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
E. Objectional plan is the answer
Answer:
A. Karen understans and appreciates religious beliefs of other cultures
Explanation:
Religious belief is part of the cultural elements.
Comprehending and valuing the religious beliefs of other cultures will enable one work effectively with such diverse group of cultures
D. Average and below-average customers.
Consider that below-average customers would lose a company money because below-average customers buy less and potentially cost more than average customers. Therefore, if a company only targeted average and below-average customers, their revenue would be pulled down by the below-average customers and their expenses or costs would be pulled up by the below-average customers. These two factors could contribute to the company losing money.
Answer:
The inventory is valued at $99
Explanation:
The lower of cost and net realizable approach to valuing inventory is used at year end to value stock of inventory and it involves valuing the closing stock at the lower of cost price and net realizable value(NRV).
The net realizable value is the expected sales price less the cost of making the sale.
The cost price is $100
NRV=$110-($110*10%)=$99
Since the NRV is lower,the inventory item is valued at $99 per item of inventory.
