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2 years ago

What is the difference between resignation and retirement?

Business

2 answers:

Viefleur [7K]2 years ago

6 0

Resignation means you are leaving a work by your wills and retirement mean you cannot work because of age or something

mojhsa [17]2 years ago

5 0

Resign means you leave the job, retire means you legally cannot work till you come out of retirement

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Sneed Corporation issues 9,700 shares of $49 par preferred stock for cash at $66 per share. The entry to record the transaction

NARA [144]

Answer:

a.Preferred Stock for $475,300

and Paid-In Capital in Excess of Par—Preferred Stock for $164,900.

Explanation:

The par value it's a minimum price that the company assigns to the issued shares only to be used in the accounting system but it's not related to market price.

This par value will be shown as a separate value in the section of stockholders' equity, reported under the item Paid-in-Capital, the difference with the market price it's reported as Preferred Stock.

Cash $640.200 Debit

Preferred Stock $475.300 Credit

Paid-In Capital in Excess of Par—Preferred Stock $164.900 Credit

7 0

3 years ago

What is the opposite of a non convertible currency?

Cerrena [4.2K]

The opposite of a non convertible currency would be a convertible one

3 0

3 years ago

Use the following items to determine the toata assets ,total liabilities , net worth , total cash inflows and total cash outflow

kicyunya [14]

Answer:

Determining the total assets, total liabilities, net worth, total cash inflows, and total cash outflows:

1. Total assets

Cash in checking account $ 450

Savings account balance $ 1,890

Current value of automobile $8,800

Household possessions 3,400

Video equipment $ 2,350

Personal computer $ 1,200

Value of stock investment 860

Total assets $18,950

2. Total liabilities

Rent for the month $ 650

Balance of educational loan 2,160

Credit card balance $ 235

Total liabilities $3,045

3. Net worth

Total assets $18,950

Total liabilities ($3,045)

Net worth $15,905

4. Total cash inflows

Monthly take-home salary $ 2,185

5. Total cash outflows

Spending for food $ 345

Telephone bill paid for month 65

Loan payment 80

Auto insurance $ 230

Payment for electricity 90

Lunches/parking at work $ 180

Donations 160

Clothing purchase $ 110

Restaurant spending 130

Total cash outflows $1,390

Explanation:

a) Data and Calculations:

Rent for the month $ 650

Monthly take-home salary$ 2,185

Spending for food $ 345

Cash in checking account$ 450

Savings account balance $ 1,890

Balance of educational loan 2,160

Current value of automobile $8,800

Telephone bill paid for month 65

Credit card balance $ 235

Loan payment 80

Auto insurance $ 230

Household possessions 3,400

Video equipment $ 2,350

Payment for electricity 90

Lunches/parking at work $ 180

Donations 160

Personal computer $ 1,200

Value of stock investment 860

Clothing purchase $ 110

Restaurant spending 130

3 0

3 years ago

Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by?

Marina86 [1]

Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by Multiplying marginal product by product price.

A competitive marketplace is a term in economics that refers to a market in which there are a large quantity of customers and sellers and no single customer or seller can have an effect on the marketplace. competitive markets haven't any limitations to entry, plenty of consumers and sellers, and homogeneous products.

Summary. The version to take a look at supply and call for is known as the competitive market version. within the aggressive marketplace, we assume products are homogeneous, and there may be no supplier or purchaser energy.

A free market is a market that has restrained government involvement. marketplace systems can normally be divided into four types. a wonderfully competitive market is one wherein there are a big number of small firms promoting identical products.

Learn more about the competitive market, here:

brainly.com/question/25717627

#SPJ4

5 0

2 years ago

Jay received the following fair market value amounts during the current year: Interest on Montgomery County bonds (used to build

UNO [17]

Answer:

$300

Explanation:

Given that :

Jay received the following fair market value amounts during the current year:

Interest on Montgomery County bonds

(used to build a bridge) $100

Interest on U.S. Treasury notes $200

Gain on sale of Montgomery County bonds $300

Common stock dividend in IBM Corporation

- common stock (no cash option) $400

From the above amounts that Jay received during the current year;

The following are free from an obligation and liability imposed as a result of tax.

1. Interest on Montgomery County bonds (used to build a bridge)

2. Interest on U.S. Treasury notes

3. Common stock dividend in IBM Corporation common stock (no cash option)

So; we can say they are not taxable

BUT only Gain on sale of Montgomery County bonds which is $300 only taxable

Thus, The amount of taxable income Jay should report from the above amounts is $300

6 0

3 years ago

What is the difference between resignation and retirement?​

What is the difference between resignation and retirement?