All categories

3 years ago

. Savings habits you develop when you are young can stay with you for life. Yes or no, Support your answer.

1 answer:

6 0

Yes. Creating habits when you are young are bound to stick with you until you break them. It is hard to break a habit once you gain it. Thus, creating a saving habit when you are young is bound to stay with you when you are older, and it would be beneficial to you as well

You might be interested in

LinkedIn should choose the first option to keep existing features and to bundle the 8 new premium services for the monthly payme

Sunny_sXe [5.5K]

Answer:

True

Explanation:

The annual reports till 2005, showed declining revenues of organization ans this urged the management to make the revenues of the organization better by offering additional features and premium services on LinkedIn and helped in bringing forward a new stream of stream of revenues due to premium service offerings to its millions of users. The premium services charges $15 per month to professionals to interconnect themselves with the recruiters (biggest asset LinkedIn) to boost their career. I am a LinkedIn user and I had enjoyed premium services on the LinkedIn and also have learned a lot from these connections.

4 0

4 years ago

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi

Minchanka [31]

Answer:

Please refer to the below explanations.

Explanation:

Sales return and allowance a/c Dr $613,000

To accounts receivable A/c Cr $613,000

(Being retuned goods that is recorded)

Merchandise inventory A/c Dr $429,100

($613,000 × 70%)

To cost of goods sold A/c Cr $429,100

(Being cost of goods sold that was recorded)

Estimated return is therefore;

= Sale value of merchandise × return percentage - actual return

= $12,500,000 × 5% - $613,000

= $625,000 - $613,000

= $12,000

Sales return and allowance A/c Dr $12,000

To accounts receivable A/c Cr $12,000

(Being returned goods that were recorded)

Merchandise inventory A/c Dr $8,400

($12,000 × 70%)

To cost of goods sold A/c Cr $8,400

(Being cost of goods sold that were recorded)

Therefore, the computation for the year end allowance for sales return is same as $8,400.

7 0

3 years ago

On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10, n/30. The cost of the go

Lina20 [59]

Answer:

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales discount 290

Cr Account receivable - Beasley co. 14,500

Explanation:

A. Preparation of the Journal to record the December 28, 20Y3 sale, using the net method under a perpetual inventory system

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

B. Preparation of the journal entries to record the merchandise returned

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Preparation of Journal entry to record the receipt of the amount due

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales discount 290

[(18,500-4,000)*2% ]

Cr Account receivable - Beasley co. 14,500

(18,500-4,000)

8 0

3 years ago

Which one of the following is not a source of conflict between younger and older workers?

miss Akunina [59]

B) workers having the willingness to ask for or accept help.

7 0

3 years ago

Explain how the following events will affect the demand and supply curves for large SUVs. In each case explain whether the deman

11111nata11111 [884]

Answer:

As a result of the increase in price, it would become more expensive to own and fuel a large SUV. this would lead to a reduction in demand for large SUVs. As a result of this, the demand curve for Large SUVs would shift to the left

Explanation:

4 0

3 years ago