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3 years ago

What are three components of money management? List and explain each component.

Business

1 answer:

Solnce55 [7]3 years ago

3 0

Answer:

Management, Monitoring, and Maintenance.

Explanation:

They can help you get your finances under control and have some well-deserved peace of mind. Management One of the best things you can do to get the most out of your money is to manage it more closely.

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Which is an advantage corporations enjoy over partnerships?

Trava [24]

The owners of a corporation don't have to work together to make all of the business decisions.

An advantage of corporations enjoy over partnerships is that the owners of a corporation don't have to work together to make all of the business decisions, while this is true for partnership. Partnership generally has more money to invest in starting or expanding a business.

3 0

4 years ago

On January 1, 2021, the Marjlee Company began construction of an office building to be used as its corporate headquarters. The b

zhannawk [14.2K]

Answer:

$105,000

Explanation:

The computation of interest capitalized in 2021 is shown below:-

Average cost of borrowing

= ($2,000,000 × 0.09 + $4,000,000 × 0.06) ÷ $6,000,000

= ($180,000 + $240,000) ÷ $6,000,000

= 7%

Average expenditure during year = $6,000,000 ÷ 2

= $3,000,000

Capitalized interest first eats up the specific construction loan

= 10% × $1,500,000

= $150,000

Therefore the next $1,500,000 is at the average borrowing rate = Construction loan × Average cost of borrowing

= $1,500,000 × 7%

= $105,000

5 0

4 years ago

According to the afl-cio 2009 report, death on the job: the toll of neglect, “the full extent of occupational injuries and illne

Dmitriy789 [7]

This fact indicates that a number of the injuries and illnesses taking place while working are not being reported faithfully. This might be due to a reticence on the part of the employees regarding being found out about working while sick, or it could be that businesses are worried about excess costs associated with workplace injuries.

3 0

3 years ago

2. You retire at age 60 and expect to live another 23 years. On the day you retire, you have $568,900 in your retirement savings

hichkok12 [17]

Answer:

The monthly withdrawals are $3,537.85 and will last for 23 years.

Explanation:

We have to calculate the monthly installment of an annuity:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 568,900.00

time 276 (23 years x 12 months)

rate 0.004333333 (5.2% = 5.2 / 100 = 0.052 per year we now divide by the 12 months of a year and get the rate for monthly withdrawals.

$568900 \div \frac{1-(1+0.00433)^{-276} }{0.00433} = C\\$

C $ 3,537.85

5 0

3 years ago

Recording the Early Retirement of a Bond Issued at a Premium (with Premium Account) LO10-7 Several years ago, Cyclop Company iss

Vanyuwa [196]

Answer:

Date Account Titles and Explanation Debit Credit

Bonds payable $1,000,000

Loss on retirement of bond $13,000

[$1,050,000 - $1,037,000]

Premium on bond $37,000

Cash (1,000,000*105%) $1,050,000

(Record the retirement of the bonds, using a premium account)

3 0

3 years ago