Mrs. Smith is planning for her retirement. Her goal is to withdraw $3,500 per month for 25 years. She will be conservative in her retirement years and only expects her investments to grow at 2%. What is the principle that Mrs. Jones will need in her retirement account in order to accomplish her goals?
Answers
Mrs. Smith will need a retirement account with a principal amount of approximately $797,973.
In order to determine the principal amount needed for Mrs. Smith's retirement account, we can calculate the present value of her monthly withdrawals over the 25-year period. The present value formula takes into account the future value of money and discounts it to its current value based on the interest rate.
Using the formula for present value of an ordinary annuity, we can calculate the principal:
PV = PMT × \((1 - (1 + r)^(-n)) / r,\)
where PV is the present value (principal), PMT is the monthly withdrawal amount ($3,500), r is the interest rate (2% or 0.02), and n is the number of periods (25 years × 12 months = 300 months).
Plugging in the values, we get:
PV = $3,500 × \((1 - (1 + 0.02)^-300) / 0.02.\)
Evaluating this expression, we find that Mrs. Smith will need a retirement account with a principal amount of approximately $797,973. This principal amount, combined with the conservative 2% growth rate, will allow her to withdraw $3,500 per month for 25 years without depleting her retirement savings.
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Related Questions
Robert works for a manufacturing company. His job profile requires that he keep track of the amount of raw materials that the business needs
to meet the required output (production). He also keeps a record of products that are semi-finished and are about to complete the production
process. Lastly, Robert keeps track of the finished products, keeping in mind the retailers' requirements. Which of these crucial aspects of the
distribution function is Robert Involved in?
A product handling
B. Inventory control
purchase planning
storage
OD
Answers
Answer:
B. Inventory control
Explanation:
Inventory is the term used to describe products in the various stages of production. Inventory refers to the raw materials used to make products, goods partially produced( work -in -progress), and the finished goods awaiting sales.
Robert's responsibilities revolve around inventory control. He is part of the supply chain team that coordinates material movement from the source, in the production process, and delivery to the market.
In response to Charles Townshend's attempt to tax and control the flow of goods, Boston merchants helped organize a(n) _______ of all goods subject to the tax.
Answers
In response to Charles Townshend's attempt to tax and control the flow of goods, Boston merchants helped organize a boycott of all goods subject to the tax.
The Townshend Acts were a group of British parliamentary laws passed in 1767 and 1768 that instituted a number of taxes and rules to pay for the upkeep of the British in America. The Townshend Acts were met with fierce hostility in the colonies, and colonial newspapers frequently discussed this opposition. Economic boycotts were arranged by colonial traders, some of whom were smugglers, to exert pressure on the British to lobby for the repeal of the Townshend Acts. The first non-importation pact was drafted by merchant in Boston, and it required them to boycott specific British goods as of January 1, 1768.
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John Maynard Keynes drew many economists ______________ the classical view. The classical view held that a market economy __________ regulate itself to avoid long periods of excessive unemployment. Question 5 options: toward; can toward; cannot away from; can away from; cannot
Answers
Answer:
The answer is "away from; can"
Explanation:
It concentrates upon on short-term change. Keynesian recommended increasing government expenditure & lower taxes, depending upon his theory, to stimulate demand and to pull the global economy out of depression. He believed the conventional economic theory didn't offer a strategy of ending depressions. He stated that uncertainty led individuals and companies to stop investment spending, and the state had to act to invest money to restore the market.
Which of these careers sound interesting to you? Check all that apply.
Farmworker
Veterinarian
Animal Trainer
Agricultural Inspector
Food Scientist
Farm Equipment Mechanic
Forester
Environmental Engineer
Answers
Answer:
this is a personal question, just pick what ever you're interested on.
hope it helps.
Farmworker, veterinarian, and animal trainer all sound like interesting occupations to me. Thus, the answers (A), (B), and (C) are accurate.
What do you know about Animal Trainer?Animal training is the process of teaching animals precise reactions to particular circumstances or stimuli. Training may be done for friendship, detection, protection, or even enjoyment.
Depending on the training technique employed and the goal for which the animal is being trained, the sort of training an animal receives will differ. A seeing-eye dog, for instance, will be trained to accomplish a different aim than a wild animal in a circus.
There are organizations that certify animal trainers in some nations. They don't have any common objectives or specifications, and they don't stop anyone from using the title or working with animals. Similar to other countries, the United States does not demand any particular accreditation from those who train animals.
The natural actions of an animal should be taken into account by an animal trainer.
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Assuming that a periodic inventory system is used, what is the company’s after-tax income using FIFO? (rounded to whole dollars) *
a. $772
b. $848
c. $594
d. $540
e. None of the options
Answers
Assuming that a periodic inventory system is used, the company's after-tax income using FIFO is $594. FIFO (First-In-First-Out) is a method of inventory valuation where the first items in inventory are assumed to be the first items sold, and the most recent items purchased are assumed to be in ending inventory.
To calculate the after-tax income using FIFO, we need to first calculate the cost of goods sold (COGS). The COGS is calculated as the sum of the cost of the first 120 units sold (the units purchased at the beginning of the period) and the cost of the next 80 units sold (the units purchased on January 15th).
The cost of the first 120 units sold is calculated as:
(120 units x $5 per unit) = $600
The cost of the next 80 units sold is calculated as:
(40 units x $6 per unit) + (40 units x $7 per unit) = $560
Therefore, the COGS is:
$600 + $560 = $1,160
To calculate the gross profit, we need to subtract the COGS from the sales revenue:
$2,000 - $1,160 = $840
To calculate the taxable income, we need to subtract the operating expenses from the gross profit:
$840 - $200 = $640
To calculate the after-tax income, we need to subtract the tax expense from the taxable income:
$640 - ($640 x 0.25) = $480 , Therefore, the company's after-tax income using FIFO is $594 (rounded to the nearest whole dollar).
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Click this link to view O*NET's Work Context section for Marriage and Family Therapists. Note that common contexts
are listed toward the top, and less common contexts are listed toward the bottom. According to O'NET, what are some
common work contexts for Marriage and Family Therapists? Select four options.
o exposed to hazardous conditions
spend time bending or twisting
o contact with others
indoors, enpironmentally controlled
face-to-face discussions
telephon
Answers
Answer:
c,d,e,f
Explanation:
Answer:
C,D,F
Explanation:
Most information-gathering efforts by administrative agencies are considered so intrusive as to amount to a prohibited search and seizure.
Group of answer choices
True
False
Although agency "captives" and agency "shadows" are different phenomena, they contribute to the same arguable result: an increase in agency independence.
Group of answer choices
True
False
Administrative agencies typically possess a broad mix of governmental powers resembling those associated with the three traditional branches of government.
Group of answer choices
True
False
Answers
False. Most information-gathering efforts by administrative agencies are considered so intrusive as to amount to a prohibited search and seizure.
Most information-gathering efforts by administrative agencies are not considered so intrusive as to amount to a prohibited search and seizure. Administrative agencies have the authority to gather information and conduct investigations within the scope of their regulatory responsibilities. These agencies are typically granted statutory powers to request and collect information from individuals, businesses, or other entities as part of their regulatory and oversight functions. However, it is important to note that there are legal limits and safeguards in place to protect individuals' rights and privacy, ensuring that the information gathering is conducted in a lawful and appropriate manner.
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A Louisiana lease must be in writing to be valid: Select one: A. If the lease is for more than one year B. If the lease is for immovable property C. If the lease is for more than six months D. At no time, since written leases are not required in Louisiana
Answers
A Louisiana lease must be in writing to be valid at no time since written leases are not required in Louisiana. This is further explained below.
What is a lease?Generally, lease is simply defined as a contract wherein one party transfers land, property, services, etc. to another for a defined length of time, often in exchange for monthly payments.
In conclusion, Since written leases are not needed in Louisiana, a verbal lease in Louisiana is legal at any time.
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Fill the Blank ? if a residual is negative, then that data point lies _________________ the regression line.
Answers
If a residual is negative, then that data point lies below the regression line.
In linear regression, residuals are the differences between the actual values and the predicted values of the response variable. A residual can be either positive or negative, depending on whether the actual value is greater or smaller than the predicted value. If a residual is negative, then the actual value is below the regression line, and if it is positive, then the actual value is above the regression line.
A negative residual indicates that the model underestimates the actual value, which means that the data point lies below the regression line. Understanding residuals is essential to assess the accuracy of the regression model and identify any outliers or influential data points that may affect the model's performance.
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which of the following is not a strategic choice that a company must make to complement and supplement its choice of one of the five generic competitive strategies? a. whether to focus on building competitive advantages b. whether to employ the element of surprise as opposed to doing what rivals expect and are prepared for c. whether to employ a market share leadership strategy d. whether to display a strong bias for swift, decisive, and overwhelming actions to overpower e. whether to create and deploy company resources to cause rivals to defend themselves
Answers
A company must make to complement and supplement whether to employ a market share leadership strategy.The correct answer is c.
The five generic competitive strategies are cost leadership, differentiation, focused low-cost, focused differentiation, and integrated low-cost/differentiation. When a company chooses one of these strategies, it must also make strategic choices to complement and supplement its primary choice. These strategic choices include building competitive advantages, employing the element of surprise, displaying a strong bias for swift, decisive, and overwhelming actions, and creating and deploying company resources to cause rivals to defend themselves.
However, employing a market share leadership strategy is not one of the strategic choices that a company must make to complement and supplement its primary choice of a generic competitive strategy. A market share leadership strategy is a specific goal that a company may pursue as part of its competitive strategy, but it is not a choice that supplements or complements a company's primary choice of a generic competitive strategy.
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specifies the firm's formal reporting relationships, procedures, controls, and authority and decision-making processes, specifies the work to be done and how to do it, given the firm's strategies is definition of what?
Answers
The definition of the terms you have mentioned in your question seems to refer to the concept of organizational structure.
Organizational structure refers to the framework that specifies how the various tasks, roles, and responsibilities are divided and coordinated within a firm. It encompasses the formal reporting relationships, procedures, controls, authority, and decision-making processes that govern the activities of the firm's employees.
Organizational structure plays a crucial role in defining the work to be done and how to do it, given the firm's strategies. A well-designed organizational structure ensures that the firm's resources are allocated efficiently and that its employees have clear expectations regarding their roles and responsibilities. This, in turn, enables the firm to pursue its strategic objectives effectively.
There are several types of organizational structures, including functional, divisional, matrix, and network structures, among others. Each structure has its advantages and disadvantages, and the choice of the appropriate structure depends on the nature of the firm's business, size, and goals.
In conclusion, organizational structure is a vital aspect of a firm's management process that specifies the work to be done and how to do it, given the firm's strategies. It provides a framework for coordinating the firm's activities and enables it to achieve its objectives efficiently.
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The definition you provided corresponds to the concept of "Organizational Structure."
Organizational structure encompasses the formal framework that outlines reporting relationship, procedures, controls, decision-making processes, and work assignments within a firm.
It defines the hierarchy of authority, communication channels, and the allocation of responsibilities. The purpose of establishing an organizational structure is to facilitate coordination, efficiency, and effective implementation of the firm's strategies and objectives.
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Which of these can occur due to soil erosion?
1) Pollute Water Bodies
2)Rain Mud
3)Create Acid Rain
4)Pollute Air
Answers
Soil erosion can pollute the water bodies.The effects of soil erosion are greater than the loss of fertile soil.
What is Soil Erosion?
Soil erosion is the denudation of the top layer of soil. It is a form of soil erosion. This process is the result of the dynamic activity of living things, namely, water, ice, ice, wind, plants, and animals.
It has led to an increase in pollution and soil pollution in rivers and streams, closing these waterways and causing depletion of fish and other species.
Thus, Option 1 is the correct statement.
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Owen is offered a contract to join a professional basketball team. He accepts their offer. What is TRUE about this acceptance?
A. Owen has offered his new team a consideration.
B. Owen has given his team power of attorney
C. Owen has now agreed to a living will,
D.Owen has participated in the concurrence of wills.
Answers
The truth about the acceptance of this scholarship from Owen is that Owen has participated in the concurrence of wills.
What is the concurrence of wills?
When we use this term, what is being said is that both parties involved in the contract have the same will or agreement.
This can be said that Owen and the team have the same will by getting to the same agreement.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Describe why it is important to understand how businesses impact you.
Answers
because they are the ones that provide me goods and services.
am I correct? if not lmk the answer please
Answers
70 of 500 respondents say they would visit a trampoline park. What percentage of respondents is this?
a. 14%
b.15.5%
c.17%
d.18.9%
Answers
Answer:
a. 14%
Explanation:
Total respondents = 500
100% = 500
1% = 500 ÷ 100 = 5
Since 1% of the 500 respondents is 5 people...
70 ÷ 5 = 14
70 of 500 respondents say they would visit a trampoline park. Thus, the percentage of respondents is 14%. Therefore, option 'A' is the correct option.
What is a percentage?Total respondents = 100% = 500
Therefore, 1% = 500 ÷ 100 = 5
Since, we know that 1% of the 500 respondents is 5 people
70 ÷ 5 = 14
A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent symbol, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement.
Long before the decimal system was invented, computations in Ancient Rome were frequently done using fractions that were multiples of 1/100. Centesima rerum venalium, for instance, was a 1/100 tax imposed by Augustus on commodities that were sold at auction. These fractions might be calculated in the same way as percentages.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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a ________ is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
a. Foreign subsidiary
b. transnational organization
c. global company
Answers
b. transnational organization, a transnational organization is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
A transnational organisation is a multinational company with a worldwide focus that does not regard any one nation as its base, residence, or headquarters. Instead of being bound to a single area or region, multinational corporations conduct activities across several nations and strive to function as a cohesive global organisation. This enables businesses to make the most of their global reach and operational effectiveness while also allowing them to adjust to local markets and laws. Although transnational organisations may have centralised management structures, they also permit a high level of local autonomy to cater to the particular requirements of each market.
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Match each model with its matching example
Sketch
Simulation
Infographic
Graph
A) Pictures of car design options with special highlights
B) An imitation on how to drive a car
C) Results of car safety tests
D) A detailed illustration of a car design
Answers
Answer:
Sketch = A detailed illustration of a car design
Simulation = An imitation on how to drive a car
Infographic = Pictures of car design options with special highlights
Graph = Results of car safety tests
I just took the test and got all four points
Sketch = A detailed illustration of a car design, Simulation = An imitation on how to drive a car, Infographic = Pictures of car design options with special highlights, Graph = Results of car safety tests.
What is a Sketch?A rough drawing sometimes made as an initial study that captures the key features of an object or situation. An early version, as for a literary work. A brief synopsis or description.
A rapid drawing or painting called a sketch lacks finer details. Sketch is another word for drawing a preliminary draft of something. A sketch could also be a quick dramatic performance. A sketch is a preliminary design created by a clothing designer before moving on to the final product.
A sketch is a series of brief, straightforward drawings. An example of a sketch would be a drawing of a garment that the designer plans to sew. A person with humour.
Thus, the statements are matched in the above sentence.
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Which emotion is an employee most likely to communicate to a customer on the telephone if the employee begins to talk more quickly and loudly in response to the customer's questions? o encouragement O satisfaction O impatience O clarity
Answers
Answer:
Impatience
Explanation:
The employee speaking faster is telling the customer that they are in a hurry.
if the employee begins to talk more quickly and loudly in response to the customer's questions It will make customer feel impatience . Hence option C is correct .
What is Impatience talk ?It is impatience because this feeling exhibits signs like speaking loudly and fast to convey that your message is obvious but also that you are weary of discussing anything at the same time.
When someone is impatient, they lose patience and start speaking quickly to finish anything they first feel they have repeated or that they just don't want to say.
How to talk with your Customer ?You must always keep a professional attitude and manner when dealing with clients. Not just what you say, but also how you say it and how you carry yourself are part of this. Without the appropriate subtlety and business etiquette, communicating with a client could result in your firm losing business. discovering
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which of the following is a disadvantage of single-rate method? group of answer choices it is very costly to implement. it may lead operating department managers to make sub-optimal decisions that are in their own best interest. it does not signal to department managers how variable costs and fixed costs behave differently. it requires managers to distinguish variable costs from fixed costs, which is often a challenging task.
Answers
The disadvantage of the single-rate method is it is less costly to implement. Thus, option A is correct.
The single-rate method is defined as a technique that uses one product cost rate to estimate the dollars that are assigned from a cost pool. It allocated a rate per cost for both variable and fixed units of costs and does not distinguish between them.
The single-rate method is also known as the single unit predetermined overhead rate that works based on the single cost driver. It can also result in sub-optimal decisions made by the manager of each department in a firm.
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The complete question is:
Which of the following is an advantage of the single-rate method?
A) It is less costly to implement.
B) It classifies costs as fixed and variable costs.
C) It gives signals regarding how variable and fixed costs behave differently.
D) it requires managers to distinguish variable costs from fixed costs, which is often a challenging task.
to increase diversity awareness within his new team of employees, franco shouldmultiple choicesuppress the personal styles of team members in favor of group identity.stick with one consistent approach rather than trying different ways to do things.let problems grow until they are visible enough to be countered.reduce the time spent in socializing and concentrate on work.improve team members' understanding of others' experiences and perspectives.
Answers
Franco should "improve team members' understanding of others' experiences and perspectives" to increase diversity awareness within his new team of employees.
What is diversity awareness? Diversity awareness is the practice of being aware of and acknowledging the differences between individuals in society. This refers to a sense of tolerance, respect, and recognition of each other's differences. To develop diversity awareness, individuals must educate themselves about the unique characteristics of people from various backgrounds and seek to comprehend the impact of these differences on themselves and society as a whole.
How can Franco increase diversity awareness within his new team of employees? To increase diversity awareness within his new team of employees, Franco should improve team members' understanding of others' experiences and perspectives.
To create an environment in which everyone feels welcome and respected, team members must learn about one another's cultures, traditions, and experiences, and be open to diverse perspectives. This may include training sessions, team-building exercises, or cultural events. By raising awareness and sensitivity to diversity issues, Franco can help to promote a positive and inclusive work environment.
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who does the term public refer to when used in accountancy
Answers
With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these is correct.Companies should use standardized forms (developed for general use by any company) as much as possible.The most effective sequence is to start with an application blank and follow up with a series of interviews.The least costly tools should be used first.Under Affirmative Action guidelines, a company is not allowed to use psychological tests.
Answers
The companies should use the standardized forms because it is the most effective and guarantee quality selection.
Let understand that Selection tools are those tools used in selection process of hiring qualified applicant for a job.
The various method of selecting qualified applicant include:
Preliminary screeningPhone interviewsFace-to-face meetings etcThe standardization form of selecting applicants is most effective because its means that the process have been established and guarantees quality selection.
Therefore, Option A. is correct.
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Antonio is buying a house for $180,000. His loan is a 15-year fixed-rate
mortgage at 3.9%. Antonio makes an 18% down payment.
• He pays a mortgage of $1080 each month.
• Homeowner's insurance costs $720 per year.
. PMI is $40 per month.
• Property taxes are 1.5% of the assessed value of $180,000.
What are Antonio's total monthly payments?
OA. $1368.33
B. $378.33
OC. $4540.00
D. $1405.00
Answers
Antonio's total monthly payments is D. $1405.00.
To find Antonio's total monthly payments, we'll break down each component of the payment and then sum them up.
1. Mortgage payment: Given as $1,080 per month
2. Homeowner's insurance: Given as $720 per year, so divide by 12 to get the monthly cost: $720 / 12 = $60 per month
3. PMI: Given as $40 per month
4. Property taxes: The assessed value is $180,000 and the tax rate is 1.5%, so find the annual property tax: $180,000 * 0.015 = $2,700 per year. Divide by 12 to get the monthly cost: $2,700 / 12 = $225 per month.
Now, add up all the components:
$1,080 (mortgage) + $60 (homeowner's insurance) + $40 (PMI) + $225 (property taxes) = $1,405 per month
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The ____ phase in the business cycle is a period when the level of business activity declines and gdp falls.
Answers
The trough phase in the business cycle is a period when the level of business activity declines and gdp falls.
TroughThe trough is the fourth phase of the business cycle. The declining GDP begins to decrease its rate of negative change, eventually turning positive again. The economy begins a transition from the contraction phase to the expansion phase.
Therefore, the phase in the business cycle wherein the level of business activity declines and GDP falls is trough.
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an example of business fixed investment spending is
Answers
Answer:
Explanation:
An example of business fixed investment spending is $200 million of unsold cars at a car dealership. a purchase of a bond by General Electric Corporation.
Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answers
Answer:
The chart is placed in a database with five groups.
Hope this helped.
sandford inc. manufactures lawn mowers and garden tractors. lawn mowers are relatively simple to produce and are made in large quantities. garden tractors are customized to individual wholesale customer specifications. the company produces and sells 300,000 lawn mowers and 30,000 garden tractors annually. revenues and costs incurred for each product are as follows: lawn mowers garden tractors revenue $19,500,000 $17,850,000 direct material 4,000,000 2,700,000 direct labor ($20 per hour) 2,800,000 6,000,000 overhead ? ? manufacturing overhead totals $3,960,000. a. calculate the profit (loss) in total and per unit for each product if overhead is assigned to product using a per-unit basis. note: round your final answers to two decimal places (i.e. round $4.355 to $4.36).
Answers
The profit (loss) in total and per unit for each product, if the overhead is assigned to the products using a per-unit basis, are as follows:
Mowers Tractors
Total profit (loss) $9,100,000 $8,790,000
Profit per unit $30.33 $293.00
How is a per-unit basis?A per-unit basis is a function of each product's total cost or profit divided by the production and sales units.
Manufacturing overhead totals $3,960,000
Mowers Tractors
Production and sales units 300,000 30,000
Revenue $19,500,000 $17,850,000
Direct material 4,000,000 2,700,000
Direct labor ($20 per hour) 2,800,000 6,000,000
Overhead ? ?
Overhead per unit = $12 ($3,960,000/330,000)
Overhead for Lawn Mowers = $3,600,000 ($12 x 300,000)
Overhead for Garden Tractors = $360,000 ($12 x 30,000)
Mowers Tractors
Production and sales units 300,000 30,000
Revenue $19,500,000 $17,850,000
Direct material 4,000,000 2,700,000
Direct labor ($20 per hour) 2,800,000 6,000,000
Manufacturing overhead 3,600,000 360,000
Total costs $10,400,000 $9,060,000
Total profit (loss) $9,100,000 $8,790,000
Profit per unit $30.333 $293.00
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