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Nimfa-mama [501]
4 years ago
8

You plan to retire in 20 years. Use present value tables to calculate whether it is better for you to save $22,000 a year for th

e last 10 years before retirement or $16,300 for each of the 20 years. Assume you are able to earn 10 percent interest on your investments. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.)
Business
1 answer:
castortr0y [4]4 years ago
4 0

Answer:

Decision ; Option 2 is better because it would yield  more future sum

Explanation:

The approach would be to be to determined the future of the investment for the two options and then go for the higher

Option 1

FV = A× ((1+r)^n - 1)/r

FV- Future value , r- interest rate , n- number of years , A- annual deposit

FV =  22,000 × ((1.1)^10 - 1)/0.1

 = $350,623.341

Option 2

FV = 16,300 ×( 1.1^20 - 0.1)/0.1

     =$933,582.49

Decision ; Option 2 is better because it would yield  more future sum  

( about $582,959.15 ) more than option 1

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Furniture Face Lift refinishes old wood furniture. Their process for refinishing chairs has 8 workers and 4 stations. Each chair
vichka [17]

Answer:

13.19 hours

Explanation:

Station    Staffing     Processing time (Hours     Capacity = Staffing /

                                    per chair per worker)         Processing time

Stripping     3                            2.5                                   1.2

Priming        2                            1.5                                   1.33

Painting       3                            1.75                                 1.714

Inspection    1                            0.8                                  1.25

Stripping has the lowest capacity, hence it will be having bottleneck, thus the process capacity is 1.2.

Total time to produce the 1st chair = 2.5 + 1.5 + 1.75 + 0.8

Total time to produce the 1st chair = 6.55 hours

Time to produce subsequent chair = 1/1.2

Time to produce subsequent chair = 0.83 hrs

Total time taken to produce 10 chairs = 6.55 hours + 0.83 hrs*8 Workers

Total time taken to produce 10 chairs = 6.55 hours + 6.64 hours

Total time taken to produce 10 chairs = 13.19 hours

5 0
3 years ago
Three companies well known for their strong csr orientations are:
topjm [15]

The answer is that the three companies are "Ben & Jerry’s, S.C. Johnson, and Target".

CSR stands for "Corporate Social Responsibility", which refers to a perception whereby administrations deliberate the interests of society by captivating accountability for the influence of their activities in all characteristics of their operations. Many stakeholders have found that strong stakeholders Corporate Social Responsibility (CSR) introduction can drive firms to connect with better in environmental activities.

4 0
3 years ago
If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for
White raven [17]

points charged at closing will be $80,000 × 0.02 (2 points equal 2%) = $1,600.

Points, also called discount points, lower interest rates in exchange for prepayment. Lenders lower your closing costs in exchange for accepting higher interest rates. These terms may be used to mean something else. "Point" is a term that mortgage lenders have used for many years.

Mortgage points (sometimes called discount points) are fees paid to lower interest rates on home purchases or refinancing. Discount points cost 1% of your mortgage amount. For example, if you take a $ 100,000 mortgage, one point costs $ 1,000.

Learn more about loan discount points here:brainly.com/question/2764956

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6 0
2 years ago
You decide to integrate your supply chain to cut down production time. This is an example of a(n) _________ strategy.
RSB [31]

When a company integrates its supply chain to allow it to improve efficiency, this is known as<u> Vertical Integration. </u>

<h3>What is vertical integration?</h3>
  • Involves acquiring a company along the supply chain.
  • Can be either forward or backward integration.

Forward integration involves acquiring a company that is further along in the supply chain such as a producer acquiring a retailer. Backward integration would be the reverse situation.

In conclusion, this is vertical integration.

Find out more on vertical integration at brainly.com/question/19815172.

5 0
2 years ago
What does the release of earnings announcements
Varvara68 [4.7K]

The release of earnings announcements and economic indicators are similar because c) both are estimated in advance by analysts.

<h3>Why are earnings announcements analyzed?</h3>

Earnings announcements help determine the value of a company and so they are analysed to help people decide if they can invest and make a capital gain.

Economic indicators are also analyzed with the goal being to predict where the economy is going and what to do about it.

The full question and options are:

What does the release of earnings announcements have in common with the release of economic indicators?

a) Both are typically released on a quarterly basis.

b) both are typically published by corporations

c) both are estimated in advance by analysts

Find out more on economic indicators at brainly.com/question/903754.

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3 0
2 years ago
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