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kogti [31]
3 years ago
6

Your friend decides that he needs to receive a retirement payment of 70,000 dollars per year from a retirement fund that is proj

ected to earn 8.5% per year. He is planning on a 20 year retirement. How much money does he need to have on hand when he retires, in order to fund this? Group of answer choices
Business
1 answer:
damaskus [11]3 years ago
7 0

Answer:

Explanation:

This is an Ordinary Annuity question. You can solve this using a financial calculator. I'm using (TI BA II Plus)

N; duration = 20

I/Y ; interest rate per year = 8.5%

PMT ; recurring annual payment = 70,000

FV; Future value = 0 (In solving annuities, use 0 if not given)

then CPT PV = ?

PV = 662,433.563

Therefore, your friend needs to have $662,433.56

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Stone Company has beginning equity of $1,200,000, net income of $200,000, dividends of $120,000 and investments by owners in exc
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Answer:

The correct answer is D. $1,320,000 .

Explanation:

In this case, it should be considered that the Stone Company is just beginning to operate, so the capital at the end of the period is made up of the following:

Initial Capital: $ 1,200,000

Dividends: $ 120,000

TOTAL = $ 1,320,000

Net income is not part of the measurement of capital, since information on expenses must be available to calculate the profit or loss for the period. For its part, investments in shares are considered a current asset and do not enter into this calculation.

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Products whose demand rises when another product's price increases are called: Substitute goods

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Answer:

Explanation:

Internal processes of a company contribute to how effective the company runs. Looking for areas and ways to improve the internal processes will aid in building an organization that is highly efficient. The major causes needs to be known.

Ways of identifying the root causes might not be possible until basic analysis is carried out or sometimes it might be visible depending on the major problem facing the organization internally.

Internal process of a company increase the effectiveness of such company, identifying how to improve these internal processes helps to build an organization that is highly efficient.

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3 years ago
When oil prices go up, we tend to see less investment by consumers in _____________________.
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3 years ago
Read 2 more answers
The financial reporting for private not-for-profit entities primarily focuses on: Multiple Choice basic information for the orga
Romashka [77]

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Explanation:

Private Not-for-profit organization as the term implies, are not operating to make a profit therefore their financial statements will generally not include measures that are aimed at showing profit like profit making organizations.

They will instead focus on talking about the entire organization as whole and what it has done so far in the current period. This is what is required of them by U.S. GAAP.

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