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REY [17]
3 years ago
7

You plan to retire at age​ 65, and you want to have enough money in your savings account to withdraw​ $54,000 every year for 20

years after that. Your account earns​ 9% interest per year. If​ you're currently​ 30, how much money do you need to put in the account each year until​ you're 65​ (35 years) to make that​ happen? ​ (Note: You put in the last deposit in one year and make the first withdrawal in the next. There is no​ gap.)

Business
1 answer:
leonid [27]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manuf
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Answer:

The correct answer is A.

Explanation:

Giving the following information:

Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manufacturing costs $16.00 per square

Manufacturing cost= direct material + direct labor  + manufacturing overhead

MC= 12,000 + 16* 50,000= $812,000

5 0
3 years ago
Consumer surplus is A. the difference between the highest price a consumer is willing to pay and the price the consumer actually
ss7ja [257]

Answer is A

Explanation: Consumer surplus actually happens when a customer is willing and ready to pay for a particular product than its current market price. It is a measure of the additional benefits a consumer gets after paying for a product even though they are willing to pay more.

For example: Let's assume you want to get a IPhone 8 plus and you value it at $800 dollars, which you are ready to pay, but realise it is sold at $700. When you buy it at $700, the customer surplus is $100, that is a difference between how much you were willing to pay and the price you eventually got it.

Consumer Surplus changes as the equilibrium price of a good rises or falls. If the price of a good rises, the consumer surplus decreases but when the price of the good falls, the consumer surplus increases.

3 0
3 years ago
The managers most important food safety responsibility is training you to
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There are lots of responsibilities of a manager training their employees to handle food. Such as training the employees to clean the food prep area, thoroughly cook food and store food in the right temperature, and to wash their hands as well as tie their hair back.
8 0
3 years ago
Read 2 more answers
Suppose the government introduces tax incentives to increase private household saving. What would be the effect on net capital o
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6 0
2 years ago
Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations.
elena-s [515]

Answer:

a. $131,880

b. $167,310

c. $156,050

d. $151,390

Explanation:

(a) Income from operations

Income from Operations is Income resulting from Primary Trading Activities of the Company.

Income from Operations = Gross Profit + Operating Income - Operating Expenses

where,

Gross Profit = Sales - Cost of Goods Sold

                    = $334,910 - $149,030

                    = $185,880

thus,

Income from Operations = $185,880 - $54,000 = $131,880

(b) Net income

Income resulting from Primary and Secondary Trading Activities of the the Company.

Net income = Income from Operations + Non Operating Income - Non Operating Expenses

                   = $131,880 + $32,710 + $9,080 - $6,360

                   = $167,310

(c) Comprehensive income

Income from both Continuing and Non - Continuing Activities.

Comprehensive income = Net income + Non - Continuing Activities

                                         = $167,310 - $11,260

                                         = $156,050

(d) Retained earnings balance at December 31, 2020

The Income remaining after distributions to shareholders have been made.

Retained earnings = Comprehensive income  - Dividends

                               = $156,050 - $4,660

                               = $151,390

8 0
3 years ago
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