Answer:
$34,263.69
Explanation:
This is a time value of money(TVM) question. Since the $300,000 is at the start of the retirement. That would be the present value of the annuity payments. So, using a financial calculator, input the following;
Present value; PV = -300,000
Total duration; N = 18
Interest rate; I/Y = 9%
Onetime future value ; FV = 0
then compute recurring payment ; CPT PMT = 34,263.687
Therefore, her yearly annuity for the next 18 years will be $34,263.69
Hello there!
Your answer would be D). More than 5%
The reason why your answer would be "More than 5%" is because the Average rate of return on stocks is roughly about 7% overall. The term "rate of return" pretty much means the money that you would be getting back, or "profit" in a investment. Would you see the numbers for rate of return mostly in the stock market, business, and other types of investments someone makes. The words "Over time" is probably talking about the times all the way back to the 1950s where the returns were high, to this generation, which had a negative decrease in % of rate of return. That's why the question is asking you what the rate over time is, not just a specific time period.
Answer:
900 fish
Explanation:
She values 1 fish = 3 coconuts
Harvested:
Fish = 600
Coconut=1500
Hence, converting coconut to fish
1500 coconuts = 500 fishes
Total harvested is 600fish +500fish =1,100
Gave Rachel :
Fish =, 100
Coconut = 300 which is approximately 100 fishes
Rachel got 200 fishes worth
Subtracting to get her income:
Harvested - Rachel's collection
= 1,100 - 200 =900
Answer:
where marginal cost and marginal revenue meet.
Companies report prior period adjustments, net of any income tax effects in the single-step income statement.
A single step income statement is one of two commonly used formats for the income statement or profit and loss statement. It uses only one subtraction to arrive at net income. On the other hand, a multi-step statement reveals the company's gross profit, which is the difference between its sales revenue and its cost of goods sold, and operating profit, which is the difference between its gross profit and its operating expenses.
