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Brilliant_brown [7]
3 years ago
11

According to financial planners, the average retiree requires approximately 70% of their last year’s working salary (answer to #

1) each year to live comfortably in retirement. Assume that you want to earn a fixed amount of interest each year in retirement. Your goal is to spend only the interest and still live comfortably. And, you want to earn the interest forever so that what remains can be passed onto your children, donated your favorite charity, or donated in honor of your favorite finance professor. That is, you want to earn a fixed amount, each year, for an indefinite amount of time. If you retire at 60 and can earn a 5% return, how much must you have saved to earn the required amount of interest?
Business
1 answer:
Anna35 [415]3 years ago
3 0

Answer:

Our answer is 2430798.798

Explanation:

. 70% of pre-retirement salary should be equal to the interest that we get from savings(5% of savings).

Therefore, 0.7 × 173628.4856 = 0.05×savings

==> savings = 2430798.798

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Which of the following happens when there are market failures? A) Firms compete more leading to more efficiency. B) The invisibl
lbvjy [14]

Answer:

The correct answer is option D.

Explanation:

A market failure refers to the situaion where the market forces fail to efficiently allocate resources. It happens because of a number of reasons such as externalities, monopoly, asymmetrical information, tragedy of commons etc.

In case of market failure, the government has to intervene to efficiently allocate resources. The failure of price mechanism to produce goods efficiemtly results in government to intervene.

5 0
3 years ago
2.3 The Ledger and Posting
blsea [12.9K]

The net change in the Cash account balance from these three transactions is $30,000

What is the company's net change in cash account balance?

The net change in company's cash balance is the excess of its cash inflows from sources minus its cash outflows from all sources, in other words, the net change in cash balance from the three transactions is the funds raised long-term debt issuance and the amounts paid for equipment and raw materials

net change in cash balance=$200,000-$150,000-$20,000

net change in cash balance=$30,000

Find out more cash flow statement on:brainly.com/question/14942025

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8 0
2 years ago
Stadford, Inc. is financed with 40 percent debt and 60 percent equity. This mixture of debt and equity is referred to as the fir
miss Akunina [59]

Answer: (A) Capital structure

Explanation:

The capital structure is basically refers to the overall financial operation in an organization for the growth of the company. The combination of the debt and the equity is basically known as capital structure.

The equity is basically refers to the common and the preferred stock and the debt is one of the form of bond issue.

Therefore, the mixture of 40 percent debt and the 60 percent of the equity is refers to capital structure.

3 0
3 years ago
Suppose that a lumberyard has a supply of 10-ft boards, which are cut into 3-ft, 4-ft, and 5-ft boards according to customer dem
Alja [10]

Answer :

Some answers are attached below

Explanation:

a) Based on the information provided, below are the all possible sensible patterns the lumberyard may use to cut the 10-ft boards -

Pattern Number 3-ft boards 4-ft boards 5-ft boards Waste (<3-ft)

1                      3                   0                     0                       1                                                                        

2                                2                 1                          0                      0

3                             1                    0                           1                       2            

4                                 0                     1                          1                        1

5                           0                      2                           0                       2                  

6                      0                     0                            2                     0      

b) ILP Formulation

Objective Function

Minimize Number of 10 ft-boards to be cut

Z = x1+x2+x3+x4+x5+x6 where xi is the number of boards for pattern i

subject to constraints -

3x1+2x2+x3>=90 ----> 3-ft boards

x2+x4+2x5>=60 ----->4-ft boards

x3+x4+2x6>=60 ----->5-ft boards

Xi>=0 ---->Non-negativity constraint

Below is the excel solver formulation and solution -

The optimal number of Pattern 1,5,6 =0, Pattern 2,3 and 4 = 30

The minimum number of 10 ft-boards to be cut = 90

7 0
3 years ago
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A database admin uses a show statement to retrieve information about objects in a database. this information is contained in a _
anastassius [24]

A show statement is used by a database administrator to get details about the items in a database. A data dictionary has this information.

  • facts factors applied or recorded in a database, facts device, or as a thing of a studies examine are given names, definitions, and houses in a data dictionary.
  • A imperative store for metadata is known as a facts dictionary. records about facts is called metadata.
  • Examples of information that might be found in a company's data dictionary include the names of all the databases that make up the organisation.

The shape and content material of records are categorised and communicated the use of a information dictionary, which also offers insightful descriptions for mainly distinct data objects.

The database control machine where the information dictionary is stored is accountable for this. therefore, on every occasion a database change is finished, the database control device without delay updates the facts dictionary. due to its self-updating nature, that is referred to as an energetic statistics dictionary.

Learn more about data dictionary:

brainly.com/question/8897251

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5 0
1 year ago
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