Answer:
He has to deposit $750.46 every month into the account
Explanation:
Future value id the accumulated amount of principal and compounded interest at the end of a specific investment period.
Assuming interest is compounding every month, use following formula to calculate the amount of payment each month.
FV = PV x ( 1 + r )^n + A x ( ( 1 + r )^n - 1 ) / r
$57,000 = $10,000 x (1+0.1%)^5x12 + A x ( ( 1+0.1% )^5x12 -1 ) / 0.1%
A = { $57,000 - [ $10,000 x ( 1 + 0.001 )^60 ] } / [ ( ( 1 + 0.001 )^60 )-1 / 0.001 ]
A = ( $57,000 - $10,618.05 ) / 61.80471
A = $46,381.95 / 61.80471
A = $750.46
Jacque Solis will have $37,700 left <span>after paying taxes and penalties from her $58,000 qualified plan
during the said period. </span>A
qualified plan is an employer-sponsored retirement plan that qualifies for
special tax treatment under Section 401(a) of the Internal Revenue Code.
Answer:
Units to be produced 6,075
Explanation:
July production budget
sales for the period 5,900
desired ending inventory
25% of next month
25% of August
25% of 6,600 = <u> 1,650 </u>
Total requirement needs 7,550
Beginning Inventory (1,475)
Units to be produced 6,075
The forecast sales and the desired ending inventory are the needs for production, the beginning inventory is an amount we already have. So it decreases our production demand.
Susie’s IQ falls into the average category. It is because
since she receive the IQ score of 90, a person with an IQ score of 90-109 is
considered to have a normal up to the average intelligence in which she
acquires.
Answer:
Return on total asset and return on equity
Explanation:
These two financial ratio analysis provides the most potent way to arrive at the profitability and overall financial health of a company. The balance sheet and income statement thus provide the line items and figures required to compute such. With Dupont system, the balance sheet item is able to be merged with the income statement to arrive at the overall company's profitability.
