Business, 18.03.2021 01:20, kamgurunlian
You are planning for your retirement. You estimate that you will have $600,000 at the time of your retirement. Your goal is to have a $0 balance at the end of 20 years (at which point you plan on becoming a burden to society and your family). You estimate your expenses at $50,000/Year. You estimate interest on your savings at 5%/year. You estimate inflation at 3%/year. Assume interest and expense payments are made at the beginning of the year.
Objectives:
Determine if $600,000 is sufficient
If not, determine what you will need
Provide all related spreadsheet models
Provide a short recommendation
State any other assumptions you feel you need to make for this exercise.
Answers: 1
Business, 21.06.2019 21:20, jovonjones1234
Kahn company's static budget was based on sales volume of 12,000 units. its flexible budget was based on sales volume of 14,000 units. based on this information multiple choice the sales volume variance is expected to be unfavorable. the materials cost volume variance is expected to be favorable. the labor cost volume variance is expected to be unfavorable. none of the answers is correct.
Answers: 3
Business, 22.06.2019 12:10, huangjianhe135
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
Business, 22.06.2019 18:10, maddihamidou
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
Answers: 1
You are planning for your retirement. You estimate that you will have $600,000 at the time of your r...
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