Answer:
<em>hello your question lacks some vital information hence I will make valid assumptions to aid the solution </em>
answer : $583333.33
Explanation:
22 yrs old
pre tax income = $35,000 per year
savings = $200/month
<u>Determine how much you will need to retire at 67</u>
lets assume : Interest rate = 6% per annum
annual withdrawable amount per year after retirement = $35,000
∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33
<u>hence amount needed to retire at age 67 </u>
target amount = $583,333.33
interest rate = 6%
number of years = 67 - 22 = 45
savings per year needed = 583,333.33 / 45 = $12962.96
<em>Note : saving $200 per month would not give the required amount needed to retire at age 67 </em>
The required monthly savings = 12962.96 / 12 = $1080.25
Politics, law, culture, and economy are all examples of social factors <span>that can affect the ways in which companies produce and sell their products in foreign markets.
Social factors is everything that could affect your life style. When your lifestyle change, your consumption pattern will also change and this will affect the products that will be sold in the market.</span>
Answer:
The individual is able to get to a lower level of utility
Explanation:
I believe it’s False, it might be wrong though
Answer: c. earns a higher return than the rate paid on debt.
Explanation:
If the debt that the company incurs leads to the company making more money than they are paying as interest for the debt, then more money will be available as net income which would increase the Return on Equity.
ROE is calculated by dividing the Net Income by Shareholder equity. Interest is an expense. If this expense is lower then the increase in net income as a result of the debt then it follows that net income would increase and so would ROE.