You can describe stretch goals as goals placed above the ones you need or strive to achieve, as a secondary objective. Think of achieving a stretch goal as doing even better than expected.
Answer:
Labor Rate Variance = - $1,188 Unfavorable
Explanation:
Provided labor hours for each radio = 0.9
Standard labor cost per hour = $7.20
Actual labor cost = $48,708
Actual labor hours = 6,600
Actual labor rate = $48,708/6,600 = $7.38
Labor Rate Variance = (Standard Rate - Actual Rate) 
Actual Hours
= ($7.20 - $7.38) 6,600 =<em><u> - $1,188 Unfavorable</u></em>
Answer:
Instructions are below.
Explanation:
Giving the following information:
Susan:
Annual deposit= $5,000 for 10 years
Lumo-sum for 30 years
Interest rate= 8.5%
Jane:
Annual deposit= $5,000 for 30 years.
<u>First, we will calculate the future value of Susan:</u>
<u></u>
First 10 years:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*[(1.085^10)-1]}/0.085
FV= $74,175.50
Last 30 years:
FV= PV*(1+i)^n
FV= 74,175.50*(1.085^30)
FV= $857,050.14
<u>Jane:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*[(1.085^30)-1]}/0.085
FV= $621,073.63
<u>Earnings difference= 857,050.14 - 621,073.63= $235,976.51 in favor of Susan.</u>
Answer:
Only going to dept for things you really need and have planned for
