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3 years ago

Our financial decisions decrease once we reach adulthood true or false

Business

2 answers:

inna [77]3 years ago

5 0

The correct answer is False

Explanation:

Financial decisions are related to money management. This includes decisions related to a company or business in case you own or manage one and decisions related to personal finances such as saving money, paying the bills, using credit, etc.

In general terms, our financial decisions increase as we reach adulthood because once we are adults we earn our own money and are responsible for ourselves; this is related to multiple decision on how to spend money that includes paying for housing, food, taxes, among others; also, there are financial services such as using credit card, loans, savings accounts. This does not occur when we are children or even teenagers as in most cases our parents and family make decisions on how to spend/ save money.

Burka [1]3 years ago

4 0

That statement is false. Your financial decision will not decrease when you have become an adult,

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Gonzo Co. owns a building in Georgia. The buildingâ€™s historical cost is $970,000, and $440,000 of accumulated depreciation has

ladessa [460]

Answer:

1. The cost to be capitalized to building account is $343,600

2. The subsequent carrying amount of the building is $873,600

Explanation:

1. In order to calculate the which of the costs incurred by Gonzo Co. should be capitalized to the building account we would have to use the following formula:

cost to be capitalize=Major improvement to the plumbing+Added a loby

cost to be capitalize=$109,000+$234,600

cost to be capitalize=$343,600

The cost to be capitalized to building account is $343,600

2. To calculate the subsequent carrying amount of the building we have to use the following formula:

subsequent carrying amount=Historical cost+improvements-Accumulated Depreciation

subsequent carrying amount=$970,000+$343,600-$440,000

subsequent carrying amount=$873,600

The subsequent carrying amount of the building is $873,600

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3 years ago

The purchasing power of money and the price level vary: Group of answer choices inversely. directly during recessions, but inver

Kamila [148]

Answer:

Option "Inversely" is correct.

Explanation:

Option “Inversely” is correct because the increase in price level exhibits inflation and a rise in inflation decreases the purchasing power of money. However, if the price level decreases or inflation decreases, then the purchasing power of money increases. Therefore we can see that increase in price level decreases the purchasing power and a decrease in price level increases the purchasing power. Therefore, there is an inverse relationship.

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4 years ago

Why does a small difference in economic growth result in a large difference in wealth over time?

larisa [96]

Answer:

The correct answer is the option C: Because the effect of compounding allows growth to build upon previous growth.

Explanation:

To begin with, the term of <em>"Compounding"</em> in economics refers to the situation in which an assets' earnings are reinvested to generate more additional earnings over the pass of time and therefore that in an economy when there is a small growth the investors take advantage of the effect that the compounding has over the situation and use it in order to generate more earning in the future and that is why that the the effect of compounding allows growth to build only upon previous growth.

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3 years ago

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sleet_krkn [62]

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2 years ago

What budget item is NOT easy to lower if your salary is decreased?

zubka84 [21]

Well, insurance or taxes! :D

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4 years ago