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Alexeev081 [22]
3 years ago
5

You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $

50,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn a 10 percent return on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year?
Business
1 answer:
Marat540 [252]3 years ago
5 0

Answer:

16.67%

Explanation:

Calculation to determine what percentage of your salary must you save each year

First step is to calculate the Annual savings

Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]

Annual savings=$5 million*0.07/(1.1^40-1.03^40)

Annual savings=$8333.88

Now let determine the percentage of the salary you must save each year

Proportion of savings=$8333.88/$50,000

Proportion of savings=0.1667*100

Proportion of savings=16.67%

Therefore the percentage of your salary that you must save each year is 16.67%

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Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of
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Answer:

a. (AR-SR)* Actual hours = Labour rate variance  

Actual rate = (-3,850/2,750) + $17.60

Actual rate = -$1.4 + $17.60

Actual rate = $16.20

b. Direct labour efficiency variance for August = Total direct labour budget variance - Direct labour rate variance

= 1,430 - (-$3,850)

= $5280 Unfavourable

c. Direct Labour efficiency variance = (AH-SH)*SR

5280 = (2,750 - SH) * 17.60

(2,750 - Standard hours) = 5280/17.60

(2,750 - Standard hours) = 300

Standard hours = 2,750 - 300

Standard hours = 2,450

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3 years ago
Multiple Choice
jenyasd209 [6]
True True true I think
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3 years ago
marci, a purchasing agent, orders 300 refrigerators per month from an online vendor portal. in doing so, she has made a(n) decis
kotykmax [81]

marci, a purchasing agent, orders 300 refrigerators per month from an online vendor portal. in doing so, she has made Operational decision.

operational judgments

Operational decisions, which typically have effects for no more than a year or even a day, are those that are altered more frequently in accordance with the current external and internal situations. The scale, complexity, and formulation of optimization models for operational decisions vary greatly as a result of the vast number of operations that make up the BSC. Operational choices related to biomass acquisition operations include logistics for carrying harvested biomass to storage, scheduling of working shifts, designating harvesting operation regions, and assigning personnel to harvesting machines. In terms of inventory management operations, it is necessary to regularly decide how much needs to be replenished from the upstream, delivered to the downstream, used to make biofuel goods, and stored in storage facilities.

to know about operational decisions

brainly.com/question/1266027

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4 0
1 year ago
Rory is the CFO of McIlroy Golf Designs Inc. MGDI earned $13 million last year and maintains a 30% dividend payout ratio. The co
BaLLatris [955]

Answer:

<u>Price per share of MGDI's stock is $78</u>

Explanation:

Earnings per share=Total earnings/Shares of common stock outstanding

=(13/2)=$6.5

PE ratio=Stock price/Earnings per share

Stock price=$6.5*12

=$78.

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3 years ago
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to deter
skelet666 [1.2K]

Answer:

  • Project completion time: 21 weeks
  • Critical Path: B - E - G
  • ES, EF, LS, LF are shown below

Explanation:

The earliest start is the latest of the earliest finish times of the predecessors. The earliest finish is the sum of earliest start and duration.

The latest finish is the earliest of the latest start times of the successors. The latest start is the difference of latest finish and duration.

The slack is the difference between earliest start (or finish) and latest start (or finish).

Project duration is the earliest start of the "Project Done" task. For purposes of computing slack, this (project duration) is taken to be the latest finish of the immediate predecessors.

The critical path is the sequence of tasks with 0 slack.

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