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2 years ago

What are the pros and cons of putting your money into your superannuation?

1 answer:

3 0

One way to make the most of your money is to put any you have left over into your super
For many people, this is a tax effective way to save for the long term.

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Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select

Wewaii [24]

Answer:

Explanation:

The adjusting entries are shown below:

1. Supplies expense A/c Dr $370

To supplies A/c $370

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies balance - supplies on hand

= $570 - $200

= $370

2. Insurance expense A/c Dr $190

To Prepaid Insurance $190

(Being prepaid insurance is adjusted)

3. Salaries expense A/c $1,280

To Salaries payable A/c $1,280

(Being salary is adjusted)

The salaries expense is computed by

= Total five days × number of days ÷ total number of days

= $3,200 × (2 ÷ 5)

= $1,280

4. Electricity expense A/c Dr $270

To electricity payable A/c $270

(Being electricity usage is adjusted)

7 0

3 years ago

Each member of a cartel faces a temptation to cheat on the agreement because lowering its price slightly below the established p

ryzh [129]

Answer:

True

Explanation:

This is probably one of the greatest issues that cartels around the world face, since their agreements are difficult to maintain because it is very difficult to control the price and output policies of its members.

Even the largest cartel in the world, the Organization of the Petroleum Exporting Countries (OPEC), has problems when it comes to monitoring the petroleum output of its members. When some countries need more money they just increase their petroleum production even if the rest of the cartel doesn't agree with it.

6 0

3 years ago

Bank Reconciliation

Karo-lina-s [1.5K]

Answer:

Cash balance according to the bank $23,557.98

+ deposits in transit $12,125.25

- outstanding check N⁰ 124 ($62)

- outstanding check N⁰ 125 ($42)

- outstanding check N⁰ 129 ($1,250)

adjusted bank balance = $34,329.23

Cash account balance $51,596.88

+ note collected by bank $15,250.75

- NSF check ($23,475.40)

- Bank fees ($250)

- Error in recording check N⁰ 125 ($9,000)

adjusted cash account balance = $34,122.23

two errors were detected:

outstanding check N⁰ 125 correct amount is ($24)
bank fees are $25

so the readjusted balances are:

adjusted bank balance = $34,329.23 + ($42 - $24) = $34,347.23

adjusted cash account balance = $34,122.23 + ($250 - $25) = $34,347.23

now both accounts are equal.

5 0

3 years ago

Which of the following is NOT a factor in preparing to be the best professional possible?

bija089 [108]

Answer:

a) signing the most lucrative contract you can upon graduation

Explanation:

A best professional should be deal with a person who earned from their professional activity. It is always be in benefit of a public interest and the society at a whole

Here in the given situation, the option B, C and D denotes the best professional but option A is not a factor as you cant get the lucrative contract when you are on graduation level

Therefore the same is to be considered

5 0

2 years ago

Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters

svet-max [94.6K]

Answer:

The production plan for Q3 is 208,000 units of supermix.

July 64,000

August 70,000

September 74,000

The Raw materials requirement for Q3 is 218 cc of solvent H300

July 23,000

August 111,000

September 84,000

The detailed presentation is in the attached document

7 0

3 years ago