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:
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The part of the business cycle given that shows a period of contraction is <u>Point B. </u>
<h3>Why does point B show contraction?</h3>
When the economy is in a period of contraction, the business cycle would show a fall from the peak to the trough.
The peak is point A and the trough is Point C. Point B shows the fall from A to C which means that Point B must be the contraction.
In conclusion, option B is correct.
Find out more on the business cycle at brainly.com/question/26086110.
Answer:
$318,400
Explanation:
Cost of Goods Sold $325,000
Less: Inventory Opening January 1 ( $ 31,800)
Add;Closing Inventory $25,200
Cost of Goods Manufactured $318,400
The cost of goods sold are found out by adding opening stock and deducting closing stock from cost of goods manufactured.
In the given scenario we had to follow reverse order to reach out at amount of cost of goods manufactured.