How much does she need to save
Bob believes she will need $99,999 annual income during early retirement. If she can achieve a 4% return during retirement and believes she will live 50 years after retirement, how much does she need to save by the time she retires?
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Book Company had net income of $75,000. On January 1, there were 10,000 shares of common stock outstanding. On May 31, the company issued an additional 4,000 shares of common stock.
Harveys Corporation borrowed $113,000 from the bank on November 1, 2014. The note had a 8 percent annual rate of interest and matured on April 30, 2015.
John expects to invest 3,000 per year in his 401K for ten years and then expects to receive a large pay raise to invest 10,000 per year for the next ten years until retirement. He earns 10% on his investment. What is this 401K worth today?
The Stevens Company provided $54,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $38,500 of cash from its receivables accounts.
Olin Company had accounts receivable of $452,000. Before it recorded the adjusting entry for uncollectible accounts, the balance in the Allowance for Doubtful Accounts was $904.
Gearz Company has break-even point of 7,000 units, fixed costs are $150,000 and variable costs are $550,000 in total. what is the unit sales price?
Alma's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer.
George Jetson's Rosies sell for $200 per unit, and their variable costs per unit are $110. The fixed costs are $500,000. If Mr. Jetson wants to earn $25,000 pretax income, how many units (Rosies) must be sold?
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