Answer:
$ 358,063
Explanation:
Calculation for the amount that Ruby's IRA will be worth when she needs to start withdrawing money from it when she retires.
Ruby's IRA worth when she retires at age of 65
First step
Using this formula to find how many years until Ruby retires
Time period= Retired age (-) current age
Let plug in the formula
65-25=40 years
Second step is to find the future value of IRA when she retires
Using this formula
Future value of IRA when she retires
= Present value(1+r)t
Let plug in the formula
$ 11,400 (1+0.09) ^40
=$11,400 (1.09) ^40
=$ 11,400 (31.409)
= $ 358,063
Therefore the amout that Ruby's IRA will be worth when she needs to start withdrawing money from it when she retires will be $358,063
Answer:
these housing services contribute to GDP = $18000
Explanation:
given data
Tom pay rent = $8000
Sarah house rented = $10,000
solution
housing services contribute to GDP is express as
housing services contribute to GDP = Tom pay rent + Sarah house rented ............1
As GDP include both rent and estimate rent owner occupy home
put here value in equation 1 we get
housing services contribute to GDP = $8000 + $10000
housing services contribute to GDP = $18000
Answer: The retrenchment strategy
Explanation:
The retrenchment strategy is one of the type of business strategy in which the different types of organizations are adopted this strategy for the purpose of minimizing the business operations so that the company become more financial stable.
The retrenchment strategy helps in increase the beneficial factors by selling various types of products and the services in the market.
According to the given scenario, the retrenchment strategy is basically used by the Serrano for the purpose of overcome from all the losses due to the fire mishap in the company.
Therefore, The retrenchment strategy is the correct answer.
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.
The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:
Answer:
$50,000, because that is the largest amount that the insurance company can cover per accident.
Explanation:
The PAP limit of 25/50/10 means that
- the maximum payable per injured person is $25,000
- the maximum payable to all injured people per accident is $50,000
- the maximum payable for property damage per accident is $10,000