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Greeley [361]
3 years ago
12

You are saving for retirement. To live​ comfortably, you decide you will need to save $ 2 million by the time you are 65. Today

is your 23 rd ​birthday, and you​ decide, starting today and continuing on every birthday up to and including your 65 th ​birthday, that you will put the same amount into a savings account. If the interest rate is 5 %​, how much must you set aside each year to make sure that you will have $ 2 million in the account on your 65 th ​birthday?
Business
1 answer:
vichka [17]3 years ago
4 0

Answer:

Annual deposit= $14,789.43

Explanation:

Giving the following information:

You decide you will need to save $ 2 million by the time you are 65.

The interest rate is 5 %​. The number of years until 65 is 42.

We need to use the following Final Value formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (2000000*0.05)/[(1.05^42)-1]= $14,789.43

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Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $730,000 and cost of good
NeTakaya

Answer:

$186,900

Explanation:

The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.

As such, the net operating income/loss is the difference between the sales and the total costs .

To get the net income, we would first get the gross income.

Gross income

= $730,000 - (40% * $730,000)

= $438,000

Next we must compute the net income before tax. This is the difference between the gross income and the operating expenses

= $438,000 - $90,000 - $81,000

= $267,000

Income tax expense = 30% * $267,000

= $80,100

budgeted net income for 2018

= $267,000 - $80,100

= $186,900

8 0
3 years ago
Salespeople selling in foreign markets should tailor their presentations and closing styles to each market.​
Rasek [7]

The best answer to this question would be (A) True.

This is because culture will impact how your potential customers view your product. Even in the same country, different approaches should be used if the cultural divide is too vast between one area to the other.

An approach that works, for example, for urban customers in New York City, might not work with another set of urban customers based in Tokyo. Recognizing what works for each market means that you will be able to reap the best outcome possible from all of them.

3 0
2 years ago
Identify a mechanism that allows employees to report wrongdoing and to create further mechanisms for follow-up and enforcement.
adelina 88 [10]

Answer:

Ethics Hotlines

Explanation:

There are various ways in which employees can report bad behaviour at workplace, Ethics hotline is one such mechanism. It is used by most of the countries in US. It is a phone line that an employee can uses to report bad behaviour. The employees identity is kept secret to prevent retribution from angry peers. Inappropriate behaviour, sexual harassment and financial abused can be reported via ethics hotline.

4 0
3 years ago
Refrez Inc., a U.S.-based cereal manufacturer, begins selling its products in China. While people in the United States eat cerea
STALIN [3.7K]

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Explanation:

A research design is a blue print that a company prepares for conducting  marketing research .

A firm collects quantitative data by conducting surveys and asking the customers or consumers to fill the forms (questionnaires).These surveys and questionnaires helps the company in making product related decision in various markets.(i.e how to customize the product as per the taste and the preferences of the consumers)

<u>The obstacle to defining the research problem was that the company failed  in collecting quantitative data /Selection of inappropriate respondent resulted in wrong output.Hence the company Refrez Inc failed to acknowledge the fact that people in the United States eat cereal with cold milk, whereas the people of China eat cereal with hot milk.</u>

As a result, Refrez Inc witnessed a decline in sales of its product in Chinese market .

6 0
3 years ago
Consumers are limited in the total utility that they can gain from buying products because they have limited
Cloud [144]

Answer: income i think

Explanation:

6 0
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