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Karolina [17]
3 years ago
14

You are planning to save $1,000,000 for retirement over the next 30 years. If you are earning interest at the rate of 6% and you

spend all the money in 20 years after retirement, what annual level of living expenses will those savings support?
Business
1 answer:
WARRIOR [948]3 years ago
6 0

Answer:

The retirement fund will provide 87,148.56 dollars per year during 20 years

Explanation:

The plan is to achieve 1,000,000 in 30 years.

Then we will spend them equally during a period of 20 years

We want to knwo how much will the retirement account provide.

So, we need to calculate the cuota of an annuity of 20 years with a presenet vale of 1,000,000 dollars at 6% discount rate:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $1,000,000.00

time 20 years

rate 6% = 6/100 = 0.06

1000000 \times \frac{1-(1+0.06)^{-20} }{0.06} = C\\

C  $ 87,184.56

The retirement fund will provide 87,148.56 dollars per year during 20 years

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An information security analyst needs to work with an employee who can answer questions about how data for a specific system is
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Answer:

The correct answer would be, Owner. The analyst should seek out an employee who has the role of owner.

Explanation:

An information security analyst is a person who make the computer systems of a company Safe and Secure. Firewalls and Data Encryption programs are being installed by the information security analysts in order to safeguard the company's information. Also new security trends are  updated on regular basis and they keep the management informed about the security of the data and information. While developing the security program for the company, the best person who can answer the questions, about how data for a specific system is used in business and up to which extent the security is required for specific data and information, is the owner. The owner is the one who can tell the security analyst to do what he wants and requires.

3 0
3 years ago
Barrington Bears has developed the following sales forecasts for the next few months. January 500, February 600, March 720, Apri
Oduvanchick [21]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Barrington Bears has developed the following sales forecasts for January 500 units.

BB has 80 bears on hand on Dec. 31. The normal ending inventory policy is to hold 20% of next month’s sales.

Direct labor is paid $18 per hour. Each bear takes 40 minutes to hand-finish. Variable overheads total $21 per direct labor hour. Fixed overheads amount to $25,000 per month.

First, we need to calculate the production for January.

Sales= 500 units

Ending inventory= (600*0.2)= 120 units

Beginning inventory= 80 (-)

Total= 540 units

Conversion costs= direct labor + manufacturing overhead

Direct labor= [(40/60)*540]*$18= $6,480

Variable overhead= 21*360 hours= $7,560

Fixed overhead= $25,000

Total conversion costs= $39,040

5 0
3 years ago
Josh is a vice-president for 20th Century Fox, a movie production company. He has the responsibility for managing the firm’s mar
Umnica [9.8K]

Answer:

The answer is letter B

Explanation:

B. link film producers to other middlemen.

8 0
3 years ago
If firms compete in a cournot fashion, then each firm views the
Aleks [24]
??? what are the answers
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A manager has received an analysis of several cities being considered for a new office complex. The data (10 points maximum) are
Solnce55 [7]

Answer:

a) If manager weighs factors equally, the composite factor rating scores will be A = 5.6, B = 6.3, and C = 6.3 approximately.  B and C are equal and better than A in terms of highest average score.

b) When double weights are assigned to business services and construction costs, the composite factor rating scores will be A = 5.9, B = 6.1, and C = 6.0 approximately.  B is the best in terms of highest average score.

Explanation:

Composite Factor Rating scores are obtained by obtaining the mean or average of the scores under each location in order to give data points that can be used for making decisions.

The assignment of weights will differentiate the factors and change the decision outcome.

An excel copy is attached showing the derivations for a and b.

Download xlsx
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3 years ago
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