Answer:
You would need $14,382.21 to maintain your purchasing power.
Explanation:
Giving the following information:
You would like to retire in 30 years. The expected rate of inflation is 2% per year. You currently have a standard of living that requires $7940 of monthly expenses.
<u>The inflation rate has the same intrinsic behavior as an investment with a compounded interest rate.</u>
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We need to use the following formula:
FV= PV*(1+i)^n
FV= 7,940*(1.02^30)
FV= $14,382.21
You would need $14,382.21 to maintain your purchasing power.
Answer:
Three years from the expiration of the contract
.
Explanation:
Answer:
Distinctive competence
Explanation:
Distinctive ability relates to a certain market trait which it does differently than its rivals. Since the company can do more than most other companies, it has a competitive edge over all other companies.
An organization's competitors cannot imitate this competence (at least in the short term), allowing an organization to gain an advantage over others. An organization must protect its distinctive competence to retain its competitive edge.
Thus, from the above we can conclude that the given case illustrates distinctive competence.
Answer:
77%
Explanation:
Total debt to total capital ratio = Total liabilities / Total assets
Total debt to total capital ratio = $53,900 / $70,000
Total debt to total capital ratio = 0.77
Total debt to total capital ratio is the ratio of its total debt to its total capital, its debt and equity combined and it is use to measure a company financial solvency.
<span>Business incubators are a time honored tradition and have been around since the early 1700s.
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Ans: its true
