1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mkey [24]
3 years ago
10

Your grandparents are talking about their retirement in a year. They told you that they should have enough in their retirement f

unds to pull $50,000 a year for 20 years, starting one year from today. If the discount rate is 5 percent, how much should they have in their retirement account now?

Business
1 answer:
Fittoniya [83]3 years ago
7 0

Answer:

$623,110.52

Explanation:

We use the present value function to calculate the amount available now that is shown in the attached spreadsheet. Kindly find it below:

Future value = $0

Rate of interest = 5%

NPER = 20 years

PMT = $50,000

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

So, after solving this, the present value is $623,110.52

You might be interested in
Kingston Co. uses the percentage-of-receivables basis to record bad debt expense.
Troyanec [42]

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $2,700

      To Allowance for doubtful debts $2,700

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)

= ($420,000 × 1%) -  ($1,500)

= $4,200- $1,500

= $2,700

4 0
3 years ago
Brain Wing Inc. has won the bid to build airplanes for a host country government. However, the execution of the contract has bee
Anika [276]

Answer:

D. speed money.

Explanation:

Speed money or grease money are monies payed to fasten a routine process. For example to gain approval for a project, to clear a shipment.

Speed money differs from bribery because the end result is something that will be done with or without the speed money, so it is given to speed the process along.

Sometimes speed money is obligatory. To show it was payed legally documentation should be done.

7 0
3 years ago
Read 2 more answers
Imagine your client would like to complete a tax inversion, acquiring a foreign company in Switzerland and moving the domicile o
otez555 [7]

Answer:

b

Explanation:

4 0
3 years ago
An increase in the price of bread produced domestically will be reflected in:
Zina [86]

The increase will reflect in the GDP deflator and the Consumer price index.

The GDP Deflator is used to measure the level of prices of all new and domestically produced goods and services in an economy.

  • So, when there is an increase in price, the nominal GDP (Increased), so the GDP deflator Increased as well.

.

Consumer Price index is used to measure the inflated price of goods and services which are faced by all consumer households.

  • So, when there is an increase in price, there is change in CPI .

Read more on this here

<em>brainly.com/question/14868990</em>

3 0
2 years ago
Colil Computer​ Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the produc
Natasha2012 [34]

Answer:

D. $246,000

Explanation:

As per the given question the solution of direct material cost assigned to good units​ completed is provided below:-

To reach Cost transferred out we need to follow some steps which is following below:-

Step 1. Cost per unit = cost of material used ÷ Units started

= $300,000 ÷ 12,500

= $24

Now,

Step 2. Goods units completed = Started units × Cost per unit

= 6,250 × $24

= $150,000

Step 3. Normal spoilage = Cards units × Cost per unit

= 4,000 × $24

= $96,000

and finally

Cost transferred out = Goods units completed + Normal spoilage

= $150,000 + $96,000

= $246,000

To reach allocation of Cost transferred out we simply put the values into formula.

7 0
3 years ago
Other questions:
  • A piece of equipment costs $30,000, and is expected to generate $8,500 of annual cash revenues and $1,500 of annual cash expense
    12·1 answer
  • The national institute for standards and technology is within which federal agency?
    10·1 answer
  • A favorable direct materials cost variance occurs when the actual direct
    10·1 answer
  • Offering material inducements to gain international cooperation is an example of:
    8·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    6·1 answer
  • When a firm is given monopoly power, it loses its freedom of contract, and a governmental body is given the power to determine t
    15·1 answer
  • If a stock were overpriced, it would plot A) above the security market line. B) below the security market line. C) on the securi
    14·1 answer
  • Paid $1,300 towards principal of the notes payable<br> What is the credit and debit for this?
    5·1 answer
  • What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
    5·1 answer
  • Utimately, to be successful, a business must
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!