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inessss [21]
2 years ago
4

You accepted a new job with starting salary of $65,000 per year. The salary is expected to increase 4% each year. Now it is time

to make a retirement plan for the next 39 years you expect to work. Your retirement fund has an annual interest rate of 5%, and You plan to deposit 6% of your annual salary into the account. (Hint: Be sure to move all values to the same point in time for equivalency.)
a. How much money will be in your retirement account at the end of 39 years? (Hint: this is a geometric gradient problem)
b. How much can you with draw from that account each year in retirement for 25 years. Assume you will withdraw the same amount each year. (Hint: this is uniform annuity problem)
Business
1 answer:
Olegator [25]2 years ago
3 0

Answer:

Future value of the retirement account             $814,470.21

The annual withdrawals will be in the order of $  63,713.33

Explanation:

we go with the future value of a growing annuity:

\frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}

g 0.04

r 0.05

C 65,000 x 6% savings = 3,900

n 39

\frac{1-(1+0.04)^{-n}\times (1+0.05)^{-39} }{r - g}

FV  814,470.21

<em><u>Present value of the retirement couta</u></em>

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  814,470.21

time 25

rate 0.06

814470.21474148 \div \frac{1-(1+0.06)^{-25} }{0.06} = C\\

C  $ 63,713.332

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Answer:

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Prerequisite 2  

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The Cappuccino Express Critical Success Factors :  

Quality and cost of existing items  

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The greater part of these Vincent will have the option to show some power about whether it is adjusting costs, items, guiding various areas or making preparing programs. Then again, if Vincent's essential supposition never again remains constant, regardless of what he does he will most likely be unable to equal the initial investment, not to mention turn a benefit.  

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Vincent needs to leave on numerous assignments in dealing with The Cappuccino Express. To start with, Vincent must blueprint a statement of purpose, objectives, and destinations. As supervisor, Vincent must do statistical surveying. He should get some answers concerning his rivals, clients, and the economy. Additionally, he should utilize a workforce and train them. He should isolate the expenses into assembling costs (direct materials, direct work, and assembling overhead) and non producing costs (selling and managerial expenses). This will take into account monetary observing and precise gauges of benefits, stock, and expenses. Vincent ought to assess both of his areas and conclude whether to remain in business or grow. Additionally, Vincent ought to evaluate his item contributions, administrations, and quality. He can choose which sorts of publicizing (advancements and limits) to offer.

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2 years ago
Which of the following ingredients would alert you to the likely presence of trans-fatty acids in a product? A. hydrogenated veg
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Answer:

a. hydrogenated vegetable oil

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Hydrogenated vegetable oil -

It is found in many common food ingredients.

The hydrogenated vegetable oil is composed of oils that are extracted from sunflowers , olives plants etc.

These oils are liquid at room temperature , and to convert it to solid , the compound is saturated with hydrogen molecules , i.e. , hydrogen molecules are added , which changes the taste and texture of the oil .

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6 0
2 years ago
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Ivenika [448]

Answer:

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Selling price per unit                              $120                   $160

Variable costs per unit                            $40                    $90

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Machine hours per unit                    0.4 hours              1.0 hours

Max. unit sales per month               600 units              200 units

machine operate 8 hours per day during 22 days per month, total hours of machine work per month = 176

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Machine hours per unit                    0.4 hours              1.0 hours

Contribution margin per                    $200                      $70

machine hour

number of hours needed to               240                      200             440

produce maximum sales                                                                  in total

Currently the company should only produce Product G, since it is able to produce 440 units per month and that generates a contribution margin of $35,200.

If the company decides to produce in two shifts, then it should produce 600 units of Product G (using 240 machine hours) and use the remaining 112 machine hours to produce 112 units of product B. This will generate a total contribution margin of: $48,000 +$7,840 = $55,840.

The additional contribution margin generated = $55,840 - $35,200 = $20,640, which is higher than the additional costs generated by working in two shifts. The second shift will increase the company's p´profits by $5,640 (= $20,640 - $15,000).

8 0
2 years ago
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Furkat [3]

Answer:

1. The difference between the total cost and the total variable cost is a constant. - TRUE

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2. When total cost or total variable cost is​ increasing, there are increasing marginal returns to the variable input. - FALSE

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3. Changes in fixed costs do not affect the shape or placement of the total cost curve. - FALSE

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6 0
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Setler79 [48]

Answer:

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7 0
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