answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vova2212 [387]
2 years ago
13

Ron is 30 years old and is retiring at the age of 65. when he retires, he will need a monthly income of $1,270 for 10 years. if

ron contributes 5% of his monthly income to a 401(k) paying 2.75% compounded monthly, will he reach his goal for retirement given that his monthly income is $1,571.12? if he does not make his goal then state by what amount he will need to supplement his income. round all answers to the nearest cent.
a. ron will meet his monthly goal of exactly $1,270 for retirement.


b. ron will meet his monthly goal of $1,270 for retirement with an excess of $7.42.


c. ron will not make his monthly goal of $1,270 and will need $74.16 to supplement his monthly income when he retires.


d. ron will not make his monthly goal of $1,270 and will need $741.68 to supplement his monthly income when he retires.
Business
2 answers:
Lilit [14]2 years ago
8 0

Answer:

The answer is D just took the test.

Alika [10]2 years ago
3 0

d.

Ron will not make his monthly goal of $1,270 and will need $741.68 to supplement his monthly income when he retires.

You might be interested in
If a store sold 25 pairs of socks, making a 25% profit of $150, how much did they charge for each pair?
djyliett [7]
25x-0.25=150
25x=149.75
x=5.99
5.99$ for each pair.
6 0
2 years ago
Consider the relationship between monopoly pricing and price elasticity of demand. If demand is inelastic and a monopolist raise
strojnjashka [21]

Answer:

itll be 10

Explanation:

because on how itll show for the energy on demand

4 0
2 years ago
All About Animals has two product​ lines: Cat food and Dog food. Contribution margin income statement data for the most recent y
Nataly [62]

Answer:

Increase in operating income by $12,000

Explanation:

The above is an incomplete question because the value for 'space normally used to produce the rented line' is missing. However, I assumed the value is $26,000 per year as gotten from the internet -Chegg.

Given the above information, the operating income can be affected as calculated below;

Sales revenue $85,000

Add additional revenue $26,000

Total revenue $11,1000

Less: variable expenses ($40,000)

Contribution margin $71,000

Less: fixed expense ($52,000)

New net operating income

$19,000

Less: Original operating income

($7,000)

Increase in operating income

$12,000

7 0
2 years ago
Country A has an absolute advantage over Country B in the production of both soybeans and corn. Explain a scenario in which both
Genrish500 [490]
This is a key idea with international trade.  This involves what is known as comparative advantage.
let's say country A can produce a ton of soybeans in 4 hours and a ton of corn in 2 hours.  While country B can produce a ton of soybeans in 15 hours and a ton of corn in 5 hours.  
Looking at this set up you can see that country A can produce both corn and soybeans faster, so they have an absolute advantage in both!
However what trade is based on is opportunity cost.  So if we think about how much corn country A has to give up to produce soybeans, they have to divert a total of 4 hours from corn to soy beans to produce one ton of soy beans.  That 4 hours could be used to produce 2 tons of corn (since 2 hours for 1 ton and we're taking away 4 hours!).  So opportunity cost of soybeans in country A is 2 corn.
In country B they would need a total of 15 hours to produce one extra ton of soybeans, but those 15 hours could instead be used to produce 3 tons of corn (5 hours per ton and we're stealing 15 total hours).  That means country B's opportunity cost is 3 corn.
Since A has a lower opportunity cost in produce soybeans they will specialize and B will specialize in corn.  
3 0
2 years ago
Explain the role of cognitive shortcomings in the WorldCom fraud and how social and organizational pressures influenced Betty Vi
bulgar [2K]

Answer: Ethical Obligations and Decision-Making in Accounting-The Heading  is devoted to helping students cultivate the ethical commitment needed to ensure that their work meets the highest standards of integrity, independence, and objectivity.

* This program is designed to provide instructors with the flexibility and pedagogical effectiveness, and includes numerous features designed to make both learning and teaching easier.

Explanation: The first, addressed in Part I, is the administrative cost of deregulation, which has grown substantially under the Telecommunications Act of 1996.Part II addresses the consequences of the FCC's use of a competitor-welfare standard when formulating its policies for local competition, rather than a consumer-welfare standard. I evaluate the reported features of the FCC's decision in its Triennial Review. Press releases and statements concerning that decision suggest that the FCC may have finally embraced a consumer-welfare approach to mandatory unbundling at TELRIC prices. The haphazard administrative process surrounding the FCC's decision, however, increases the likelihood of reversal on appeal.Beginning in Part III, I address at greater length the WorldCom fraud and bankruptcy. I offer an early assessment of the harm to the telecommunications industry from WorldCom's fraud and bankruptcy. I explain how WorldCom's misconduct caused collateral damage to other telecommunications firms, government, workers, and the capital markets. WorldCom's false Internet traffic reports and accounting fraud encouraged overinvestment in long-distance capacity and Internet backbone capacity. Because Internet traffic data are proprietary and WorldCom dominated Internet backbone services, and because WorldCom was subject to regulatory oversight, it was reasonable for rival carriers to believe WorldCom's misrepresentation of Internet traffic growth. Event study analysis suggests that the harm to rival carriers and telecommunications equipment manufacturers from WorldCom's restatement of earnings was $7.8 billion. WorldCom's false or fraudulent statements also supplied state and federal governments with incorrect information essential to the formulation of telecommunication policy. State and federal governments, courts, and regulatory commissions would thus be justified in applying extreme skepticism to future representations made by WorldCom.Part IV explains how WorldCom's fraud and bankruptcy may have been intended to harm competition, and in the future may do so, by inducing exit (or forfeiture of market share) by the company's rivals. WorldCom repeatedly deceived investors, competitors, and regulators with false statements about its Internet traffic projections and financial performance. At a minimum, WorldCom's fraudulent or false

6 0
2 years ago
Other questions:
  • Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
    12·1 answer
  • The service sector has lower productivity improvements than the manufacturing sector because: the service sector uses less skill
    12·1 answer
  • John has to decide whether to buy a zero-coupon bond with very little risk that costs $950 and will pay $1085 in one year or put
    7·1 answer
  • Logistics means creating an efficient assembly line. <br><br> A. <br> True <br> B. <br> False
    12·2 answers
  • Mary owns 100 percent of a gift shop with an equity value of $150,000. If she keeps the shop open 5 days a week, EBIT is $75,000
    13·1 answer
  • A lumber mill paid $70,000 for logs that produced 200,000 board feet of lumber in 3 different grades and amounts as follows: Gra
    14·1 answer
  • A football game between the Thunder and the Sharks is in its closing minutes, with the Thunder ahead by 20 points. The Thunder’s
    7·1 answer
  • A small business owner has decided to form a ______________ after deciding that she wants to maximize revenue, minimize taxes, g
    11·1 answer
  • What does the region between the lines to the left of the​ break-even point​ represent? A. The number of riding mowers that must
    13·1 answer
  • Finally, help Anastasia by thinking of three professionals that can help her in the next steps of her course development. Do som
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!