Athlete Kalen wishes to retire at age forty-five and receive annual birthday payments of $40,000 beginning on his forty-fifth birthday. After his death, the payments on the anniversary of his birth should go to his heirs. In order for Kalen to be able to carry out his plan, he makes contributions to a savings account with a guaranteed annual effective interest rate of 4%. How much money will Kalen need to have accumulated at age forty-five, just prior to his first $40,000 birthday payment

Answers

Answer 1

Answer:

1,040,000

Explanation:

We can calculate the money will Kalen need to have accumulated at age forty-five by dividing the annual birthday payments by the effective interest.

DATA

Annual birthday payments = A = $40,000

Effective interest = i = 4%

Calculation

Value at age 45 = A / i + Co

Value at age 45 = (40000 / .04) + 40000

Value at age 45 = 1,040,000

Kalen will need to have accumulated money of 1,040,000 at age forty-five, just prior to his first $40,000 birthday payment.


Related Questions

The primary goal of a financial manager of a corporation is:______.
a. maximize market share.
b. maximize the owner's wealth.
c. increase sales and profit.
d. have healthy cash flow.

Answers

Answer:

B

Explanation:

opportunities and threat in safaricom​

Answers

Answer:

what do you mean

Explanation:

What expectation for ethical behavior and procedures that should be followed?

Answers

Ethical behavior and procedures are essential in maintaining integrity and trust in any organization. The expectations for ethical behavior and procedures may vary depending on the specific industry, organization, and jurisdiction.

However, there are some common principles and guidelines that can be followed. Here are a few key expectations:

Compliance with Laws and Regulations: Employees and stakeholders should comply with all applicable laws, regulations, and industry standards. This includes legal and regulatory requirements related to financial reporting, taxation, data protection, workplace safety, and environmental protection.

Honesty and Integrity: Individuals should act with honesty, integrity, and transparency in all their professional interactions. This involves avoiding conflicts of interest, providing accurate and truthful information, and not engaging in fraudulent or deceptive practices.

Confidentiality and Data Protection: Employees should respect the confidentiality of sensitive information, including customer data, trade secrets, and proprietary information. They should follow appropriate procedures to protect data privacy and ensure compliance with data protection laws.

Fair Treatment and Respect: All individuals should be treated fairly and with respect, regardless of their background, race, gender, religion, or other characteristics. Discrimination, harassment, or any form of unfair treatment should not be tolerated.

Ethical Decision-Making: Individuals should make decisions based on ethical considerations, considering the impact on stakeholders and society as a whole. This involves avoiding conflicts of interest, exercising professional judgment, and seeking guidance when faced with ethical dilemmas.

Accountability and Responsibility: Employees should take responsibility for their actions, acknowledge mistakes, and be accountable for the consequences of their decisions. This includes reporting unethical behavior, complying with internal control procedures, and cooperating with internal and external audits.

Social and Environmental Responsibility: Organizations and individuals should consider the broader impact of their actions on society and the environment. This may involve promoting sustainability, minimizing waste and pollution, and supporting social initiatives.

These expectations for ethical behavior and procedures should be communicated clearly to all employees through codes of conduct, ethics training programs, and regular communication from management. It is important to foster a culture of ethics and integrity, where individuals are empowered to raise concerns, report violations, and seek guidance without fear of retaliation.

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Rebel Sound Inc. produced 30,000 audio devices last month. Rebel started the month with $10,000 worth of inventory in Finished Goods. The company incurred $15,000 of various utility and rent charges on their factory, paid $50,000 for raw materials to use in production, and paid employees $60,000 in wages.

During the month, inventory costing $120,000 was completed and transferred to the Finished Goods Inventory. At the end of the month, Rebel had $5,000 of Inventory in Finished Goods, $6,000 in Materials Inventory, and $24,000 still in Work in Process.

Required:

1. What was Rebel Sound Inc Cost of Goods Manufactured for the month?

Answers

Answer:

Cost of goods manufactured is $ 101,000 for the month

Explanation:

Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.

Cost of Goods Manufactured:

$

Work in process inventory, beginning $ -

Direct materials:

Direct Material Used $ 60,000

Direct labor $ 15,000

Factory overhead Applied $ 50,000

Total manufacturing costs $125,000

Total work in process during period $125,000

Work in process inventory, ending $ -24,000

Cost of goods manufactured $ 101,000

Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank you so much!

prepare a final paper that describes an organization (one that you envision, but feel free to incorporate aspects from an existing organization if you choose) that possesses an “ideal HR department” that ultimately leads to “creating a great place to work”.

This Paper should make reference to an “ideal HR department” that ultimately leads to “creating a great place to work” incorporating the following topics taken from our coursework:



- Creating a Great Place to Work 

- The New Human Resource Management Process 

- Strategy-Driven Human Resource Management & The Legal Environment and Diversity Management 

- Workplace Planning - Job Analysis, Design, and Employment Forecasting 

- Recruiting Job Candidates & Selecting New Employees 

- Learning & Development and Performance Management and Appraisal

- Rights & Employee Management and Employee & Labor Relations 

- Compensation Management 

- Incentive Pay & Employee Benefits 

- Workplace Safety, Health, & Security 

- Organizational Ethics, Sustainability, and Social Responsibility 

This Paper should be six (6) pages in length (minimum), including the cover page and references page, and must include four (4) citations (minimum). In-text citations should also be used as appropriate.

Be sure to include:

Title Page
An executive summary that can include bullet formatting
A well-developed thesis statement and supporting statements tied together to form an effective paper
Presentation of research findings to support your work on this topic
A strong, short conclusion summarizing your paper
Reference Page
In your research for this assignment, you will need to find at least four (4) sources.  Proper in-text citation of your sources is required any time you use information from them.  This includes any time you use someone else's ideas or paraphrase their words, as well as when you directly quote them.  APA style format is required for your in-text citations and reference list.

Answers

Answer:

use prezi

Explanation:

Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.

Answers

Answer:

this is my own answer

Explanation:

hi

How to Prepare a Comparative Income Statement?

Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.

Step 2: Calculate the absolute change in the items mentioned in the income statement.

Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. They have been paying another company to manufacture the boxes for them but are interested in manufacturing the boxes themselves. They’ve developed the following cost estimates:
Sales (100,000 units) $ 1,000,000
Costs: Fixed Variable
Raw Materials $ 0 $ 300,000
Direct Labor 0 200,000
Factory Costs 100,000 150,000
Selling and Administrative
Costs 110,000 50,000
Total Costs $ 210,000 $ 700,000
Operating Income $ 90,000
1. How many units will Gay and Joy need to sell to breakeven?

Answers

If Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.

First step is to determine the selling price

Selling price = $1,000,000 / 100,000 units

Selling price = $10

Second step is to determine the Variable cost per unit  

Variable cost per unit =$700,000 / 100,000 units

Variable cost per unit = $7

Third step is to calculate the Contribution margin per unit using this formula

Contribution margin per unit = Selling price - Variable cost

Let plug in the formula

Contribution margin per unit = $10 - $7

Contribution margin per unit = $3

Fourth step how many units will Gay and Joy need to sell to breakeven

Using this formula

Break even= Fixed cost / Contribution per unit

Break even = $ 210,000 / $3

Break even  =70,000 units

Inconclusion if Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.

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3. Identify a transition moment you could use to implement a new savings plan.

Answers

When we get an increment in salary or wages, that is the moment you could use to implement a new savings plan.

What Is a Personal Savings Plan?

A personal savings plan is a strategy for setting aside money that usually has specific financial objectives in mind. A thorough savings strategy is individualized to your income, time horizon, and capacity to save and may contain both short- and long-term financial objectives.

A strong savings strategy enables you to prioritize your most important financial objectives and accomplish them in the time period of your choice. Every savings strategy is unique based on your goals, the amount of time you have to save, and your ability to commit to saving.

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Unbanked Partner #1
1. I've had terrible customer service at the banks I've been into, so I don't like them and I
don't trust them. I'm certainly not leaving my money with them,

Answers

Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.

A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.

There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.

The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.

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You're a web developer for an online furniture retailer, and you've been having a debate with your boss, the marketing director. She's rejecting your proposal to invite customers' product ratings and reviews on the website because she's concerned that negative comments might discourage sales. You argue that customer feedback would enhance the ________ aspect of your customers' shopping experience.

Answers

Answer:

it will enhance the business aspect

If you want to be a resource scientist, which of the following is required in order to begin in that field?

A: Bachelor's degree
B: Associates degree
C: Doctorate degree

Answers

B. Associates degree

I hope this helps you
:)

When an individual pays the full cost of disability income insurance, a disabled employee’s benefit will be:

A
Taxable in part, up to 60% of the employee’s pretax wage

B
Nontaxable up to 60% of the employee’s pretax wage

C
Taxable in full, regardless of the employee’s wage

D
Nontaxable in full, regardless of the employee’s wage

Answers

When an individual pays the full cost of disability income insurance, a disabled employee’s benefit will be Non-taxable in full, regardless of the employee’s wage. Thus the correct answer is D.

What is disability income insurance?

Disability income insurance is an additional coverage created to safeguard policyholders in the event that they are unable to work as a result of an accident or illness.

When a policyholder is unable to work, disability income payments provide a monthly income to help with living expenses. When an employee pays the complete cost of disability insurance, then disabled benefits will be nontaxable in full despite of wages of employees.

Therefore, option D will be appropriate.

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what are the major elements of market management? list them in 5 points.​

Answers

Answer:

brain busters

Explanation:

its the answer coz i said it was

Marketing and common sense

Answers

1. Elevator pitch. You should be marketing all the time — wherever you are. Therefore, you need a compelling elevator pitch. Research shows the average attention span of an adult is about 6 to 8 seconds. That’s all the time you have to grab someone’s attention. If you successfully engage them, then you only have a little over a minute to really sell them on your product or service. So you need to invest the time to craft a killer elevator pitch. The return on your investment will pay huge dividends in terms of creating business opportunities.

2. Leverage Community. You don’t have to think big when it comes to your marketing efforts. Think locally. What’s going on in your community? Sponsor a Little League team or a 5k charity walk/run. Print bookmarks and leave them at the local library. If you understand who your ideal customer is, think about how and where they spend their time. Then search for opportunities to be there with your marketing message.

3. Collaborative Marketing. Put together a group of synergistic, non-competitive businesses in your area and agree to cross-promote. You can use coupons, fliers, reciprocal website links or even offer bundled promotions. By collaborating with each other you can expand your customer base because you’ll be reaching new people.

4. Networking. I’m a huge fan of networking. I don’t think there is any better way to build a business than to get out there, shake some hands, and get known. Networking requires a time commitment and it doesn’t provide instant gratification, but a strong network is one of the greatest assets any business person can have.

5. Give a Speech. A lot of people hate public speaking. However, there are lots of groups you are looking for qualified, subject-matter experts who can present to their groups. So take a deep breath and volunteer. You don’t have to be a pro as long as the information you share is helpful to the audience. And the upside — the more you do it the easier it gets. Plus it positions you as a credible authority in your field

The lower-of-cost-or-market method cannot be applied to
O a. each item sold.
b. each major class or category of inventory.
Oc. inventory as a whole.
O d. each item in the inventory.

Answers

Option c is the most appropriate and accurate statement regarding the application of the lower-of-cost-or-market method. Option C

The LCM method is typically applied to inventory as a whole, rather than to each individual item or major class/category of inventory. It focuses on the aggregate value of inventory, considering the overall market conditions and the net realizable value of the entire inventory.

Applying the LCM method to each item sold (option a) would require evaluating and adjusting the value of each individual item at the time of sale, which is impractical and not consistent with the purpose of the LCM method.

Applying the LCM method to each major class or category of inventory (option b) would be a more feasible approach but may not provide a comprehensive evaluation of the inventory as a whole.

Option c correctly states that the LCM method is applied to inventory as a whole, considering the aggregate value of all items. By assessing the overall market value and comparing it with the cost, adjustments are made to ensure the inventory is reported at the lower of the two amounts.

Applying the LCM method to each item in the inventory (option d) would be cumbersome and unnecessary since the goal is to determine the overall value of inventory, not the value of individual items.

Option C

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Which of the following accounts would Carlo credit when a customer who bought three dozen pastries and muffins from his bakery paid $55 in cash?

Answers

Based on the nature of the transaction described above, the account that would be credited is Revenue

Revenue is the amount that is received when a person or company sells a good or service.

By selling the pastries, Carlo jus earned some revenue. This revenue should therefore be posted to the revenue account. When revenue increases - as it just did - it is credited.

In conclusion, Carlo should credit the Revenue account.

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Arizona Crystal is a distributor of feldspar, amethyst and other mystically powerful types of crystals. The owner of Arizona Crystal, Geri Moonbeam, is proud to be a part of the movement that is contributing to the higher spirituality of the world. Geri buys crystals from local collectors and then ships them out to wholesalers throughout the country. Geri pays cash for the crystals, but she extends credit to the wholesalers. As the business has grown, problems have arisen. When Geri buys more crystals than she can sell, inventory increases and cash flow problems arise. When Geri doesn’t buy enough crystals, then she can’t fill orders and that creates problems with her customers. She needs to base her buying decisions on accurate forecasts of the demand for crystals so she can avoid these problems. After consulting her tarot cards, Geri visits a friend from El Paso, Texas, who channels for a Wall Street tycoon who didn’t survive the crash of 1929. He recommends that, since she only has twelve months of data, she should try using a moving average or exponential smoothing forecasting model. So Geri contacts you. She provides you with data on the number of crystals (in thousands) ordered during each of the past twelve months and asks you to help her develop a forecasting model. 8. Use a five period moving average model to forecast the demand in January of 1993. Also calculate the RMSE for this model. Use the table below to carry out your calculations. How does this model compare with the three period model? Month Demand (A) Demand (F) (A-F)2 Jan-92 25.6 Feb-92 24.7 Mar-92 21.3 Apr-92 13.9 May-92 12.6 Jun-92 18.0 Jul-92 21.5 Aug-92 22.3 Sep-92 30.7 Oct-92 15.0 Nov-92 13.8 Dec-92 22.6

Answers

Answer:

Explanation:

Month       Demand (A)        Demand (F)         (A-F)²

Jan-92         25.6                      -                        0

Feb-92        24.7                      -                        0

Mar-92        21.3                       -                        0

Apr-92        13.9                       -                          0

May-92       12.6                19.62          49.28

Jun-92        18.0                18.1             0.01

Jul-92         21.5                17.46          16.32

Aug-92       22.3               17.66           21.53

Sep-92       30.7                21.02          93.7

Oct-92        15.0                21.5            42.25

Nov-92       13.8                20.66         47.06

Dec-92       22.6               20.88         29.58

The demand for january of 1993 is 20.88

RMSE² = 49.28+0.01+16.32+21.53+93.7+42.25+47.06+29.58

=299.73

\(=\frac{299.73}{12} \\\\= 24.98\)

RMSE = √24.98

=4.99

The model has higher values of demand and RMSE than that of three month moving average model

How did you find the total cost included within the job sheet for number 2?

Answers

To find the total cost on a worksheet, you'll need to add up the fixed costs and variable costs for the entire production.

What is the total cost?It is the cost of the entire production.These are all expenses of an institution.

To calculate the total cost you will need to identify all fixed costs and all variable costs in the table and add them together.

Fixed costs are costs with elements that are always present in production such as employee salaries, and energy expenditure, among others.

Variable costs are costs that are not present in production all the time, such as service providers, machine repairs, among others.

You have not shown the table you refer to. This makes it impossible for me to answer your question exactly, but I hope this helps.

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What is anyone's opinion on tutoring people for businesses?​

Answers

Starting a tutoring side hustle is a great way for teachers or students to earn extra money every month, whether it's to pay off any high-interest debt or build up your travel fund. It's not hard to get started, and you can offer tutoring on the weekend or after school.

2. How would each of the following affect the demand for money ? a a tax on bonds held by individuals b . a forecast by the Central bank that interest rates will rise sharply in the next quarter

Answers

The more the demand for money the higher the taxes which then affects individuals because they will be overpaying for tax and interest

supplied goods costing
RS. 600 to mohan and
issued invoice at 10%
above cost and allowed
5% discount.​

Answers

Answer:

Dr Mohan account 627

Cr Sales 627

Explanation:

Preparation of Journal entry

If the amount of RS. 600 is the goods costing that was supplied to mohan in which the issued invoice is 10% above cost with a 5% discounts the First step will be to calculate the Invoice price.

Calculation of the invoice price

Invoice price=[600+10%*600)+[5%*(600+10%*600)]

Invoice price=(600+60)-[5%*(600+60)]

Invoice price=660-(5%*660)

Invoice price=660-33

Invoice price=627

Now let prepare the Journal entry

Dr Mohan account 627

Cr Sales 627

(Being to record good sold to Mohan)

One key goal of marketing is to

Answers

Answer:

Increase Sales and/or Revenue

If you are selling products or services, you may want to focus on selling more of those offerings. This is one of the marketing objectives that will increase revenue and the amount of money coming into your business.

Explanation:

Plz Mark me as brainliest

Answer:promote new products or services

Grow digital presence

Lead generation

Develop brand loyalty

Retain existing customers

Target new customers

Explanation:

Pros and cons of working in the food service industry???

Answers

Answer: Yes and No

Explanation: Pros: You can own your own. Get to be the boss. Get a lot of money. Get to have fun.

Cons: You can have the lowest paycheck. Worst job for it.

what is the effective interest rate of a simple discount note of 8000 at an ordinary bank discount rate of 11%, for 120 days?

Answers

Answer:

11.41%

Explanation:

Discount rate = 11%, M = 120 days = 3 month

Effective rate = [(1 + 11% / 3)^3] - 1

Effective rate = [(1 + 0.11/3)^3] - 1

Effective rate = [(1 +   0.0366667)^3] - 1

Effective rate = [(1.0366667)^3] - 1

Effective rate = 1.1140827371 - 1

Effective rate = 0.1140827371

Effective rate = 11.40827371%

Effective rate = 11.41%

How do i get as much mony as bill gates todey?

Answers

Answer:

be very famous

Explanation:

be white
why do i need to have 20 letters

the unemployment rate includes marginally attached workers and underemployed workers. t or f

Answers

The unemployment rate includes marginally attached workers and underemployed workers False.

What is the unemployment rate made up of?

The unemployment rate for any location is calculated by dividing the number of locals who are unemployed and actively looking for work by the total local workforce.

How is the unemployment rate calculated?

A individual must be 16 years old and have been available for full-time employment for the previous four weeks in order to be declared jobless. During this time, the person ought to be actively hunting for work.

Who is included in the U-3 unemployment rate?

All unemployed people who are available to accept a job and have actively looked for employment in the past four weeks are included in the official definition of unemployment (as measured in the CPS by U-3 in the U-1 to U-6 range of choices).

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bank run definition.​

Answers

Answer:

A bank run occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future.

Explanation:

Hope this helps!

Sam burned his hand on the stove. The burn was so bad that it permanently scarred his hand and made it hard to grip things. A doctor told him that he could fix the hand through a simple “skin-grafting” procedure. Sam and the doctor entered into a contract to have the surgery for $1,200. After the surgery, Sam’s hand worked perfectly, but he grew hair out of the palm of his hand. Even though he tried waxing his hand and using Nair, he was not able to stop the hair from growing. Did the doctor breach the contract by giving Sam a hairy hand? If so, why, and what should the court do about it?

Answers

The doctor did not read my contract for giving Sam a hairy hand because he did fix his hand and that was what was in the contract there were risks for skin graphing and to get that procedure done he would have to put the risks in a contract

Save our homes amendment, annual homestead assessment increases are limited to what maximum percentage

Answers

Save our homes' amendment, annual homestead assessment increases are limited to 3% is the maximum percentage.

What is annual homestead assessment?

A Florida constitutional amendment known as "Save our Houses" became operative in 1995. It caps the annual growth in the assessed valuation of homestead properties to 3%, or whatever amount is less than the change in the National Consumer Price Index.

Voters changed the Florida Constitution in 1992, creating Amendment 10, which limits the Assessed Value of properties with Homestead Exemption to 3% or the Consumer Price Index, whichever is less.

Thus,  3% is the maximum percentage.

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how the fourth industrial revolution affects education​

Answers

The fourth industrial revolution, also known as Industry 4.0, is bringing about a massive transformation in the way we live, work and learn.

What is industrial revolution?

The Industrial Revolution was a period of time in the 18th and 19th centuries when major changes in agriculture, manufacturing, and transportation had a profound effect on the socioeconomic and cultural conditions in Britain.

It is characterized by the increased use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and 3D printing. These changes are having a profound effect on education, from the way students learn to the way teachers teach.
One of the major impacts of the fourth industrial revolution on education is the shift from traditional instructional methods to more personalized, adaptive learning. With the use of AI and machine learning, students can now receive tailored instruction and content that is tailored to their individual learning styles and needs. This not only helps to increase student engagement and achievement, but also helps teachers to better meet the needs of their students.
Another way the fourth industrial revolution is affecting education is through the increased use of technology in the classroom. Technologies such as virtual reality and augmented reality are being used to create immersive learning experiences, while collaborative platforms are being used to facilitate group discussions and activities. This increased use of technology is allowing students to gain more hands-on experience and to better understand complex concepts.
Finally, the fourth industrial revolution is also having an impact on how students are assessed. With the use of AI and machine learning, teachers are able to gain insights into student performance and assess them in real time. This not only allows for more accurate assessment and feedback, but also helps to ensure that students are learning the material effectively.

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