Answer:
The retirement fund will last for 33 years and 7 months
Explanation:
We need to solve for time in an ordinary annuity
C $15,000.00
rate 0.004 (4.8% divide by 12 month)
PV $3,000,000
time n
we clear for n as much as we can and solve
now we use logarithmic properties to solve for n:
-403.16
this will be a value in months so we divide by 12 to get it annually
403/12 = 33,5833
we convert the residual to months:
0.5833 x 12 = 6.996 = 7 months
The second step is the enforcement of the regulation.
Usually, the justice department in untied states will provide several workers from various agencies to make sure that the regulations created is being done.
These workers usually will be given a certain amount of power, such as giving warnings/punishment to the employers that is dare to break the rules.
Coke and Pepsi are examples of soft drinks.
Hope this helps!
Have a great day!
The Retained earning for White Corporation is $5,200 for the year ended December 31, 2012.
<h3>What is retained earning?</h3>
After deducting all of a company's overhead expenses, income taxes, and profits for shareholders, the amount of profit left over is known as retained earnings.
Following is the statement of retained earning for White Corporation-
Retained Earning $2,000
<u> less(Dividend) -$800</u>
Balance = $1,200
add(Net income) +$3000
<u>add (Rent Expense) +</u><u>$1,000</u>
Retained earning = $5200
Therefore, the Retained earning for the year ended on December 31, 2012 of White Corporation will be $5200.
Learn more about Retained earning, here:
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