1.) On January 1, 2010, Ott Co. sold goods to Flynn Company. Flynn signed a zero-interest-bearing note requiring payment of $80,000 annually for seven years. The first payment was made on January 1, 2010. The prevailing rate of interest for this type of note at date of issuance was 10%. Ott should record sales revenue in January 2010 of what?…
|your financial benefit? |that would need to be made but I would try to pay more than that so I can pay if off faster and the interest |…
1. (Exhibit 1: Total Product) Between points A and B the marginal product of labor is:…
3. You want to save enough money to retire as a millionaire. If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65?…
The Bench Service Technician performs service work as needed on desktops, laptops and home computers that have been brought into the location by the customer.…
Financial mangers make decisions today that will affect the firm in the future. The dollars used for investment expenditures made today are different from the cash flows to be realized in the future. What are these differences? What are some of the techniques that can be used to adjust for these differences?…
Money can buy food, dresses, heels and gorgeous weddings. However, what can’t be bought by money? The answer to this question would be health, confidence, ability, love and a lot of other things we have for our own that can’t be valued by money. To me, money is a thing. It is something that we can change for the stuff we want with. In the society now, it’s like everything can be valued by money. People with money can even buy position, children and women. Without knowing it, the society seems like being drifted from a market economy to a market society. Nevertheless, is it non-dangerous for a market economy changing to a market society?…
Why is the time value of money concept important? In what quantitative decisions might the time value of money be used? How do you apply the time value of money concept to make decisions in your personal life?…
Value is defined as a person’s principles or standards of behavior; one’s judgment of what is important in life (The American College Dictionary). Growing up I learned that money was a thing of supreme value in life. I held the belief that, when money is attained, happiness follows and so does a sense of security. The needed material goods in life cost a lot of money and if I could attain these material goals then I would be happy. Kenneth M. Gillam writes, “The power of money is even more insidious than greed. Money forms the basis of compelling ideological systems, or those sets of beliefs, conscious or otherwise, that we use to ascribe meaning and value to things” (4). Having spent years placing supreme value in the material world and finding no peace or contentment in life, something in me had to change. Revising the value I placed on money and learning to think differently about what constitutes something as valuable could be simple. Is it necessary, useful or does it have meaning?…
Ever since an early human decided to give intrinsic value to a bushel of wheat for trade, money has been a quintessential part of human culture. As time has gone on, a flaw in this system has become apparent: some people have lots of money while others have very little. Today, this very flaw is the basis of a large portion of today’s issues, like corruption or poverty.…
Hunger a feeling of discomfort or weakness caused by lack of food or desire to eat. A constant fight that Lamott had with food of etheir eating it or throwing it up because of personal image and not felling comfortable with the image you see in the mirror. Lamott was a very energetic girl, always hungry, always eating and always thin. At age thirteen she was 100 pounds but in one year gained 30 pounds and that’s where the problems begin, as her father was a victim of cancer she finaly discovered she was a victim of bulimia. Bulimia being the emotional disorder in which bouts of extreme overeating are followed by depression and self- induced vomiting, purging or fasting, these were clearly actions lamott took and were her daily actions. As her problems of control, alcohol and bulimia she finds the ticket to freedom for her problems. The ticket being that Rita Groszmann a eating disorder specialist who would guide her throughout the day and asked her if she was hungry or what hunger felt like, but Lamott just responded that “it was time to eat” which she didn’t experience hunger until age 33.…
Throughout history money has been providing happiness and joy to most people. Allowing people to be free from financial issues and allowing then to achieve financial dreams however, money is not the total answer to success and happiness. Wisdom and truth are more important. The great Greek philosopher Socrates warned his fellow citizens by saying “are you not ashamed of heaping up the greatest amount of money and honour and reputation, and caring so little about wisdom and truth and the greatest improvement of the soul.” Unfortunately Socrates said that hundreds of years ago but this is a challenge that still relevant in today’s world because this world that we live in is full of mindless and unconscious people who believe that money and their reputation is the path to success and happiness. I personally disagree with this believe because I think that wisdom and truth are more important to success in wisdom and truth lays the foundation of every person. Once we have the wisdom money becomes secondary.…
Thus money is only valued by those who earn it by hard toil. This is because when we earn money through the blood and sweat of labour, we will spend it wisely and lavishly. Consider a man who gets his money by a stroke of luck or through a family inheritance. He only knows that money can buy fame or bring him many luxuries and pleasures. He entirely lacks the good habit of how spending frugally. He will spend freely without any planning. More often than not, such a person will end up…
Money is a thing without which person cannot exist and it plays a very big and important role in people's lives. It has a big power: it makes life conditions nicer and more comfortable, but my concern is that there is a possibility of ruining person's life by the help of money. However, money is not so powerful it can buy everything; you cannot buy true love, health for all diamonds in the world. But money given to children, the so-called pocket money has some special power due to inexperienced minds of its spendthrifts. Very often this money is spent carelessly because its owner - small child - has no idea about its value and efforts to get it.…
Money can takes care of oneself and one`s family. In our society, the common lucrative source is work. In other word, without earning money from work, most of people may not be able to survive in the world. The most important aspect of working is earning money that people could pay for what they need in their life and hold their family spending. And we could also use money for our interesting or achieving our dreams.…