suppose you want to have $400,000 for retirement in 20 years. your account earns 5% interest. a) how much would you need to deposit in the account each month Your account earns 7.9% interest" How often is it compounded? Daily? Monthly? Annually? Since we are going to find out how much you have to save per month I will assume that the interest is compounded monthly
<h3>What is
retirement ?</h3>
Retirement is the cessation of one's employment, occupation, or active working life. Another way to semi-retire is to work fewer hours or with less job.
When they are old or unable to work due to health issues, many people decide to retire. People may also retire when they are eligible for private or public pension benefits, while others are compelled to do so due to legislation governing their jobs or because their physical conditions make it impossible for them to continue working (due to disease or accidents). The concept of retiring was first popularized in the late nineteenth and early twentieth centuries in the majority of nations.
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Answer:
That is why i did not play this game.
Explanation:
Lets i have initially $100 .
There are 2 white and 3 black balls.
I have to draw 3 balls
If i draw no white balls, i lose $10; if i draw one white ball, i lose nothing; and if i draw both white balls, you gain $10.
So the final fortune =x
x = 100 x 1/2 x 1/2 x 3/2 x 3/2
x= $56.25
That is why i did not play this game.
Answer:
$368,000
Explanation:
In order to appraise the property using the capitalization approach, we must first determine a net cash flow:
net cash flow = $48,000 - $3,600 - $15,000 = $29,400
Now we calculate the property value using the perpetuity formula:
property value = net cash flow / capitalization rate = $29,400 / 8% = $367,500 which we must round up to $368,000
A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded up to the nearest $1,000)?
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value Trading Securities: Security A Security B 954,000 940,000 145,000 139,200 $1,085,000 $1,093,200 Totals Securities Available-for-Sale: 816,000 956,600 Security C Security D $ 740,000 940,000 $1,772,600 Totals $1,680,000 Securities to Be Held-to- Maturity: Security E Security F $ 530,000 655,000 $ 540,800 649,200 $1,185,000 $1,190,000 Totals No investments were sold during 2021. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent. Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.) Reported on Balance Sheet Unrealized gain (loss) included in: as: Other Comprehensive Comprehensive Income (OCI) Total Noncurrent Net Income Current assets (/S) assets Income Trading Securities Security A 0 Security B Securities Available-for-Sale 0 Security C $ 0 Security D $ 0 Securities to be Held-to-Maturity Security E $ 0 Security F $ 0 0$ $ $ 0 0 Totals
Answer:
Profit margin per unit= $1.25
Explanation:
Giving the following information:
The direct cost rate is $ 6 per unit.
The selling price of the product is $ 21.
Estimated manufacturing overhead= $275,000
Estimated machine-hours= 40,000
Actual machine hours are 50,000
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 275,000/40,000= $6.875 per machine hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 6.875*2= $13.75
Finally, the profit margin:
Profit margin per unit= 21 - 6 - 13.75= $1.25
