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Black_prince [1.1K]
3 years ago
9

After retirement, you expect to live for 24 years. You would like to have $75,000 income each year. How much should you have sav

ed in your retirement account to receive this income, if the annual interest rate is 9 percent per year
Business
1 answer:
poizon [28]3 years ago
5 0

Answer:

The amount that you should have saved in your retirement account to receive this income is:

= $727,995.88.

Explanation:

a) Data and Calculations:

Expected lifespan = 24 years

Expected annual income = $75,000

Interest rate per year = 9%

The amount of savings in the retirement account to receive this income is calculated from an online financial calculator as follows:

N (# of periods)  24

I/Y (Interest per year)  9

PMT (Periodic Payment)  75000

FV (Future Value)  0

 

Results

PV = $727,995.88

Sum of all periodic payments = $1,800,000.00

Total Interest = $1,072,004.12

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If a monopolist in an industry characterized by monopoly features is making economic profit in the short run, which of the follo
zheka24 [161]

Answer: The monopolist will be able to sustain economic profits

Explanation:

If a monopolist in an industry characterized by monopoly features is making economic profit in the short run, then the monopolist will be able to sustain economic profits.

The economic profit is gotten when the explicit cost and the opportunity costs are both deducted from the revenues generated by a business.

Since there is high barrier to entry and the monopoly is the only firm in the market, then the monopolist will be able to sustain economic profits.

4 0
3 years ago
A Purchasing Specialist is sometimes referred to as what? Select all that apply *
Zepler [3.9K]

\text{Hello there!}

A Purchasing Specialist is sometimes referred as a \bold{Procurement Manager.}

This is because they're responsible for purchasing/procuring supplies.

They relatively have the same roles, however, occasionally referred to by different names.

\text{The job of the} \bold{Purchasing\;Manager} \text{\;is to purchase supplies for the company.}

\text{For example, purchasing lettuce for a} \bold{fast\;food\;restaurant.}

\text{The job of the\;} \bold{Purchasing\;Agent} \text{is to buy supplies that the company needs.}

\text{The job of the} \bold{Procurement\;Manager} \text{has the same responsibilities as the}\bold{Purchasing\;Manager.}

Therefore, all of the possible referred answers are going to be correct.

The only differences are going to be the names.

\rule{300}{1.0}

8 0
3 years ago
When accountants use financial data to make non-financial decisions on behalf of the company it is known as what kind of analysi
djverab [1.8K]

Answer:

When accountants use financial data to make non-financial decisions on behalf of the company it is known as:

technical analysis.

Explanation:

Technical analysis focuses on the use of historical financial data to analyze trends.  This implies that financial data is statistically analyzed to determine trends and use the established trends as basis for making decisions.  An example of the non-financial decision that can be made include determining the growth potential of customers, markets, and products.

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Which skills are common to Education and Training cluster? skills in math and finance leadership and teaching skills knowledge o
Mandarinka [93]

Answer:

  • Leadership and teaching skills
  • Knowledge of instructional design and psychology
  • Knowledge of school policies
  • Maintenance of classroom discipline
  • Communication skills for dealing with students, families, and coworkers

Explanation:

The Education and Training cluster comprises teachers, administrators, and professional student support staff. They work in schools and other educational institutions. Professional in the cluster help students achieve their educations objectives by helping them in academics and providing psycho-social support.

The skills required in this cluster revolve around effective teaching, school administration, and the ability to create good working relationships with students, colleagues, and other stakeholders.

4 0
3 years ago
Read 2 more answers
What are the benefits and drawbacks of treating coffee as a commodity in the marketplace? What do you predict will be the future
Amanda [17]

The benefit of treating coffee as a commodity is that it creates opportunity for the future and the drawback is that we need different more specialised workers for the business.

Given that we need to treat coffee as a commodity.

We are required to give the benefits and drawbacks and make a prediction about future.

The benefits of treating coffee as a commodity are:

  1. It creates an opportunity for the future as when we treat it as a commodity it creates a good business today and in future .
  2. It creates a product specialisation.
  3. It makes promotion easy.

The drawbacks of treating coffee as a commodity are:

  1. We need to make a separate market for the coffee.
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The future of coffee is very bright. We can see that now a days the people are liking coffee than tea and shifting towards coffee from tea.

Hence the benefit of treating coffee as a commodity is that it creates opportunity for the future and the drawback is that we need different more specialised workers for the business.

Learn more about specialisation at brainly.com/question/24448534

#SPJ4

4 0
1 year ago
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