Answer:
The amount to be deposited each year till retirement = $2,287.31.
Amount needed on the retirement date = $2,343,311.99.
Explanation:
Amount needed on the retirement date in order to support the withdrawals post retirement is $2,343,311.99.
calculated using the PV function of Excel as follows: See the first attached file
The amount to be deposited each year till retirement is $2,287.31.
calculated using PMT function of Excel as follows: See attache file 2
Answer: E. All of the above
Explanation:
In process costing, all of the above are used. Process costing is used for the production of goods that a re homogenous so the cost is the same for all the goods.
First one must visualize the flow of the goods to see the costs they incur at each stage. The equivalent units should then be calculated as this would show the number of units that the cost is being assigned to. Next is to divide the costs incurred by the equivalent units to find the cost per unit. Then calculate the cost of goods manufactured based on the manufactured and ending inventory
Answer:
There are five methods of storing vegetables and fruit: drying, canning, curing and salting, freezing and common storage. Which method is chosen depends upon the type of produce, the quality desired and the facilities available for storage. ... Avoid damaged, cut, bruised and pest or disease infested produce.
Explanation:
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Kathleen Murray’s taxable income for 2017 is $45,000 which is within the tax income bracket of $37.950 to $91,900. Tax rate is 25%, and tax owed is $5,226.25 plus 25% of the excess over $37,950.
$45,000 - $37,950 = $7,050, excess over $37,950
Tax owed = $5,226.25 + 0.25 x $7,050
Tax owed = $6,988.75