How much do I need to retire? Here are your assumptions. You are 30. You will retire when you are 65. You want $40,000 a year when you retire. You will be an aggressive investor today and have an average market return of 9%. When you retire, you will be conservative in your investing and get into bonds that have a market return of 4.5%. You expect that inflation will be 3%. You currently have $20,000 you put into the market this morning. You are expecting to live until 85. How much do you need to have saved when you turn 65? (Hint: if you want to work out how much you need to save every year, under PMT, it will be 36 years)
Answers
Answer:
The amount to be saved at the age of 65 is $1940755.74
Explanation:
To calculate the amount needed at 65 including inflation = 40000 * 1.0336 = 115931.13
Present Value of Growing Annuity = PMT / (r-g) [ 1 - {(1+g)/(1+r)}n ]
= 115931.13 / (0.045 - 0.03) [ 1 - (1.03/1.045)20 ]
= 7728742.2 * 0.2511089
= 1940755.74
Related Questions
Identify the normal balance (debit or credit) for each of the following accounts.a. Equipment.b. Wages Expense.c. Repair Services Revenue.d. Office Supplies.e. Owner Withdrawals.f. Accounts Receivable.g. Prepaid Insurance.h. Wages Payable.i. Owner Capital.
Answers
The normal balance is the term on the side of the T- account, Where we can normally find the balance.
What is accounting?The process of gathering, compiling and reporting information on business and financial transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.
a. Equipment. debit
b. Wages Expense. debit
c. Repair Services Revenue. credit
d. Office Supplies. debit
e. Owner Withdrawals. debit
f. Accounts Receivable. credit
g. Prepaid Insurance. debit
h. Wages Payable. credit
i. Owner Capital. credit
Therefore, As a result, the normal balance of the debit and the credit are as follows.
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What type of information is required on a 1040EZ form? (Select the best answer.)
A. Your gross and net income for the previous year
B. A financial projection for the next year
C. Your bank statements from the previous year
D. A list of each purchase made in the previous year
Answers
Answer:
A. your gross and net income for the previous year.
Explanation:
took the test.
when you have key information about a company's products and services and use it to help customers understand how these products and services will meet their needs, you have
Answers
When you have key information about a company's products and services and use it to help customers understand how these products and services will meet their needs, you have product knowledge. Having a strong understanding of a company's products and services is essential for sales and customer service professionals, as it allows them to effectively communicate the features and benefits of the products to customers. By using product knowledge to help customers understand how a product or service can meet their needs, sales and customer service professionals can improve customer satisfaction and increase sales.
The use of a debit card is most like:
Answers
To what are multiple servers arranged in racks related?
A: clouds
B: Microsoft Visio
C: data centers
D: implementation
Answers
Answer: its data centers because it points too rack servers but the only answer that sticks would be data centers
Explanation:
Answer:
Various number of servers placed in racks are related to Rack servers in data center.
Explanation:
In data center commonly used server is Rack servers. Servers are being arranged in the mounted racks are generally called as rack servers in the data center. Internal fans are being fitted inside the racks make the servers to make a good airflow and maintain the cooling. There are different types of racks available the user can choose based on their requirement.
Brainliest please
What is a bill in business studies
Answers
Minimum wage legislation
Answers
The Fair Labor Standards Act contains requirements on the federal minimum wage (FLSA). As of July 24, 2009, the federal minimum wage is $7.25 per hour. There are minimum wage regulations in several states. Greater employee safeguards are provided by certain state laws, and companies are required to abide by both.
What is Minimum wage law?The corpus of law known as minimum wage law forbids companies from hiring workers or employees for less than a certain hourly, daily, or monthly minimum payment. More than 90% of all nations have minimum wage laws in place. Most of the time, until recently, minimum wage rules were fairly specific.
For instance, only women and children were covered in the US and the UK. Many developed economies did not expand to the broader labor force until after the Great Depression. Even then, laws were frequently industry-specific. They were expansions of the existing labor laws, for instance, in France.
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6 of 10
How could defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities?
It can improve your credit score and make it easy to borrow money for big
purchases like a house or car.
It can block affordable options in your searching algorithms.
There is no impact on future opportunities.
It can lower your credit score and make it difficult to borrow money for big
purchases like a house or car.
Answers
Like defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities, in the sense that you can lower your credit score and make it difficult to borrow money for large purchases like a house or car.
How to improve your credit score?It is essential that the individual has a financial plan so that he can meet his responsibilities on a loan in the amount and date agreed by contract. Timely payments are essential to raise your credit score, there are some features that help with this purpose, such as pre-scheduled payments to be automatically debited.
Therefore, personal financial planning is an essential tool for citizens to make financial decisions in line with their reality, a personal budget will help to better understand their income and expenses, and consequently, better manage their money.
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Nthanda Corporation has just completed a physical inventory count at year end, December 31, 2020. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to K80,000. During the audit, the independent Accountant discovered the following additional information:
(a) There were goods in transit on December 31, 2020, from a supplier with terms FOB Shipping Point, costing K10,000. Because the goods had not arrived, they were excluded from the physical inventory count.
(b) On December 27, 2020, a regular customer purchased goods for cash amounting to K1,000 and had them shipped to a bonded warehouse for temporary storage on December 28, 2020. The goods were shipped via common carrier with terms FOB Destination. The customer picked the goods up from the warehouse on January 4, 2021. Nthanda Company had paid K500 for the goods and, because they were in storage, Nthanda included them in the physical inventory count.
(c) Nthanda Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost ofK4,000, had been delivered to the transportation company on December 28, 2020; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2020, it was excluded from the physical inventory.
(d) On December 31, 2020, there were goods in transit to customers, with terms FOB shipping point, amounting to K800 (expected delivery on January 8, 2021). Because the goods had been shipped, they were excluded from the physical inventory count.
(e) On December 31, 2020, Nthanda Company shipped K2,500 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2020. Because the goods were not on hand, they were not included in the physical inventory count.
(f) Nthanda Company, as the consignee, had goods on consignment that cost K3,000. Because these goods were on hand as of December 31, 2020, they were included in the physical inventory count.
Required
i. Pass an analysis of the above information and calculate a correct amount for the ending inventory. Give explanation of the basis for your treatment of each item.
Answers
Btw the the first few people that answers in 3 mins correctly will get A Brainiest badge
The article recommends you heavily consider your expected starting salary after graduation. Why do you think this is an important factor to keep in mind when making a decision?
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DONT ANSWER PLZZZZZZZZZ
Answers
Answer:
ok i gochu
Explanation:
roger assaulted jim in a tavern, causing medical expenses and lost wages. which of the following is true?
Answers
It is not acceptable for anyone to assault another person, and Roger should be held responsible for his actions.
What is assault?Assault is a criminal offense that involves intentionally or recklessly causing someone to fear that they will be physically harmed. It can also involve actual physical harm, but the threat or fear of harm is enough to constitute assault. The act can be committed through various means, including physical violence, verbal threats, or gestures that make the victim feel threatened. Assault can result in both criminal and civil liability, and the severity of the offense can vary depending on the circumstances, such as the degree of harm caused, the level of intent, and the relationship between the victim and the perpetrator. Penalties for assault can range from fines to imprisonment, depending on the jurisdiction and the severity of the offense.
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1.3 Eloberate on the meaning of crisis.
Answers
The Japanese concept of a company coalition of suppliers is:________.
a. poka-yoke.
b. kaizen.
c. keiretsu.
d. dim sum.
e. illegal.
Answers
Answer:
C. Keiretsu
Explanation:
A means mistake proofing, b is a Japanese philosophy, d is a food, and e is wrong because it's still done in the 21st century.
Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000
Answers
Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000
How to find the equity?The Owners equity is one of the parts of the Accounting equation which is:
Assets = Liabilities + Owners Equity
The Assets in this instance is $573,000 and the Liabilities are $272,000.
The Owner's equity is the missing amount and it can be found as:
573,000 = 272,000 + Owners Equity
Owners Equity = 573,000 - 272,000
Owners Equity = $301,000
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How does the OKR framework work?
Answers
Answer:
The OKR (Objectives and Key Results) framework is a goal-setting system that helps organizations define and track progress toward their objectives. Here's how it works:
Define Objectives: Objectives are the overarching goals that you want to achieve. They should be specific, measurable, achievable, relevant, and time-bound (SMART). Objectives should be set at the organizational level and should be aligned with the overall mission and vision of the organization.
Define Key Results: Key Results are the specific, measurable outcomes that will indicate progress toward your objectives. They should be quantifiable and time-bound, and should be tied directly to your objectives. Key Results are the metrics that you will use to track progress and determine success.
Set Priorities: Once you have identified your objectives and key results, you need to prioritize them. Determine which objectives and key results are most important, and focus your efforts on those first.
Assign Ownership: Assign ownership of each objective and key result to a specific individual or team. This ensures that there is accountability for progress and that everyone knows who is responsible for what.
Track Progress: Track progress toward your objectives and key results on a regular basis. This helps you stay on track and adjust your strategy as needed. Use metrics to measure progress and determine success.
Review and Reflect: Review progress regularly and reflect on what is working and what isn't. Use this information to adjust your strategy and improve performance going forward.
The OKR framework is a flexible system that can be used at any level of an organization, from the individual to the team to the company as a whole. It is designed to be agile and adaptable, allowing organizations to adjust their objectives and key results as needed in response to changing circumstances.
Explanation:
Answer:The Objectives and Key Results (OKR) framework is a goal-setting process meant to assist people, teams, and organisations in focusing their efforts on obtaining particular goals.
The OKR framework works as follows:
Objectives are definite, measurable, and time-bound goals that an individual or team wishes to accomplish. These objectives should be ambitious and demanding, but still attainable within a reasonable time span. Objectives should be linked to the organisation's broader mission and vision, and they should be explicit enough to track and measure progress.
Key Results are the exact measurements that will be used to track progress towards meeting the Objectives. They should be quantifiable and measurable, and they should clearly indicate whether the Objective has been met. https://10xokr.com/okr/what-is-the-okra-framework-and-how-is-it-useful/ for more knowledge visit this site.
Explanation:
Which agency can request that more money be printed?
A. The Federal Reserve
B. The Federal Open Market Committee
C. The U.S. Treasury
D. The Central Bank
Answers
The agency that can request that more money be printed is the Federal Reserve. This is further explained below.
What Is The Federal Reserve?Generally, The Federal Reserve System is responsible for maintaining a reliable, versatile, and secure financial system for the United States.
In conclusion, The Federal Reserve is the entity that has the authority to ask for further currency printing.
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If the effect of the debit portion of an adjusting entry is to increase the balance of an asset
account, which of the following describes the effect of the credit portion of the entry?
Answers
When the debit portion of an adjusting entry is used to increase the balance of an asset account, the credit portion of the entry will decrease the balance of another account, which will be either a liability account or an equity account.
What is the adjusting entry?Adjusting entries are journal entries that are made at the end of an accounting period to modify the accounts' balances. They are done to update and verify revenue and expense accounts' accuracy, as well as to adjust the balance sheet accounts for adjustments that have yet to be recorded.When should adjusting entries be made?Adjusting entries are typically made at the end of an accounting period. For example, adjusting entries may be needed if a company's insurance premiums have been paid in advance, or if a company has earned revenue but has not yet received payment.Adjusting entries are critical in determining the correct profit and loss as well as the balance sheet, which is why they must be accurate and complete.Adjusting entries are required for each financial statement's following types:Income Statement - revenue and expense accounts are adjusted.Balance Sheet - asset, liability, and equity accounts are adjusted.How are adjusting entries made?Adjusting entries are made with the following steps:Step 1: Determine the transaction or event that necessitates an adjustment. Step 2: Determine which accounts are affected by the transaction or event. Step 3: Decide whether each account is to be debited or credited. Step 4: Make the necessary adjusting journal entries.
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To protect consumers from unfair credit practices, credit laws were established
-true
-false
Answers
Answer:
true
Explanation:
"It started with the Consumer Credit Protection Act of 1968, when Congress moved to shield consumers and their financial records from abuse. In the years following, other laws refined consumer rights, spelling out how the government can access bank customers’ information, how banks treat borrowers and the way banks handle customer deposits.
It all came to a head after the Great Recession in 2008, and out of that, the Consumer Financial Protection Bureau was formed, a new government agency dedicated to protecting consumers.
Today, there are countless laws, acts and regulations designed to protect consumers. The sheer number of laws can be overwhelming, but it is important that consumers understand their basic rights, so they can identify when those rights have been violated."
Source: debt.org
In two to three sentences, answer the following:
What is the most important information you need to receive a stock quote?
What information you can obtain from a stock quote?
Answers
The most important information needed to receive a stock quote is the ticker symbol of the specific stock.
From a stock quote, you can obtain various information about the stock, including the current price of the stock, the trading volume (number of shares traded), the bid and ask prices (the prices at which buyers are willing to buy and sellers are willing to sell), the day's high and low prices, the previous close price, and the percentage change in price from the previous trading session.
Additionally, some stock quotes may provide additional data such as the company's market capitalization, dividend yield, and earnings per share.
Stock quotes provide a snapshot of a stock's performance in the market and are important for investors to make informed decisions regarding buying or selling stocks. They allow investors to track the price movements and trends of a particular stock and assess its potential value and risks.
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Which two factors must operations managers consider when choosing facilities?
O Access to markets and capacity
O Access to markets and planning
O Access to markets and access to materials
O Access to materials and planning
Answers
Answer:
the answer is c because I got it right ok
In management, scholars argue that,1 + 1 = 10. Do you agree? Explain.
Answers
Answer:
I disagree.
Explanation:
Scholars may argue that 1+1= 10. But in fact if you do simple addition, 1+1 is 2. Not 10.
What is your net cash flow if you had a total income last month of $2,900, but your expenses totaled $3,275, $375 of which was
covered by your credit card: (Negative values should be indicated with a minus sion.)
Answers
The net cash flow would be given as $375
How to solve for the net cash flowYour net cash flow would be
$3,275 - $2,900
= 375
What is meant by net cash flow?This is the term that is used to refer to the total cash inflow that a business would have minus the cash outflow that they have.
The inflow of cash in the business is given to be 3275 while the outflow of cash is given as 2900
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Which type of company only spends money when absolutely necessary?
Answers
Coast-to-Coast Shipping Company's general manager reports quarterly to the
company president on the firm's operating performance. The company uses a
budget based on detailed expectations for the forthcoming quarter. The general
manager has just received the condensed quarterly performance report shown
below.
Budget Actual Variance
Net revenue $8,000,000 $7,600,000 $400,000 U
Fuel $160,000 $157,000 $3,000 F
Repairs and maintenance 80,000 78,000 2,000 F
Supplies and miscellaneous 800,000 788,000 12,000 F
Variable payroll 5,360,000 5,200,000 160,000 F
Total variable costs* $6,400,000 $6,223,000 $177,000 F
Supervision $160,000 $164,000 $4,000 U
Rent 160,000 160,000 ___
Depreciation 480,000 480,000 ___
Other fixed costs 160,000 158,000 2,000 F
Total fixed costs $960,000 $962,000 $2,000 F
Total costs charged against Revenue $7,360,000 $7,185,000 $175,000 F
Operating income $640,000 $415,000 $225,000 U
U = Unfavorable F = Favorable
*For purposes of this analysis, assume that all these costs are totally variable with respect to sales
revenue. In practice, many are mixed and have to be subdivided into variable and fixed components
before a meaningful analysis can be made. Also assume that the prices and mix of services sold remain
unchanged.
Although the general manager was upset about not obtaining enough revenue, she was happy that her
cost of performance was favorable; otherwise her net operating income would be even worse.
The president was totally unhappy and remarked: "I can see some merit in comparing actual
performance with budgeted performance because we can see whether actual revenue coincided with our
best guess for budget purposes. But I can't see how this performance reports helps me evaluate cost
control performance."
Required:
1. Prepare a columnar flexible budget for Coast-to-Coast Shipping at revenue levels of $7,000,000;
$8,000,000; and $9,000,000. Assume that the prices and mix of products sold are equal to the budgeted
prices and mix.
2. Express the flexible budget for costs in formula form.
3. Prepare a condensed table showing the master (static) budget variance, the sales volume variance,
and the flexible budget variance
Answers
1. Columnar Flexible Budget:
$7,000,000 $8,000,000 $9,000,000
Net Revenue $7,000,000 $8,000,000 $9,000,000
Fuel $140,000 $160,000 $180,000
Repairs and Maintenance $70,000 $80,000 $90,000
Supplies and Miscellaneous $700,000 $800,000 $900,000
Variable Payroll $4,690,000 $5,360,000 $6,030,000
Total Variable Costs* $5,600,000 $6,400,000 $7,200,000
Supervision $140,000 $160,000 $180,000
Rent $160,000 $160,000 $160,000
Depreciation $480,000 $480,000 $480,000
Other Fixed Costs $160,000 $160,000 $160,000
Total Fixed Costs $940,000 $960,000 $960,000
Total Costs $6,540,000 $7,360,000 $8,160,000
Operating Income $460,000 $640,000 $840,000
2. Formula for Flexible Budget Costs:
Total Variable Costs = (Variable Cost per Unit * Net Revenue) + Total Fixed Costs
3. Condensed Table:
Variance Master (Static) Budget Sales Volume Variance Flexible Budget Variance
Net Revenue $400,000 UF $0 $200,000 UF
Total Costs $175,000 F $0 $50,000 F
Operating Income $225,000 U $0 $150,000 U
The Master (Static) Budget Variance is the difference between the budgeted net revenue and the actual net revenue. In this case, it is an unfavorable variance of $400,000.
The Sales Volume Variance is the difference between the flexible budget net revenue and the budgeted net revenue. Since there is no change in the sales volume, this variance is zero.
The Flexible Budget Variance is the difference between the flexible budget total costs and the actual total costs. In this case, it is a favorable variance of $50,000. This indicates that the company was able to control costs better than anticipated.
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Assume that you and your classmates are board members of a child care and education center for 60 preschool children located in a community center building. They had asked you to set up the program four years ago. Now the community center director feels he needs your space for additional adult activities during the day. You need to move out of the building in 30 days. What will you do? Consider all the options, and then make a plan.
Answers
The best plan for you would be to write to the education board regarding the issues that you are facing.
What are the functions of the local education board?The education board in a local area can help to do the following
Employ a school superintendentdevelop school policiesDevelop curriculumTake care of all issues that have to do with facilities.Hence the best thing would be to let them know of the issues you are facing in order to determine the best help necessary.
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Which of these statements is correct with regard to the implementation of marketing objectives?
a. Brilliant marketing plans succeed even without proper implementation.
b. A lot of ongoing communication is involved when executing a plan.
c. Managers hold the power to decide and implement decisions rather than delegating it.
d. Implementation gauges the extent to which marketing objectives have been achieved during the specified time period.
Answers
Answer:
B). A lot of ongoing communication is involved when executing a plan.
Explanation:
The second statement regarding 'a lot of ongoing communication is involved when executing a plan' is the most correct regarding the implementation of marketing objectives. Effective communication is the most significant key to ensure that the plans are timely and efficiently executed, the tasks are divided and coordinated significantly, and the desired goals and objectives are achieved successfully. Thus, option B is the correct answer.
A Christmas promotion included a $2.5 mail-in rebate for the purchase of a 10-liter bottle of milk and a store coupon for $1.39 off a 5-liter bottle of vegetable oil. Jesse Gatling bought one 10-liter bottle of milk for $33.00 and a 5-liter bottle of vegetable oil for $26.89. Calculate his total cost if an envelope cost $0.10 and a stamp cost $0.28
Answers
His total cost if an envelope cost $0.10 and a stamp cost $0.28 is $56.38.
After the mail-in rebate, the price of the 10-liter bottle of milk is
\($33.00 - $2.50 = $30.50\)
After the store coupon, the price of the 5-liter bottle of vegetable oil is
\(26.89- 1.39= $25.50.\)
The two items cost Jesse a total of \(($30.50 + $25.50)= $56.00.\)
If an envelope costs $0.10 and a stamp is $0.28,
The total cost of sending in the rebate is $0.10 + $0.28 = $0.38
The total cost if an envelope cost $0.10 and a stamp cost $0.28 is $56.38.
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What other inspiring realizations helped Andrew Feld come up with the idea for his startup? List and rank them in order according to their impact and explain why you believe they had an impact.
Answers
The other inspiring realizations that helped Andrew Feld to come up with the idea for his startup, Fresh Patch, were as follows:
Idea: His pet gave him some idea that he could build a patch bathroom to enable his dog to ease whenever nature comes calling. When he tried it out with the dog and saw the success, he engaged his need for income to start marketing the product to others.Necessity: Since he was unemployed with a pregnant wife, he realized that he could do something with his time. This made him to try the bathroom for dogs idea that his pet needed. He needed some income to cater for his family.A Big Vision: The other realization is that the first year could be tough and will-breaking. Then, he also realized that a big vision could be realized if one works hard at it.Thus, these realizations greatly helped Andrew Feld for his startup, Fresh Patch.
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Another factor influencing business ethics is _____, or what is fair according to prevailing standards of society.
Group of answer choices
equity
utilitarianism
validity
righteousness
justice
Answers
Answer: Justice.
Explanation: Justice is a moral principle that leads people to act in the correct way according to established laws. When speaking at the business level, justice seeks that people are paid in a reasonable way according to their functions, that there is no inequality, and that everyone can receive the treatment they deserve.