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Colt1911 [192]
2 years ago
7

Marlo is a compulsive shopper. He shops for apparel online. He wants to get rid of the habit. He seeks help from his friend Thom

as. Thomas
creates a financial plan for Marlo to follow. His goal is to curb the urge to shop and save money for college. List the steps in order that Mario

should take towards financial planning.

Determine his financial goal.

Determine Mario's current

financial standing.

Create a financial plan aiming

to save money for college.

Determine possible risks that

Mario can take.

Review and revise the plan

regularly.
Business
1 answer:
frez [133]2 years ago
8 0

Answer:

Determine Mario's current financial standing.

Determine his financial goal.

Determine possible risks that Mario can take.

Create a financial plan aiming to save money for college.

Review and revise the plan regularly.

Explanation:

Plato

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Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 2011. On the date of acquisit
melamori03 [73]

Answer:

consolidated balance sheet:

land 525,000

Explanation:

The Princeton's land will be valued at book value.

The Sheffield's land will be valued at market value as when Princeton acquired Sheffield the land was appraised at his market value.

So 500,000 x 75% = 375,000 land of Sheffield

<u>Total land:</u>

Princeton Land   150,000

Sheffield  Land <u>  375,000  </u>

              Total    525,000

6 0
2 years ago
Crowding out occurs when.
Delicious77 [7]
When what? You didn’t console it
5 0
3 years ago
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or
zubka84 [21]

Answer:

a. For each country, graph the production possibilities frontier. Suppose that without trade the workers in each country spend half their time producing each good. Identify this point in your graphs.

  • attached graph

b. Who has the comparative advantage in the production of shirts? What about for computers?

  • China has the comparative advantage in the production of shirts, while the US has the comparative advantage in the production of computers.

c. If these countries were open to trade, which country would export shirts? Give a specific numerical example and show it on your graphs. Which country would benefit from trade?

  • China would export 50 million shirts in exchange for 5 million computers (or more if they can). Trade would benefit the US since it will only need to trade 5 million computers in exchange for 50 million shirts, and it will still have 15 million computers that it can consume or trade with come other country.

d. Explain at what price of computers (in terms of shirts) the two countries might trade.

  • the minimum and maximum prices would be 5 to 10 shirts per computer. If the price of shirts per computer is 10 or near 10, then the US wins more. If the price of shirts per computer is 5 or near 5, then China wins more.

Explanation:

opportunity cost of producing 1 shirt in the US = 20/100 = 0.2 computers

opportunity cost of producing 1 computer in the US = 100/20 = 5 shirts

opportunity cost of producing 1 shirt in China = 10/100 = 0.1 computers

opportunity cost of producing 1 computer in China = 100/10 = 10 shirts

without trade:

  • total production of shirts in the US = 50 million
  • total production of computer in the US = 10 million

  • total production of shirts in China = 50 million
  • total production of computer in China = 5 million

with trade:

  • total production of computers in the US = 20 million
  • total production of shirts in China = 100 million

8 0
3 years ago
While shopping at the mall, Jane was asked by one of the sales representatives at the cosmetics counter to try out a new lipstic
gavmur [86]

Answer:<u><em> Fair price </em></u><em>is the type of a reference price that Jane is using.</em>

Here, Jane is of the opinion and how she pursues the price of the commodity in the market .i.e.  fair price is the quantity of money that it you pursue to be sensible for a commodity.

6 0
3 years ago
Peace of mind provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after th
Svet_ta [14]

Answer:

a. Cash basis - Service revenue is $900

b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)

Explanation:

In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.

In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.

Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.

4 0
3 years ago
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