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3 years ago

100 percent of your income after you re tire will probably come from social security

Business

1 answer:

Finger [1]3 years ago

5 0

Answer:

average, retirement beneficiaries receive 40% of their pre-retirement income from Social Security. As you make your retirement plan, knowing the approximate amount you will receive in Social Security benefits can help you determine how much other retirement income you'll need to reach your goals.

Explanation:

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Ploeger Corporation has provided the following contribution format income statement. Assume that the following information is wi

Natasha_Volkova [10]

Answer:

Break-even point (dollars)= $234,000

Explanation:

Giving the following information:

Sales (4,000 units) $ 240,000

Variable expenses 156,000

Fixed expenses 81,900

First, we need to calculate the selling price and unitary variable cost:

Selling price= 240,000/4,000= $60 per unit

Unitary variable cost= 156,000/4,000= $39 per unit

Now, we can calculate the break-even point in dollars, using the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 81,900/ [(60 - 39)/60]

Break-even point (dollars)= $234,000

5 0

3 years ago

You made an investment of $12,000 into an account that paid you an annual interest rate of 3.5 percent for the first 5 years and

Whitepunk [10]

Answer:

interest rate r = 6.78 %

Explanation:

given data

investment = $12,000

interest rate = 3.5 percent = 0.035

time = 5 year

interest rate = 7.9 percent = 0.079

time = next 15 year

to find out

What was your annual rate of return over the entire 20 years

solution

we get here interest rate as

interest rate r = $[(1+r)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1$ ...................1

here t1 is time period for first 5 year and t2 is time i.e next 15 year and r1 and r2 is rate

now put here value we get

interest rate r = $[(1+)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1$

interest rate r = $[(1+0.035)^{5} * (1+0.079)^{15}]^{\frac{1}{5+15}} - 1$

interest rate r = 1.0678 - 1

interest rate r = 0.0678

interest rate r = 6.78 %

4 0

3 years ago

The Equal Employment Opportunity Commission (EEOC) investigated Chen's complaint of workplace discrimination against his employe

Digiron [165]

Answer: Chen has 90 days after he receives his "right-to-sue"letter from the EEOC to sue his employer in federal court

Explanation:

From the question, we are informed that The Equal Employment Opportunity Commission (EEOC) investigated Chen's complaint of workplace discrimination against his employer and sent him a notice stating that it found no reasonable cause for his complaint.

Chen's next step if he wants to pursue the claim is that Chen has 90 days after he receives his "right-to-sue"letter from the EEOC to sue his employer in federal court.

8 0

3 years ago

The United States produces computers and sells them to Mexico. At the same time, Mexico produces cars and sells them to the Unit

iren [92.7K]

Answer: B .An increase in imports into the United States and a decrease in exports to Mexico, which will cause a decrease in aggregate demand and real GDP

Explanation: Both the United state and Mexico are involved in international trade between the two countries in this scenario. So if there is a an appreciation in the Dollars there will be increased in importation into the United States, since fewer dollars will be required to import items. This will caused decrease in export to Mexico which will decreased aggregate demand and real GDP.

6 0

3 years ago

Read 2 more answers

Measuring Sustainable Earnings Harnishfeger Corporation was a mining machinery and equipment company based in Wisconsin. The com

Katena32 [7]

Answer:

Harnischfeger Corporation

Measuring Sustainable Earnings

a. Sustainable earnings = $1,530,000

b. Most analysts at the capital market would like to recalculate the net income to the actual income without the change in Harnischfeger depreciation accounting policy in order to understand the effect of the change.

Explanation:

a) Data and Calculations:

Excerpts from Harnischfeger financial statements

(in thousands)

Income before income taxes, equity items,

and cumulative effect of accounting method change 5,838

Provision for income taxes (2,452)

Income after taxes 3,386

Equity items 858

Cumulative effect of change in depreciation method 11,005

Net income 15,249

Sustainable Earning:

(in thousands)

Income before income taxes, equity items,

and cumulative effect of accounting method change 5,838

Change in estimate (3,200)

Adjusted income 2,638

Income taxes (42%) (1,108)

Income after taxes 1,530

Income taxes rate = 2,452/5838 * 100 = 42%

b) Sustainable earnings differ from actual net earnings or income by removing the amount of irregular revenues, expenses, gains, and losses included in the financial year's net income. Sustainable earnings enable the users of financial statements to estimate a company's future earnings without the “noise” generated by irregular accounting items around the net income figure.

6 0

3 years ago