Answer:
Amount withdraw each year = $ 186,991.24
Explanation:
Amount accumulate at the time of retirement = FV of Current Investment in Bond + FV of Current Investment in Stock + FV of annuity deposited in bond
Amount accumulate at the time of retirement = 162000 x (1+7.5%)^10 + 602000 x (1+11%)^10 + 7800 x ((1+7.5%)^10 -1) / 7.5%
Amount accumulate at the time of retirement = $ 2,153,565.83
Amount withdraw each year = Amount accumulate at the time of retirement/Annuity factor
Amount withdraw each year = 2153565.83 / ((1-(1+6.75%)^-23) / 6.75%)
Amount withdraw each year = $ 186,991.24
Jose uses the power of his position to help his employees grow and succeed. Jose is using socialized power.
<h3>
What is Socialised Power? </h3>
- Effective leadership is frequently linked to socialized power demand.
- Instead of just advancing the position and wealth of the leader, these leaders use their influence in ways that are socially beneficial to others and the organization.
- They crave power because it is only with the power that things can be done.
- People are the wellspring of social power. Society derives its force from people's aspirations, vigor, and capacities. Individual power becomes societal power when it is organized and directed through a system.
- Power is necessary to effect change. Changes can be achieved when there is no power, but it will take a lot of fight and effort to make even a small difference.
To learn more about Power refer to:
brainly.com/question/15850255
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Yes they should because it takes time to learn new things at a new job
Answer:
3 years
Explanation:
Calculation to determine The payback period
Using this formula
Payback period=Capital investment/ Increase cash flows
Let plug in the formula
Payback period=$45,000/$15,000
Payback period=3 years
Therefore The payback period is 3 years
Answer:
departmentalization
Explanation:
The departmentalization is a means to organize the activities of the company, in order to facilitate the achievement of its objectives, it consists in the coordination in the combination and / or adequate grouping of the activities necessary for the organization in specific departments.
