Answer:
Annual deposit= $21,568.87
Explanation:
Giving the following information:
You have just turned 30 years old. Every dollar in the plan earns 9 % per year. You cannot make withdrawals until you retire on your 60th birthday.
You will need $ 98,000 per year starting at the end of the first year of retirement and ending on your one-hundredth birthday.
First, we need to calculate the total amount needed at age 60.
Final value= 30years*98,000= $2,940,000
To calculate the annual deposit we need the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (2,940,000*0.09)/[(1.09^30)-1]= $21,568.87
Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
Answer:
Marginal Utility
Explanation:
Marginial Utility is the term used to describe the additional amount of utility (utils) given by consuming one additional unit of a product.
For example, the first bite of a cupcake could be 20 utils.
If the second bite of cupcake adds 15 utils (up to 35 utils), then the marginal utility is 15 utils.
Answer:
Letter c is correct. Competitor analysis
Explanation:
Competitor analysis is a vital practice for those who are starting a business and who already have a consolidated brand in the market. Conducting a competitor analysis helps you better understand the marketing landscape and understand how your organization's positioning stands with its competitors.
By evaluating competitors, it is possible for a company to find development opportunities and better understand which challenges and continuous improvements need to be implemented. Competitor analysis can be conducted through market research, press, commentary and opinions, the internet and advertising.
