6 Ways To Improve Your Relationship With Money 1. What do statistics show about most Americans’ financial management?

- Statistics show that 46% of Americans couldn’t come up with at least $400 in an emergency and 60% will face an emergency in less than 12 months.

2. Why do many people have a fraught relationship with money?

- Many people have a fraught relationship with money because having money or lack of money can comes judgement, anxiety comes, and insecurities come.

3. Explain how having an honest conversation about money can affect a person’s ability to take control of their finances.

- Having an honest conversation about money can affect ones ability to control finance because people spend money that aligns with goals, whether their good goals, achieving goals, or selfish reasons for gain.

4. Why are short-term and long-term goals important when it comes to money? Give an example of each.

- Short-term a

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. rahal's accounts receivable at december 31, 2018, are:

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.