Answer: D. and assuming they retire at age 50, Cindy will have over 50% more than Melvin
Explanation:
Since Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50 while Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50 with a 5% annual interest on their funds, then we can deduce that if they retire at age 50, Cindy will have over 50% more than Melvin.
Therefore, the correct option is D.
Answer:
Inferior goods are goods that are bought less as income of buyers increase.
Explanation:
In business, inferior goods can be described as goods that experience declines in their demand or sale when the income of buyers or consumers increase.
This implies that there is a negative relationship between the demand of inferior goods and the income of the buyers.
Put in another way, inferiors goods are the more affordable substitutes for goods that are expensive when the income of the consumers fall.
Answer & Explanation:
Straight Line table
<em><u>The straight-line Method</u></em> is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:
195,000 - 9,000 = 181,000
181,000 / 4 = 45,250
Double Declining table
<em><u>The Double declining </u></em>You double the straight line rate
Current Book Value x rate = depreciation expense
190,000 x 1/2 = 95,000
Answer and Explanation:
As we know that
The assets, expenses, and the dividend contains the debit normal balance while the liabilities, revenues and the stockholder equity contains the credit normal balance
Based on this, the classification are as follows
Particulars Debit Effect Credit Effect Normal Balance
(1) Salaries and Wages Expense Increase Decrease Debit
(2) Accounts Receivable Increase Decrease Debit
(3)Service Revenue Decrease Increase Credit
(4) Dividends Increase Decrease Debit
(5 Retained Earnings Decrease Increase Credit
The true economic yield produced by an asset is summarized by the asset's<u> internal rate of return.</u>
<h3>
What is internal rate of return?</h3>
- In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments. IRR is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero.
- The same formula is used for NPV calculations and IRR calculations. Remember that the project's true financial value is not represented by the IRR.
- The annual return is what brings the NPV to a negative value. The more attractive an investment is to make, the greater the internal rate of return.
- IRR can be used to rank numerous potential investments or projects on a pretty even basis because it is consistent for investments of different types.
To learn more about internal rate of return with the given link
brainly.com/question/13016230
#SPJ4