Oh man this is a tough one.... i love u!
Answer:
16.67%
Explanation:
Calculation to determine what percentage of your salary must you save each year
First step is to calculate the Annual savings
Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]
Annual savings=$5 million*0.07/(1.1^40-1.03^40)
Annual savings=$8333.88
Now let determine the percentage of the salary you must save each year
Proportion of savings=$8333.88/$50,000
Proportion of savings=0.1667*100
Proportion of savings=16.67%
Therefore the percentage of your salary that you must save each year is 16.67%
Answer:
A.$23,109.09
B.$114,829.09
C. 22.1%
Explanation:
a.
Interest expense 95,118
Interest (income) (9,144)
Other non-operating (income), net 23,517
($95,118 - $9,144 – $23,517)
= $62,457 ×37%
=$23,109.09
b.
Provision for income taxes $91,720 +$23,109.09 =$114,829.09
c.
$114,829.09/519,233
= 0.22 ×100
= 22.1%
On May 1, Pierce Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest.
The journal entry Pierce will record on February 1 will include the total proceeds from the February 1 sale credit to Gain on Sale of Investments for $1,500
(this would also include a
Dr: Cash for $51,500
Cr: Investment-Stanton Company for $50,000)
Interest is the monetary fee for the privilege of borrowing money, usually expressed as an annual rate (APR). Interest is the amount a lender or financial institution receives for lending money.
In finance and economics, interest is a payment made by a borrower or deposit-taking financial institution to a lender or depositor in excess of the repayment of principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, the bank will pay you interest. Banks pay you to hold your money and use it to invest in other transactions.
Learn more about interest here
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Answer:
The correct answer is letter "D": As juice and soda cost the same, Ana buys the drink that she expects will yield her the greatest benefit.
Explanation:
Consumer equilibrium refers to the point where consumer gains maximum satisfaction from consuming a determined number of goods or services which makes the consumer reluctant to change his or her consumption pattern. For this to be possible, the products consumed by individuals must provide a higher yield than the forgone products. Usually, there no other factors influencing consumers' decisions implying the price levels of those products are the same.
