Answer:
Annual deposit= $2,803.09
Explanation:
<u>First, we need to calculate the monetary value at retirement:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {22,000*[(1.08^25) - 1]} / 0.08
FV= $1,608,330.68
Now, the annual deposit required to reach $1,608,330.68:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,608,330.68*0.08) / [(1.08^50) - 1]
A= $2,803.09
Answer:
A. The household purchase of a new refrigerator will directly lead to an increase in the consumption component of the Gross Domestic Product (GDP). Therefore, the GDP will increase by the amount of refrigerator purchased
Answer:
a. The division of activities into unit level, batch level, product sustaining level and facility level categories is commonly known as cost.
Explanation:
The managerial accounting is important for any service business. McDonalds have service business and they run on zero tolerance for disruption in consumer service. Management accounting enables to identify cost for product sustaining and batch producing.
