital of another company. A parent-subsidiary relationship is created as a result of consolidation, with the parent business assuming ownership of the stock.

Investment account:

When you consider investing, a cash account is likely the type of Investment account that comes to mind. You fund a cash brokerage account by making a deposit, and you then utilise the money to purchase securities.

Cash and assets (stocks, bonds, ETFs, mutual funds, etc.) that you buy and sell to reach your financial objectives are kept in an investment account. Trading accounts for individual investors are managed by dealers and their representatives who are registered investment advisors.

There are four basic asset classes, or investment categories, from which you can select. Each has unique qualities, dangers, and advantages.

Learn more about Investment account here:

brainly.com/question/22094328

#SPJ4

7 0

2 years ago

George and Margaret Wealthy are in the 42 percent tax bracket, considering both federal and state personal taxes. Norman Briggs,

den301095 [7]

Answer:

Wealthy's tax bill stand reduced by $168,000

Explanation:

These donations amount for complete deduction.

Income before deduction = $3,000,000

Tax rate = 42%

Therefore tax before deduction = $3,000,000 $\times$ 42% = $1,260,000

Since the donation is completely deductible:

Income after deduction = $3,000,000 - $400,000 = $2,600,000

Tax thereon:

$2,600,000 $\times$ 42% = $1,092,000

Reduction in tax paid = Tax paid without donation - Tax paid after donation

= $1,260,000 - $1,092,000 = $168,000

8 0

3 years ago