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2 years ago

A budgeting strategy of setting aside at least 10% of after-tax income for saving and investing.

1 answer:

3 0

Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.

The term called "Pay yourself first" means a finance strategy which helps to increase and ensure consistent savings and investment.

The goal of the budgeting strategy called "Pay yourself first" helps to ensure income is first saved or invested before the expenses start to decline the income..

In conclusion, Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.

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Provided other eligibility requirements are met, who is eligible for Medicare?

alexandr1967 [171]

Answer:

Generally, Medicare is available for people age 65 or older, younger people with disabilities and people with End Stage Renal Disease (permanent kidney failure requiring dialysis or transplant). You or your spouse had Medicare-covered government employment.

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3 years ago

Ivanhoe Windows manufactures and sells custom storm windows for three-season porches. Ivanhoe also provides installation service

Anna71 [15]

Answer:

Ivanhoe Windows

a. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Installation Revenue $450

To record the completion of installation service.

b. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,896

Credit Unearned Revenue $24

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Debit Unearned Revenue $24

Credit Installation Revenue $474

To record the completion of installation service.

c. If Geraths is unable to develop a reliable estimate for the fair value of the installation:

Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Sales Revenue $450

To record the completion of installation.

Explanation:

a) Data and Calculations:

July 1, 2020, Contract Price = $2,370

Standalone selling price of window = $1,920

Cost of the window = $1,120

Standalone selling price of installation service = $590

Attributed selling price of installation service = $450 ($590 = $140)

b) Estimated standalone value of the installation = estimated cost + 20% on cost

= $400 + 20% = $480 ($400 * 1.2)

Separate performance values:

Sale of window = $1,920 = $1,896 ($1,920/$2,400 * $2,370)

Installation = 480 = 474 ($480/$2,400 * $2,370)

Total = $2,400 = $2,370

c. If Ivanhoe Windows is unable to develop a reliable estimate for the fair value of the installation, both payments received will be attributed to the Sales Revenue without identifying separate performance values.

6 0

3 years ago

Alice's pasta kitchen makes quality pasta and sells its products to customers in other countries. this is an example of ___

ololo11 [35]

Exporting. Exporting means sending goods or services produced in one country to another country. This is usually carried out with the intention of boosting revenue. Alice, in this instance, is referred to as an exporter; Exporting has a direct influence on a country's economy including but not limited to improving untapped markets, lower unit cost, minimising the effects of seasonal fluctuations in sales and many more.

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3 years ago

Only people who own property need insurance true or false

MAVERICK [17]

Answer:

false

Explanation:

pretty sure that is false as one can have life insurance without property.

Still double check...

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3 years ago

Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not

snow_tiger [21]

7. Option b. Consideration is mutual i.e. both parties get something in the return for the performance of the contract. However, Esmeralda has not given consideration in exchange.

Esmeralda was given the chance to audition for the Performing Arts High School which she succeeded in. She then moved to New York and attended School, studying drama and dance.

Esmeralda Santiago wrote her autobiography "When I Was Puerto Rican" which narrates her and her family's life moving from Puerto Rico to America. The book also follows the Puerto Rican girl through the many obstacles that she had to endure and overcome to change her life.

Learn more Esmeralda at

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2 years ago