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Andrej [43]
3 years ago
6

Bob makes his first deposit into an IRA earning compounded annually on his th birthday and his last deposit on his birthday ( eq

ual deposits in all). With no additional deposits, the money in the IRA continues to earn interest compounded annually until Bob retires on his th birthday. How much is in the IRA when Bob retires
Business
1 answer:
anygoal [31]3 years ago
5 0

Answer:

$187,881.52

Explanation:

The computation is shown below:

The future value would be

= PMT × ((1 + rate of interest)^number of years -1) ÷ (rate of interest)

= $1,500 × ((1 + 0.066)^13 - 1) ÷ (0.066)

= $1,500 × 19.626

= $29,439.14

Now when bob retired, the amount is

= $29,439.14 × (1 + 0.066)^29

= $29,439.14 × 6.383

= $187,881.52

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The full-production level of our economy implies ____.
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Food because food is life
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3 years ago
Zeitler's Department Stores sells its products online and through traditional brick-and-mortar stores. The following parallel co
irakobra [83]

Question Completion:

Choose the correct answer below

(1) in-store customers appear to be middle aged, have higher annual income and live further distance away from a store

(2) in-store customers appear to be generally younger, have lower annual income and live near a store

(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store

(4) Online customers appear to be middle aged, have lower annual income and live near a store

Answer:

Zeitler's Department Stores

Online and In-store Customers:

According to the parallel coordinates plot, online customers are differentiated from in-store customers in the following ways:

(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store

Explanation:

Younger persons tend to embrace technology more than their older counterparts.  Based on this, they also engage on online purchasing of goods and services instead of visiting the traditional brick-and-mortar stores.  With online purchase, a customer is in better control because she can search for the best deals from any location.

7 0
2 years ago
ABC company received a special order for 5000 untis at a sales price of 10 per unit. ABC normally sells these for 12 each. Each
slamgirl [31]

Answer:

The increase in pre-tax income 20,000

Explanation:

The fixed cost of production would remain the same  whether or not the special order is taken, hence, irrelevant for  the decision at hand.

The sale price for the special order=10

the variable cost per unit=6

contribution   margin per unit from special order=10-6=4

The increase in pre-tax income=total contribution margin from special order

The increase in pre-tax income=5000*4

The increase in pre-tax income=20,000

Hence, accepting the order is worthwhile.

4 0
2 years ago
Whispering Corporation has retained earnings of $715,700 at January 1, 2020. Net income during 2020 was $1,567,700, and cash div
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Answer:

$2,288,740

Explanation:

Preparation of a retained earnings statement for the year ended December 31, 2020

RETAINED EARNINGS STATEMENT

For the Year Ended December 31, 2020

Retained earnings, January 1, as reported $715,700

Correction for overstatement of expenses in

prior period (net of tax) $88,840

Retained earnings, January 1, as adjusted $804,540

($715,700+$88,840)

Add Net income $1,567,700

Less Cash dividends ($83,500)

Retained earnings, December 31 $2,288,740

($804,540+$1,567,700-$83,500)

Therefore retained earnings statement for the year ended December 31, 2020 will be $2,288,740

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What are the main features of an oligopolistic market?
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Answer:

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Explanation:

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