To obtain $225,000 in 18 years it is necessary to save or invest at least 1,041.66 every month and 12,500 every year.
We know the total money that needs to be saved to cover college education is $225,000 and the time to save up this money is 18 years. Based on these two details, let's find out how much you need to save every month and every year.
Total of months:
- 12 months x 18 years = 216 months.
The total you need to save per month:
- $225,000 / 216 = 1,041.66.
The total you need to save per year:
- 1,041.66 x 12 = 12,499.99 that can be rounded as 12,500.
Note: This question seems to be incomplete; however, I answered it based on the information provided.
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Answer:
Provide meeting structure
Explanation:
Meeting Structure is the way in which both the information and the participants are organised to achieve the purpose/objectives of the meeting.
Answer:
$22,000
Explanation:
Current liabilities are debts that a company must pay within a twelve month period.
This company's current liabilities are:
- Accounts payable $15,000
- Interest payable $7,000
Total current liabilities = $15,000 + $7,000 = $22,000
Since the note payable is due in 18 months, it is not considered a current liability.
Answer:
1. a. For Beck Inc = $5
b. For Bryant Inc. = 2.5
2. For Beck Inc = $100,000
For Bryant Inc. = $150,000
Explanation:
The computation of given question is shown below:-
a. Operating leverage = Contribution ÷ Net income
For Beck Inc
= $500,000 ÷ $100,000
= $5
For Bryant Inc.
= $750,000 ÷ $300,000
= $2.5
2. Operating income = Current Earning before interest and tax × Percentage increase in profit
For computing the operating income first we need to compute the increase in profit.
Increase in profit = Operating leverage × Percentage
For Beck Inc. = $5 × 20%
= 100%
now we put into formula
= $1,00,000 × 100.00%
= $100,000
For Bryant Inc. = $2.5 × 20%
= 50%
now we put into formula
= $3,00,000 × 50%
= $150,000
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Explanation:
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