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Pachacha [2.7K]
3 years ago
8

Uncle Fred recently died and left $280,000 to his 45-year-old favorite niece. She immediately spent $80,000 on a town home but d

ecided to invest the balance for her retirement at age 65. What rate of return must she earn on her investment over the next 20 years to permit her to withdraw $75,000 at the end of each year through age 80 if her funds earn 10 percent annually during retirement
Business
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

6.06%

Explanation:

The computation of the rate of return is shown below:

Given that

NPER = 20 years

PV = ($280,000 - $80,000) = $200,000

PMT = $0

FV = $75,000 × PVIFA factor at 10% for 21 years

= $75,000 × 8.6487

= $648,652.50

The following formula should be applied

= RATE(NPER;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the rate of return is 6.06%

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Benson Company produces flash drives for computers which have variable costs of $10 per flash drive to produce. Each flash drive
zvonat [6]

Answer:

The answer is: The break even level increases in 50 units.

Explanation:

First we calculate the break even point without the increase in variable costs:

Break even point = fixed costs / contribution margin per unit

                             = $4,500 / ($20 - $10) = 450 units

Then we calculate the new break even point with the increase in variable costs:

New break even point = $4,500 / ($20 - $11) = 500 units

The difference between the new and old break even points is:

= 500 units - 450 units = 50 units

4 0
3 years ago
The concept that people should pay taxes based on the benefits they receive from government services is called?.
Scilla [17]

The Benefits Received Principle is an income tax fairness theory that holds that individuals should pay taxes based on the advantages they receive from the government.

According to the benefits received rule, those who receive the most benefits from the government, either directly or indirectly, should pay the most taxes in order to be fair.

Rather than using such a rule, taxes in the United States are mostly paid using a progressive system of income tax .

The benefits received rule dissuades double-counting charitable donations as a tax regulation.

Learn more on income tax -

brainly.com/question/17075354

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5 0
1 year ago
CORRECT ANSWERS ONLY!
sasho [114]

Answer:

1. False

2. True

3. False

4. False

Explanation:

1. Associate degree

2. A masters in business administration would be an asset to someone wanting to run a business

3.  A minor is a great way to augment skills

4. There is also a bachelors of fine arts

6 0
3 years ago
A career plan should include all of the following EXCEPT:
Svetllana [295]

Answer:

The Answer is:

B. Human Capital

5 0
3 years ago
Read 2 more answers
The ratio that measures how much an investor is willing to pay for a dollar of earnings is known as a _____________ ratio.
zzz [600]

Answer:

A)Market value

Explanation:

The market value ratios can be regarded as the financial metrics that are engaged in evaluation of worth of stocks of the companies that trade publicly. The ratio helps the investors to know if the price of prevailing market share is in sync along with the performance of the company. It should be noted that The ratio that measures how much an investor is willing to pay for a dollar of earnings is known as a market value ratio.

4 0
2 years ago
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