Answer:
The amount of money you must save each year to meet your retirement goal is $7,462.86
Explanation:
Acording to the data, we have the following:
Future value =$590,000 , N = 30 years and I = 6%
Therefore, to calculate the amount of money you must save each year to meet your retirement goal you have to use the formula of the future value.
Future value = yearly deposit * FVIFA (N,i)
$590,000 = deposit * FVIFA (30 , 6%)
Deposit = $590,000 / 79.0582 = $7,462.86
. Money to save each year.
I believe the answer is: Prepare documents to present in court as evidence.
Fraud examiners refer to the people whose main duty is to conduct a through investigation regarding dishonest practice that conducted by a certain organizaion. Preparing documents to be presented in court is part of their final task after various data/evidence regarding the fraud has been gathered.
Ed Bostrom wants to reduce the fixed expenses he has to find a place to live with a lower rent
An expense is an item that generally requires an outflow of money or some form of property to another person or group in payment for an item, service, or another category of expense. For tenants, rent is an expense. For students and parents, teaching is a cost. Buying groceries, clothes, furniture, or a car is often referred to as an expense.
Expenses are expenses that are usually "paid" or "remitted" in exchange for something of value. What looks tall is "high". Anything that looks cheap is "cheap". "Dinner Expenses" means expenses such as meals, snacks, and feasts.
Learn more about expenses here
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Explanation:
They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.
Answer:
$25,200 and $58,800
Explanation:
The computation of the depreciation expense and the book value using the sum-of-the-years'-digits method is shown below:
The depreciation expense is
= (Purchase cost - residual value) × useful life ÷ (sum of years)
= ($84,000 - $8,400) × 5 years ÷ (1 + 2 + 3 + 4 + 5)
= $75,600 × 5 years ÷ 15 years
= $25,200
And, the book value is
= Purchase cost - depreciation expenses
= $84,000 - $25,200
= $58,800
We simply applied the above formulas
