Question 37 (25 points)
It is September 1 and your friend has come to you for advice because she knows you excelled in Mr. blank’s Personal Finance class.
She is concerned about her saving plan. Isabelle's take-home pay each month is $3500. She's not currently contributing to any
retirement accounts (such as a 401(k) or a Roth IRA), but she does have a savings account at her bank. For the bast four months, she's
been keeping track of her spending and saving, and here are the results:
-May -- spent $3200, put $300 into saving
-June - spent $3450, put $50 into saving
-July -- spent $3475, put $25 into saving
-August -- spent $3250, put $250 into saving
She would ideally like to have an emergency fund of $12,000 and save up enough for a big vacation with her friends next September
(~$4500). She's afraid she'll never get there.
Write a detailed savings plan for Isabelle to meet her goals.
(Hint: Your detailed plan should probably go out three years making adjustments as you go along. Remember it is September 1 now, so
write your plan with that starting date in mind. Also, do not make any assumptions, you are simply to write a plan that helps her
accomplish her goals and start saving for retirement appropriately.)
Answers: 1
Business, 21.06.2019 20:30
Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?
Answers: 1
Business, 22.06.2019 18:50
Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right
Answers: 3
Business, 22.06.2019 20:30
Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
Answers: 3
Business, 22.06.2019 23:30
As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
Question 37 (25 points)
It is September 1 and your friend has come to you for advice because she kn...
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