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Nitella [24]
3 years ago
6

Your aunt ruth has $500,000 invested at 6.5%, and she plans to retire. she wants to withdraw $40,000 at the beginning of each ye

ar, starting immediately. how many years will it take to exhaust her funds, i.e., run the account down to zero?
Business
2 answers:
Svetlanka [38]3 years ago
5 0
<span>The correct answer is 23 years</span>
Burka [1]3 years ago
3 0
The answer should be 24 years.
hope this helps :)
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On January 1, 2011, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30
horsena [70]

Answer:

Explanation:

Bonds are corporate debt units that are issued by firms inform of financial securities and  are traded as tradeable assets. It is basically referred to as a fixed income instrument since bonds conventionally are paid a certain fixed amount of interest rate (coupon) to its respective debtholders.

going by the question Upon issuance, Ozark should

Credit premium on bonds payable $100,000

Because face value of bonds =  $10 million but issue price is  $10 million * 101 % i.e $ 10100000

So, premium = 10100000 - 10000000 = $ 100000

5 0
3 years ago
Read 2 more answers
As distribution manager, hassan is constantly gathering information about shipping rates, improvements in logistics analysis, an
Nastasia [14]

There are different kinds of roles in distribution. Hassan is playing the Monitor role.

<h3>What are the roles of a monitor? </h3>
  • A Monitors is known to be vital in overseeing compliance with an Integrity Pact that has been entered by the parties involved. They help to coordinate communication between the parties and also the public.

Monitors are given the powered to receive reports of any unfair practices and handle them as in the case with Hassan.

Learn more about Monitor role from

brainly.com/question/10794095

7 0
3 years ago
You run the Social Security Administration. What about this chart might worry you?
AURORKA [14]

Answer:

The amount of taxpayers that are part of the "older generation" is slowly rising and is higher than the amount in 1997.

Explanation:

Remember to run a successful government, you must have the income in which to run the government programs. Most of these funds come from taxpayer's. In this case, it is clear that younger people generally make more as well as are generally healthy, leading to a large amount of input of money into the government, with fewer withdrawals. This would give a huge boost to the government budget. Older people on the other hand tend to not work as much, so their taxes are generally lower. They also withdraw more from the Government through Social Security, and so leaves the government with a negative balance from them in most cases.

The chart on the other hand shows a <em>increase of percentage of older people</em>, which leaves a large gap in between the surplus and the spending, leading to a decrease of funding for the government. If this continues, the government would lose money, and would have to cut programs or face collapse. To fix this, they either have to, like stated above, cut programs, or give more taxes. Both are unacceptable to the American Public, which is what makes the government, as well as the average citizen, worried about the US government's funding surplus.

~

8 0
3 years ago
Read 2 more answers
Keith has won the lottery and now has more money than he ever dreamed of having. this incident will likely affect keith's develo
Alexxandr [17]
<span>This is an example of "Non-normative life event".


Non-normative life events refers to those events that happen surprisingly, for example, catastrophic events, loss of a relative and war or winning a lottery which is unexpected. Indeed, even in cases that passing or sickness, in particular ages, are factually viewed as regularizing, they are really non-regulating. They are as yet startling and undesired occasions, related with serious impacts. Non-normative events might be included both negative and positive occasions, for example, passing of a darling individual or winning in a lottery. Be that as it may, in the two cases, they are unexpected and slightly related to chronological age.</span>
8 0
3 years ago
Your firm has a ROS of 14.3 percent. The company's goal is to increase sales by $417,963 this year. How much, in dollars, would
shusha [124]

Answer:

$59, 768.7

Explanation:

The ROS (Return on sales) of a company is a ratio used to evaluate a company's operations to how much profit they make per dollar of sales.

Since the company's goal is to increase sales by $417,963 this year they would need to reduce their logistics cost.

We use the formula

ROS =

Operating profit / (Net sales or expected Net sales)

We therefore substitute the formula:

The Operating profit= ROS X Net sales expected

14.3% x $417, 963 = $59, 768

7 0
3 years ago
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