Answer:
Monthly deposit= $485.93
Explanation:
Giving the following information:
You want to retire exactly 35 years from today with $2,020,000 in your retirement account.
interest rate= 10.35 percent compounded monthly
First, we need to calculate the monthly interest rate.
Monthly interest rate= 0.1035/12= 0.008625
Now, using the following formula we can calculate the monthly deposit:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
n= 35*12= 420
A= (2,020,000*0.008625) / [(1.008625^420)-1]
A= $485.93
Answer: $1,021,382
Explanation:
The Consumer Price index (CPI) is an economic measure that enables us calculate inflation. It checks for a price changes in a group or basket of goods and then averages these price changes to find out how much they may have changed overtime.
A higher CPI means prices have increased.
CPI can then be used to calculate the potential values of goods in different years using another year as a base. This means that prices of goods in one year can be written in terms of prices in another year.
This can be done by Dividing the CPI in the current year by the CPI in the base year (year being expressed in terms of) and then multiplying the result by the price of the good in question.
In this case the good is the salary of $75,000.
The 2007 equivalent of a 1931 salary will therefore be,
= 75,000 * ( 207/15.2)
= $1,021,381.57
= $1,021,382
For volume and lift in a blow dry style, a round brush can be used.
Answer:
see below
Explanation:
<u>1. COGS</u>
Expenses incurred for manufacturing or obtaining the products and materials sold during a given period.
COGS are the direct expenses in the production process. They include labor, materials, and direct overheads.
<u>2. Gross profit </u>
Balance arrived at after deducting the expenses incurred on the goods sold from the revenue earned by selling the goods.
The revenues must exceed the expenses for a business to realize a gross profit. Otherwise, it will be a loss.
3<u>. Operating expenses</u>
Expenses that a business incurs to carry out its daily operations. They are the indirect cost of production. Examples include insurance, administrative, and security costs.
4. <u>Selling expenses </u>
Money spent on advertising, traveling, and promotions. These are the costs incurred in the selling process.
The manager of sporting items for outdoor adventures is Ezra. His monetary outlays have outpaced his cash receipts during the last six months. The outdoor adventure industry has a cash flow issue.
Although profitability may be the most important indicator of a company's success, maintaining a steady level of cash flow on a daily basis is essential if your organization is to survive and expand.
When the amount of money leaving the organization exceeds the amount of money coming in, there is a cash flow issue. This results in a lack of liquidity, which might hinder your capacity to pay bills, make loan repayments, and run business profitably.
To learn more about cash flow problem here
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