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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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The distinguishing feature of economic capital (as opposed to financial capital, like money) is that it is:__________. a. expens

seraphim [82]

Answer:

C. Productive

Explanation:

3 0

3 years ago

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful

Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = $\frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}$

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = $\frac{40,000}{4\ years} = 10,000$

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0

3 years ago

Information regarding Maxwell’s direct labor cost for the month of January follows: Direct labor hourly rate paid $ 29.20 Total

Umnica [9.8K]

Answer:

std rate $30.64
efficiency variance $6,128.00

Explanation:

We will work the rate variance to obtain the standard rate:

$(standard\:rate-actual\:rate) \times actual \: hours DL \: rate \: variance$

actual rate $29.20

actual hours 11,700

difference $1.44

rate variance $16,800.00

$(standard\:rate-29.2) \times 11,700 = 16,700$

$(standard\:rate= 16,700 \div 11,700 +29.2$

std rate $30.64

Now we can solve for the labor efficiency variance:

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 11700

actual hours 11500

std rate $30.64

difference 200

efficiency variance $6,128.00

The diference is positive, sothe variance is favorable.

4 0

3 years ago

An economy is operating with output $300 billion above its natural level, and fiscal policymakers want to close this expansionar

topjm [15]

Answer:

$120 billion

Explanation:

Economy operating at $300 billion above its natural level of output.

Marginal propensity to consume, MPC = 3/5 = 0.6

For closing this expansionary gap, the government have to decrease its spending by the amount calculated as follows:

Spending multiplier:

= 1/ (1 - MPC)

= 1/ (1 - 0.6)

= 1/ 0.4

= 2.5

Hence, the government spending reduces by

= Expansionary gap ÷ Spending multiplier

= $300 ÷ 2.5

= $120 billion

4 0

3 years ago

Omkara, a furniture manufacturer, contracts with foam gnome for $50,000 worth of foam, which omkara will use for making ten sofa

snow_tiger [21]

In this situation, it would be a breach of contract if Gnome would require Omkara to pay a higher price than the agreed price. They have already contracted the price and they both agreed to it. Omkara can enforce her right to the contract claiming that she will only pay the $50000 because it is what they have agreed upon.

8 0

3 years ago