Answer to a:
The number of years for which the deposits will be made is given by:
= Retirement age - current age
= 65 - 23
= 42 years
The answer is fiduciary monetary systems. Cash gets its incentive from the certainty that general society has in its agreeableness. A case of such fiscal framework is the United States financial framework. On the off chance that you at any point saw the words in any dollar charge which says "In God We Trust" was first utilized as a part of 1957. Prior to that date, dollar bank notes were indicating "Silver Certificate".
Answer:
7.31%
Explanation:
The question is pointing at the bond's yield to maturity.
The yield to maturity can be computed using the rate formula in excel as provided below:
=rate(nper,pmt,-pv,fv)
nper is the number of times the bond would pay annual coupons which is 31
pmt is the annual coupon payment i.e $1000*8.0%=$80.00
pv is the current price of the bond which is $1,084
fv is the face value of the bond which is $1,000
=rate(31,80,-1084,1000)=7.31%
The yield to maturity is 7.31%
That is the annual rate of return for an investor that holds the bond till maturity.
Answer:
$416,000
Explanation:
The computation of the break even in dollars for the company is given below:
Total fixed expenses = Traceable fixed expenses + Common fixed expenses
= $50,000 + $80,000
= $130,000
Now
Contribution margin ratio = (Sales - Variable costs) ÷Sales × 100
= ($500,000 - $343,750) ÷ $500,000 × 100
= 31.25%
Now
Break-eve dollars = Fixed expenses ÷ Contribution margin ratio
= $130,000 ÷ 31.25%
= $416,000