Answer:
The amount that you should have saved in your retirement account to receive this income is:
= $727,995.88.
Explanation:
a) Data and Calculations:
Expected lifespan = 24 years
Expected annual income = $75,000
Interest rate per year = 9%
The amount of savings in the retirement account to receive this income is calculated from an online financial calculator as follows:
N (# of periods) 24
I/Y (Interest per year) 9
PMT (Periodic Payment) 75000
FV (Future Value) 0
Results
PV = $727,995.88
Sum of all periodic payments = $1,800,000.00
Total Interest = $1,072,004.12
The Consumer Electronics Division of General Electronics Company, which has a number of dozen factories all over the world, is run by production managers Gary Stevens and Mary James. Gary is in charge of the facility in EI Segundo, California, while Mary is in charge of the one in Des Moines, Iowa. If the entire division reaches or surpasses its yearly profit objective, production managers will get a bonus equivalent to 5% of their basic pay. The bonus is decided in March, following the completion and distribution to investors of the company's annual report.
Percentage Completion
The percentage of completion method involves the ongoing recognition of revenue and income related to longer-term projects. By doing so, the seller can recognize some gain or loss related to a project in every accounting period in which the project continues to be active.
PER UNIT COST 187.50
FINAL PROCESS COMPLETION PERCENTAGE 40%
FINAL PROCESS COMPLETION 204,000
COGS 289
TOTAL COGS 57,899,510
NET PROFIT 100,490
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Answer:
NPV =$ -6,586.30
$7,500
Explanation:
The net present value is the present value of after tax cash flows from an investment less the amount invested.
The net present value can be calculated using a financial calculator.
Cash flow in year zero = -40,000
Cash flow each year from year one to five = 9,500
1 = 13%
NPV =$ -6,586.30
b. ($9500×5) - $40,000 = $47,500 - $40,000 = $7,500
To find the NPV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
Answer:
Passive activity
Explanation:
Passive activities are those kind of activities which involve the business or the trade activities in which the person does not participate materially. And when the person participate materially in the activity, the person is involved in the operations of the company on a continuous, substantial as well as regular basis.
So, in this case, the taxpayer does not participate materially in the activities of the business and the taxpayer is the partial owner, any loss which flows through to the taxpayer will subject to the passive activity rules of loss.
