Answer:
After 44year at interest rate of 6%
You will have $12,985.5 in your account
Explanation
Step one
Applying the compound interest formula we have A = P (1 + r/n)^nt
A = Final amount
r= nominal annual interest rate in percentage terms,
and n = number of compounding period
Where P = Principal
t= time in years
Given p=$1,000
n=44
r=6%
Step two
Inserting our given information
A=$1000 [(1 + 0.06/1)^44*1]
A=$1000 [(1.06)^44*1]
A=$1000*12.9854819127
A=$12,985.5
Answer:
Havana's 2016 actual return on plan asset is $504 thousand.
Explanation:
Havana's 2016 actual return on plan asset is $504 thousand.
Let actual return be x.
Ending balance of plan assets = Beginning balance of plan asset + Actual return + Cash Contributions - Retiree benefits
$6,336 = $5,760 + x + $696 - $624
x = $6,336 - $5,760 - $696 + $624
x= $504 (answer).
Answer:<u><em>The cash register will alert Megan McKinney, the controller, that something is wrong.</em></u>
In this case the cash register provides control over the cash receipts. When Kristof, took the cash from the register , the records from the register will not match the cash in the register.
The cash in the cash drawer will be $650 lower than the amount recorded in the cash register.
The answer would be racism and sexism, I hope this helps!
Answer:
Differences Between a Defined Contribution Pension Plan and a Defined Benefit Pension Plan.
With a defined contribution pension plan, the benefit that will accrue to the employee is not known or defined ahead of her retirement. But the contributions that will be made by the employer and the employee to fund the pension are clearly spelt out.
With a defined benefit pension plan, the benefit (i.e. the monthly payment to the retiree) is stated ahead of the pension time. It is based on the employee's tenure and salary. Employees do not contribute to the plan but are entitled to lifetime monthly payments.
Explanation:
The employer and each employee contribute some certain percentages to each worker's individual retirement account (IRA) under the defined contribution pension plan. Under the defined benefit pension plan, the employer is solely responsible for funding the plan and the employee benefits via a monthly payment from the funding plan during retirement.
