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Citrus2011 [14]
3 years ago
12

You have just made your first $5,500 contribution to your retirement account. Assume you earn a return of 10 percent per year an

d make no additional contributions. a.What will your account be worth when you retire in 45 years
Business
1 answer:
Novosadov [1.4K]3 years ago
4 0

Answer:

$400,897.66

Explanation:

Assuming that no further contributions will be made and that interest is compounded annually, the expression that describes the future value of a principal amount 'P', deposited at an annual rate 'r', for a period of 'n' years is:

FV = P*(1+r)^n

For a 45-year $5,500 investment at a rate of 10% per year, the future value is:

FV = 5,500*(1+0.10)^45\\FV=\$400,897.66

The account will be worth $400,897.66 when you retire.

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A car manufacturer is considering locating an assembly plant in your region.
igor_vitrenko [27]

Answer: Perception of the society towards this.

Explanation:

When citing an industry or production site in a locality most often capital is required to get this done but in many scenario capital doesn't seems to be the problem, as the location where these industry is aimed to be planted may likely have an issue with the residents of that environment as regards planting the industry. Some times these opposition is done for obvious reasons as regards health consideration which comes with noise and air pollution but some other times there may be unjustifiable reasons for these not to be planted, probably due greed or the community seeks a share in the resources or return in investment when the firm is planted in their resident. This is a complex problem.

A simple problem would be closeness to the market. If the product in question is desired by the residents in that area, even though the manufacturer might want to be exporting but it'll be a big plus if the residents consider his products more than the external environment.

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4vir4ik [10]

Answer:

The COGS for the June 1st sale is $17 per unit, and the COGS for the August 27th sale is $20 per unit.

Explanation:

<u>Date</u>       <u>Number of units</u>     <u>Unit balance</u>      <u>Unit cost</u>      <u>Average cost</u>

May 7                40                      40                      $17                $17

June 1               (20)                     20                                           $17

July 28              30                      50                     $22               $20

August 27        (30)                     20                                           $20

The average COGS after the purchase on July 28 = [(20 x $17) + (30 x $22)] / 50 = ($340 + $660) / 50 = $20

           

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