Answer:
a.
Explanation:
many part-time employees would like to work full-time, but are unable to get the additional work.
six months time.
If an insurance company’s CFO immunizes the company’s balance sheet it will not necessarily remain immunized in six months time because of the following reasons:
This will impact the company's ability to earn income on their investments, which could lead to a decline in the value of the portfolio.
If an insurance company’s CFO immunizes the company’s balance sheet it will not necessarily remain immunized in six months time because of the above reasons.
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Answer:
Explanation:
The journal entry is presented below:
Cash A/c Dr $1,800
To Accounts receivable A/c $1,800
(Being the cash is received)
Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.
b. Closing fee
c. Down payment
d. Utility cost
In order to buy most homes, you have to arrange an up front payment of a portion of the house value, called a "down payment".
A down payment is a direct front installment you make to buy a home, vehicle, or other resource. The up front installment is the segment of the price tag that you pay for yourself out-of-stash (instead of acquiring). That cash normally originates from your own investment funds, and by and large, you pay with a check, Visa, or an electronic installment.
Sam's employer matching a portion of his contributions to a 401k is essential for him to consider when planning how to allocate his cash flow because it provides a valuable opportunity to maximize his retirement savings.
Employer matching contributions are essentially free money added to Sam's account, increasing the overall value of his retirement fund.
By taking advantage of the employer match, Sam can potentially double his 401k contributions, depending on the match percentage offered by his employer. This significantly accelerates his retirement savings growth and helps him reach his financial goals faster.
Moreover, contributions to a 401k are usually tax-deferred, meaning Sam's taxable income is reduced by the amount he contributes. This results in immediate tax savings, allowing him to allocate more of his cash flow towards his retirement goals.
In addition, the 401k plan provides a long-term investment horizon, allowing Sam's funds to grow through compound interest over time. As his account balance increases, so does the earning potential, which can lead to substantial growth in the long run.
In summary, Sam should prioritize maximizing his employer's 401k matching contributions when allocating his cash flow. Doing so will allow him to take advantage of free money from his employer, reduce his taxable income, and accelerate the growth of his retirement savings, ultimately helping him achieve a more secure financial future.
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