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3 years ago

Why is it important to consider how you will spend your retirement when planning for retirement?

Business

1 answer:

hjlf3 years ago

8 0

Answer:

Retirement planning is important because it can help you avoid running out of money in retirement. Your plan can help you calculate the rate of return you need on your investments, how much risk you should take, and how much income you can safely withdraw from your portfolio.

Explanation:

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Lindsey’s college will cost her a total of $6,000 a year for the next 3 years. She is also foregoing making $26,000 a year at th

Alex_Xolod [135]

Answer: Lindsey's total investment in education is $18,000.

Since Lindsey's college will cost a total of $6000 per year for the next three years, her total investment in education will be $6000*3 = 18,000$ .

The $26000 per year that's given in the question is the value of Lindsey's earnings if she chose to work at the local mall. This is the gain Lindsey foregoes in each of the three years in order to learn, and represents her opportunity cost or alternate costs.

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3 years ago

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Which of these factors led to the stock market crash of 1929? A) high interest rates. B) low tariff barriers C) high taxes D) ex

Kaylis [27]

I believe the answer is: D) excessive credit expansion

Excessive credit expansion allow a person to obtain high value assets even if they do not have any money to pay for it. This create an economic bubble that eventually popped overtime, creating a massive economic depression that almost drive the nation into bankruptcy.

3 0

3 years ago

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true or false: The decrease in the proportion of income spent on the basic necessities of life has encouraged the demand for mor

KIM [24]

Answer: True

Explanation: This quiz question explains the relationship between income and demand.

7 0

3 years ago

Sprague Company has been operating for several years, and on December 31, 207, presented the following balance sheet.

Firdavs [7]

Answer:

A. Current Ratio= 2.63

B. Acid-Test Ratio = 1.44

C. Debt to Assets Ratio 51.16%

D. Return on assets 5.81%

Explanation:

a. Calculation forn Current Ratio

First step is to Calculate the Total Current Assets

Cash 40,000

Receivables 75,000

Inventory 95,000

Total Current Assets 210,000

Now let calculate Current Ratio

Current Ratio= Current Assets / Current Liabilities

Current Ratio=210,000/80,000

Current Ratio= 2.63

b Calculation for Acid-Test Ratio

Acid-Test Ratio=(Current Assets - Inventory) / Current Liabilities

Acid-Test Ratio =(210,000-95,000)/80,000

Acid-Test Ratio =115,000/80,000

Acid-Test Ratio = 1.44

c. Calculation for Debt to Assets Ratio

First step is to calculate total Debt

Accounts payable 80,000

Mortgage payable 140,000

Total Debt 220,000

Now let calculate the Debt to Assets Ratio

Debt to Assets Ratio= Total Debt/ Total Assets

Debt to Assets Ratio=220,000/430,000

Debt to Assets Ratio= 51.16%

d. Calculation for Return on assets

Return on assets= Net Income/ Average Assets

Return on assets=25,000/430,000

Return on assets 5.81%

4 0

3 years ago

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its c

ZanzabumX [31]

Answer:

Date Account titles and explanation Debit Credit

May 20 Cash ($6,200 - $310) $5,890

Credit card expenses ($6,200*5%) $310

Sales $6,200

(To record the deposit)

3 0

3 years ago