Answer:
Annual deposit= $14,789.43
Explanation:
Giving the following information:
You decide you will need to save $ 2 million by the time you are 65.
The interest rate is 5 %. The number of years until 65 is 42.
We need to use the following Final Value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (2000000*0.05)/[(1.05^42)-1]= $14,789.43
The correct answer is C) theory Z.
The motivation that focuses on the fact that management and administration of contemporary organizations must consider the needs of the employee and, more importantly, how those needs can be met within the context of both the organization society as a whole is "theory Z."
When we are referring to the theory "Z," we are referring to the theory developed by economist William Ouchi. It was in the 1980s when Ouchi proposed this management style theory in the book "Theory Z: How American Business Can Meet the Japanese Challenge." The theory refers to the benefits of stable employment that generates productivity, and satisfaction in the workplace.
The other options of the question were A) theory X. B) theory Y. D) expectancy theory.
Answer:
The correct answer is letter "D": represents the universality of exchange rate systems.
Explanation:
Purchasing Power Parity or PPP compares different countries' currencies through a market's basket of goods approach. Two currencies are in PPP when a market basket of goods, taking into account the exchange rate is priced the same in both countries. PPP currency rates are considered more accurate than market-exchange rates.
Answer:
D. $52,000
Explanation:
As for the provided information,
We have,
Total capital of Nancy = $70,000
Payment to Nancy on retirement = $84,000
Since no goodwill is recorded any extra payment to Nancy will be debited against existing partner's capital account.
Amount debited against Lynn's Capital Account = ($84,000 - $70,000) 
4/(4+3) = $8,000
Balance of capital after such payment of Lynn's capital account = $60,000 - $8,000 = $52,000.
