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Lady_Fox [76]
3 years ago
10

You will need $228,790 in 28 years to supplement your retirement funds. if you can earn 8% interest, you must save $________ eac

h year. hint: this is a yearly problem.
Business
2 answers:
Alborosie3 years ago
8 0
To answer this question use the formula of the future value of an annuity ordinary which is
Fv=pmt [( (1+r)^(n)-1)÷r]
Fv future value 228790
PMT yearly save. ?
R interest rate 0.08
N time 28 years
Solve the formula for PMT
PMT=Fv÷[( (1+r)^(n)-1)÷r]
PMT=228,790÷(((1+0.08)^(28)−1)÷(0.08))
PMT=2,399.75 round your answer to get 2400

Hope it helps!
kodGreya [7K]3 years ago
3 0
You will need $228,790 in 28 years to supplement your retirement funds. If you can earn 8% interest, you must save $2,400 each year. ✅
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Perfect Clean, Inc. provides housekeeping services. The following financial data have been provided.
ioda

Answer:

A) $38,650; 48.31%

Explanation:

The computation of the contribution margin and the contribution margin ratio is shown below:

Contribution margin = Service Revenue - Cleaning Supplies Used - wages expense

= $80,000 - $22,000 - $19,350

= $38,650

The variable cost is Cleaning Supplies Used + wages expense

And, the contribution margin ratio equals to

= (Contribution margin ÷ sales) × 100

= ($38,650 ÷ $80,000)  × 100

= 48.31%

7 0
3 years ago
One of the benefits of a next actions list is that it
puteri [66]

Based on findings suggested by David Allen in his book titled "Getting things done, " one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."

  • When you have a Next action list available, it implies that you know what to do next as you finish one task.

  • This is also based on the idea that finding what to do next coupled with how to do it can lead to mental stress.

Hence, in this case, it is concluded that one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."

Learn more here: brainly.com/question/22001271

5 0
2 years ago
In the context of human resource management challenges, which of the following statements is true of women workers?A) Many profe
Nataly_w [17]

Answer: A) Many professional women step out of the workforce early to start their own companies.

Explanation:

There are several human resource management challenges such as compliance with organization rules and laws, adaptation to innovation, recruitment challenges etc.

In the context of human resource management challenges, the most likely true option is that many professional women step out of the workforce early to start their own companies. Unlike their male counterparts who can stay for a very long time, the reverse is usually the case with women.

5 0
3 years ago
Blue Inc., a highly profitable consumer goods manufacturing company, invests in a number of social responsibility initiatives th
rewona [7]

Answer:

Virtuous Circle

Explanation:

Virtuous circle occurs when one good events feeds on itself to improve business further. In the question, blue inc. invested in social responsibilities initiative (a good event) which on turn generated profits for the company (improved the business), probably by the event leading them to having more loyal customers.

It is a self propagating advantageous situation in which a successful solution or events leads to more desired results or success. It creates a positive feedback loop, creating goodwill with the customers.

5 0
3 years ago
As the information technology advances and consumers buy products requiring more and more technology, the wages of people with h
Katyanochek1 [597]

Answer:

b. increase as the demand for high tech skills increases.

Explanation:

Due to the fact that the demand for technological products is increasing, the demand for people who possess high tech skills would also increase as firms would want to provide more tech products to satisfy the demand of consumers.

This would lead to an increase the demand for people with high tech skills. When demand exceeds supply, wages would rise.

I hope my answer helps you

6 0
3 years ago
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