4. Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points) ~An example of a financial resource is a share.
2. How many months' worth of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2.0 points) Fully funded emergency fund of 3-6 months of living expenses.
6. Get a second job to help finance your investment costs. The two major ways to invest are; lend or own. 1. When you lend, you are a Debt Investor.
Financial Statements ACC280 Name March 11, 2010 Instructor Financial Statements Accounting is used to track an organization’s funds as well as organize the financial data for users to analyze. Financial statements are the key to understanding an organizations financial well-being. It presents the organization’s historical and potential financial performance that will assist the organization in making informed decisions. The four basic financial statements are in an organization’s annual report. Each of the four statements provides important organizational financial data for any user internal or external to analyze.
Do you Agree or disagree? Give at least three specific reasons for your answer and provide at least one counter argument and rebut it. Week 2 Discussion Questions Question A Provide and discuss an example of a situation where a company would use a job cost sheet. As part of your analysis, be sure to explain the nature and importance of a job cost sheet. Question B Discuss the advantages and disadvantages of Job Order Costing.
This is the internal identification number which the employer gives employee. Salary This is the amount the employee has earned before any deductions have been made. The employer may break this down into components if the employee has done overtime or receive a bonus or commission. This will show how much the employee has earned in wages before any deductions are made. It might also show how the employee pay was calculated, for example; the employee hourly rate and the number of hours worked.
PRODUCT 4. PROMOTION 5. SERVICE 6. TRANSACTION The COUPON will be linked to a product, a service and then linked to the Promotions and Transactions. Since it will be a dollar amount off a service or product it will be needed to be taken into consideration when it is redeemed with a promotion.
Now, you'll apply what you learned. 1. Choose a real or made up example of a company, and describe at least three variable costs the company has. (1-3 sentences. 1.5 points) Mc Donald's is an example of variable costs.
Homework Week 3 7. Differentiate between the following: active income, passive income, and portfolio income. Active income( which is interchangable with earned income) comes from direct efforts of the taxpayer. Examples is wages, salaries, and commissions. Passive Income is income that is earned through a trade or investments where the taxpayer does not spend much time or effort.
The current liabilities are what is owed and is expected to be paid off on one year. The long term liabilities are what are owed for a longer period of time that may include interest. • What were the company’s revenues (or net revenues) for the last 3 annual reporting