The logic behind saving for retirement is that the earlier one begins saving for retirement, the lesser amount they will have to save monthly. From the graph given, the answer to how much more you need to invest per month to have $1M at retirement is;
Assuming a 6% investment on return, the individual will have to save $360 monthly to have $1,000,000 at the retirement age of 67.
If he, however, waits till the age of 25 to begin saving, he will have to save $500 which is $140 more than he would have saved from the age of 20.
So, to save less per month, you need to start at an early age.
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Answer:
Explanation:
From the information given:
(a)
The total production available for the professional computers at the time Mexico uses all resources for production = 30
The total production of computer games at this time = 3 × 30 = 90
Thus, from above, the production possibility curve can be seen in the image attached below.
(b)
The opportunity cost of one professional computer is three computer games. This because, for them to produce one more computer, it is required that they give up three computer games.
(c)
Yes, it is subject to Increasing.
This because the opportunity cost of 1 computer = 3 games
For two computers = 2 × 3 games = 6 games
For three computers = 3 × 3 games = 9 games ... and so on.
(d)
Professional computer production is considered a Capital good.
(e)
Mexico should increase the production of professional computers because they help in more rapid economic growth.
Answer: Competence, confidentiality, integrity, and credibility.
Explanation:
In the activities of management accountants professionals, the four standards of ethical conduct which the Institute of Management Accountants enacted are simply confidentiality, credibility, competence, and integrity.
This therefore shows that the right option is B.
