Answer:
54.39 years
Explanation:
For computing the age at the time of retirement, first we have to determine the number of years by applying the NPER formula which is attached on the spreadsheet.
Given that,
Present value = $0
Future value = $1,000,000
Rate of interest = 8% ÷ 12 = 0.66667%
PMT = $500
The formula is shown below:
= NPER(Rate;PMT;PV;-FV;type)
The future value come in negative
So, after solving this, the number of year is
= 400.7439346252 ÷ 12 months
= 33.39 years
Now the retirement age is
= 33.39 years + 21 years
= 54.39 years
Answer:
WACC 11.80960%
Explanation:
<u>For the cost of capital we will use the CAPM model</u>
risk free 0.09
market rate 0.13
premium market = (market rate - risk free) = 0.04
beta(non diversifiable risk) 1.8
Ke 0.162 = 16.2%
<u>Then we can calculate the WACC</u>
Ke=cost of capital= 0.162 (according to CAPM)
Equity weight =0.5
Kp= return on preferredstock = 0.13
Preferred Weight = 0.1
Kd= we use the actual market rate for the bebt = 10.04% = 0.1004
Debt Weight = 0.4
tax-rate = 40% = 0.4
WACC 11.80960%
Answer:
For an operating lease
Explanation:
Operating leases are simply expensed in the period in which they occur. There is no finance cost portion relating to the lease and the amount payable is recognised as an expense in the income statement for the period for which it's relevant.
Answer:
Anne Mullens committed embezzlement.
Explanation:
Embezzlement is defined as misappropriation of funds by someone with whom funds have been entrusted.
It is a theft as the money does not belong to the perpetrator. The perpetrator is only entrusted with funds.
One of the conditions for embezzlement is an existence of a fiduciary (trust) relationship between parties.
In the given case, Anne Mullens pocketed $57 cash from recorded amount instead of recording 57$ customer's payment via check. Instead she included the customer's check in the money to be taken to bank.
This is embezzlement of funds by Anne.
An avenue that is designed for employees or managers, so they can explain compensation policies as well as practices is Communication portals.
- Communication portals serves as environment that allows both the employees and managers to ask questions and lay complaint.
- This system allows to get some answers to questions and how these systems affect their pay.
Therefore, Communication portals is the correct term.
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