Answer:
The correct answer is $7,056.46
Explanation:
Giving the following information:
You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. How much do you need to save each year if you can earn 7.5 percent on your savings?
Final value= 55,000*25= 1,375,000
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46
The correct answer would be the overview. It is because in order for potential investors to accept the business plan, it is always best to provide a better and more understandable overview in which it will provide them the information they needed and as to why they should sign the contract with you or how can they accept the business plan.
Answer:
The journal entry as at the end of the year will be
End of year Debit Cost of Goods Sold $110,000
Credit LIFO Reserve account $110,000
Explanation:
A FIFO method of inventory maintenance is when the first in first out(FIFO) method for inventory utilizations is followed. Here, the oldest inventory is used first followed by the next oldest inventory. Suppose I have in stock inventory purchased in March and May, when the demand for use of inventory arises, the March inventory purchased will be utilized first.
LIFO method works the opposite way. In the above case, when the demand for use of inventory arises, the May inventory purchased will be utilized first.
In this case, FIFO is changed to LIFO method which gives rise to and LIFO reserve account of $50,000/- at the beginning of the year. Through the year, the difference in inventory maintenance method, further increases the LIFO reserve by $60,000/-. Hence the total reserve created due to inventory method change is $50,000+$60,000 = $110,000/-. The change in inventory maintenance will have a direct impact on cost of goods sold(COGS). Hence COGS is debited.
Answer:
Steps to Reviewing it:
- Look for the unweighted and Total GPA
- Look at the individual grades for the various subjects by semester then by GP.
- Look at the explanation of marks
- Finally look at the comments made on the report
Sections drawn to:
- Total GPA
- Grades in certain courses such as Computer Science, Commerce and Chemistry.
- Comments from teachers
Important to me
- That I pass all my subjects as much as possible and cause my teachers less grief.
Important to my parents
- That I pass all my subjects by the best margins possible.
Actions if something looks wrong:
- Investigate on my own first for instance, if a grade is not what it should be, go through term papers and be sure of the results.
- Go to relevant authority to complain.
Answer: Users.
Explanation:
There are 7 positions in the Buyer Decision Process which includes the Initiators, the buyers, decision makers, influencers, Users and Gatekeepers.
The Users are the finally people who actually use the product and their opinion matters. They are usually consulted on how to make a product better in the post-evaluation process.
Kate as a sales representative arranged to meet students and got their feedback on textbooks with the aim of using their feedback to make their textbooks better. This would signify that the students play a USER role in the buying centre and their opinion is being used to learn to make a product better. Also, the company sells textbooks and textbooks are usually for students.
