Suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for their child's college education. Currently, college tuition, books, fees, and other costs average $20,000 per year. On average, tuition and other costs have historically increased at a rate of 6% per year. Assuming that college costs continue to increase an average of 6% per year and that all her college savings are invested in an account paying 8% interest, then the amount of money she will need to have available at age 20 to pay for all four years of her undergraduate education is closest to ________.

Answers

Answer 1

Answer:

$256,571

Explanation:

College Graduation fee for four years in the present value

PV = $20,000 x 4 = $80,000

As historically the fee has risen by 6% we need to find future value when the baby will be 20 years old by using future value formula

Let's say

FV = Future value

PV = Present value

n   = number of years

i     = Interest

Workings

FV = PV x ((1+growth rate)^n)

FV = $80,000 x ( (1+0.06)^20)

FV = $256,571

As the bank interest rate is 8% the saving need to be deposited annualy can be calculated as

Savings = (FV x i) /  ((1+i)^n)-1)

Savings = ($256,571 x 0.08) / ((1+0.08)^20)-1)

Savings = 20,525.68 / 3.66

Savings = $5,608


Related Questions

(blank) is an individual's total earnings throughout a given period before any deductions are made.

A.)Net Pay
B.)Income
C.)Paycheck
D.)Gross Pay

Answers

Answer:

Gross pay is an individual's total earnings throughout a given period before any deductions are made

Explanation:

D. is yo answer

Explain all the reasons why a decrease in the price of a product would lead to an increase in purchases of the product?

Answers

Since it is cheaper many people would want to buy this product and it would make the company more money and more sails

Luca, the operations manager a company that produces ground coffee beans, wants to know the sequence of the production process in the company to determine if any process can be combined or eliminated. In this case, a _____ will suit Luca's requirement.

Answers

The use of Flow-chart will suit Luca's requirement to know the sequence of the production process.

Flowchart is a diagram that shows the separate steps of a process in sequential order.

This will help Luca to know the sequence of the production process and allow him to decide whether to combine or eliminate some process.

Therefore, the use of Flow-chart will suit Luca's requirement to know the sequence of the production process.

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birk co. uses a job order cost system. the following debits (credit) appeared in birk's work-in-process account for the month of april:

Answers

As of April 30, Job No. 5 was the only one still in progress, and it cost $2,000 in direct labor. Direct materials total $5,200 and are invoiced to Work No. 5.

What does a job order cost?

When consumers submit orders for discrete, tiny quantities of goods, a mechanism called job order costing is used. This approach establishes the cost of each particular product and makes sure that it is affordable enough for a customer to buy it while still enabling the business to turn a profit.

Balance + Direct Material + Direct Labor + Factory Overhead - Cost of Finished Goods for Work in Progress as of April 30

                                           = $4,000 + 24,000 + 16,000 + 12,800 - 48,000

                                           = $8,800

The cost of Job No. 5 as of April 30 is $8,800.

Work No. 5 equals direct labor, direct materials, and factory overhead.

$8,800

Direct material plus $2,000 plus $1,600 ($2,000 * 80%) is $8,800.

Direct material = $8,800 - $2,000 - $1,600

                         = $5,200

As a result, $5,200 worth of direct materials is charged to Work No. 5.

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Correct question:

Birk Co. uses a job order cost system. The following debits (credits) appeared in Birk's work-in-process account for the month of April: April Description Amount 1 Balance $ 4,000 30 Direct materials 24,000 30 Direct labor 16,000 30 Factory overhead 12,800 30 To finished goods (48,000) Birk applies overhead to production at a predetermined rate of 80% of direct labor cost. Job No. 5, the only job still in process on April 30, has been charged with direct labor of $2,000. What was the number of direct materials charged to Job No. 5?

why is the task of pricing extremely difficult​

Answers

You have to consider factors of supply and demand

1.5 marks
Q.No:5
The gap between two annual general meeting
cannot exceed
A) 6 months
6
B) 12 months
C) 15 months
D) 18 months​

Answers

Answer:

C) 15 months

Explanation:

As per the law, a company with two or more shareholders must hold an Annual AGM every year.  The AGM for a new company must be held within the first nines months after the financial year.

The AGM for an existing company must be held not later than six months after the end of a financial year. However, the law has set 15 months as the maximum gap of time allowed between two general meetings.

Type the correct answer in the box. Spell all words correctly.
At which stage of advertising is the customer motivated to take action?
The customer is motivated to take action at the stage of ………advertising.

Answers

Answer:

motivated to take action at the product purchase stage of advertising.

Explanation:

The customer is motivated to take action at the stage of growth or early maturity advertising.

What is advertising?

The term “advertising” refers to the part of the promotion in the market. Advertising informs the consumer about the product and services available. These are the primary goals for attracting the target audience. There are the based on the marketing promotion. The advertising is the target audience.

The customer is motivated to take action during the "growth or early maturity" stage of advertising. Persuasive advertising is a type of communication that encourages customers to take action. During the expansion stage, pricing and product or service quality should be maintained, and more features and support services may be offered.

As  a result, the customer is motivated to take action at the stage of growth or early maturity advertising.

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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]​

Answers

The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.

Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.

Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.

Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.

Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.

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extranaughtee kitties, inc., sells obscene materials. this is

Answers

bhbhh lh l lljh l lh ;h ;hh hkkhh hj hjb Answer:   jhh ki

Explanation:


Markets can be characterized by the lifepan of the
assets traded. The market for assets with
a life of less than One
year is

Answers

Answer:

Money markets

Explanation:

The money market is a formal exchange market that brings together lenders and borrowers of short-term debt securities. The money market facilitates governments and corporates to sell short-term securities to meet their cash flow shortages.

Money markets enable institutional and retail investors with excess cash flow to invest in quality short-term investments. The money markets provide investors with options for investments and diversification.

According to the Mundell-Fleming model for a small open economy with flexible exchange rates, if the Federal Reserve cannot alter domestic interest rates, changes in the money supply could still influence aggregate income through changes in the:
exchange rate.

Answers

According to the Mundell-Fleming model for a small open economy with flexible exchange rates, if the Federal Reserve cannot alter domestic interest rates, changes in the money supply could still influence aggregate income through changes in the Exchange rate

The pace upon which one currency will be traded for another is known as the exchange rate. Some exchange rates are linked or fixed to the value of a particular country's currency, however most exchange rates are floating and will increase or decrease depending on market supply and demand. The level at which one currency can be swapped for another between jurisdictions or economic zones is characterized as an exchange rate. It is crucial in assessing trade and capital movement dynamics and is used to calculate the value of various currencies in respect to one another.

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What is technical profession?Give examples.​

Answers

Answer:

Technical profession is a highly skill based profession in which a practical knowledge is required.Example:engineering in civil,mechanical,computer e.t.c.

State a function of an out sheet

Answers

Note that  an Outsheet is used to collect and organize data from multiple sources into a single, unified spreadsheet.

What is Out Sheet and why is it important?

An Outsheet is a tool used in financial modeling and analysis to compile and consolidate information from different sources into a single spreadsheet.

It is important because it allows for the efficient and organized tracking of data, which can be used for a variety of purposes, including financial analysis, budgeting, and forecasting. Outsheets also help to ensure the accuracy and consistency of data by reducing the risk of manual errors and allowing for easier data comparison and reconciliation.

The use of Outsheets can improve the efficiency and effectiveness of financial modeling and analysis, making it an important tool for businesses and organizations.

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What is the primary goal of the regulations announced in this press release?
A. To reduce the cost of air travel for consumers
B. To strengthen existing consumer protections
C. To limit airlines’ access to the factor market
D. To decrease scarcity in the travel industry

Answers

I think the answer you’re looking for is
A.

- I hope this helps, I got it right. Enjoy the rest of your day/night, please make me brainliest!

To reduce the cost of air travel for consumers is the primary goal of the regulations announced in this press release.

What are consumers?

A consumer is a person or a group that is not directly involved in entrepreneurial or business operations and who intends to order or uses purchased items, products, or services primarily for personal, social, family, or household needs.

The phrase is most frequently used to describe someone who makes purchases for their own use. A consumer in an economy purchases goods or services primarily for personal use rather than for resale or for commercial objectives.

The price that consumers pay for the goods or services is followed by consumption. As a result, consumers are an essential component of any economy and play a crucial role in the economic system of a capitalist society. The consumer is also at one end of the supply chain.

When it comes to consumer protection regulations, the legal definition of the term "consumer" is typically limited to live individuals and excludes commercial users.

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I WILL GIVE BRAIN














After seviewing the technical skills required to perform tasks in the manufacturing industry, do you think these skills are
more or less important than the interpersonal skills we discussed in previous units?

Answers

You have to add which skills were discussed but usually interpersonal are more important in business than technical skills

Which of the following statements is true?
The largest investors in corporate bonds are institutional investors such as life insurance companies and pension funds.
The market for corporate bonds is thin compared to the market for corporate stocks.
Prices in the corporate bond market tend to be more volatile than prices of securities sold in markets with greater trading volumes.
All of the above are true.

Answers

Regarding the query, each of the aforementioned statements is accurate.

What exactly are corporate bonds?

Debt instruments known as corporate bonds are issued by both commercial and public corporations. Businesses sell corporate bonds to generate funds for a range of projects, including the construction of new facilities, the acquisition of equipment, and business expansion. A corporation bond is an obligation that a corporation issues to obtain money for a number of purposes, such as continued operations, mergers and acquisitions, or business expansion. The phrase is typically used to describe longer-term debt instruments with a minimum one-year maturity.

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Wally is a contemporary manager who gets things done. Which statement most likely describes Wally's approach?

Answers

The statement that most likely describes Wally's approach is he emphasizing in the  teamwork and cooperation and acting as a coach rather than a boss.

Who is a manager?

A manager is someone who is responsible for overseeing and coordinating the work of a group of people to achieve organizational goals.

Good managers are typically skilled at communication, problem-solving, decision-making, and leadership, and they are able to balance the needs of their organization with the needs of their employees.

In the above case. Wally is working in teamwork and cooperation and behaving like a coach not as a boss.

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According to College policy, what is the most severe sanction for academic
misconduct?
written or verbal warning
failure of a course
expulsion from the College
expulsion from the College and legal action

Answers

According to College policy, is the most severe sanction for academic misconduct written or verbal warning.

What type of academic misbehavior is the most serious?

The most serious type of academic dishonesty, contract cheating or commissioning, involves having someone else complete your work and submit it as their own. It can entail using "essay mills," dishonest businesses that charge students money to complete tasks.

What are the four offenses that constitute academic misconduct?

Cheating.

Plagiarism.

falsehood or fabrication.

Sabotage.

What type of academic misconduct occurs the most frequently?

The most typical form of academic dishonesty—and the one that is also the simplest to accidentally commit—is plagiarism.

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What can people do better to make a better place in this earth

Answers

Answer:

not be so selfish and quit worrying about materialistic things and worry about the better being of others but be kind n respectful to your self at the same time

We can always recycle ♻️. A clean environment can help animals.

is (are) defined as any method for making a choice. A decision model The implementation model Relevant costs The prediction method

Answers

Answer:

Decision model

Explanation:

Decision model is a framework that guides how decisions are made based on perception, organisation, and management considerations.

Conclusions are made from available facts and this guides the choice of action to be taken in any given scenario.

Decision model is made up of a diagrammatic representation of logical statements and the implications of each decision.

These are weighed in order to decide on a final choice or decision.

ricardian equivalence maintains that an increase in government spending financed by debt will result in a corresponding increase in

Answers

Ricardian equivalence maintains that an increase in government spending financed by debt will result in a corresponding increase in Savings.

What is Ricardian Equivalence ?

According to the economic principle known as Ricardian equivalence, paying government expenditures with current taxes or future taxes (as well as current deficits) will have similar impacts on the overall state of the economy.

Therefore, increased government expenditure that is financed by debt will not be able to stimulate the economy since investors and consumers are aware that the loan would eventually need to be repaid through future taxes.

The hypothesis contends that consumers will save because they anticipate paying higher taxes in the future to reduce the debt, which will counteract the rise in aggregate demand brought on by higher government spending.

In order to prepare for future taxes, a rise in government spending financed by debt will also result in a rise in savings.

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Fatima is a regional sales manager and has decided that each member of the sales team must increase his or her current sales figures by 80% within two months if they want to remain with the company. Overall, the economy for the industry has dropped dramatically and she has decided this is the best way to motivate her sales team. Which aspect of the marketing objective is Fatima failing to recognize

Answers

Answer:

Achievable

Explanation:

Marketing objectives are set to meet up with the goals of the business. Which isnto.ake profit.

The SMART approach to marketing objectives are outline below. The marketing objectives should be;

- Specific, that is a particular objective should be set. In this case Fatima has set 80% increase on current sales figures.

- Measurable, that is the objective should be quantifiable. 80% of the current performance is measurable.

- Achievable, means that the objective should be within a reasonable scope. Targets should not be set too high.

In this case the economy for the industry has dropped dramatically, so setting objective of 80% sales increase on current performance is most likely not achievable.

- Realistic, are there sufficient personel and resources to achieve the goal.

- Time specific, it must be within a defined time period. In this case 2 months was set to achieve the objective.

Bạn có ý tưởng mở 1 tiệm giải khát nhỏ để kiếm thêm thu nhập. Bạn sẽ làm gì để có thể thu hút được khách hàng và bán được sản phẩm của mình.

Answers

The reason is because human are diverse in nature.

The management of human as part of resources in an organisation requires great effort from the human resources personnel.

Apart from managing human, the labor reward for job performed an by employee must commensurate with the extent of job done.

The behavior of an employee changes from time to time and these present a migraine to H.R. personnel because the employee must be conservatively managed by the company to maximize profit.

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At a time of growing digital disruption, Human Resources professionals are increasingly driving the organizations need for a?

Answers

At a time of growing digital disruption human resources professionals are increasingly driving the organizations need for a digitally skilled workforce

Why Human Resources professionals go for a digitally skilled workforce

as digital technologies continue to transform the workplace hr professionals are responsible for ensuring that their organizations have the talent skills and capabilities to thrive in a digital environment

This may involve developing and implementing strategies for talent acquisition workforce development and organizational culture that support digital transformation

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1.4.2 Test (CST): Fundamental Principles of Economics
Question 18 of 20
Which statement best summarizes the relationship between investments and
productivity?
OA. Companies must choose between high levels of productivity and
large investments.
OB. Companies with high levels of productivity are the most likely to
need investment.
OC. Companies use investments to avoid the need to increase overall
productivity.
OD. Companies use investments to pay for services that improve their
productivity.

Answers

Statement first-class summarizes the connection between investments and productiveness: corporations use investments to pay for offerings that improve their productivity.

Investments definition is an asset acquired or invested in to assemble wealth and keep cash from the difficult-earned income or appreciation. funding which means essentially to achieve an extra delivery of profits or advantage and make the most of the investment over a particular time period.

Investments are the determination of an asset to obtain an increase in price over a time period. investment requires a sacrifice of a few gift properties, along with time, cash, or a try. In finance, the motive of making funding is to generate a move back from the invested asset.

In a funding outlook, investment is the acquisition of products that are not fed nowadays but are used inside the destiny to generate wealth. In finance, an investment is an economic asset bought with the idea that the asset will provide earnings similarly or will later be bought at a better cost rate for earnings.

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The first step in developing a market strategy is

Answers

Answer:

I would say for like a commercial, I would try to make whoever's watching it be like ''Oooh, I need that!''

Answer:

Set your marketing goals.

Explanation:

Graph and label the three distinct portions of the long-run average total cost
(LRATC) curve, and give an explanation for these various areas. How are
LRATCs "constructed" from short-run average total cost (SRATC) curves?

Answers

The long-run average total cost (LRATC) curve can be divided into three distinct portions.

Describe each portion of (LRATC).

The Economies of Scale Region: This is the leftmost portion of the curve, where the LRATC decreases as output increases. This occurs because the firm is able to take advantage of economies of scale, such as increased specialization, greater use of capital, and more efficient use of resources. As output increases, the average cost per unit decreases, leading to lower LRATC.

The Constant Returns to Scale Region: This is the middle portion of the curve, where the LRATC remains constant as output increases. This occurs when the firm is producing at an optimal scale, where the benefits of economies of scale have been exhausted, and the LRATC has reached its minimum level.

The Diseconomies of Scale Region: This is the rightmost portion of the curve, where the LRATC increases as output increases. This occurs because the firm is experiencing diseconomies of scale, such as increased coordination costs, communication difficulties, and reduced worker motivation. As output increases beyond a certain level, the average cost per unit increases, leading to higher LRATC.

LRATCs are constructed from short-run average total cost (SRATC) curves by analyzing the different production scales in the short run and determining the optimal scale for each level of output. The optimal scale is then plotted on the LRATC curve as the point where the SRATC curves intersect. As output increases, the optimal scale may change, and the corresponding SRATC curves will shift, leading to changes in the LRATC curve. The LRATC curve is a long-run concept, meaning that all inputs are variable, and firms have the flexibility to adjust their production scale to optimize their costs.

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Which set of documents do you need to correct a mistake on a filed tax return

Answers

Answer:

Form 1040x

Explanation:

7. How micro and macro economics are interdependent
to each other?​

Answers

Explanation:

Actually micro and macroeconomics are interdependent. The theories regarding the behaviour of some macroeconomic aggregates (but not all) are derived from theories of individual behaviour. ... Similarly, the theory of aggregate consumption function is based upon the behaviour patterns of individual consumers.

Question 12 (4 points)
A country's trade balance will fall if either
investment or saving rise.
investment falls or saving rises.
Saving falls or investment rises.
investment or saving fall.

Answers

The only response that accurately predicts when a nation's trade balance would decline is "Savings decreases or investment rises."

The concept of rise in investment

The trade balance is the difference between a country's exports and imports of goods and services. If a country's exports exceed its imports, it has a trade surplus, and if its imports exceed its exports, it has a trade deficit.

Investment and saving are two important macroeconomic variables that can affect a country's trade balance. Investment refers to the amount of money that businesses and governments spend on capital goods, such as machinery, buildings, and infrastructure. Saving, on the other hand, refers to the portion of income that households and businesses do not spend and instead put into savings accounts or invest in financial assets.

If investment rises, businesses and governments are buying more capital goods, which can increase production and exports. Similarly, if saving falls, households and businesses are spending more money on consumption, which can increase imports. Both of these scenarios can lead to a trade deficit.

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