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harkovskaia [24]
3 years ago
14

One of the hardest things about handling money is balancing short-term needs and wants with long-term needs and wants. How can y

ou save money in an interest-bearing account when you need every penny to pay for school loans, car loans, rent, and utilities? Write one paragraph that explains why thinking about the future might be important even when you're having a hard time managing the present
Business
1 answer:
Kay [80]3 years ago
6 0
Opening an interest-bearing account is a form of investment. Deciding on opening it means that you are a business minded person. A business person knows how to leverage their income. In leverage income, there are 2 sides: linear income and residue income. Linear income means you work to get paid while in residue income, your money works for you. There's nothing wrong with both sides except the time and effort exerted to get an income. Sacrifice is one of the important keys to have residual income even in linear but if the goal is to have a better future, then sacrifice is one big obstacle to overcome.
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Danielle vwill be offering a tool sharpening service at her garden and landscaping stor on the first Tuesday of every month She
lorasvet [3.4K]

Answer:

b. customer relationships

Explanation:

Based on the information provided within the question it can be said that in this scenario Danielle is addressing the element of customer relationships. This term refers to the ways that a company or individual engages with the customers in order to improve the experience that those customers have with the company. This leads to good customer experience which creates customer loyalty and thus increases sales.

8 0
4 years ago
The board of directors of Benson Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15
Helga [31]

Answer:

D. Debit to Dividends Payable.

Explanation:

The first thing we have to keep in mind is that dividends are liabilities, that is, they represent cash outflows for the corporation. In the example, we can distinguish two moments: the declaration of a cash dividend and its effective distribution. Next, we will analyze them from an accounting point of view:

  • On July 15, 2014, Benson Company declared a cash dividend. In accounting terms, on that day the “Retained Earnings” account was debited. Remember that this account is the one that records the profits that the company has obtained to date. So, what was done was to <em>subtract</em> that part that is to be distributed among stockholders. This amount is then transferred to a current liability account called “Dividends Payable”. In this case, money was <em>added</em>, therefore, the account was credited.

  • On August 15 dividends were distributed. That day, the "Dividends Payable" account was debited, or, in other words, its money was <em>discounted</em>, because it is now in the hands of shareholders.
8 0
3 years ago
A company has total accounts receivable of $500,000 for the year and it estimates that uncollectible accounts will be 3% of acco
antiseptic1488 [7]

Answer:

Option (d) is correct.

Explanation:

Given that,

Total accounts receivable = $500,000

Credit balance of Allowance for Doubtful Accounts = $2,000

Estimates uncollectible accounts:

= 3% of accounts receivable

= 0.03 × $500,000

= $15,000

The closing balance after adjustment is the latest estimates:

= 3% of accounts receivable

= $15,000

$15,000 includes both the opening credit balance of allowance for doubtful accounts worth of $2,000 and the current year adjustment of $13,000.

6 0
4 years ago
Madeline is a research assistant for her favorite biology professor, Dr. Ogechi. Dr. Ogechi is interested in studying the effect
AlexFokin [52]

Answer:

D

B

Explanation:

ceteris paribus is a Latin phrase that means all other things being equal. It means that other variables are unchanged.

For example, according to the law of demand, all other things being equal, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

For this law to hold, it is assumed that consumers tastes do not change or income do not change. If the income of a consumer changes and prices increases, the consumer would be able to buy more of a good at the higher price.

In order to isolate the effects of one particular variable in the physics experiment, she has to make sure the incline is the same angle for each trial. If the incline is different, it might affect the results of the experiment

3 0
3 years ago
How does simple interest differ from compound interest?
KengaRu [80]

Answer:

The correct answer is letter "C": Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.

Explanation:

Interest may be <em>simple </em>or <em>compounded</em>. In general, simple interest is expressed as a percentage of the principal amount of a loan. It is calculated by <em>multiplying a loan's principal amount by the interest rate and the number of payment periods</em>. Compounded interest accrues on the principal amount of a loan and the interest accrued from previous periods. To calculate it <em>multiply the principal by the interest rate plus one (1), raised to the number of compound periods minus one (1).</em>

4 0
3 years ago
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