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bekas [8.4K]
2 years ago
3

Your goal is to have $1 million in your retirement savings on the day you retire. To fund this goal, you will make one lump sum

deposit today. If you plan to retire _____ rather than _____ and earn a _____ rate of interest, then you can deposit a smaller lump sum today.
Business
1 answer:
tangare [24]2 years ago
4 0

Answer:

The answers are:

  • later (at an older age)
  • sooner (younger)
  • higher

Explanation:

The value of money changes over time, and we expect it to increase as times goes on. If we invest $100 today, we expect that invested be worth more in one year, and even more in ten years.

So if we want to retire and have $1 million in our retirement savings fund, the amount we need to save today varies depending on 2 variables:

  1. The age at which we will retire; the younger we plan to retire, the less money our retirement fund will have earned, so we need to make a larger deposit today.
  2. The interest rate our money can earn; the higher the interest we expect to earn , the smaller our deposit.

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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,500 C
romanna [79]

Answer:

The return on equity for 2017 is 21.46 %

Explanation:

Return on equity measures the return earned on the owners investment in the company.

<em>Return on equity = Net Income for the year / Total Shareholders Funds × 100</em>

                            = $822 / ( $2,980 + $850) × 100

                            = 21.4621 or 21.46 %

Note : That Retained earning is part of Owners Investment.

Conclusion :

The return on equity for 2017 is 21.46 %

6 0
2 years ago
Lori recently quit her job and decided to start her own company, which will sell makeup to small beauty salons. What should she
dedylja [7]

Lori has already decided she wants to sell beauty products and market them to small beauty salons. She now needs to decide how she wants to price her product so that the beauty salons will buy it. Option B. decide how to price her product is the next step that Lori should take. After she decided the price, she will have the what, where and how much and then she can move on to how she will advertise her product to the small beauty stores.

5 0
2 years ago
Read 2 more answers
Basic earnings per share ignores:A. All potential common shares.B. Some potential common shares, but not others.C. Dividends dec
Aleksandr [31]

Answer:

A. All potential common shares.

Explanation:

Basic earnings per share ignores all potential common shares.

8 0
2 years ago
Which career professional is not part of the Business, Management, and Administration career cluster?
LUCKY_DIMON [66]

Hello!

<u><em>The answer should be the last options.</em></u>

Explanation: Human Resources Director is part of the business, management, and administration career clusters. Assistant to the Chief Executive Officer is part of the business, management, and administration career clusters. Business Accountant is part of the business, management, and administration career clusters. <em><u>Mathematics Instructor is "not part of the business, management, and administration career cluster".</u></em> Hope this helps! Thank you for posting your question at here on Brainly. Have a great day! -Charlie

4 0
2 years ago
Read 2 more answers
Explain why the death of selena led to a growth in the number of consumer products targeted specifically at the latino community
Maksim231197 [3]

Answer:

Not relevant to her death but it had to do with the timing in which it happened.

Explanation:

Remember she was indeed a stars among Hispanic Americans, according to reports Latinos  bought  millions of records by the singer who they saw as a model.

Prior to her death there were plans to lunch consumer products targeted specifically at the Latino community considering their market potential from the entertainment industry.

Christy  Haubegger decided to lunch one of such consumer products the Latina Magazine which focused on the Latino community leading to more of these products.

7 0
2 years ago
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