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abruzzese [7]
3 years ago
9

Susan has a 401k plan through her job and has accumulated $375,000 in her account. Her company has invested her funts in a high

interest bearing account yielding 8% per year. She would like to retire with $600,000 in her account. When will she be able to retire?
Business
1 answer:
Fofino [41]3 years ago
5 0

Answer:

6.1 years

Explanation:

Data provided in the question:

Principle amount = $375,000

Interest rate, r = 8% = 0.08

Future value = $600,000

Now,

Using the compounding formula

Future value = Principle × [ 1 + r ]ⁿ

Here,

n is the time

thus,

$600,000 = $375,000 × [ 1 + 0.08 ]ⁿ

or

1.6 = 1.08ⁿ

taking log both the sides, we have

n × ln(1.08) = ln(1.6)

or

n = 6.1 years

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Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
AnnyKZ [126]

Answer:

$15.34

Explanation:

The formula and the computation of the predetermined overhead rate is shown be

Predeterminer overhead rate = Manufacturing overhead ÷ direct labor hours

where,

Manufacturing overhead is

= $359,860 + $8,300

= $368,160

And, the direct labor hours is 24,000

So, the predetermined overhead rate is

= $368,160 ÷ 24,000

= $15.34

4 0
3 years ago
If you were wrongfully put
Neko [114]

Answer:

If you were wrongfully put  into an insane asylum, how  would you convince them  that you're actually sane and  not just pretending to be  sane? Why?

When one seeks for an asylum, at that moment in time there is no choice of the location or group of people it could be once it is far away from war zone or trouble or danger zone where one can find peace at least. Then if it is an insane asylum, the only way to prove of his sanity by doing what is termed as wrong, i mean doing what seems to others as wrong which would depict his sanity that is different from others. while pretending to be like others that are insane would only paint such an individual as insane as well because it would take time to prove such not to be insane.

Explanation:

3 0
3 years ago
Allitron, Inc., and Donovan, Ltd., are interstate competitors selling similar appliances, principally in the state of Illinois,
maxonik [38]

Answer:

Since Allitron and Donovan engage in interstate commerce, they are regulated by the Sherman Antitrust Act. They incurred in collusion, which is illegal since they are restraining interstate commerce. Since they are competitors, they are prohibited from simply dividing sales territories, they should instead be competing for who serves them better.

Several punishments can result from this type of behavior:

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6 0
3 years ago
In your own words, explain the usefulness of spreadsheet models.
malfutka [58]

Answer:

They're often used at many companies and businesses because instead of other formats it is very conclusive because you can clearly see the differences of all the numbers in it. They're right next to each other and they are easy to add information to. There is no need for any extra information and there is just enough evidence in everything for just the numbers.

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2 years ago
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12345 [234]

Answer: Fear Appeal

Explanation:

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