Which term means the government isn't above the law?

Emelia Vanderpuye retired this morning and has $1.5 million in her retirement account. She expects to live thirty years in retir

baherus [9]

Answer:

The applicable options are:

$7,997.75 $5,842.50 $6,955.93 $8,799.06

The first one ,$ 7,997.75 is correct answer

Explanation:

The amount of monthly withdrawal can be computed using the pmt formula in excel

=pmt(rate,nper,-pv,fv)

rate is the monthly rate of return which is 6%/12=0.5%

nper is the thirty years multiplied by 12 which is 360 months

pv is the current amount in her retirement savings which is $1.5 m

fv is the amount expected to be left in the account for children and grandchildren which is $1 m

=pmt(0.5%,360,-1500000,1000000)=$ 7,997.75

The amount of monthly withdrawal is 7,997.75

8 0

3 years ago

Management is considering using a new component that would increase the unit variable cost by $50. Since the new component would

katrin [286]

Answer:

Because fixed costs will not change, the overall effect on the company's monthly net operating income will be equal to the contribution margin of the product once the new component is added.

Explanation:

The contribution margin is equal to: Revenue - Variable Costs.

We already know that the variable cost will be increased by $50 once new component is added, and that monthly sales are expected to increase by 500 units after that.

Depending on the price of the product, the amount sold, and the variable costs, we get the contribution margin, and this contribution margin will be exactly the same as the overall effect on the net operating income.

7 0

3 years ago

An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate of return of 6.5 percent, com

bekas [8.4K]

Answer:

the amount that willing to pay is $44,591.11

Explanation:

The computation of the amount that willing to pay is as follows:

The Present Value of an Ordinary Annuity is

= Amount × [{1 - (1 ÷ (1 + rate of interest)^n} ÷ rate of interest]

= $1,000 × [{1 - (1 / (1 + 0.065 ÷ 4)^100} ÷ 0.065 ÷ 4]

= $44,591.11

Hence, the amount that willing to pay is $44,591.11

We simply applied the above formula so that the correct value could come

And, the same is to be considered

8 0

4 years ago

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000; Total Liabilities of $15,000; and

Paladinen [302]

Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.

Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity

We know that equity is made up of capital + retained earnings.

If the asset is 195,000, the Liability 15,000 and the capital 60000

195000 = 15000 + 60000

195000 = 75000

195000 - 75000 = Retained earnings

$ 120000 = Retained earnings.

The result of the year is Income - expenses

226000 - 175000 = $ 51000.

Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.

We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.

6 0

3 years ago

Happy Trails, Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Workminusinmin

sertanlavr [38]

Answer:

80 % of materials ; 43 % of conversion costs

Explanation:

The FIFO method traces equivalent units for materials and conversion costs for the following categories :

Opening Work in Process units
Units started and completed
Ending Work in Process units

So the units not completed from last months are the first to be completed during the month (hence To finish Opening Work in Process). During the year there are units started and completed (hence Units Started and Completed) and units started that never gets completed (hence Ending Work in Process units).

All these physical units need to be expressed to the percentage of work done on them - equivalent units.

The question is focusing on Number 3 - Ending Work in Process units. So 80 % of materials and 43 % of conversion costs were added during October for these units.

4 0

3 years ago