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3 years ago

Financial planning involves building wealth in a short period of time True False

Business

1 answer:

Artist 52 [7]3 years ago

3 0

Answer:

I think its true, have an amazing day :D

Explanation:

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Which of the following government offices help individuals fund their college education?

devlian [24]

Office of federal student aid

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3 years ago

Read 2 more answers

The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June

Mazyrski [523]

Answer:

D.) debit Supplies Expense. $5,500; credit Supplies, $5,500

Explanation:

First, let's talk about the amount.

On June 2 they purchased supplies worth $6,500 and recorded it as an ASSET. Debited on "Supplies" Account

Then on June 30, only $1,000 is on hand. That means that $5,500 worth of supplies must have been used (Solved as 6,500 less 1,000)

Now, the entry should reduce the "Supplies" Account since there were only $1,000 left. So it's correct to credit Supplies for $5,500 to reduce $6,500 into $1,000 worth.

The corresponding debit would consequently be "Supplies Expense" since $5,500 worth of supplies was used for the month.

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3 years ago

Balls and Bats, Inc. purchased equipment on January 1, 2005, at a cost of $100,000. The estimated useful life is 4 years with a

BigorU [14]

Answer and Explanation:

The computation of two different depreciation schedules is shown below:-

a. Using the Double-declining balance method

Year Equipment Cost Depreciation rate Amount

2005 $90,000 50% $45,000

2006 $45,000 50% $22,500

2007 $22,500 50% $11,250

2008 No depreciation as it is lower that straight line method that is $22,500 also we took the double rate of 25% so we consider 50%

b. Using the straight line method

Straight Line Depreciation Method:

$100,000 - $10,000

= $90,000

Year Equipment Cost Depreciation rate Amount

2005 $90,000 25% $22,500

2006 $90,000 25% $22,500

2007 $90,000 25% $22,500

2008 $90,000 25% $22,500

Depreciation rate is

= 1 ÷ 4 years

= 25

2. The double declining method reduced the net income while the straight line method increased the net icnome

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4 years ago

What tools can you use consistently use to resolve value conflicts?

7nadin3 [17]

Answer:

Value conflicts can be defined as the issues which arose when the standard or predicted results are not achieved.

Explanation:

In an organization, a values conflict might arise if decisions are made or actions taken that result in compromising a stated value. Tools to resolve value conflicts.

Ignorance: Ignorance can be useful sometimes. If a mistake is too small which can be ignored or which has not that much affect on the concern topic then it is necessary to ignore.

Mediate it: Sometimes, the small or unnecessary things turn into a big issue which can be dangerous if not mediate properly. Thus correct and timely mediation is a required factor to resolve value conflict.

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3 years ago

The idea that as the quantity of an input increases, the additional output decreases (holding all else constant is called the La

Alina [70]

It is called the law of demand and supply whereby when the supply of commodity increases, the need reduces. The market becomes flooded with the items while the number of customers is constant. Moreover, when the supply of a good diminishes its demand goes up.

4 0

4 years ago