How much will you have to save at the beginning
You plan to have $1,000,000 in your retirement account when you retire in 40 years. Assume an average annual rate of return of 8.5% compounded monthly. How much will you have to save at the beginning of each month?
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It has inventory added at three different price points during the month in question; when I add the direct materials, do I add them at average cost or at FIFO cost And then, if my plant overhead is allocated at 40cents /dollar of direct labour,.
Machine B The recorded cost of this machine was $160,000. Pele estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period.
When Baker tested the sample, eight errors were discovered. In addition, one shipment that should have been billed at $10,443 was actually billed at $10,434.
At the end of 2009, Tatum Co. has accounts receivable of $739,773 and an allowance for doubtful accounts of $31,583. On January 24, 2010, it is learned that the company's receivable from Novinger Inc.
Apple, Inc. informs us that the Fixed Costs to produce iPods are $35,000 per month. Fixed Costs to produce the Macintosh computers are also $35,000 per month.
On April 1, 2010, Backspace Corporation issued $2,000,000, 6%, 10-year bonds at 95. The bonds pay interest each October 1 and April 1 and the corporation uses the straight-line method to amortize premium or discount.
Callaway Golf Co. leases telecommunication equipment. Assume the following data for equipment leased from Photon Company. The lease term is 5 years and requires equal rental payments of $31,000.
Assume that IBM leased equipment that was carried at a cost of $150,000 to Sharon Swander Company. The term of the lease is 6 years beginning January 1, 2011.
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