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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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The management of Woznick Corporation has been concerned for some time with the financial performance of its product V86O and ha
kumpel [21]

Answer:

a. ($35,000)

Explanation:

The computation of the financial advantage or disadvantage of dropping product V860 is shown below:

= Sales - Variable cost - Avoidable fixed manufacturing - Avoidable fixed selling

= $150,000 - $72,000 - $30,000 - $13,000

= $35,000

This $35,000 would be a financial disadvantage and the fixed cost should not be considered as it is not held for decision making purpose

Hence, the correct option is a

6 0
3 years ago
According to most​ economists, is it a serious shortcoming of GDP that it does not count household production or production in t
Ghella [55]
<h2>No. "Household production" does not contribute much to the GDP.</h2>

Explanation:

To arrive at the reason, first we need to understand the term "GDP" and "shortcoming"

Shortcoming means failure to meet certain expectations.

GDP: It is the snapshot of the economy which speaks about the production in certain period.

Since the household production does not come under market transaction and since GDP involves only market transaction, household production cannot be considered and thus it is not a serious reason for shortcoming of GDP.

5 0
3 years ago
Melissa, a salesperson for a cosmetics company, is selling the company's new range of anti-acne products. While selling to prosp
Jlenok [28]

Answer:

Success story commitment technique

C

Explanation:

As a sales person, the primary reason for setting to work is to drive an increase in the sales made by the employer. Hence, sales persons are the ones directly involved and immersed in getting the company shore up its revenue through sales.

To achieve an increment in the sales made by a company, there are several techniques employed by the sales person in order to boost the sales of the products. One of such techniques is referred to as success story commitment technique.

How does this work?

A sales person seeking to apply the approach to a customer purchasing the goods brings out a story about how a person or customer that previously made a purchase had a problem that looks like the problem the present potential buyer is having. The convincing works by telling the potential buyer that the former buyer used the product to solve the problem or issue the present buyer is having and how it worked for him/her. The potential buyer may be convinced by this approach to then purchase the goods

3 0
2 years ago
Read 2 more answers
When the Fed wants to expand the money supply through open market operations, it:______
Volgvan

Answer:

A.

Explanation:

When the Fed wants to expand the money supply through open market operations, it purchases government securities from member banks. They do this in order to control the amount of money that travels through the countries banking system so they can move along with the monetary policies that they have in place.

6 0
3 years ago
The need for change to automated sales at Bergman’s most likely arises from a(n) ______ force.
Andrews [41]

Answer:

Behavioral Force

Explanation:

Priya acknowledges that competitors are changing its purchase method to an automated one. She sees the trend in consumer behavior and establishes that Bergman has to adopt this new method to be up to date in regards to market best practices.

Therefore, she is affected by a behavioral force to change, in this case, the consumer behavior force.  

6 0
3 years ago
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