Answer:
$10,883
Explanation:
n = 31 years
Future value (FV) = 1,980,000 (The amount you need in 31 years for retirement)
i/r = 10% (given)
Present value (PV) = 0 (You have just started your job and have not reserved any amounts for retirement)
PMT (Monthly deposit needed) = ?
By using financial calculator, PMT = $10,883
I would fly a plane because there is like 1 in a million chance of crashing and in a car you could crash every time you see someone driving !! i need points!!
Answer:
$20,100
Explanation:
You will have to multiply the monthly expenses by 6
$3,350 x 6
= $20,100
A layoff is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees for business reasons, such as personnel management or downsizing an organization.
When calculating how much you will need, don't plan for just your largest bills. You'll need enough to cover mortgage or rent and vehicle payments, but you will also need to pay utilities, credit cards, insurance, and buy groceries. Everything that's in your normal budget should be considered.
Though you may spend lesser since you're no longer going to work BUT you must consider your normal monthly budget.
Answer: the correct answer is a disclosure of $20,000
Explanation:
The annual preferred stock dividend is $15,000 = 3,000 x $100 x 5%. Total dividends in arrears at the end of 20X3 are therefore $20,000 = 2 years x $15,000 - $10,000 paid.
Dividends in arrears are footnoted only. They are not recognized as a liability until they are declared.
