Answer:
It will need $ 107,120.321 dolalr per year to achieve his retirement goal
Explanation:
We first must calcualte the prsent value of the 25 payments with equal worth of 60,000 dollar of today.
First we move the 60,000 forward 10 years
Principal 60,000.00
time 10.00
rate 0.05000
Amount 97,733.68
Now, we calculate the present value of an annuity considering this 5% inflation
g 0.05
r 0.08
C 97,734
n 25
$ 1,778,492.341
Then, decrease this by the amounnt already saved by our father:
Principal 105,000.00
time 10.00
rate 0.08000
Amount 226,687.12
Additional saving needed:
1,778.492-34 - 226,687.12 = 1.551.805,22
Now, we solve the annual saving to achieve this future value:
PV 1,551,805.22
time 10
rate 0.08
C $ 107,120.321
Answer:
The answer is C
Explanation:
we are given that a company starts with 900 units which are 35% complete that means during the production period they are completed, then we are further told that 5000 units are started and completed therefore we add the 900 units we started with with the 5000 units that are started and completed during the period then we are told that at the end of the process 800 units are still in process and 25% completed there fore we add the 25% of 800 units to the 5900 units that are completed therefore we calculate the equivalent units produced by the department as follows:
900 units + 5000 units + 800 units x 25% = 6100 units that are completed on a weighted average method.
Answer:
(A) Interest coverage charge ratio= 6.21
(B) Fixed charge coverage = 2.84
(C) Profit margin ratio= 8.57%
(D) Total assets turnover= 1.55
(E) Return on assets= 13.26%
Explanation:
(A) The Interest coverage charge ratio can be calculated as follows= EBIT/Interest expense
= 45,300/7,300
= 6.21
(B) The fixed charge coverage can be calculated as follows
= income before fixed charge + interest/fixed charges + interest
= 45,300+13,300/7,300+13,300
= 58,600/20,600
= 2.84
(C) The profit margin ratio can be calculated as follows
= Net income/sales × 100
= 22,800/266,000 × 100
=0.0857 × 100
= 8.57%
(D) The total assets turnover can be calculated as follows
= Sales/total assets
= 266,000/172,000
= 1.55
(E) The return on assets can be calculated as follows
= Net income/Total assets × 100
= 22,800/172,000 × 100
= 0.13255×100
= 13.26%
Answer: Effective Managers.
Explanation:
An effective manager is a manager that delivers successfully on tasks that he is in charge of and is very good in decision making. Manuel is well known for his ability to meet his objectives set and accurate decision making.
The answer is “Bond Maturity Date”.
