Financial literacy is the set of skills and knowledge needed to make INFORMED DECISION about money matters. The correct option is A.
Financial literacy refers to an education that empowers one with knowledge and understanding about how to manage money in an efficient manner. It enables one to make financial decisions that are based on facts and not emotions. Financial literacy involves acquiring skills in making appropriate financial decisions which can involve any of the following: budgeting, insuring, investing, tax planning, retirement, etc.
Answer:
$5,500 USD
Explanation:
Since traditional Roth IRA accounts cannot be owned jointly, then both individuals must have their own account. That being said they can still contribute to each other's Roth IRA accounts on behalf of their spouse. You can contribute a total of 100% of your earned income up to a limit of $5,500 USD. Pensions are not allowed as contributions. Individual's over the age of 50 have a limit of $6,500
Answer:
<em>The Accounting Cycle is as follows:</em>
<em>1. Transactions are analyzed and recorded in the journal.
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<em>2. Transactions are posted to the ledger.</em>
<em>3. An unadjusted trial balance is prepared.
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<em>4. Adjustment data are asssembled and analyzed.
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<em>5. An optional end-of-period spreadsheet is prepared.
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<em>6. Adjusting entries are journalized and posted to the ledger.
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<em>7. An adjusted trial balance is prepared.
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<em>8. Financial statements are prepared.
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<em>9. Closing entries are journalized and posted to the ledger.
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<em>10. A post-closing trial balance is prepared.
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Answer:
<h3>BILLS OF LADING / AIRWAY BILL. MARINE INSURANCE POLICY AND CERTIFICATE. BILLS OF EXCHANGE.</h3>
Answer:
The correct answer is (a)
Explanation:
In a competitive market, numerous producers compete to provide homogeneous goods to the customers. As many producers produce homogeneous goods which is why they are price takers, and they produce goods as long as it equals the marginal cost. So, in a competitive market, units are produced for which benefits are equal to the cost.
Marginal cost = Marginal revenue
