Explain how dollar cost averaging affects your returns when drawing down your portfolio, for example, by withdrawing a fixed dollar amount from a stock market indexed fund in retirement. give an example. explain how dollar cost averaging affects your returns when accumulating assets, as in saving a regular dollar amount and investing in a stock market indexed fund before retirement. give an example. if the rate of return on u. s. small cap stocks averages 12.5%, and inflation averages 2.5%, how long will it take for you to double the amount of an investment?

Abigail spent $100 on a new edition of the personal finance textbook rather than $75 for a used copy. the additional cost for the new copy is called the

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer