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3 years ago

Why is it important to start investing for retirement at an early age?

1 answer:

5 0

So you are more experienced when making future investments, you have more positive spending habits and can afford things other may not be able to at that age.

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Laurie owns a Pluto X20 convertible. She has owned several other Pluto cars over the years. She has even convinced several famil

VikaD [51]

Answer:

Correct option is A.

Explanation:

Laurie's engagement with Pluto automobiles best illustrates <u>brand loyalty.</u>

Brand loyalty is defined as positive feelings towards a brand and dedication to purchase the same product or service repeatedly now and in the future from the same brand, regardless of a competitor's actions or changes in the environment.

Same is the case with Laurie, even she had a bad experience at the dealership even then she decide to buy a Pluto Y20 for her daughter.

3 0

3 years ago

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed

jeka57 [31]

Answer:

$1,290,000

Explanation:

Given that,

Cash flow to creditors = -$85,000

Cash flow to stockholders = $170,000

Firm’s net capital spending for 2018 = $1,250,000

Firm reduced its net working capital investment by $45,000

Cash Flow from Assets:

= Cash Flow to Creditor + Cash Flow to Stockholders

= -$85,000 + $170,000

= $85,000

Cash Flow from Assets = OCF - Net Capital Spending - Change in Net Working Capital

$85,000 = OCF - $1,250,000 - (-$45,000)

OCF = $85,000 + $1,250,000 - $45,000

= $1,290,000

3 0

3 years ago

On January 1, 2020, Pina Corporation sold a building that cost $263,240 and that had accumulated depreciation of $101,140 on the

Firlakuza [10]

Answer:

Gain from sale = $23,067

Explanation:

the none interest bearing note must be recorded at present value:

present value of the note = face value / (1 + r)ⁿ

face value = $253,240
r = 11%
n = 3

PV = $253,240 / (1 + 11%)³ = $185,167

the note receivable must be recorded at $253,240, but $68,073 will be recorded as interest revenue.

the journal entry for the transaction should be:

January 1, 2020, sale of a building:

Dr Notes receivable 253,240

Dr Accumulated depreciation 101,140

Cr Building 263,240

Cr Interest revenue 68,073

Cr Gain from sale 23,067

8 0

4 years ago

Vandy Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance

Burka [1]

Answer:

See below the statement of Cash flow from Vandy Corporation.

Explanation:

Vandy Corporation

Statement of Cash Flow

CASH FLOW FROM OPERATING ACTIVITIES:

Net Income $104

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation on Fixed Assets ($349-$319+$12) $42

Gain on Sale of Equipment ($16)

(Increase) Decrease in Current Assets:

Accounts Receivables $12

Inventory $2

Increase (Decrease) in Current Liabilities:

Accounts Payable ($1)

Accrued Liabilities ($1)

Income taxes payable $4

Net Cash provided by Operating Activities $146

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of Equipment $18

Purchase of Property, plant and equipment ($684-$550+$14) ($148)

Net Cash Flow from Investing Activities ($130)

CASH FLOWS FROM FINANCING ACTIVITIES:

Bonds Payable $13

Issuance of Common Stock $1

Payment of Dividends ($28)

Net Cash from Financing Activities ($14)

Net Increase (Decrease) in Cash $2

Opening Cash Balance $29

Ending Cash Balance $31

6 0

3 years ago

A maker of computers has decided to steeply discount all of its HyperDrive models and is considering licensing an overseas manuf

zhannawk [14.2K]

growth of manufacturing

6 0

4 years ago

Read 2 more answers