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aalyn [17]
2 years ago
7

Suppose you want to have $400,000 for g retirement in 25 years. Your account earns 8% interest. How much would you need to depos

it in the account each month?
Business
1 answer:
MA_775_DIABLO [31]2 years ago
3 0

Answer:

$418

Explanation:

FV = $400,000. This is the amount you want to have in your retirement account 25 years from now

i/r = 8%/year = 0.67%/month. The interest that the account pays

n = 25 years = 25 x 12 = 300 months

PV = 0

PMT (The amount of monthly deposit required to achieve the target above. This is the missing value we need to calculate)

By using financial calculator, we obtain:

PMT = $418

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The p/e ratio can be interpreted as ""the number of years’ earnings to pay back purchase price"" True or False
ICE Princess25 [194]

Answer:

True

Explanation:

P/E ratio is the price to earning ratio. Investor look into this ratio before investing or buying share of the company as it shows the market value of the shares or demand of the shares in the market. If ratio is higher then investor anticipate the growth of the company´s earning in the future, it also show investors are willing to pay higher price for each dollar earning of the company.

Price earning ratio= \frac{market\ value\ price\ per\ share}{earning\ per\ share}

7 0
3 years ago
Do personal profits earned directly as a result of one partner's connection with the partnership belong to the firm:_________
sergejj [24]

Answer:

No

Explanation: The key word is it was earned as result of the connection to the firm so it is split between the partners

8 0
2 years ago
After an ems run, your partner suggests you write down vital signs differently than the ones obtained
SVETLANKA909090 [29]

During an EMS run and your partner instructed you and suggests you to do and write vital signs written differently than of the original record obtained, it would likely affect the treatment that could be administered in the patient. The vital signs are basic and yet they are important in a person’s data for they are a critical data and it is where medical professionals base their treatment and assessment to the patient. If this is written differently, not only will affect the treatment but it could also cause conflicts and there will be consequences to the people who are involved such as having suspended or fired in their line of work or having to have criminal charges.

5 0
3 years ago
The balance sheet below reflects Zee Bank after its purchase of $50 million in government securities from the Fed. Assume a requ
UkoKoshka [18]

Answer:

$500 million

Explanation:

The solution of the money supply and its effect is here below:-

Decrease in money supply = $50 million ÷ reserve ratio

= $50 million ÷ 10%

= $500 million

If $50 million were used to repay loans, that will have raised money supply. Thus, buying $50 million in government securities from the fed reduces the supply of capital.

3 0
3 years ago
Widget Inc. manufactures widgets. The company has the capacity to produce​ 100,000 widgets per​ year, but it currently produces
gayaneshka [121]

Answer:

$62,100

Explanation:

Given that,

Sales price per unit = $ 40

Variable costs per​ unit:

Manufacturing = $ 23

Marketing and administrative = $ 8

Total fixed​ costs:

Manufacturing = $ 76,000  

Marketing and administrative = $24,000

Total incremental costs:

= Variable manufacturing + Variable marketing and administrative

= (6,900 × $23) + (6,900 × $8)

= $158,700 + $55,200

= $213,900

Incremental income:

= Incremental revenue - Total incremental costs

= (6,900 × $40) - $213,900

= $276,000 - $213,900

= $62,100

Therefore, the operating income increases by $62,100.

7 0
2 years ago
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