Troy and Kristy Reynolds (both currently age 56) have determined that they will require retirement income equal to $93,000 in today's dollars, based on their current income. They plan to retire in eight years and wish to assume an after-tax return on their investments, prior to retirement, of eight percent. They plan to readjust their assets after retirement and believe that their net return will drop to six percent. Troy's parents are both in their late eighties, and Kristy's parents are in their seventies. Troy and Kristy assume that retirement will last for 30 years, and that inflation will average two percent.
Assume that both Troy and Kristy will die at age 95, regardless the clients assumption about life expectancy.
Use the Annuity model for capital needs calculations
(1) 0.5 Points - How much income will Troy and Kristy need in their first year of retirement?
(omit the dollar sign)
(2) 0.5 Points - What is the amount of capital necessary at the start of retirement to support their income needs throughout retirement?
(omit the dollar sign in your answer)
(3) 0.5 Points - For purposes of Social Security retirement benefits, the Reynolds reach full-retirement age at age 67. Their full (combined) benefit is expected to be $30,000 in today's dollars. If the Reynolds decided to factor in Social Security and begin taking Social Security benefits when they retire at age 64, how much personal capital would they need to accumulate at retirement?
One of two Approach...
Given how much they are going to receive from so security how much will they now need in today's dollars from their investment portfolio and retirement accounts?
How much in how much in future $ would they need each year and month beginning at age 64 from their investment portfolio and retirement accounts?
How much capital would they need on the first day of retirement to likely provide for the necessary income from investment portfolio and retirement accounts?
Note: Assume that SSI will also increase by 2% due to its Cost of Living Auto increases (COLA)
(omit dollar sign from your answer)
(4) 1 Point - The Reynolds would like to know how much they need to save each year to fund retirement. For purposes of this calculation, assume they have accumulated retirement savings of $162,491, they want to retire at age 64, they will live until age 95, and they expect to inherit $1,000,000 at age 64 (just when they are retiring). Social Security benefits are the same as described above.
Assume that they will claim SSI as described in question #3 above for this case
Answer with the amount of annual savings yet needed (omit dollar sign in answer)

Pay your Sears credit card bill by selecting the Pay Now button on your account page.

Sears credit card payments can be made at any Sears store by visiting the Customer Service Desk. You can also pay your bill online or by calling 1-800-815-7701.

Yes, Sears credit cards have a grace period of at least 25 days, which runs from the end of each billing cycle until the payment due date. Citibank does not charge interest if the cardholder pays the Sears credit card bill in full each month.

You can pay your credit card bills using a variety of online and offline options. Online methods include payments via mobile applications, internet banking, mobile payment wallets, NEFT/RTGS, IMPS, etc. Offline methods include ATM payments, physical visits to bank branches, and customer support.

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The amount less that will be withheld weekly for federal income tax is $40.65.

The money withheld from the federal income tax will be:

= $348.40/2

= $174.20

The increase in pay will be:

= 15% × $348.40

= $52.26

The new salary will be the addition which is $400.66.

The new money withheld will be:

= $400.66/3

= $133.55

The amount less withheld will be:

= $174.20 - $133.55

= $40.65

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High-end movie theater with a full food and beverage menu, table seats, and wait staff.

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Before embarking on an entrepreneurial venture, conducting a feasibility analysis is crucial to assess its viability. This analysis encompasses the examination of financial, legal, and technical aspects. Financial feasibility evaluates the profitability, break-even point, and cash flow potential of the business.

Legal feasibility investigates the legal requirements and regulations that must be fulfilled.

Technical feasibility examines whether the business concept can be implemented effectively and if the necessary infrastructure is available.

Additionally, market analysis delves into assessing the potential demand and competition in the market, while business analysis identifies opportunities and determines if the idea aligns with industry trends.

By conducting a comprehensive feasibility analysis, potential challenges and drawbacks can be identified early on, enabling entrepreneurs to make informed decisions and enhance the prospects of their entrepreneurial activities.

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Answer:

The average tax rate is 26.17%

Explanation:

The computation of the average tax rate having the taxable income is $130,513 is shown below:

$50,000 × 0.15 = $7,500

$25,000 × 0.25 = $6,250

$25,000 × 0.34 = $8,500

$30,513 × 0.39 = $11,900.07

Tax amount is $34,150.07

Now the average tax rate is

= Tax amount ÷ taxable income × 100

= $34,150.07 ÷ $130,513 × 100

= 26.17%

Hence, the average tax rate is 26.17%

If the market depicted by the graph achieves equilibrium, consumer surplus plus producer surplus will be equal to Total surplus.

What is consumer surplus?

Consumer surplus is a measurement of the welfare of consumers in an economy. It is calculated by subtracting the price that a customer is willing to pay for a product or service from the actual price paid by the consumer. The calculation is as follows: Consumer surplus = Maximum amount willing to pay – Price paid

What is producer surplus?

Producer surplus is the difference between the price that a seller receives for a product and the cost of producing it. It is measured by subtracting the cost of production from the price paid by the buyer. The calculation is as follows: Producer surplus = Price received – Cost of production

Total surplus is the sum of consumer surplus and producer surplus in an economy. In equilibrium, the market is in a state of maximum efficiency, where the quantity of goods demanded equals the quantity of goods supplied at a given price.

At this point, the total surplus is maximized, and the sum of consumer surplus and producer surplus is equal to the total surplus in the market.

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complete question

If the market depicted by the graph achieves equilibrium, consumer surplus plus producer surplus will be equal to:

Price $16

Supply (MC) $12, $8. $4 Demand (MB)

Answer:

Subject Matter Expert and Small and Medium Enterprise

Explanation:

the abbreviation for "Subject Matter Expert"

and "Small and Medium Enterprise"

Answer:

small to medium-sized enterprise, a company with no more than 500 employees.

Explanation:

Answer:

internet

Explanation:

because internet system is global

Both the Illinois Institute of Technology (IIT) and the Massachusetts Institute of Technology (MIT) provide professional support and resources to Hispanics and Latinos entering the technology fields.

Some of the available resources include mentorship programs, networking events, workshops, and career counseling services. These institutions often have student organizations dedicated to supporting underrepresented minorities, including Hispanics and Latinos, in the technology fields. Additionally, they may offer scholarships and financial aid specifically for these students. It is recommended to reach out to the diversity and inclusion offices at IIT and MIT for more specific information and assistance.

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Answer:

See below

Explanation:

A cash flow statement is among the financial statement prepared by a company at the end of every financial period. It details the cash movements, in and out of business. The cash flow statement tells the amount of cash that a business holds at any particular time. It shows whether a company generates sufficient cash to pay debts and fund its operations.

A budget is a plan showing expected incomes and expenses for a financial period. It indicates the income an individual, firm, or country expects to receive in a period and how the income will be spent. A budget is also known a plan of expenditure.

The correct answer is B. A decrease in taxes and an open-market purchase of securities by the central bank would provide expansion during a recession with the smallest change in interest rates.

When the central bank performs open-market operations, it buys or sells government securities, which affects the supply of money in the economy. An open-market purchase of securities increases the money supply, which can lead to lower interest rates. Lower interest rates encourage borrowing and spending, which can help to stimulate economic growth.

A decrease in taxes can also help to stimulate economic growth by putting more money into consumers' pockets, which can increase their spending. This policy can be implemented relatively quickly and does not require changes in interest rates.

In contrast, an increase in government spending and an open-market sale of securities by the central bank (Option A) may require an increase in interest rates to prevent inflation. An increase in taxes and an increase in the discount rate (Option C) may slow down economic growth by reducing consumer spending and increasing borrowing costs. Finally, an open-market purchase of securities by the central bank and a decrease in the reserve requirement (Option D) may also require the central bank to raise interest rates to prevent inflation.

The correct answer is B. A decrease in taxes and an open-market purchase of securities by the central bank .

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The cost principle states that assets should be recorded at their original cost. If an asset like land increases in fair value, the company typically does not adjust the recorded value. Instead, it continues to report the land at its original cost.

The cost principle in accounting states that assets should be initially recorded at their original cost. This principle provides reliability and consistency in financial reporting. According to the cost principle, when an asset like land increases in fair value, the company does not typically adjust the recorded value of the asset.

The land continues to be reported on the company's financial statements at its original cost. This conservative approach ensures that the financial statements reflect the actual costs incurred by the company to acquire the asset. By maintaining the historical cost, the company avoids potential subjective valuations and maintains a more objective and verifiable financial reporting framework.

However, it's important to note that there are exceptions to the cost principle, such as when assets are impaired or when specific accounting standards require fair value measurement.

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Most banks feature ATMs where you can use your debit card to withdraw money from your account. The ATMs at your bank are free to use, however those at other banks may require a fee.

There are several ways you can withdraw cash from a bank:

Over-the-counter withdrawal: You can ask a teller at a bank branch to take money out of your account.

App for mobile banking: Many banks have apps for mobile banking, which let you use your smartphone to withdraw money from your account. For the transaction to be successful, you might need to utilise a particular ATM.

Check: You are able to write yourself a check that you can cash at a bank or a check-cashing facility.

Cash withdrawals are possible using some banks' online banking systems. For the transaction to be successful, you might need to utilise a particular ATM.

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There is a need for every business in the international marketplace to understand the prevailing culture in the countries in which they are doing business. this is known as cross-cultural literacy.

Business economics is a discipline of implemented economics that researches the financial, organizational, marketplace-related, and environmental issues faced by using companies. business economics encompasses subjects such as the idea of scarcity, product factors, distribution, and consumption.

Business is a technique of exchanging goods and offerings between people and entities, which includes money. Key principles of economics include deliver and demand, interest price, exchange fee, and international trade.

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Answer:

Public Goods

Explanation:

Public goods refer to commodities and services available for use by all members of a community. They are provided by the government through taxes. Because the government funds public goods, they benefit everyone in society at no extra costs.

Examples of public goods include public roads, street lighting, police service, national defense, and public bridges.

Public goods are both non-rivalry and non-excludability. They don't get exhausted when consumed, nor is it possible to exclude others from consuming them.

Answer:

In a purely capitalistic economy, resources are allocated based on the interests of both suppliers and consumers. The allocation of resources should be more efficient since the ultimate goal of businesses is to make a profit by satisfying consumers' preferences. Private property is one of the fundamental pillars of capitalism.  

In a socialist economy, an elected government is responsible for allocating resources that should best satisfy the needs of the people that they rule over. Socialistic theories are supposed to be a superior state of capitalism, where everybody should share and enjoy resources but based on their individual contributions. I.e. if you work harder, you should be able to enjoy more resources. Socialist theories recognize individual private property but productive capacity is a common good. E.g. the world in Start Trek is a socialist world.

Communism shares several similarities with socialism, but it differs in some of its basic principles. Communism does not recognize elected governments, e.g. China, North Korea, etc., or have pseudo democracies like the former Soviet Union (currently Russia) and Cuba. Resources are shared by everyone but based on individual needs, not individual contributions. E.g. a person that doesn't work at all could need more things than others that work, and therefore, should receive more resources. Everything is owned and distributed by the government, so theoretically private property doesn't exist. Communism abolishes religion and social classes, while socialism allows religion and still recognizes different social classes.

In real life, there is no purely capitalistic or purely socialist country in the world. Some developed economies lean towards socialism (most European nations and Canada) while others lean more towards capitalism (the US). Communism used to exist in the world, e.g. former Soviet Union, China, Cuba, etc., but even those countries currently recognize private property, although the governments still play a significant role in the economy and resource allocation. But they cannot be considered democracies either.

The borrower's payment for February 2007 was 30 credit limit days overdue. In February 2007, the borrower is 30 days late with the credit payments; otherwise, they are made on time. Paying for whatever you've bought with your credit card.

We also accept credit cards for mail-in or online orders. It's possible that your supplier will find themselves "in credit" with you if you pay your energy bill via direct debit, which means that they owe you money.

When using a Visa card to make a transaction, the user consents to repay the bank later; hence, the card is considered a form of credit. Credit can be given in cash or in other ways.

A unique The weight of chocolate chips in an 18-ounce package falls in the 27th percentile. Ahoy! chip cookies contain 190 chocolate chips.The middle 97% of X are found between the 1.5th percentile and the 98.5th percentile.

The "NORM.S.INV" function in Excel allows us to

The associated z-score for the 1.5th percentile is -2.17.

The z-score that represents the 98.5th percentile is 2.17. The X value for the 1.5th percentile is therefore X=p+zoX = 1262 + (-2.17 x 118)X 1006

And X=u+ zoX = 1262 + (2.17 x 118)X 1518 is the result that corresponds to the 98.5th percentile. The 1006 to 1518 chocolate chips that make up the middle 97% of a bag of chips Ahoy! constitute the bag's total chocolate chip content.

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The managers described in the scenario may belong to the "Steadiness" category of the DISC personality assessment, characterized by calmness, supportiveness, and a focus on maintaining harmony and stability in the workplace.

The managers described in the scenario exhibit characteristics that align with the Steadiness category of the DISC personality assessment. These individuals are known for being calm, supportive, and able to work far ahead of deadlines. Steadiness types are generally patient, thoughtful, and maintain a focus on maintaining stability in the workplace. They are often excellent team players who value harmony and cooperation with others. Their approachable and supportive nature makes them effective managers who are able to provide guidance, support, and encouragement to their employees. While there may be other personality traits and categories that also apply to these managers, the Steadiness category is a strong match for the characteristics described in the scenario.

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Answer:

1. Households

2. Firms

3. Governments

4. "The Rest of the World"

I don't know a good fifth

Explanation:

Accounts payable, wages payable, and notes payable due in 3 months would be considered current liabilities.

Current liabilities are debts or obligations that are due within one year or one operating cycle, whichever is longer.

Accounts payable are amounts owed to suppliers for goods or services that have been received but not yet paid for.

Wages payable are amounts owed to employees for work they have performed but have not yet been paid for.

Notes payable due in 3 months are short-term loans that are due within one year or less. Notes payable due in 14 months would be considered a long-term liability, as it is not due within the next year or operating cycle.

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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.

Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.

While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.

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Answer: ?

Explanation:

Girl what does that mean, either you can count right or thats a username

When a 60-day note is signed on February 15 (and it's not leap year) the due date of the note is April 16.

For a 60 day note which is signed on February 15 in a year which is not leap year, the due date for the note would be 60 days from the signing date. In order to determine the due date, consider the following steps:

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You acquire information, abilities, and experience that will benefit you in both your work and general life.

What does it mean that you as a student should be aware of the course's relevance?

All students need to comprehend why a course's material important, regardless of whether they are merely studying it to fulfill a requirement or because they find it intriguing. This influences their comprehension of how this course links to other knowledge and abilities, as well as their motivation.

What factors do you consider when choosing the best course for you?

The first step in deciding which course to take is to identify your interests and hobbies, but you also need to consider what you have to offer. You must consider whether or not your abilities and expertise are relevant to the program you want to pursue before making your decision.

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Answer:

Crime can therefore be defined as a violation of the law and an act of deviance from established rules, or a non-commission of an action that is required by law. Violence, on the other hand, is an act of physical aggression that in most cases results in harm.

The entry made in the income statement in this scenario would be a debit of $560.  So, the correct answer is D debit $560.

The provision for depreciation represents the accumulated depreciation of the machine over the six-year period. Since the provision had a credit balance of $5040 at the time of sale, it means that the total depreciation expense recognized over the six years was $5040.

To calculate the depreciation expense per year, we divide the total accumulated depreciation by the number of years (6). So, the annual depreciation expense is $5040/6 = $840.

When Rashida sold the machine for $500, it implies that the machine's carrying value or book value was reduced to $500. To account for this loss on disposal, the income statement entry will be a debit to Depreciation Expense for the remaining balance of the machine's book value, which is $840 - $500 = $340.

However, since the question asks for the specific entry made in the income statement, the amount to be debited will be the difference between the machine's original cost and its book value at the time of sale, which is $5600 - $500 = $5100.

Hence, the entry in the income statement will be a debit of $5600 - $500 = $5100.  So, the correct answer is D debit $560.

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Answer:

speech and debate

Answer:

severance process

Explanation:

severance process is one in which an employer grant an employee a severance pay after termination of employee's employment. This is usually inform of an agreement, and this applies to The Percy family here,

As the family is planning to sell the wood to the neighbors as firewood, the process applies is called severance process