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2 years ago

Why is it important to plan early for your retirement?

1 answer:

8 0

It is quite important to begin to plan early for your retirement In order to take advantage of the power of compounding.

<h3>Why should you plan early for retirement?</h3>

When you start planning early for retirement, you get to invest funds earlier and leave them to grow for longer.

This means that you can take advantage of the power of compounding, in that your investment will compound for longer and accumulate to higher levels.

Find out more on compounding at brainly.com/question/24924853.

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Banks pay their customers interest on the money in their accounts for what reason? A. That money earns interest when the bank lo

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Answer:

A. That money earns interest when the bank loans it out.

Explanation:

Banks pay their customers interest on the money in their accounts because that money earns interest when the bank loans it out.

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3 years ago

Due to technological changes in the nature of work and global competition, the Dictionary of Occupational Titles (DOT) has been

zysi [14]

Answer:

a. True

Explanation:

DOT stands for the Dictionary of Occupational Titles. It is the publication which was produced by the Department of Labor of the United States of America for the working people that helped the employers, the government officials, and the other workforce development professionals in order to define over $13,000$ different types of work from $1938$ to the late $1990$ s.

But now, due to the advancement in technologies and change in the nature of job of many works the previous publication was replaced by the new Occupational Information Network which suits with todays technology and development in the working conditions. It is shortly known as the O*NET.

Hence the answer is TRUE.

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3 years ago

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3 years ago

The Venoid Corporation has an annual cash inflow from operations from its investment in a capital asset of $23,000 (excluding

statuscvo [17]

Answer:

$80,500

Explanation:

Data provided as per the question

Capital asset = $23,000

Number of year = 5

Income tax rate = 30%

The computation of cash inflow from operations is as shown below:-

Before tax = capital asset × number of year

= $23,000 × 5

= $115,000

Cash inflow from operations = Before tax × (1 - Income tax rate)

= $115,000 × (1 - 0.3)

= $115,000 × 0.7

= $80,500

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3 years ago

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3 years ago