Answer:
Instructions are listed below.
Explanation:
Giving the following information:
You have 45 years left until retirement and want to retire with $4 million. Your salary is paid annually, and you will receive $50,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn an annual return of 9 percent on the money you invest.
n= 45
FV= 4,000,000
i= 9% + 3%= 12%
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (4,000,000*0.12)/{(1.12^45)-1}= $2,945
5.89% per year.
Explanation:
D: A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans
These three together form total market, so here we have to add up everything to know volume of the market
A+B+C = 1,275,000 is the total market
Then we have to calculate individual market share
which would eb 1) 28.2%, 2) 50.9%, 3) 20.8%
This can be calcualated by simple percetage calculation. ( 1275000-360000/1275000*100)-100 will give what share each has.
Then we apply HHI formula
HHI = s1^2 + s2^2 + s3^2 + ... + sn^2
HHi is nothing but squaring of each of the percentages and adding them up
(28.2)2 +(50.9)2 +(20.8)2
812+2590+432 = 3834
HHI of 3834 shows it is highly competitve market.
Answer:
Plum Corporation
The best choice is:
B. Assume that Plum will distribute its after-tax earnings each year to its shareholders. Should Plum operate as a C corporation or an S Corporation?
Explanation:
a) Tax is the greatest difference existing between a C corporation and an S corporation. With a C corporation, the earnings are taxed twice. When the C corporation earns income, it is taxed as a corporation. When it distributes the after-tax earnings, the owners are taxed again in income tax. This does not happen with an S corporation. The S corporation does not pay corporate tax, instead, its owners pay their individual income taxes because the corporation's incomes are passed through the members.
