Answer:
review your progress, reevaluate, and revise your plan
Explanation:
Based on the information provided within the question it can be said that in this scenario the step that you have completely neglected is to review your progress, reevaluate, and revise your plan. That is because in this scenario many events have occurred, and it seems that your financial plan after retirement has not been adjusted with each and every one of these life events. Therefore it is outdated and most likely not providing the benefits it once did.
Answer:
$500 (Favorable)
Explanation:
Given that,
Production cost = $7 per unit
Fixed costs = $23,000 per month
Units produced = 5,500
Actual total costs = $61,000
Standard cost = Fixed cost + Variable cost
= $23,000 + ($7 × 5,500)
= $23,000 + $38,500
= $61,500
Variance = Standard cost - Actual total costs
= $61,500 - $61,000
= $500 (Favorable)
Answer:
the 4 key aspects
Explanation:
ethical, legal, economic and philanthropic.
Never ok to provide personal information about colleague or customer
Answer: The gradient of income growth is $12,59,741.59. This means that income must rise by $12,59,741.59 each year.
We follow these steps to arrive at the answer:
<h3><u>1. Calculating the total value of earnings after 15 years</u></h3>
We calculate the Future Value of the investment as follows:
This represents the total of revenues earned over 15 years from the investment.
<h3><u>2.Calculating the gradient</u></h3>
Since income increases linearly over 15 years, we can consider year 3 earnings as the base. Let the income increase in year 4 by x. Since income increases yearly, we can calculate income in each year as follows
Year Revenues
1 0
2 0
3 250000
4 250000 + x
5 250000 + 2x
6 250000 + 3x
7 250000 +4x
8 250000 + 5x
9 250000 + 6x
10 250000 + 7x
11 250000 + 8x
12 250000 + 9x
13 250000 + 10x
14 250000 + 11x
15 <u> 250000 + 12x</u>
Total 32,50,000.00 + 78x
Now we equate the values in steps 1 and above to find 'x' the gradient