Describe the 50% solution when employing a solution to pay off debt.
What will be an ideal response?
When paying off debt, focusing only on paying off your loans can seem like too much to sacrifice. After all, the point of paying off a debt is to have more money. Use the 50% solution. Each time you pay off a debt, use 50% of the amount you had been paying towards that debt and add it to the next debt. Take the other 50% and use it to increase your lifestyle and your monthly cash flow. Now you paid off a debt, added more money towards the payment on the next debt, and rewarded yourself by having more money to spend each month. It's a triple-win! Use this same approach for pay raises, birthday money, bonuses, and your part-time job. Each time money comes into your life, use half towards your debt and the other half towards your monthly budget so you can increase your lifestyle.
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Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000 . Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Bartlett Industries. The company's dividends for the year
a. Reduce the amount of capital stock reported by the company. b. Are part of Bartlett Industries' operating costs. c. Are reported on the statement of retained earnings. d. Are an expense of Bartlett Industries.
Social security and Medicare taxes are borne entirely by the employer
Indicate whether the statement is true or false
Which of the following is true regarding the provisions of IAS 39?
a. IAS 39 does not require unrealized gains and losses on trading securities to be recognized as part of net income. b. IAS 39 requires gains and losses on available for sale securities to be recognized as part of net income. c. IAS 39 allows companies to choose between recognizing gains and losses on available-for-sale securities as part of net income or as part of stockholders' equity. d. IAS 39 allows companies to choose between recognizing gains and losses on trading securities as part of net income or as part of stockholders' equity.
There are many advantages associated with the utilization of e-learning. Please briefly describe five advantages associated with e-learning.
What will be an ideal response?