The answer is a definite NO. No one should EVER cash in their 401(k) to pay off debt. You will never be able to recover from the loss of compounding interest if you take out money from your retirement account. This money should be saved for retirement or EXTREME emergencies.
Im this case, Austin should take the amount of his raise and use that to start paying down his debt FASTER.
Answer. C Binding price floor that creates a surplus
Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.
Answer:
$492.78
Explanation:
Calculation for What The Ides' total piecework and overtime earnings are
Ides' total piecework and overtime earnings=[(2,976 × $0.16 ÷43*(0.5)]*3+[(2,976 × $0.16 )]
Ides' total piecework and overtime earnings= [($476.16 ÷ 43)*0.5]*3+[(2,976 × $0.16 )]
Ides' total piecework and overtime earning = ($11.07 × 0.5 )*3+[(2,976 × $0.16 )]
Ides' total piecework and overtime earnings= ($5.54 × 3)+$476.16
Ides' total piecework and overtime earnings = $16.62 + $476.16
Ides' total piecework and overtime earnings=$492.78
Therefore the Ides' total piecework and overtime earnings are $492.78
Answer:
11.20 %
Explanation:
Solution
Recall that,
Exxon-Mobil Corp. has a dividend payout ratio = 60%
The expected earnings per share = $6
The price of stock currently = $72
ROE = 13%
The rate of growth = 6.2%
Now,
Based on DCF Model, we have define the following
The Stock Price = Expected Dividend in Year 1/(Cost of Retained Earnings – growth rate) =
Thus,
72 = 6*60%/(Cost of retained Earnings-6.2%)
The Retained cost of Earnings = 11.20%
Therefore, the cost of retained earnings is 11.20 %
Answer:
$96,000
Explanation:
Data provided in the question:
Cost of the machine purchased on January 1, 2016 = $144,000
Expected salvage value = $24,000
Estimated life of the machine = 5 years
Now,
Using the straight line method of depreciation
Annual depreciation = 
or
Annual depreciation = 
or
Annual depreciation = $24,000
Now,
the accumulated depreciation till beginning of the third year
= Depreciation for the two years
= Annual depreciation × 2
= $24,000 × 2
= $48,000
Therefore,
The book value at the beginning of the third year
= Cost - Accumulated depreciation
= $144,000 - $48,000
= $96,000
