Answer:
After 40 years of working, and savings 10% of his salary per year, and his retirement account earning a 9% compounding interest rate, Matt should have $3,984,402 in his retirement account.
Explanation:
The reason this number is so high, is that his base salary is quite high ($60,000) and it increases by 5% each year during 40 years. At the end of year 40, his salary should be $402,85 per year. The 9% compounding interest rate is also high, it means that every dollar invested next year will generate $31.41 dollars in 40 years.
I solved this question by preparing a table on excel.
Answer:
E) I, II, and III
Explanation:
When an organization realizes that there are certain quality problems within the products who are already in services, the ethical approached would including informing the customers (people across the globe who might be interested) about the problem, recall the products which are defective and managing complaints on one to one basis prioritizing every single customer facing the issue.
Therefore, all three ethical approaches are applicable
Answer:
The answer is: A) a point in time in the past
Explanation:
A balance sheet is one the most important financial statements of an organization along with the income statement and statement of cash flows.
It reports an organization´s assets, liabilities and shareholders´ equity at an specific point in time.
The basic formula used in a balance sheet is:
Assets = Liabilities + Shareholders´ Equity
Answer: 45 containers
Explanation:
The number of containers needed is calculated by:
= (Expected demand during Lead time + Safety Stock) / Container Capacity
Expected demand during Lead time = Daily demand * Lead time
= 2,500 * 3
= 7,500 units
Safety stock = 1.5 days * 2,500
= 3,750 units
Number of containers needed:
= (7,500 + 3,750) / 250
= 45 containers
Luxury items in a budget come from : D. Saving
People tend to buy luxury items after the other crucial needs are met, which means that it will be most likely that the budget came from the income that is intended for saving
hope this helps
