Marcia Stubern is planning for her golden years. She will retire in 20 years, at which time she plans to begin withdrawing $60,000 annually. She is expected to live for 20 years following her retirement. Her financial advisor believes she can earn 11% per year on annually. How much does she need to invest each year to prepare for her financial needs after her retirement?
Hint: This a two-step problem
First step; Is to determine how much money Marcia requires on the day she retires to fund her expected retirement of$60,000 per year with a 8% return
Second Step: is to find the annual payment that Ms. Stubern must make to fund the amount found in part one with an expected return of 11% for the next 20 years
Answers
According to the question Marcia will need to invest approximately $249,158.45 annually for the next 20 years to prepare for her financial needs after her retirement.
First step: To determine how much money Marcia requires on the day she retires to fund her expected retirement of $60,000 per year with an 8% return, we can use the present value of an annuity formula.
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Where PV is the present value (amount to be invested), PMT is the annual withdrawal amount ($60,000), r is the interest rate (8% or 0.08), and n is the number of years in retirement (20).
PV = $60,000 * [(1 - (1 + 0.08)^(-20)) / 0.08]
PV = $60,000 * [(1 - 0.2145) / 0.08]
PV = $60,000 * (0.7855 / 0.08)
PV = $589,125
So, Marcia will need to have $589,125 on the day she retires to fund her expected retirement.
Second step: To find the annual payment that Marcia must make to fund the amount found in the first step with an expected return of 11% for the next 20 years, we can use the present value of an annuity formula.
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Where PV is the present value (amount to be invested), PMT is the annual payment, r is the interest rate (11% or 0.11), and n is the number of years until retirement (20).
$589,125 = PMT * [(1 - (1 + 0.11)^(-20)) / 0.11]
Solving for PMT, we find:
PMT = $589,125 / [(1 - 1.2597) / 0.11]
PMT = $589,125 / (0.2597 / 0.11)
PMT = $589,125 / 2.3618
PMT ≈ $249,158.45
Therefore, Marcia will need to invest approximately $249,158.45 annually for the next 20 years to prepare for her financial needs after her retirement.
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Related Questions
i will give $1000 to someone that can help me with this. and im being serious
Answers
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones
h dies in 2022 with a gross estate of $13 million. h leaves $6,000,000 to a grandchild, $1,000,000 outright to w, and $6,000,000 in a qtip trust with remainder to a grandchild. h's executor makes a qtip election for the trust. what is the amount of the marital deduction? group of answer choices $0
Answers
The marital deduction is a tax deduction that allows an individual to transfer an unlimited amount of assets to their spouse upon their death without incurring any federal estate or gift tax. However, in this scenario, h did not leave any assets directly to their spouse, w. Instead, they left $6,000,000 in a qtip trust with remainder to a grandchild.
A Qualified Terminable Interest Property (QTIP) trust allows an individual to provide for their surviving spouse while maintaining control over how their assets are distributed after their spouse's death. In this case, h's executor made a qtip election for the trust, which means that the trust assets will be eligible for the marital deduction.
The amount of the marital deduction is equal to the value of the property that passes to the surviving spouse. Since no assets were directly left to the surviving spouse, the marital deduction would be $0. However, the $6,000,000 in the qtip trust will be eligible for the marital deduction upon the death of the surviving spouse, assuming they are a US citizen.
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Which of the following may account for variations in real income per capita or real income per worker across countries?
A.
Differences in workers' stock of skills workers' stock of skills.
B.
Differences in available technology.
C.
Differences in the stock of equipment and structures the stock of equipment and structures.
D.
All of the above.
E.
A and B only.
Answers
Variations in real income per capita or real income per worker across countries may be due to differences in workers' stock of skills, differences in available technology, and differences in the stock of equipment and structures. The correct answer is D. All of the above.
A. Differences in workers' stock of skills: Countries with a higher level of human capital, which includes the skills, knowledge, and education of their workforce, tend to have higher productivity and higher real income per worker. Skill levels can vary due to differences in educational attainment, training programs, and investment in human capital development.
B. Differences in available technology: Technological advancements and access to modern technology can significantly impact productivity and economic output. Countries with advanced technology and efficient production methods are likely to have higher real income per worker compared to those with limited technology or outdated practices.
C. Differences in the stock of equipment and structures: The level of physical capital, such as machinery, equipment, infrastructure, and buildings, can affect productivity levels. Countries with a higher stock of productive capital tend to have a higher output and real income per worker.
Therefore, all three factors listed in options A, B, and C - differences in workers' stock of skills, differences in available technology, and differences in the stock of equipment and structures - can account for variations in real income per capita or real income per worker across countries. Hence, D is the correct option.
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Which is not a benefit of having an analytical and data-driven mindset? O It helps individuals and organizations make informed decisions. O It helps you ask the right questions and translate an unclear request into a well-defined analytical problem. O It enables you to improve on existing solutions by replacing human work with technology. O It enables you to be aware of your own biases, so you are more likely to stay objective and clear minded.
Answers
Having an analytical and data-driven mindset can be immensely beneficial to individuals and organizations in making informed decisions.
Here, correct answer will be:- O It helps individuals and organizations make informed decisions.
It helps you ask the right questions and translate an unclear request into a well-defined analytical problem. Additionally, it enables you to improve on existing solutions by replacing human work with technology. However, being aware of your own biases and objective thinking is not a direct benefit of having an analytical and data-driven mindset.
While being aware of one's own biases is important, it is not a direct consequence of having an analytical and data-driven mindset. Rather, it is a result of having a critical and open-minded attitude towards analyzing data. Therefore, it is important to recognize that being aware of one's own biases is not a direct benefit of having an analytical and data-driven mindset.
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8. All of the following statements concerning quality control (QC) ranges are true except:
a. E.QC drifts would not be expected to result from a change in the lot of a reagent
b. QC ranges supplied in the manufacturers’ package insert are extensively validated and should be used by the clinical laboratory
c. Typical QC ranges include the mean +/‐ 2SD (standard deviations) or +/‐3SD
d. With a 2 SD range, 1 in 20 QC values will be out of range
Answers
Three out of the four statements concerning quality control (QC) ranges are true, except for one statement. The false statement is related to QC drifts resulting from a change in the lot of a reagent.
The other true statements include the validation and use of QC ranges supplied by manufacturers, typical QC ranges based on mean +/- 2SD or +/- 3SD, and the likelihood of 1 in 20 QC values falling out of the range with a 2 SD range.
Statement a is false. QC drifts can occur as a result of changes in the lot of a reagent. Any variation in the reagent's composition or performance can lead to changes in QC values, indicating a drift from the expected range.
Statement b is true. Manufacturers extensively validate and provide QC ranges in the package inserts of their products. These ranges are designed to ensure accurate and reliable performance of the assay or test and should be followed by clinical laboratories.
Statement c is true. Typical QC ranges are often defined as the mean +/- 2SD or +/- 3SD. These ranges encompass a certain percentage of QC values, usually around 95% or 99%, providing a measure of acceptable variation.
Statement d is true. With a 2 SD range, approximately 1 in 20 QC values would be expected to fall outside the range. This allows for some tolerance to accommodate natural variation while identifying significant deviations that may indicate issues with the assay or testing process.
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BOX 2.5 Case Highlight Limiting Imports of Hormone-Treated Beef Case Name and Tribunal European Communities-Measures Concerning Meat and Meat Products (Hormones) (WTO Appellate Body, 1998)17 Facts In response to concerns of EU citizens about the risks presented by beef injected with natural and synthetic growth hormones, the European Union imposed a ban on the import of such beef. The United States challenged the restriction under the SPS Agreement, claiming that the panel reviewing the issue evalu- ated the risk associated with the use of hormones for growth promotion twice and the only evidence on record showed that the studies looked at a "theoretical framework for the systemic analysis of such problems" but did not actually investigate and evaluate the problems that arise from the use of such hormones. Issue Did the EU's ban on hormone-treated beef comply with the re- quirements of the SPS Agreement? Decision A risk assessment, as required by Article 5.1, is "a scientific process aimed at establishing the scientific basis for the sani- tary measure a Member intends to take." The ban was found not to be based on a risk assessment that followed scientific principles and procedures and, therefore, was in violation of the SPS Agreement. Analysis/Application In order to rely on exceptions to the GATT under the Agree- ment on Technical Barriers to Trade (TBT Agreement), member states must rely on sound scientific principles and provide evi- dence of such. Aftermath The case raised difficult issues and required a consideration of the uncertainty presented by divisions of scientific opinion. The European Union was unwilling to remove its restrictions on the import of the hormone-treated beef, with the result that the WTO in 1999 authorized the United States and Canada to col- lect penalties of more than $100 million per year in extra duties on European exports. The European Union brought the issue back to the WTO, where unprecedented open hearings were held in 2005. The European Union argued that new scientific evidence showed that the European Union complied with the 1998 WTO judgment. The impasse between the United States and the European Union was settled by way of a negotiated agreement in 2012 in which the European Union kept its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Answers
The case mentioned is the European Communities-Measures Concerning Meat and Meat Products (Hormones) case, which was brought before the WTO Appellate Body in 1998.
The case involved a dispute between the European Union (EU) and the United States regarding the EU's ban on the import of beef treated with growth hormones.
The EU had imposed the ban in response to concerns raised by its citizens regarding the potential risks associated with the consumption of beef injected with natural and synthetic growth hormones. The United States challenged the ban, arguing that the EU had not conducted a proper risk assessment as required under the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement).
The Appellate Body, in its decision, determined that the EU's ban on hormone-treated beef did not comply with the requirements of the SPS Agreement. It stated that a risk assessment should be a scientific process aimed at establishing the scientific basis for the sanitary measure, and the EU's ban did not follow scientific principles and procedures.
The case highlighted the importance of relying on sound scientific principles and providing evidence when implementing trade measures that may restrict imports. Under the Agreement on Technical Barriers to Trade (TBT Agreement), exceptions to the General Agreement on Tariffs and Trade (GATT) require adherence to scientific principles.
The aftermath of the case resulted in tensions between the United States and the European Union, with the WTO authorizing the United States and Canada to impose extra duties on European exports. Subsequent efforts were made to resolve the dispute, and in 2012, a negotiated agreement was reached. The European Union maintained its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Overall, the case showcased the challenges of balancing trade restrictions based on public health concerns and the need to ensure that such measures are supported by scientific evidence and comply with international trade agreements.
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What are some good colleges in New Orleans that arent expensive??
Answers
Answer:
southern university, Dillard university, university of new orleans
If the multiplier in an economy is 5 and a firm buys new plant and machinery valued at $100 million, what is the value of the mpc?
Answers
The value of MPC is 0.8.
What is MPC?The marginal propensity to consume (MPC) is defined as the proportion of a pay increase that a consumer spends on goods and services rather than saving. The marginal propensity to consume, which is calculated as the change in consumption divided by the change in income, is a component of Keynesian macroeconomic theory.
Calculation for the value of MPC:
Multiplier = 1/1-MPC
5 = 1/1-MPC
MPC = 4/5
= 0.8
Therefore, when the multiplier in the economy is 5, the MPC will be 0.8.
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The recording of adjusting entries is supported by the a. cash-basis of accounting. b. matching concept. c. accuracy concept. d. cost concept.
Answers
The recording of adjusting entries is supported by the B. matching concept.
What is the matching concept ?The matching concept is an accounting principle that requires expenses to be recognized in the same accounting period as the related revenue. Adjusting entries are made at the end of an accounting period to ensure that the matching principle is followed.
These entries adjust the accounts to accurately reflect the revenues and expenses for the period, and to ensure that the financial statements are accurate and complete. Adjusting entries are made regardless of whether a company uses the cash basis or accrual basis of accounting, as they are necessary to ensure the accuracy of the financial statements.
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During its most recent fiscal year, Hodge. Co. had total sales of $3,320,000. Cartibution margin amounted to $1,560,000 and pretax income whs $490,000. What amount shouid tave been reported as variable costs in the company's contribution margin income stavement for the year? Mulipie Crose 51.270000 $2.830.000. $2,050,000. $1,070,000 $1,760,000.
Answers
To calculate the variable costs reported in the company's contribution margin income statement, we can use the formula:
Variable Costs = Total Sales - Contribution Margin
Given that the total sales were $3,320,000 and the contribution margin was $1,560,000, we can substitute these values into the formula:
Variable Costs = $3,320,000 - $1,560,000 = $1,760,000
Therefore, the amount that should have been reported as variable costs in the company's contribution margin income statement for the year is $1,760,000.
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Tina, a sales manager, is interviewing a worker who applied for a sales job. She likes the applicant so much that she says, "This is a great place to work. If you are loyal to us, we will be loyal to you, and you can count on a job here." Phil, the HR manager, learns what Tina said. He asks her not to make this kind of statement again. What reason best explains why Tina's comment was unwise?
Answers
The reason why the comment by Tina was unwise was because A. Tina's statement could be taken as an implied contract to keep the worker in future, making it hard to dismiss the worker if problems arise.
Why should Tina not have said that?Tina essentially gave the applicant an implied contract because she gave the applicant terms that they needed to abide by in order to get the job and to keep it.
Those terms revolved around loyalty. This means that if the company needed to dismiss the worker in future, the worker could go to court and argue that they deserve to keep their job because they have given the loyalty that was a requisite according to Tina.
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Answer:
Tina's statement could be taken as an implied contract to keep the worker in the future making it hard to dismiss the worker if problems arise
the retained earnings account balance was $141,000 at december 31 of the prior year. (1) prepare the income statement for the year ended december 31. (2) prepare the statement of retained earnings for the year ended december 31.
Answers
The income statement is a financial statement that shows a company's revenues, expenses, and net income over a specific period of time. The statement of retained earnings, on the other hand, shows the changes in a company's retained earnings account over a specific period of time.
To prepare the income statement for the year ended December 31, we need to gather information about the company's revenues and expenses during that period. Without further information, it is not possible to provide a specific answer for this question. The income statement typically includes revenues at the top, followed by expenses, and then the resulting net income.
To prepare the statement of retained earnings for the year ended December 31, we need to consider the beginning balance of retained earnings, any net income or loss, dividends paid, and any adjustments. In this case, the beginning balance of retained earnings is given as $141,000. However, without additional information about net income, dividends, and adjustments, it is not possible to prepare a specific statement of retained earnings.
In order to provide a complete and accurate answer, more information is needed, such as the company's revenues, expenses, net income, dividends, and any adjustments.
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universal product codes (upcs) are used to describe products for inventory taxation purposes. True or false ?
Answers
Universal product codes (UPCs) are used to describe products for inventory taxation purposes. False.
Universal Product Codes (UPCs) are primarily used for product identification and tracking in the retail industry. UPCs are used to encode information about a product, such as its manufacturer, brand, and specific product details, into a scannable barcode that can be easily read by a barcode scanner.
This allows retailers to keep track of their inventory, speed up the checkout process, and provide accurate pricing information to customers. They are not specifically used for inventory taxation purposes, although they can be helpful in keeping accurate inventory records for tax purposes.
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A company's ________ tells you how much money the company has left over after subtracting all expenses. A. Net profit B. Gross profit C. Revenue D. Cost of goods sold Please select the best answer from the choices provided A B C D
Answers
Answer:
A. net profit is the correct anwer..
Answer:
A.
Net profit
Explanation:
Can Someone please help me quickly ASAP
2. Choose a well-known company, and describe at least three qualities that you associate with that company or brand. Explain why you associate those qualities with that brand. (1-6 sentences. 3.0 points) TIP: This can be the same company you used in question 1 above, or it can be different.
Answers
Answer:
Do like Mc Donalds or Sony maybe Marvel Studios
Explanation:
those 3 companies are huge and can describe easily
Answer:
Mcdonalds this is big company they are all over the globe. They are a huge fast food chain. For a cheap and easy meal,the convenience is pretty good, granted there everywhere.
Explanation:
I need help with all those questions
Answers
In its fourth year, a project is expected to generate earnings before interest, taxes, depreciation, and amortization of $123,884 and its depreciation and amortization expense is expected to be $25,252. If the company’s tax rate is 35%, what is the project’s expected net operating profit after taxes for the year?
Answers
Answer:
$64,111
Explanation:
The computation of the project’s expected net operating profit after taxes for the year is shown below:-
Earning before interest and tax is
= earnings before interest, taxes, depreciation, and amortization - depreciation and amortization expense
= $123,884 - $25,252
= $98,623
Profit After tax = Earning before interest and tax × (1 - Tax rate)
= $98,623 × (1 - 35%)
= $64,111
Therefore we have applied the above formula to reach the profit after tax.
Suppose that you enter into a four-month forward contract on a stock with the stock price of $100. The continuous compounding risk-free interest rate is 10% per annum and the dividend yield on the stock is 1% per quarter. What should be the equilibrium forward price?
Answers
The equilibrium forward price should be $103.0454.
The equilibrium forward price can be calculated by using the formula F = S * e^(r - q) * T, where F is the forward price, S is the spot price, r is the risk-free interest rate, q is the dividend yield, and T is the time to maturity.
In this case, we have S = $100, r = 10% per annum or 0.1, q = 1% per quarter or 0.01, and T = 4 months or 0.333 years.
Plugging in these values into the formula, we get:
F = $100 * e^(0.1 - 0.01) * 0.333
F = $100 * e^0.03
F = $100 * 1.030454
F = $103.0454
It is important to note that the forward price is an investment that reflects the expected future value of the stock, taking into account the risk-free interest rate and the dividend yield.
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Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario it can be inferred that Thomas has adopted a(n) _________ mechanism for coordinating. Group of answer choices
Answers
Group of answer choices.
a. bureaucratic
b. authoritative
c. centralized
d. behavioristic
Answer:
d. behavioristic.
Explanation:
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
A span of control can be defined as the number of people (employees or workers), functions, activities which are being directly controlled effectively and efficiently by a manager in an organization.
In this scenario, Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario, it can be inferred that Thomas has adopted a behavioristic mechanism for coordinating because he doesn't exert too much control over his subordinates.
if the minimum wage is set above the equilibrium market wage, it group of answer choices does not affect the market equilibrium. is lower than firms are willing to pay for labor. is effective and reduces unemployment. increases unemployment.
Answers
When the minimum wage is set above the equilibrium market wage then it increases unemployment.
How can the minimum wage increase unemployment?When the minimum wage is set at such a point that it is above the equilibrium market wage, then there is a good chance that this can lead to increased unemployment in an industry, market, or nation.
The reason for this is simply that employers would not be willing to pay such a high minimum wage that it above the equilibrium market wage. They will therefore hire less workers than before, thereby meaning more people out of a job.
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low inflation is a sign of?
Answers
Answer:
usually signals demand for goods and services is lower than it should be, and this tends to slow economic growth and depress wages.Jun
Explanation:
The choice of the proper mixture of debt and equity used to finance a corporation, is also referred to as the:A. Capital budgeting decision.B. Capital structure decision.C. Investment decision.D. Liquidity decision.
Answers
The proper mixture of debt and equity used to finance a corporation is referred to as Capital structure decision.
The capital structure decision involves determining the proportion of debt and equity in a company's financing mix. It involves evaluating the appropriate balance between borrowing funds (debt) and raising funds through ownership (equity) to optimize the company's financial structure. The decision impacts the company's risk profile, cost of capital, and overall financial stability. It is an important strategic choice that affects the company's ability to meet financial obligations, generate returns for shareholders, and manage risk effectively. Therefore, the correct term for this decision is the capital structure decision.
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Sticking to a list will help you save money.
True
False
Answers
Hope this helped :)
Have a blessed day!!
From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.
Answers
Answer:4
Explanation:The total in 4 months would equal 360
4 months will it take you to save enough money to buy your North Face jacket.
Saving per month based problem;What information do we have?
Amount save per paycheck = $45
Amount of jacket = 350 (Missing data)
Amount save per month = 2 × Amount save per paycheck
Amount save per month = 2 × 45
Amount save per month = $90
Number of months need = 350 / 90
Number of months need = 3.88
Number of months need = 4 months
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Front desk agents should authorize (validate) the card used by a guest as that guest's preferred form of payment at the time:of hotel rooms remaining to be sold.of the guest's arrivalSell-out
Answers
Front desk agents should validate the card used by a guest as that guest's preferred form of payment at the time of the guest's arrival (c).
This helps ensure that the payment method is valid and can be used to cover any charges during the guest's stay. It is also important to monitor the number of hotel rooms remaining to be sold and to consider the possibility of a sell-out, which could impact the guest's ability to extend their stay or make changes to their reservation.
By authorizing the card in advance and staying aware of the hotel's occupancy levels, front desk agents can help ensure a smooth and successful guest experience.
Front desk agents should authorize (validate) the card used by a guest as that guest's preferred form of payment at the time of the guest's arrival. This helps ensure a smooth check-in process and confirms the guest's ability to pay for their stay.
Therefore, the correct answer is option c. guest arrival.
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Briefly explain the laws that apply to the promotion of this product/service.
Answers
Explanation:
Product promotion is the act of advertising a good or service with the goal of increasing sales. Many companies use different techniques to promote their products through a vast array of communication media.
Which of the following refers to the balance an account is always supposed to have?
Normal balance
Debits
Credits
Double-entry system
Answers
Answer:
Normal balance
Explanation:
Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification. Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.
Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.
Which best describes how an investor makes money off debt?
Answers
An investor makes money by issuing bonds. They are debt securities. That is, an investor lends money (principal) to a company or the government for a period of time in exchange for a series of interest payments (yield).
When the bond reaches maturity, the principal is returned to the investor. In the exchange for buying a bond, an investor or bondholder receives the periodic interest payments called coupons. Quarterly, semi-annual or yearly coupon payments are intended to provide investors with regular and predictable income. There are many types of funds, but the main ones are equity funds and debt funds.
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The costs per equivalent unit of direct materials and conversion in the rolling department of oak ridge steel company are 180 and 62
Answers
Answer:
Equivalent units of direct materials= $180 per tons
Equivalent units of conversion =$62 per tons
Explanation:
Calculation to Determine the direct materials and conversion costs per equivalent unit.
Using this formula
Equivalent units of direct materials=Cost of direct materials transferred/Total equivalent units for direct materials
Let plug in the formula
Equivalent units of direct materials= $432,000/2,400
Equivalent units of direct materials= $180 per tons
Therefore the direct materials cost per equivalent unit will be $180 per tons.
Calculation for Equivalent units of conversion using this formula
Equivalent units of conversion=Conversion cost /Total equivalent units for Conversion
Let plug in the formula
Equivalent units of conversion=$144,150/2,325
Equivalent units of conversion= $62 per tons
Therefore the conversion cost per equivalent unit will be $62 per tons.
fredico has to lead a training for his company he wants to include a visual element to help engage his audience what type of application software is the best tool for the job
a. desktop publishing software
b. digital audio software
c, presentation software
d. word processing software
Answers
Fredico has to lead a training for his company he wants to include a visual element to help engage his audience. The best type of application software for the job is presentation software.
What does a presentation software means?Presentation software means a software that is designed to allow users to create a presentation of ideas mostly by stringing together text, images and audio/video. The presentation helps to tells a story or supports speech or the presentation of information.
It is divided into business presentation and general multimedia but most these applications already provide tools that allow users to create both professional-looking business presentations and general multimedia presentations.
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