Answer:
d) 500,000
Explanation:
The amount that the worker is expected to save before retirement is the present value of the expected annual withdrawal using the interest rate of 10% as the discount rate:
savings balance at retirement=yearly cash withdrawal/interest rate
yearly cash withdrawal=$50,000
interest rate=10%
savings balance at retirement=$50,000/10%
savings balance at retirement$500,000
Answer:
ok
Explanation:
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Answer and Explanation:
The preparation of the retained earnings statement for the year ended December 31, 20 is presented below:
Bramble Corporation
Retained Earning statement
For the year ended December 31, 2022
Beginning balance of retained earning $10,584
Add: Net income $5,880
Less: Cash Dividend paid -$4,200
Ending balance of retained earning $12,264
The net income is computed below:
= Service revenue - salaries and wages expense - insurance expense - rent expense - supplies expense - depreciation expense
= $25,200 - $12,600 - $1,680 - $3,780 - $420 - $840
= $5,880
Answer:
D. liquidity risk
Explanation:
Liquidity risk refers to the risk that occurs when a person or an organization unable to convert their hard assets into cash or cash equivalent as soon as possible.
This can be seen In the example above,
After moving to another city, Nisha probably need her money to purchase new property or purchase her basic needs. But she can't do it until she's able to sell the property that she has in her old place. This is why unable to sell her property created a liquidity risk for Nisha.