Identify the following questions as most likely to be asked by an internal or an external user of accounting information.
______ 1. Shareholders
______ 2. Creditors
______ 3. Nonexecutive employee
______ 4. Research and development director
______ 5. Purchasing manager
______ 6. Human resources director
______ 7. Production supervisors
Answers
Answer:
Find the answers below
Explanation:
1. Shareholders - External users
2. Creditor - External users
3. Nonexecutive employee - External users
4. Research and development director - internal users
5. Purchasing manager - internal users
6. Human resources director - internal users
7. Production supervisors - internal users
Related Questions
As a corporation, you want to distribute money to shareholders as a dividend. If the dividend is taxed at a rate of 20% and the dividend is $1 per share, how much money will a shareholder of 10,000 shares get after-tax? a) $8,000 b) $8,250 c) $8,400 d) $9,000
Answers
Answer:
a) $8,000
Explanation:
The tax rate is 20% of the dividend. If the dividend is $1 per share, the actual tax per share is 20 percent of $1.
=20/100 x $1
=0.2 x$1
=20cents per share
A shareholder will receive $1- 20 cents as dividends per share
=80 cents or $0.80 per share.
A shareholder with 10,000 shares will get
=10,000 x $.80
=$8,000
Answer:
$8000
Explanation:
Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his job?
He researches, analyzes, and summarizes information about fraud.
He assesses financial situations using mathematical models.
He analyzes tax information using mathematical formulas.
He manages the paperwork for buying and selling securities.
Answers
Isaiah is a Financial Quantitative Analyst for a major stock investment company. He assesses financial situations using mathematical models. Therefore Option B is correct.
What is a Financial Quantitative Analyst?A quantitative analyst, also known as a "quant," is a professional who uses statistical and mathematical techniques to solve financial and risk management issues. In order for businesses to make financial and business decisions on things like investments, pricing, and other things, they create and implement complicated models.
An expert in financial quantitative analysis advises organizations and people who are making investment decisions. In order to locate profitable investments for their clients, they examine and assess available investment alternatives.
To create trading algorithms and computer models, financial quantitative analysts process a wide range of data. They just use numbers to determine their investments.
Hence, He assesses financial situations using mathematical models.
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what does corporate ‘limited liability mean?
Answers
Answer:
is a form of legal protection for shareholders and owners that prevents people from being held personally responsible for their company's debts or financial losses. Keeps finances separate from the owners' personal finances.
Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
Answers
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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We are evaluating a project that costs $786,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 65,000 units per year. Price per unit is $48, variable cost per unit is $25, and fixed costs are $725,000 per year. The tax rate is 22 percent, and we require a return of 10 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within ±10 percent.
Answers
Answer:
base scenario:
initial outlay = $786,000
depreciation expense per year = $786,000 / 8 = $98,250
contribution margin per unit = $48 - $25 = $23
total units sold per year = 65,000
fixed costs per year = $725,000
tax rate = 22%
NCF year 0 = -$786,000
NCF year 1-8 = {[($23 x 65,000) - $98,250 - $725,000] x 0.78} + $98,250 = $622,215
NPV = $2,533,471.10
IRR = 78%
best case scenario:
initial outlay = $786,000
depreciation expense per year = $786,000 / 8 = $98,250
contribution margin per unit = ($48 x 110%) - ($25 x 90%) = $30.30
total units sold per year = 65,000 x 110% = 71,500
fixed costs per year = $725,000 x 90% = $625,500
tax rate = 22%
NCF year 0 = -$786,000
NCF year 1-8 = {[($30.30 x 71,500) - $98,250 - $625,500] x 0.78} + $98,250 = $1,223,556
NPV = $5,741,580.96
IRR = 156%
worst case scenario:
initial outlay = $786,000
depreciation expense per year = $786,000 / 8 = $98,250
contribution margin per unit = ($48 x 90%) - ($25 x 110%) = $15.70
total units sold per year = 65,000 x 90% = 58,500
fixed costs per year = $725,000 x 110% = $797,500
tax rate = 22%
NCF year 0 = -$786,000
NCF year 1-8 = {[($15.70 x 58,500) - $98,250 - $797,500] x 0.78} + $98,250 = $172,116
NPV = $132,226.16
IRR = 14%
The Initial evaluating cost is $786000 and the
Depreciation expense per year will be = $786,000 / 8 = $98,250.
and the contribution margin per unit = $48 - $25 = $23
total units sold Projected per year = 65,000
fixed costs will be per year = $725,000
At Present the tax rate = 22%
Net cost fixed per year = -$786,000
Net Cost Fixed year 1-8 = {[($23 x 65,000) - $98,250 - $725,000] x 0.78} + $98,250 = $622,215
Net Per Variable = $2,533,471.10
IRR = 78%
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What is the difference between soft and hard skills?
A Soft skills are specific to a career and are taught in classes. Hard
skills make you a good employee and can be learned anywhere.
B. Soft skills make you a good employee and can be learned
anywhere. Hard skills are specific to a career and are learned in
classes.
C. Soft skills are learned on the job and hard skills are learned before
entering the workforce.
OD. Soft skills are learned before entering the workforce and hard
skills are learned while on the job.
SUBMIT
Answers
Option (b), You can gain soft skills anyplace, and they make you a good employee. Hard skills are acquired in classes and are unique to a certain profession.
Which differences exist between hard abilities and soft skills?"Hard skills" are the expertise and abilities required to properly do the tasks associated with a profession. The personality attributes that allow employees to flourish in work, on the other hand, are known as soft skills.
Capabilities and aptitude that have a measurable value are called hard skills. They are frequently suited to a certain vocation and can be gained through formal schooling or on-the-job training. Soft skills are more generic and less job-specific than hard abilities, and they are less well-defined than hard talents.
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Answer:
B.
Explanation:
Soft skills make u a good emplyee and can be learned anywhere..
Brand equity is…………………?
Answers
Answer:
Brand equity, in marketing, is the worth of a brand in and of itself — i.e., the social value of a well-known brand name.
Determine the amount of tax liability in each of the following instances:
a. A married couple filing jointly with taxable income of $32,991.
b. A married couple filing jointly with taxable income of $192,257.
c. A married couple filing separately, one spouse with taxable income of $43,885 and the other with $56,218.
d. A single person with taxable income of $79,436. A single person with taxable income of $297,784.
e. A head of household with taxable income of $96,592. A qualifying widow with taxable income of $14,019.
f. A married couple filing jointly with taxable income of $11,216.
Answers
The determination of the tax liability in each of the following instances is as follows:
Taxable Filing Tax Tax
Income Status Rate Liability
a. $32,991 Joint 12% $3,958.92
b. $192,257 Joint 24% $46,141.68
c. $43,884 Separate 12% $5,266.08
c. $56,218 Separate 12% $6,746.16
d. $79,436 Single 22% $17,475.92
d. $297,784 Single 35% $104,224.40
e. $96,592 Household 24% $23,182.08
e. $14,019 Widow 12% $1,682.28
f. $11,216 Joint 10% $1,121.60
What is a tax liability?A tax liability is the payment that an individual or couple must pay within the tax year to the government. Generally, tax liabilities arise when the individual earns income or sells an investment. Examples of tax liabilities are income taxes or capital gains taxes.
Thus, the tax liability of each instance depends on the tax rate and the filing status of the individual or couple.
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During the annual Black Friday Sale, The OLX sold a pair of ski boots, regularly priced at $245.00, at a discount of 40%. The boots cost $96.00 and expenses are 26% of the regular selling price. For how much were the ski boots sold?
Answers
Answer: $147
Explanation:
First find what 40% of $245.00 is:
= 40% * 245
= $98.00
The boots are sold at a discount of 40%. This means that 40% - which is $98 - was deducted from the value.
The selling price is therefore:
= 245 - 98
= $147
johns parents passed away within six weeks of one another as the trustee, john is following the trust instructions and will sell the family home. john will be paid in accordance with the trust documents which of the following is correct
Answers
Answer:
John is working within the scope of his duties following trust instruction and does not need a license
Explanation:
1.4 The common techniques for estimating include: (2)
A)
decomposition
B)
COCOMO
C)
function points
D)
resource leveling
E)
all of these
Answers
20 Point
Which portion of the passage indicates that Neil’s prototype product requires many more changes?
1.(Neil created a robot that works on certain commands.) 2(However, the robot freezes and dismantles itself on hearing commands it does not recognize.) 3(While the robot recognizes most commands,) 4(it sometimes confuses similar-sounding commands.) 5(Neil spent five years creating this robot and invested all his savings in it.)
Answers
Answer:
Number 2 or Number 4.
Explanation:
On number 2, the robot freezes when it doesn't recognize the command. Obvious problem. On number 4, the robot confuses similar sounding commands. Also an obvious problem.
Answer:
2
Explanation:
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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look at the screenshot
a,b, or c
Answers
Answer:
A
Explanation:
i don't know basta A ang napili ko
The estimated beta for RDG is 0.74. The risk free rate of return is 4 percent and the Equity Risk Premium is 5 percent. What is the required rate of return for RDG using the CAPM
Answers
Answer:
7.7%
Explanation:
Given :
Risk free rate of return = 4%
Risk premium = 5%
Estimated beta = 0.7
Using the CAPM relation :
The expected return = Risk free rate + (Risk premium * Estimated Beta)
Expected Return = 4% + (5% * 0.74)
Expected Return = 4% + 3.7%
Expected Return = 7.7%
list sevn important of accounting and keeping
Answers
Answer:
Accounting/bookkeeping
1. The income statement provides you with information about the profit and loss
2. The balance sheet gives you a clear picture on the financial position of your business on a particular date.
3. Bookkeeping is important because it helps you budget.
4. Tax Preparation. In most cases, your business has to file a tax return every year.
5. Organization. Being organized is a skill every business owner should have.
6. Analysis. Bookkeeping is important because it helps with business analysis.
7. Planning Purposes . Bookkeeping presents the past financial performance of your company.
Explanation:
Hope this helps, sorry if it is not
I'm selling this painting on poshmark sometime in November or December 2020 you can put how much your willing to pay in the comments minimum price starting at 30 US dollars.
Answers
At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $40 per month for individual coverage and $85 per month for family coverage. If an employee makes at least $55,000 per year, individual coverage is $70 per month and family coverage is $165 per month. Catherine is a department manager at Richardson. Her annual salary is $68,300. She has family health care. Her employer contributes $935 per month towards her total coverage cost. What percent does Catherine contribute toward the total coverage?
Answers
Answer:
15%
Explanation:
Catherine is a departmental manager at Richardson
She earns $68,300 every month
She has family health care
Her employer contributes $935 every year towards total coverage Cost
The first step is to calculate the total contribution
Catherine rate for health care is $165 since her monthly pay is higher than $55,000
Total contribution = $165 + $935
= $1,100
Therefore the percent in which Catherine contributes towards total coverage can be calculated as follows
= 165/1,100 × 100
= 0.15 × 100
= 15%
Hence Catherine contributes 15% towards the total coverage
Catherine would contribute 15% towards the total coverage
Given that ;
Catherine earns $68,300 every month , has family health care and her employer contributes $935 every year towards total coverage Cost.
Then,
Catherine rate for health care is $165 since her monthly pay is higher than $55,000
Total contribution = Health care rate + coverage cost contributed by her employer
Total contribution = $165 + $935
Total contribution = $1,100
We can calculate the percent in which Catherine contributes towards total coverage as;
= Health care rate / Total contribution * 100
= 165 / 1,100 × 100
= 0.15 × 100
= 15%
It therefore means that Catherine contributes 15% towards the total coverage
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Essman might overlook strategic risks, the business plan at hand can be a good plan and the Product mix may be one of the best. However, things do change, and the plans and the product mix stated in the plan may become outdated making the strategy of the company less efficient to reach its goals. Technological risks may also render the product mix out of date. With the dynamism of technology other efficient products may come to the market making rendering the product mix obsolete.
Would risk retention be a good strategy for this company? Why or why not?
Answers
Risk retention is good for the company as the good has the better strategies planned about the product mix and if the things changed in the future the company is able to conquer the loss.
What is product mix?Product mix is the total number of products sell by the particular company, the products can be further divided into the categories and division. Many big companies have the different line products like the cosmetics, glasses, home materials and others.
Thus, Risk retention is good for the company as the good has the better strategies
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An account never used in a service business is
Answers
Answer:
inventory
Explanation:
Pollution Busters Inc. is considering a purchase of 10 additional carbon sequesters for $100,000 apiece. The sequesters last for only 1 year before becoming saturated. Then the carbon is sold to the government. a. Suppose the government guarantees the price of carbon. At this price, the payoff after 1 year is $115,000 for sure. What is the opportunity cost of capital for this investment
Answers
Answer:
15percent o 100 annually
Explanation:
opportunity cost =(115-100/100)*100
Long-term debt ratio 0.3
Times interest earned 10.0
Current ratio 1.2
Quick ratio 1.0
Cash ratio 0.4
Inventory turnover 3.0
Average collection period 73 days
Use the above information from the tables to work out the following missing entries, and then calculate the company’s return on equity.
Net sales _____$
Cost of goods sold
Selling, general, and administrative expenses 20.00
Depreciation 30.00
Earnings before interest and taxes (EBIT) _____$
Interest expense
Income before tax _____$
Tax (35% of income before tax)
Net income _____$
Answers
cognitive engagement process of quickly arranging the information that we select to pay attention to, noticing different aspects of an encounter.
Answers
Yes ,The Statement is Correct. A cognitive investment in learning, effortful task completion with purpose and the application of strategies, as well as metacognition and self-regulated learning are all examples of cognitive engagement.
What is Cognitive engagement?Cognitive engagement is the act of paying continuous, focused attention to an activity that requires mental effort and falls within the learners' zone of proximal development. As a result, when their pupils are actively involved in cognitively challenging learning, teachers perform at their best.
Cognitive engagement is the act of paying continuous, focused attention to an activity that requires mental effort and falls within the learners' zone of proximal development.The degree to which a student is strategically thinking, questioning, creating, and modifying in order to gain new information, develop, and comprehend their environment is reflected in cognitive engagement (Cognitive Processing).here are some of the cognitive engagement strategies used among students
Input Cognitive Strategies.
A cognitive input method depends on the things that students pay attention to. Most teachers overestimate how much attention students pay to the learning experience's instructional goals (the teacher's lecture, for instance). In addition to having short attention spans, students divert their focus by choosing to do so or by engaging in other activities.
Process Cognitive Strategies. A process cognitive strategy helps learners make sense of what they learn
Output Cognitive Strategies.
By applying what they have learned and making sense of their experiences, learners might gain new knowledge or skills with the use of an output cognitive approach. Giving students the opportunity to teach about a subject they are interested in learning.
Feedback Cognitive Strategies
By providing feedback to others, learners can use cognitive techniques to gain new information or abilities. As an illustration, invite students to listen to a speech or sermon and then give another student input on how it was delivered.
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b) Discuss the adjustment mechanism on real and good market in the economy from disequilibrium
Answers
Answer:
Disequilibrium refers to a situation in which demand does not equal supply. For example, the demand for a good might be 6, and the supply might be 10. The excess supply is 4. One possibility is that the excess supply causes the price of the good to fall, raising demand and reducing supply, and equilibrium results.
ls this your answer
Doug Allen has decided to go into the insect extermination business and to operate as Doug's Extermination Service. The following transactions were completed during the first month of operations, May, 20--.
1. Doug invested $35,000 cash in the business.
2. Purchased extermination equipment for $17,000 in cash.
3. Paid $700 rent for garage and office quarters.
4. Purchased chemicals (expense) for $1,100 from Low Glow Chem Co. on account.
5. Received $1,600 revenue for extermination service.
6. Paid telephone bill, $120
7. Paid assistant's salary, $700.
8. Earned $980 revenue for extermination service, on account.
9. Paid electric bill, $230.
10. Paid for truck repairs (expense), $145.
11. Paid $600 to Low Glow Chem Co., on account.
12. Paid $131 for gas and oil for truck (expense).
13. Received $1,400 revenue for extermination service.
14. Received $500 for services previously earned on account in transaction (8).
15. Paid assistant's salary, $900.
Required:
Write the transactions in the T accounts, then write the total of each column. If an account has entries on both sides, determine the balance and enter it on the side with the larger total.
Answers
Answer:
Doug's Extermination Service
T-accounts:
Cash
Account Titles Debit Credit
Common stock $35,000
Extermination equipment $17,000
Rent 700
Extermination Revenue 1,600
Utilities Expense 120
Salary Expense 700
Utilities Expense 230
Truck Expenses 145
Accounts Payable (Low Glow) 600
Truck Expense 131
Extermination service 1,400
Accounts Receivable 500
Salary Expense 900
Balance $17,974
Common Stock
Account Titles Debit Credit
Cash $35,000
Extermination equipment
Account Titles Debit Credit
Cash $17,000
Rent Expense
Account Titles Debit Credit
Cash $700
Supplies Expense
Account Titles Debit Credit
Accounts payable $1,100
Accounts Payable (Low Glow Chem Co.)
Account Titles Debit Credit
Supplies Expense $1,100
Cash $600
Balance $500
Extermination Service Revenue
Account Titles Debit Credit
Cash $1,600
Accounts Receivable 980
Cash 1,400
Balance $3,980
Utilities Expense
Account Titles Debit Credit
Cash $120
Cash 230
Balance $350
Salary Expense
Account Titles Debit Credit
Cash $700
Cash 900
Balance $1,600
Accounts Receivable
Account Titles Debit Credit
Extermination Service Revenue $980
Cash $500
Balance $480
Truck Expenses
Account Titles Debit Credit
Cash $145
Cash 131
Balance $276
Explanation:
a) Data and Analysis:
1. Cash $35,000 Common Stock $35,000
2. Extermination equipment $17,000 Cash $17,000
3. Rent $700 Cash $700
4. Supplies Expense $1,100 Accounts Payable (Low Glow Chem Co.) $1,100
5. Cash $1,600 Extermination Service Revenue $1,600
6. Utilities Expense $120 Cash $120
7. Salary Expense $700 Cash $700
8. Accounts Receivable $980 Extermination Service Revenue $980
9. Utilities Expense $230 Cash $230
10. Truck Expenses $145 Cash $145
11. Accounts Payable (Low Glow Chem Co.) $600 Cash $600
12. Truck Expense $131 Cash $131
13. Cash $1,400 Extermination Service Revenue $1,400
14. Cash $500 Accounts Receivable $500
15. Salary Expense $900 Cash $900
How did you find the total cost included within the job sheet for number 2?
Answers
To find the total cost on a worksheet, you'll need to add up the fixed costs and variable costs for the entire production.
What is the total cost?It is the cost of the entire production.These are all expenses of an institution.To calculate the total cost you will need to identify all fixed costs and all variable costs in the table and add them together.
Fixed costs are costs with elements that are always present in production such as employee salaries, and energy expenditure, among others.
Variable costs are costs that are not present in production all the time, such as service providers, machine repairs, among others.
You have not shown the table you refer to. This makes it impossible for me to answer your question exactly, but I hope this helps.
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This is for a project, what customer services does Victoria’s Secret offer (e.g. trained bra fitter, free gift wrap, personal shopper, etc)? Could you give me at least 2-3 examples?
Answers
Answer:
all typa bra's
panties
perfume
swimm wear
Explanation:
juss use the website <3
I need help how I define followership?
Answers
Followership is the capacity and willingness of individuals to work collaboratively with a leader to achieve a common goal or purpose. It involves recognizing and respecting the authority and expertise of the leader, while also contributing one's own skills, knowledge, and ideas to the collective effort. Effective followership requires active engagement, commitment, and a willingness to share responsibility for the success of the group. Followership can take many forms, from providing support and feedback to the leader, to challenging assumptions and proposing alternative strategies. It is a critical component of effective teamwork, as well as of effective leadership, as leaders rely on followers to help implement their vision and achieve their goals.
While this answer may provide you with helpful infromation regarding your assignment, it is important to remember that using it verbatim could be seen as plaigiarism. To avoid this, it is best to cite your own sources, and put everything in your own words.
I hope I helped!
~~~Harsha~~~
You just acquired 1,000 from the lottery.
You decide to invest in stocks with it (like a smart person should). You figure on buying apple stock which costs $100 a share. How many shares would you own of apple if you bought $1,000 worth of apple stock at $100 a share.
Answers
If you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.
To determine the number of shares you would own of Apple stock if you bought $1,000 worth of stock at $100 per share, you need to divide the total investment amount by the price per share.
Number of shares = Total investment amount / Price per share
In this case, the total investment amount is $1,000 and the price per share is $100.
Number of shares = $1,000 / $100
= 10 shares
Therefore, if you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.
It's important to note that stock prices fluctuate, so the actual number of shares you would own may vary depending on the current market price at the time of purchase. Additionally, transaction fees and other costs associated with buying stocks should also be taken into consideration.
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PLEASE ANSWER ASAP: I NEED HELP
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Answers
The true about retirement savings withheld from employee paychecks. Workers don't have to pay taxes on it until they make account withdrawals, allowing for potential tax savings and the opportunity for the savings to grow over time. Option D.
Retirement savings withheld from employee paychecks typically refers to contributions made to retirement plans such as 401(k) or Individual
Retirement Accounts (IRAs). These contributions are deducted from an employee's paycheck before taxes are applied, which means they are made with pre-tax dollars. As a result, the contributions reduce the employee's taxable income in the year they are made, potentially lowering their overall tax liability.
The tax advantage of retirement savings withholding allows individuals to defer taxes on the contributed amount and any investment gains until they withdraw funds from their retirement accounts in the future.
This deferral allows the savings to potentially grow and compound over time without being taxed annually, providing a tax-efficient way to save for retirement.
It's important to note that option A, which suggests that retirement savings are always matched by the employer, is not universally true. While many employers offer matching contributions as part of their retirement benefits package, not all employers provide a dollar-for-dollar match.
The matching policy can vary widely, ranging from a percentage match to no match at all.
Option B, suggesting that the money withheld is not needed for retirement living expenses, is a generalization and may not hold true for all individuals. Retirement savings are intended to be used for future retirement expenses, and the amount needed will vary depending on an individual's retirement goals, lifestyle, and other factors.
Option C, stating that retirement savings withheld from paychecks is another way of making employers rich, is an oversimplification and does not accurately represent the purpose and nature of retirement savings. Retirement savings are primarily designed to help individuals build financial security and support themselves during their retirement years. Option D is correct.
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