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Oliga [24]
2 years ago
10

Joe's starting salary is $80,000 per year. He plans to put 10% of his salary each year into a mutual fund. He expects his salary

to increase by 5% per year for the next 30 years, and then retire. If the mutual fund will average 7% annually over the course of his career, how much money will he have to retire on?
Business
1 answer:
Lana71 [14]2 years ago
3 0

Answer:

FV= $1,930,661.48

Explanation:

Giving the following information:

Joe's starting salary is $80,000 per year. He plans to put 10% of his salary each year into a mutual fund. He expects his salary to increase by 5% per year for the next 30 years, and then retire. If the mutual fund will average 7% annually

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {8000*[(1.12^30)-1]}/0.12= $1,930,661.48

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Flora and Fauna Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age
vladimir2022 [97]

Answer:

$6,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Since the Allowance for Doubtful Accounts has a credit balance of $1,200 before adjustment at December 31, 2016, the additional amount to be allowed

= $7200 - $1200

= $6000

This will be posted as

Debit Bad debt expense  $6000

Credit Allowance for doubtful debt  $6000

4 0
2 years ago
Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit
arsen [322]

Answer:

1.      1.22

Explanation:

P = Price of money clip

S = Supply of money clip

P1 = 0.75

P2 = 0.90

S1 = 8,000

S2 = 10,000

Mid point Formula = [ ( S2- S1 ) / ( P2- P1 ) ] / [ ( ( S2+ S1 ) / 2) / ( ( P2 + P1 )/2 ) ]

Price Elasticity of Supply =  [ ( 10,000- 8,000 ) / ( 0.90- 0.75 ) ] / [ ( ( 10,000+ 8,000 ) / 2) / ( ( 0.90 + 0.75 )/2 ) ]

Price Elasticity of Supply = (2,000 / 0.15) / (9,000 / 0.825)

Price Elasticity of Supply = 13,333.33 / 10909.09

Price Elasticity of Supply = 1.22

3 0
2 years ago
1. Estratégia é o caminho para ir de um ponto a outro, obedecendo a restrições e respeitando determinado prazo. Para se definir
NeX [460]

Answer:

Olá, realizei algumas pesquisas e encontrei a opção que você precisava.

<em><u>d. Não definir forças, oportunidades, fraquezas e ameaças, as quais a empresa está inserida.</u></em>

Explanation:

<u>A estratégia organizacional</u> é definida de acordo com as metas e objetivos que a empresa deseja alcançar no curto e longo prazo.

Por isso é necessário implementar planos que auxiliem a empresa na obtenção dos resultados esperados.

A análise SWOT é uma ferramenta de gestão estratégica utilizada para que uma organização tenha conhecimento das variáveis internas (forças e fraquezas) e externas (oportunidades e ameaças) que influenciam no seu desempenho e consequentemente nos resultados.  

Portanto <em><u>a alternativa D é falsa</u></em>, visto que a análise das forças, oportunidades, fraquezas e ameaças organizacionais, irão orientar a empresa a identificar os seus pontos positivos e negativos de forma a coordenar, corrigir e controlar seus ambientes para que se alcance maior eficácia organizacional.

5 0
2 years ago
The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn
kramer

Answer: d. price control.

Explanation:

Price control is a mechanism used by government in order to control price, this is done when government sets a minimum and maximum price for certain goods and services, this is done in order to manage the purchasing power for such goods. Most times government adopt price control system for things like food, energy product, etc. Price control can lead to a situation where there will either be shortage or over supply.

5 0
2 years ago
Read 2 more answers
At a production level of 5,150 units, a project has total cash costs of $130,789. The variable cost per unit is $11.07, and the
Sphinxa [80]

Answer:

d. $73,778.50

Explanation:

Variable Cost = $11.07 per unit x 5,150 units = $57,010.50

Total Cost = $130,789

Fixed Cost = Total Cost - Variable Cost

Fixed Cost = $130,789 - $57,010.50

Fixed Cost = $73,778.50

Since Depreciation is the Fixed Cost and we have been given the Total Cost of the Project, so the Depreciation is already included in the Fixed Cost.

Hence Total Fixed Cost is equal to $73,778.50.

3 0
2 years ago
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