Answer:
E. $2,688.77
Explanation:
We need to calculate the PMT of an ordinary annuity at 6%
PV 402,000
time:
85 years - 62 years = 23 years of retirement
23 years x 12 months per year = 276 months
rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005
C $ 2,688.766
<em>She can withdraw 2,688.76 per month</em>
The correct option is b.) profitability ratios
Ratios that provide valuable information to shareholders are profitability ratios.
<h3>What is profitability ratios?</h3>
Profitability ratios are a type of financial metric that is used to evaluate a company's ability to generate profits relative to its revenue, operational costs, balance sheet assets, as well as shareholders' equity over time, utilizing data from a single point in time.
Some key features regarding the profitability ratios are-
- Profitability ratios are comparable to efficiency ratios, which take into account how well a corporation uses its assets from within to earn revenue (as opposed to after-cost profits).
- Profitability ratios show how well a company is generating profit & value for its shareholders.
- Higher ratio outcomes are frequently more favorable, but when compared to similar company results, the company's own past results, or the industry average, these ratios provide significantly more information.
To know more about profitability ratios, here
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Answer:
The correct answer is A
Explanation:
Price floor, also referred to as the minimum price, which is described as the lower limit placed by the regulatory authority or the government on the price which is per unit of the product or the commodity.
Non- binding price floor, means that the price floor is less than the present price of the market, and the equilibrium price will be more or above the price floor.
So, when the price floor is not binding, then the market will be shortage or less than from the present price.
Answer:
The correct answer is $ 103,000.
Explanation:
Conversion costs are the costs incurred for turning raw materials into finished products. If you add direct labor costs and manufacturing costs, the sum that you get will be the conversion cost. In other words, conversion costs equal the cost of production minus raw material cost.
So here Conversion cost can be calculated by adding labour and manufacturing cost. Raw material cost is not included in conversion cost.
Coversion cost = 33,000 + 70,000 = 103,000 dollars
