Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning. Start planning for retirement as soon as you can to take advantage of the power of compounding.
Planning for retirement is making preparations for your future so that you can continue to achieve all of your objectives and desires on your own. Setting your retirement goals, calculating how much money you will require, and making investments to increase your retirement savings are all included in this. Every retirement strategy is different.
Planning for retirement is crucial because it might prevent you from running out of money in later life. Your strategy can assist you in determining the rate of return you require on your assets, the appropriate level of risk, and the maximum amount of income you can safely draw from your portfolio.
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Answer:
the trustee view of representation
Explanation:
Answer:
Direct material quantity variance= $10,980 unfavorable
Explanation:
Giving the following information:
Standard Price or Rate Direct materials 8.5 kilos $ 6.00 per kilo
The company reported the following results concerning this product in August. Actual output 3,200 units Raw materials used in production 29,030 kilos Purchases of raw materials 31,600 kilos. Actual cost of raw materials purchases $ 195,920
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 8.5*3,200= 27,200 kg
Actual quantity= 29,030kg
Standard price= $6
Direct material quantity variance= (27,200 - 29,030)*6= $10,980 unfavorable
Incomplete question. I answered from a general economic standpoint.
Answer:
<u>stay the same; decrease</u>
Explanation:
<em>Remember</em>, in this scenario, it wasn't as though the mentioned workers lost their jobs, they only had their hours reduced by their employers; so they are not <u>unemployed</u>. This, therefore, implies that the unemployment rate will stay the same.
The labor force participation rate in simple words refers to the percentage of those who are currently employed or looking for a job within an economy. If the working hours are reduced, it may diminish the zeal among the workforce of an economy to work or find work because <u>they may perceive they''ll earn less.</u>
Answer:
Bad debt expense (w/o allowance) = $2,875
Bad debt expense ( with allowance) = $2,675.
Explanation:
According to the scenario, the given data are as follows:
Net credit sales = $115,000
Uncollectible percentage = 2.5%
So, we can calculate the bad debt expense without Allowance for doubtful accounts by using following method:
Bad debt expense ( W/o allowance) = $115,000 × 2.5%
= $2,875
After Allowance for doubtful expense
Bad debt expense = $2,875 - $200
= $2,675