it costs $10 to make a single unit using regular production and $15 to make a single unit using overtime production. total overtime production is limited to 1000 units for the five-month period. the manufacturing plant has a regular production capacity of 250 units per month and 225 units in inventory at the start of the planning period. there is a $5 per unit charge for holding inventory at the end of each month and a limit of 600 units ending inventory for any period. what is the minimum cost production plan if the forecast must be met with a zero ending inventory each month?
Answers
The minimum cost production plan is $16,500.
Please refer to the table attached below for the sales forecast.
From the case, we know that:
Regular production cost = $10 per unit
Overtime production cost = $15 per unit
Maximum overtime capacity = 1,000 for 5-month
Regular capacity = 250 per month
Beginning inventory in January = 225 units
Holding cost = $5 per unit
Maximum ending inventory capacity = 600 per month
Targeted ending inventory = 0 unit
We have to ensure that, the units produced each month cannot exceed the available production capacity, 250 units. The rest of products should be made by allocating overtime production capacity. However, we have to ensure that the overtime capacity could not exceed its limit, 1,000 units for all production.
We could conduct a table to allocate the productions plan:
Month Forecast Beg. inv. End. Inv. Production Reg. prod. OT prod.
January 250 225 0 25 25 0
February 200 0 0 200 200 0
March 300 0 0 300 250 50
April 400 0 0 400 250 150
May 500 0 0 500 250 250
Total 1,650 225 0 1,425 975 450
We find that some products should be made using the overtime production capacity and the total overtime production capacity is still within its limits.
Next, we will calculate the production cost for each month:
Month Reg. prod. OT prod. Reg. cost OT cost Holding cost Total cost
January 25 0 $250 $0 $0 $250
February 200 0 $2,000 $0 $0 $2,000
March 250 50 $2,500 $750 $0 $3,250
April 250 150 $2,500 $2,250 $0 $4,750
May 250 250 $2,500 $3,750 $0 $6,250
Total 975 450 $9,750 $6,750 $0 $16,500
The minimum cost production plan if the forecast must be met with a zero ending inventory each month is $16,500
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Related Questions
which valuation method estimates the proceeds that can be generated as a result of selling all assets and inventory and paying off short-term liabilities?
Answers
The proceeds that could be made by selling all assets and inventories as well as short-term liabilities are estimated using the liquidation analysis valuation approach.
Which technique of asset assessment determines a firm's minimum value?Because it excludes intangible assets, this is the absolute least that a firm may be valued at and can serve as a helpful floor for its asset value. A stock would be deemed undervalued if its market value was lower than its book value, indicating that the share price is significantly below the book value.
What are the three ways of valuation?Market, cost, and income are the three primary types of valuation methodologies that are frequently used to determine the economic value of firms; each method has benefits and limitations.
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Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answers
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
Controls are designed to mitigate risk and provide reasonable assurance about the achievement of an organization objectives with respect to.
Answers
The achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
What is a Control?This refers to a process that is effected by an entity's board of directors, management, and other personnel.
This process is designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
Therefore, the achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
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What are called public services? Give any five examples.
Answers
Answer:
Supplying gas or electricity MilitaryPublic transportation ( Bus, Trains+)Emergency services Public broadcasting ( includes television, radio+)Explanation:
hopefully this helps !
Explanation:
Supplying gas or electricityMilitaryPublic transportation ( Bus, Trains+)Emergency servicesPublic broadcasting ( includes television, radio+)Thanking myself for the wonderful answer <33
write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answers
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
Do you think the glass ceiling is still an issue for female workers in the United States? Explain.
Answers
Answer: I think that is has gotten a lot better because you now see women as CEOs of companies and doing more things with women.
what is intertropical means?
Answers
Answer:
Explanation:
situated between or within the tropics. or relating to regions within the tropics : tropical.
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You are given the following information about the open economy of Macroland for 2014: - GDP $100 billion - Consumption $70 billion - Tax revenues $15 billion - Transfer payments $8 billion - Government spending $20 billion - Exports $10 billion - Imports $12 billion a. What is the level of investment spending in Macroland in 2014? b. What is the level of capital inflow for Macroland in 2014? Is Macroland borrowing from foreigners or lending to foreigners? Explain your answer. c. What is private savings equal to in Macroland in 2014? d. What is the government budget balance equal to in Macroland in 2014? e. Does national savings + capital inflow equal investment spending for this economy in 2014? Explain your answer. f. Is the government of Macroland saving or borrowing funds in 2014? Explain your answer.
Answers
The investment spending equals $12 billion, capital inflow equals -$2 billion, private savings equals $15 billion, budget balance equals -$5 billion.
What is the level of investment spending?National income formula is "Y" = C + I + G + X - M
100 = 70 + I + 20 + 10 - 12
100 = I + 88
I = $12
Hence, the Investment spending equals $12 billion
What is the level of capital inflow?Y = C + I + G + XM
XM = Y - C- I - G
XM = 100 - 70 - 12 - 20
XM = -$2 billion
What is private savings?S = Y - T - C
S = 100 - 15 - 70
S = $15
What is the government budget balance?Balance = T - G
Balance = 15 - 20
Balance = -$5
Is the government saving or borrowing funds?Because the budget balance is in deficit, then, the government is borrowing funds to finance its budget.
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Is debt finance the same as debt capital?
Answers
Answer:
no they are not the same hope this helps
¿Un producto tiene una EPD de 0,73. Qué podemos decir acerca de la Elasticidad de este producto? Explique.
Answers
Answer:
En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.
Explanation:
La elasticidad precio de la demanda (EPD) indica en qué medida los cambios en el precio alteran la demanda de productos o servicios concretos. En otras palabras, la elasticidad precio de la demanda señala cuánto varía la cantidad demandada de un bien cuando varía su precio.
Se calcula comparando el valor porcentual del cambio en el precio con el del correspondiente cambio en la demanda. Es decir, se define como el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio.
Si la EPD > 1, se dice que la demanda del bien es elástica y la cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio. La cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.
Si la EPD < 1, se dice que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. La demanda de un bien es inelástica cuando la reacción de los consumidores ante un cambio en el precio no es significativa.
Si la EPD = 1, se dice que la demanda del bien tiene elasticidad unitaria y la cantidad demandada aumenta (disminuye) en la misma proporción en que baja (sube) el precio.
En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.
Tony, Juan, and Isabel live in a city where the combined state and local sales tax rate is 8%. They each purchased the same computer and paid $160 in sales tax. A 5-column table has 3 rows. The first column has entries Tony, Juan, Isabel. The second column is labeled Income with entries 10,000, 50,000, 75,000. The third column is labeled Cost of computer with entries 2,000, 2,000, 2,000. The fourth column is labeled Sales tax paid with entries 160, 160, 160. The fifth column is labeled tax rate with entries 1.6 percent, 0.32 percent, and 0.21 percent. This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.
Answers
Answer:
Tony pays the highest tax rate on the computer, not based on the nominal sales tax rate, but on the percentage that the tax represents of his total income.
His income is $10,000, and he pays $160 in sales tax, for an effective rate of 1.6%.
The person who would be the most affected by an increase in the sales tax rate is again, Tony, simply because he has the lowest income. Juan and Isabel would also be affected by a sales tax increase, but on a much lower scale (because their incomes are also a lot larger).
a) The scenario described by the 5-column table with 3 rows showed that Tony paid the highest tax rate (effective) on the computer, based on his income level.
b) Tony would be the most affected by an increase in the sales tax rate because his effective tax rate would increase, causing him to suffer the most.
What is a sales tax?A sales tax is a proportional tax that charges the same percentage on the consumption of goods and services without considering a person's income level.
Data and Calculations:Tax Payer Income Cost of Computer Sales Tax Paid Tax Rate
Tony $10,000 $2,000 $160 1.6%
Juan 50,000 2,000 160 0.32%
Isabel 75,000 2,000 160 0.21% ($160/$75,000 x 100)
Thus, this scenario of a tax system illustrates that sales tax is not progressive, but it is proportional since it is based on consumption and not income level.
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Who do you think mergers help the most, consumers or the businesses that merge?
Answers
Mergers may improve product quality, which benefits consumers. For example, the merger of two start-up software companies could result in better quality products and faster time-to-market as the merged entity takes advantage of the research capabilities and facilities of their legacy companies.
A company can raise money by doing all but which of the following?
A. Conducting an initial public offering
O B. Taking a loan
C. Providing stock options to executives
D. Issuing bonds
Answers
Answer:
B
Explanation:
who is the president in Italy
Answers
Answer:
Sergio Mattarella
Explanation:
Sergio Mattarella OMRI OMCA (Italian pronunciation: [ˈsɛrdʒo mattaˈrɛlla]; born 23 July 1941) is an Italian politician, jurist, academic and lawyer who serves as the 12th and current president of Italy.
Answer:
Sergio Mattarella
Explanation:
Sergio Mattarella OMRI OMCA (Italian pronunciation: [ˈsɛrdʒo mattaˈrɛlla]; born 23 July 1941) is an Italian politician, jurist, academic and lawyer who serves as the 12th and current president of Italy.
All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?
Answers
Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer:
$7.10 USD
Explanation:
If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.
1.48 / 100 = 0.0148
Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480
480 * 0.0148 = 7.104
Therefore we can see that $7.10 USD goes to medicate this week.
Which statement best describes total task chaining?
A. The steps of the behavior chain are taught one at a time, in the order outlined by the task analysis, starting with step one
B. The client is taught one step at a time beginning with the last step of the behavior chain.
C. All previous steps are complete for the student
D. The client is taught all steps of the behavior chain in order and assistance is provided for any step the client is not able to complete independently
E. The client is taught one step at a time starting with the step that is easiest for the client
Answers
14- Use the following words to fill in the blanks in the statements below about the market for loanable funds. Choose from: demanded, supplied; left, right; higher, lower a. A change that makes people want to save less will shift the loanable funds (demanded supplied) line to the (left - right). The resulting new equilibrium in the market for loanable funds would be a (lower - higher) interest rate and a (lower - higher) quantity of funds saved and invested b. A change that makes people want to save more will shift the loanable funds (demanded- supplied) line to (left - right). The resulting new equilibrium in the market for loanable funds would be a (lower - higher) interest rate and a (lower - higher) quantity of funds saved and nveste c. A change that makes firms want to invest more will shift the loanable funds (demanded- supplied) line to the (left - right). The resulting new equilibrium in the market for loanable funds would be a (lower - higher) interest rate and a (lower - higher) quantity of funds saved and invested d. A change that makes firms want to invest less will shift the loanable (demanded - supplied) line to the (left - right). The resulting new equilibrium in the market for loanable funds would be a (lower - higher) interest rate and a (lower - higher) quantity of funds saved and invested
Answers
a) supplied,left,higher,lower
b) supplied,right,lower,higher
c) demanded,right,higher,higher
d) demanded,left,lower,lower
A more detailed explanation of the answer.
a. A change that makes people want to save less will shift the loanable funds (supplied) line to the (left). The resulting new equilibrium in the market for loanable funds will be a (higher) interest rate with a (lower) quantity of funds saved and invested.
b. A change that makes people want to save more will shift the loanable funds (supplied) line to (right). The resulting new equilibrium in the market for loanable funds will be a (lower) interest rate and a (higher) quantity of funds saved and invested.
c. A change that makes firms want to invest more will shift loanable funds from (demanded) line to the (right). The resulting new equilibrium in the market for loanable funds will be a (higher) interest rate and a (higher) quantity of funds saved and invested.
d. A change that makes firms want to invest less will shift the loanable funds (demanded) line to the (left). The resulting new equilibrium in the market for loanable funds will be a (lower) interest rate and a (lower) quantity of funds saved and invested.
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"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
the star general partnership had assets worth $34,000 after liquidation. frank, gene, and hank, equal partners, each contributed $3,000 into the capital pool at the inception of the business. gene later loaned the business $5,000. they owe $23,000 to creditors. what will gene get in distribution, assuming there is no agreement on the distribution of profits?
Answers
Gene will get $3,000 in distribution in this situation.
To calculate the distribution for each partner, we must first determine the assets left after liquidation and subtract the amount owed to creditors. In this case, the assets worth $34,000 after liquidation minus the amount owed to creditors of $23,000 leaves $11,000 remaining.
Frank, Gene, and Hank each initially contributed $3,000 into the capital pool at the inception of the business. In addition, Gene later loaned the business $5,000. Therefore, Gene's total capital contribution was $8,000. This total is equal to 73.3% of the $11,000 remaining after liquidation and debt repayment, which means that Gene is entitled to receive 73.3% of the remaining assets.
In this case, Gene is entitled to receive $3,000 in distribution, which is 73.3% of the remaining assets. This amount is calculated by multiplying the total remaining assets of $11,000 by 73.3% (8,000 / 11,000). Frank and Hank would each receive the remaining $4,000, since they each contributed the same amount of capital to the business.
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Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done
Answers
Answer:
1. obtaining signed receipts for mail
2. sorting mail
3. delivering mail
Explanation:
Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.
The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.
Answer:
AEF
Explanation:
In __, each project is operated like a mini-company. Group of answer choices an autonomous project organizational structure a project management office a functional organizational structure a matrix organizational structure
Answers
In an autonomous project organizational structure, each project is operated like a mini-company.
In this structure, project teams have complete control over their resources and decision-making processes. They function independently from the rest of the organization, allowing them to be more agile and responsive to project-specific needs.
This autonomy fosters creativity, innovation, and faster decision-making, as teams do not need to rely on multiple layers of management for approvals. However, this structure might also lead to issues with coordination and communication among different projects, as each team operates in isolation.
Moreover, it may not be the most efficient structure for organizations with limited resources or those requiring extensive collaboration between projects.
Overall, the autonomous project organizational structure is most suited for organizations that value flexibility and innovation and are willing to tolerate some degree of inefficiency in terms of resource allocation and cross-project communication.
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Joanne is a data entry clerk, age 26, and single.
• Joanne has investment income and a consolidated broker’s statement.
• Joanne is self employed delivering food for Delicious Deliveries on the weekends. She received a Form 1099-NEC and a Form 1099-K. She received additional cash payments of $455. • Joanne uses the cash method of accounting. She uses business code 492000.
• Joanne provided a statement from the food delivery service indicating the fees paid for the year. These fees are considered ordinary and necessary for the food delivery business: o $150 for insulated box rental o $50 for vehicle safety inspection (required by Delicious Deliveries) o $600 for Delicious Deliveries fees
• Joanne also kept receipts for the following out-of-pocket expenses: o $100 for tolls o $120 for car washes o $150 for tickets for illegal parking o $150 for snacks and lunches Joanne consumed while working
• Joanne’s record keeping application shows she has driven a total of 2,500 miles during and between deliveries. 1,200 miles were driven from 1/01/2022 - 6/30/2022, and 1,300 miles were driven from 7/01/2022 - 12/31/2022. She also drove 1,500 miles between her home and the first and last delivery of each day. o She placed her only vehicle, an SUV, in service on 3/15/2020. The total mileage on her SUV for tax year 2022 was 11,000 miles. Of that, 7,000 were personal miles. Joanne will take the standard business mileage rate.
• Joanne took an early distribution from her IRA in April. She used part of the IRA distribution to pay off her educational expenses.
• Joanne is paying off her student loan from 2017. • Joanne is working towards her Masters of Education degree to start a new career as an Associate Professor. She took a few college courses this year at an accredited college.
• If Joanne has a refund, she would like it deposited into her checking account.
26. How many miles can Joanne use to calculate her standard mileage deduction? a. 1,500 b. 2,500 c. 4,000 d. 11,000
27. What is the amount of Joanne's lifetime learning credit? $_______________
28. Joanne will have to pay $________ additional tax because she received the early distribution from her IRA.
Answers
Joanne can use 3,700 miles (1,200 + 1,300 + 1,500) to calculate her standard mileage deduction.
The amount of Joanne's lifetime learning credit cannot be determined from the information provided.
How much additional tax will she have to pay?The additional tax Joanne will have to pay because of the early distribution from her IRA will depend on several factors, including the amount of the distribution, any applicable penalties or exceptions, and Joanne's marginal tax rate.
As the information is sparse, it is not possible to determine the exact amount of additional tax Joanne will have to pay. However, she may be subject to a 10% early withdrawal penalty on the portion of the distribution that was not used to pay for qualified educational expenses.
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Which of the following is most likely reason that a regulated product may go
to market?
Answers
Answer:
B) it has passed testing and certification standards
Explanation: hope this helps!
Answer:
B IS CORRECT :))))
Explanation:
Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $250,500, its fair value. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. ) Related Information: Lease term 2 years (8 quarterly periods) Quarterly lease payments $15,500 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Economic life of asset 5 years Interest rate charged by the lessor 12% Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter
Answers
The Lease balance at the beginning based on the information provided after calculation is 112069.
Lease balance at the beginning = $15,500 * (1-(1+3%)^(-8))/3% +3%
=112069.
Payment lease pay eff interest decrease bal lease balance
1/1/21 $112069
1/1/21 $15500 $96569
3/31/21 $15500 $2897 $12603 $83966
6/30/21 $15500 $2519 $12981 $70985
9/30/21 $15500 $2130 $13370 $57615
12/31/21 $15500 $1729 $13771 $43844
3/31/21 $15500 $1315 $14185 $29659
6/30/22 $15500 $890 $14610 $15049
9/30/22 $15500 $451 $15049 $0
lease payment = $15500
effective interest = 3% * previous lease balance
decrease in balance = lease payment - effective interest
lease balance = previous lease balance - decrease in bal
Journal entry
January 1, 2021, lease equipment from Courtney Leasing is as follows:
Dr Right of use asset 112,069
Cr Lease liability 112,069
January 1, 2021, first lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 15,500
Cr Right of use asset 15,500
March 31, 2021, second lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 12,603
Cr Right of use asset 12,603
June 30, 2021, third lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 12,981
Cr Right of use asset 12,981
September 30, 2021, fourth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 13,370
Cr Right of use asset 13,370
December 31, 2021, fifth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 13,771
Cr Right of use asset 13,771
March 31, 2022, sixth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 14,185
Cr Right of use asset 14,185
June 30, 2022, seventh lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 14,610
Cr Right of use asset 14,610
September 30, 2022, eighth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 15,049
Cr Right of use asset 15,049
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the goal of information management is to identify information requirements for various levels
Answers
Answer:
Yes, that is the reason
Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Printing Technology
Telecommunications
Performing Arts
Journalism
Answers
Answer:
Journalism
Explanation:
Answer:
journalism
Explanation:
3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
how much more money can a college graduate expect to make compared to a higher school graduate? multiple choice $10,000 $20,000 $30,000
Answers
A college graduate may earn $20,000 more as compared to a high school graduate.
Difference between salaries of high school and college graduates.Workers with college degrees receive a significant wage premium. Annual median wages for people with a bachelor's degree are $36,000, which is 84 percent more than what people with only a high school diploma make. 3 The wage disparity between people with more education and those with less education is getting wider. In 2021, bachelor's degree holders aged 22–27 had a median income of $52,000 per year. The median annual income for high school graduates in that age group is $30,000. Recent college graduates fared better than their peers with a high school diploma in terms of surviving the Great Recession. When unemployment peaked in 2010, the unemployment rate for recent college graduates was 6.9 percent, compared to 15.8 percent for all young employeesTo learn more about the salaries of graduates refer to:
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When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
A) easy-money business.
B) hit-and-run business.
C) failure.
D) missing opportunity.
Answers
Answer:
The answer is B. Hit-and-run business.
Explanation:
You have just started working for G 548 Corp as a 30 year-old rookie analyst. You love your job so much that you have immediately started planning for retirement. You plan to retire at the age of 65, and plan to withdraw $100,000 every six months from your retirement account to keep you living in the style to which you have become accustomedJ. You plan to make these withdrawals until you are 85. (You make the first withdrawal six months after you retire, so it is a regular annuity, not an annuity due.) If your retirement account pays 10 % APR compounded monthly, calculate:
1. How much money will you need in your retirement account at the time of your retirement so that you can make the necessary withdrawals throughout your retirement?
2. G Corp has a retirement policy that includes an equal match for employee contributions. The company will start making matching donations at the end of your first quarter along with your initial deposit into your retirement account. If you and your company make equal deposits into your retirement account starting at the end of this quarter, how much should each of your deposits be in order to be able to retire with the sum in Part A in 35 years?
Answers
1. You will need approximately $1,520,381.17 in your retirement account at the time of your retirement.
2. Both you and your company should make equal quarterly deposits of approximately $1,598.68 to retire with the desired sum.
1. To calculate the amount needed in your retirement account at the time of retirement, we can use the formula for the future value of an ordinary annuity. With withdrawals of $100,000 every six months for 20 years and an APR of 10% compounded monthly, the total amount needed is approximately $1,520,381.17.
2. Considering the retirement policy of G Corp with equal matching contributions, both you and the company will make regular quarterly deposits. With a retirement period of 35 years and the desired sum of $1,520,381.17, we can calculate the equal quarterly deposit using the formula for the present value of an ordinary annuity. Each deposit should be approximately $1,598.68 to ensure that the retirement account accumulates the necessary amount for retirement.
It's important to note that these calculations are based on the given interest rate and assumptions about withdrawals and matching contributions. Individual circumstances may vary, and consulting a financial advisor is recommended for a comprehensive retirement plan.
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