Consider Alexander and Zoe. They both will save $8,500 per year until they retire at age 65. Alexander and Zoe, however, will start saving at different ages. Alexander will start saving when he is 25 years old. Zoe will start saving when she is 45 years old. Assuming the
interest rate each year is 6%, how much money will the first year of savings amount to when they retire? Round your answers to two
decimal places.
Alexander: $
Zoe: $

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.