Business, 27.02.2020 23:17, Fatimaneedhelp
Mary is 40 years old, plans to retire at 65 and the actuarial tables tell her she can expect to live until 80. The market value of her stock portfolio and home are, respectively, $300,000 and $400,000. She expects to earn $100,000 per year over the rest of her career. Plot Mary’s consumption function. What is her autonomous consumption and marginal propensity to consume? Use the consumption function: C = (W + RY)/ T where W is wealth (total assets), R is years to retirement, Y is annual income, and T is years left to live.
Answers: 2
Business, 22.06.2019 07:30, cacaface311
Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)
Answers: 1
Business, 22.06.2019 22:00, tannercarr3441
As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm. b. implicit costs. c. operating costs. d. fixed costs.
Answers: 2
Mary is 40 years old, plans to retire at 65 and the actuarial tables tell her she can expect to live...
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