A married couple have a five-year-old child who will attend college in 12.5 years. They have saved $20,000 to date in a 529 plan and a CFP® Professional estimates the future cost of a four-year degree to be $390,000. How much will they need to start saving today, at the beginning of each month, to reach this goal if the CPI is 3%, the inflation rate for college costs is 5%, and their expected rate of return is 8%? $1,301
$1,310
$2,003
$2,008
Answers
The couple will need to start saving $2,008 at the beginning of each month to reach their goal of $390,000 for their child's college education.
To calculate the amount they need to save, we can use the future value formula. The future value (FV) is equal to the present value (PV) multiplied by (1 + rate of return)^number of periods. In this case, the present value is $20,000, the rate of return is 8%, and the number of periods is 12.5 years (or 150 months, since they will be saving on a monthly basis). We need to solve for the monthly savings acoount (PMT) required to reach the future value of $390,000.
Using the future value formula and rearranging it to solve for PMT, we have PMT = (FV - PV) / [(1 + rate of return)^number of periods - 1]. Plugging in the values, we get PMT = ($390,000 - $20,000) / [(1 + 0.08)^150 - 1] = $2,008. Therefore, the couple needs to start saving $2,008 at the beginning of each month to reach their goal of $390,000 for their child's college education.
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Related Questions
According to the video, what tasks are commonly performed by Farmworkers instead of by machines? Select three
options.
weeding
Opruning
preparing soil
transplanting
planting
Answers
Answer:
A: weeding
B: pruning
D: transplanting
Explanation:
trust me i just did it
enjoy :)
Why is it called Chick-Fil-A when a Fil-A (filet) is normally cooked with beef???
Answers
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answers
Answer:b
Explanation:
You buy a watch that costs $45.50. The tax on the watch is 7.5%. What is the final cost?
Answers
Answer:
$48.9125
Explanation:
7.5% of 45.50 is 3.4125
3.4135+45.50=48.9125
44. an attorney in fact acting without compensation in a
real estate transaction must
a. have a real estate license
b. be an attorney at law
c. be related to a principal in the
transaction
d. have wri
Answers
An attorney in fact acting without compensation in a real estate transaction must the correct option is d. have a written power of attorney agreement.
An attorney in fact acting without compensation in a real estate transaction must have a written power of attorney agreement.
An attorney in fact is an individual who is authorized to act on behalf of another individual, known as the principal. This individual may be empowered to make decisions about finances, healthcare, or other aspects of a person's life.A real estate attorney in fact is someone who is authorized to act on behalf of the principal in a real estate transaction.
This may include signing contracts, negotiating deals, and other tasks related to the purchase or sale of property.When an attorney in fact is acting without compensation, it is important that they have a written power of attorney agreement. This document outlines the scope of the attorney's authority and ensures that there is a clear understanding between the parties involved. Having a written agreement can also help to avoid confusion or disputes down the line.
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How can a diverse economy like the United States, satisfy the needs of its consumers?
Answers
Answer:
Supply and Demand
Explanation:
Maddie is creating a survey to determine student's favorite place to shop. This type of research is
Primary
Secondary
Media
Product
Answers
Answer:
Primary
Explanation:
Any survey is an example of a primary research.
The research by Maddie, who created a survey to determine students' favorite places to shop, is A. Primary research.
What is primary research?Primary research depends on direct data and not on previous data collected by another researcher.
For example, Maddie's creation of a survey to determine students' favorite places to shop demonstrates primary research.
Thus, the research by Maddie, who created a survey to determine students' favorite places to shop, is Option A.
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Leadership is best defined by our text as.... Question 1 options: the ability to reduce the dependence of team members on each other the ability to influence a group toward the achievement of a vision or set of goals the ability to use factors like training and experience to reduce dependence on formal leadership the ability to merely project one's abilities in the lack of actual accomplishments
Answers
Based on sociocultural theory, Leadership is best defined by our text as "the ability to influence a group toward the achievement of a vision or set of goals."
Characteristics of LeadershipLeadership has been found to have some of the following features:
Effective communicationEmpathyConfidenceIntegrityDelegationSelf-AwarenessMotivationCharisma, etc.All of the characteristics above are combined by leaders to influence followers toward accomplishing objectives, goals, or a vision.
Hence, in this case, it is concluded that the correct answer is option B. "the ability to influence a group toward the achievement of a vision or set of goals."
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customer ratings of products they bought online is an example of: group of answer choicesaffiliation.loyalty.
Answers
Customer ratings of products they bought online is an example of loyalty.
Loyalty is when customers continue to purchase from the same brand or retailer due to previous positive experiences. Loyalty involves customers having an emotional connection with a company and a willingness to forgive mistakes and look past shortcomings. Loyalty programs, such as rewards and discounts, help to create this bond between a customer and the brand. Loyal customers tend to be more satisfied and willing to recommend the products or services they bought to others. Additionally, loyalty leads to higher customer retention, which results in long-term growth for the business.
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Consider the following transactions: (Click the icon to view the transactions.) Identify the category of the statement of cash flows in which each transaction would be reported. i Transactions Financing activity Investing activity Non-cash investing and financing activity Operating activity b. c. Purchased equipment for $130,000 cash. Issued $14 par preferred stock for cash. Cash received from sales to customers of $35,000. Cash paid to vendors, $17.000. Sold building for $ 19,000 gain for cash. Purchased treasury stock for $28,000. Retired a notes payable with 1,250 shares of the company's common stock Print Done Click to select your answer(s).
Answers
Here is how each transaction would be categorized in the statement of cash flows:
a. Purchased equipment for $130,000 cash.
Category: Investing activity
b. Issued $14 par preferred stock for cash.
Category: Financing activity
c. Cash received from sales to customers of $35,000.
Category: Operating activity
d. Cash paid to vendors, $17,000.
Category: Operating activity
e. Sold building for $19,000 gain for cash.
Category: Investing activity
f. Purchased treasury stock for $28,000.
Category: Financing activity
g. Retired a notes payable with 1,250 shares of the company's common stock.
Category: Non-cash investing and financing activity.
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George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2021, George began working in London (for a total of 214 days in 2021). He worked there until January 31, 2022, when he transferred to Paris. He worked in Paris the remainder of 2022. His salary for the first five months of 2021 was $100,000, and it was earned in the United States. His salary for the remainder of 2021 was $175,000, and it was earned in London. George's 2022 salary from Hawk was $300,000, with part being earned in London and part being earned in Paris. Assume the 2022 indexed amount is the same as the 2021 indexed amount. Assume 365 days in 2021 (a leap year) and 365 days in 2022.
a. Is George eligible for the foreign income exclusion for 2021 and/or 2022? Both years Feedback Check My Work Congress has provided alternative forms of relief from taxes on foreign earned income. The taxpayer can elect either (1) to include the forei income in his or her taxable income and then claim a credit for foreign taxes paid or (2) to exclude the foreign earnings from his or her U.S. income (the foreign earned income exclusion). Carry any fractions out to four decimal places. Round your final answers to the nearest dollar.
b. Determine George's gross income in 2021 and 2022 2021: $ 212,086 X 2022: $ 192,400 X.
Answers
It can be deduced that George is eligible for the foreign income exclusion for 2021 and 2022.
What is foreign income exclusion?It should be noted that the foreign income exclusion isn't compulsory. It's when the foreign income is excluded from ones income.
In 2021, the gross income for George will be:
= $275000 - $63730
= $211270.
In 2022, the gross income will be:
= $300000 - $108700
= $191300
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factorise the following3x^2-18 +24
Answers
Answer:
it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice
An e-commerce manufacturer wants to invest $85000 in making the factory mold for a new product. Each unit will cost $2.10 to make, plus an additional $0.15 in packaging. This good will sell for $30 each but the manufacturer will incur the $5/unit shipping cost.
1. What is the fixed cost?
2. What is the variable cost?
3. What is the contribution margin?
4. What is the break-even point?
5. How many units must be sold to earn $75000 in profit?
Answers
The fixed cost is $85,000.
The variable cost per unit is $7.25.
The contribution margin is $22.75.
The break-even point is 3,736.26.
The units to be sold to have a profit of $75,000 is 7033
What are the cost functions?A fixed cost is a cost that does not change with the level of output of the good produced. Variable cost is the cost that changes with the level of output. Contribution margin is selling price per unit les variable cost per unit. Breakeven point is the point where total selling price is equal to total cost price.
Variable cost = $2.10 + $0.15 + $5 = $7.25
Contribution margin = selling price - variable cost
$30 - $7.25 = $22.75
Break-even point = $85000 / $22.75 = 3736.26
Profit = selling price - cost price
$75,000 = (30y) - ($85,000 + 7.25y)
Where y is the number of units
$75,000 = 22.75y - 85,000
$160,000 = 22.75y
y = 7033
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Brody’s firm produces trumpets in a perfectly competitive market. The table below shows Brody’s total variable cost. He has a fixed cost of $240, and the price per trumpet is $60.
a. Calculate the average total cost of producing 6 trumpets. Show your work.
b.Calculate the marginal cost of producing the 11th trumpet.
c. What is Brody’s profit-maximizing quantity? Use marginal analysis to explain your answer.
d. At the profit-maximizing quantity you determined in part (c), calculate Brody’s profit or loss. Show your work.
e. Brody also produces saxophones at a loss in a perfectly competitive market. Draw a correctly labeled graph for Brody’s firm showing the following at a market price of $200.
- Brody’s profit-maximizing quantity of saxophones
- Brody’s loss, completely shaded
Answers
The given situation is related with allied components of total cost of a trumpet. The answers are:
a) The average total cost of 6 trumpets is $360.
b) The marginal cost of manufacturing the 11th trumpet is $100.
c) Brody’s profit-maximizing quantity is 9 units.
d) At the profit-maximizing quantity in part (c), the Brody’s profit or loss is $ 80.
e) See image.
What is total cost?The total cost represents all the costs incurred by a business to produce a particular level of output. The calculation of this total of fixed and variable costs aids product managers in assessing their overall profit margin.
The said answers are based on the cost concept of micro economics studies made by researchers.
a) The Average total cost (ATC) for 6 trumpets = average variable cost + average fixed cost
ATC ⇒ $120 + $240 = $360
b) Marginal cost of producing the 11th trumpet = Difference between variable cost at 10 units producing and variable cost at 11 units producing. Thus extra unit marginal cost is $100 (390-290)
c) Brody’s profit-maximizing quantity is where the Marginal cost is minimum and the marginal revenue is more than the or equal to marginal cost. At quantity 9 the MR is $60 and $MC is 55 and Profit is $80. (highlighted in image)
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All of the following are reasons for revenue variances EXCEPT ________.
A.) A change in discount structure
B.) A change in input prices
C.) A change in product mix
D.) A change in selling price
Answers
All of the given options are reasons for revenue variances expect B.) A change in input prices.
What is revenue variances?Revenue variances can be described as the tools that is usually used in statistiucs which do help in the process of measurement of the difference between expected and actual sales.
It shpould be noted that the information that an be gotten from there can determine the success of an organization's selling activities , and some of the reasons for this tool are the change in product mix and change in selling price.
Therefore, option B is correct.
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four degrees of competition
Answers
Answer:
There are four types of competition in a free market system:
perfect competitionmonopolistic competitionoligopolymonopolyUnder monopolistic competition, many sellers offer differentiated products—products that differ slightly but serve similar purposes.
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what is the first step in the organizing process? group of answer choices determining the specific activities needed to implement plans assigning work to specific employees grouping work activities into a logical structure coordinating the work of different groups and employees within a firm
Answers
Determining the specific activities needed to implement plans is the first step in the organizing process. Therefore, the option A holds true.
Organizing can be referred to or considered as one of the most integral process involved under the different functions of management. It identifies the plans and then further determines the activities that are to be performed in order to lead to a successful implementation of the plans. In fact, these activities are the initial process in the function of organizing.
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The ________ conflict management style is the only style that creates a true win–win situation for all parties.
collaborating
accommodating
avoiding
compromising
Answers
The collaborating conflict management style is the only style that creates a true win-win situation for all parties involved.
The collaborating style of conflict management involves working together with the other party.
Parties involved to find a mutually beneficial solution to the problem.
This style of conflict management is based on the belief,
That both parties' concerns and interests can be met through cooperation and creative problem-solving.
In contrast, the accommodating style involves giving in to the other party's demands.
While the avoiding style involves simply avoiding the conflict altogether.
The compromising style involves finding a middle ground that partially satisfies both parties' interests.
But it may not fully address their concerns.
Therefore, the collaborating style is the most effective approach to resolving management conflicts, as it allows both parties to work together to find a solution that addresses everyone's needs and interests.
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evergreen corp. issues 10,000, $1,000 face amount bonds. each bond can be converted into 20 shares of common stock. at the bond issue date, the company's common shares trade for $55 per share. at the date of issue, evergreen should recognize an addition to equity of
Answers
The common stock does not provide the corporation with any further benefits. the entire issue is a bond, after all. Bond issuance provides an additional $1 billion in operating funds.
What is common stock?
A security that symbolizes ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership. The rights of common shareholders to a company's assets in the case of liquidation, however, begin only after bondholders, preferred shareholders, and other debt holders have been fully compensated. In the stockholders' equity section of a company's balance sheet, common stock is disclosed.
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Benefits of being a tax compliant
Answers
Tax laws provide for the charging of additional tax and penalties equal to the defaulted amount and interest, where a client fails to adhere to its provisions. In some instances, fines, prosecution and imprisonment may be effected depending on the nature of the default.
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Have a good day
Accenture is helping a major retailer migrate to the Cloud. The client has aggressive timelines and is worried that security will be compromised. How can Accenture help the client?
Answers
Hello. You forgot to show the answer options. The options are:
• Accenture should advise the client to wait until the next phase to implement security controls.
• Accenture should develop a custom solution and suggest a timeline extension.
• Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.
• Accenture recommends that the additional security controls are not needed since the Cloud is secure by default.
Answer:
Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.
Explanation:
Accenture will promote a good management of the retailer's files that will go to the cloud promoting the security that it needs. However, this is a slow process, which requires very delicate and precise protocols, which can cause the implementation of security systems to take months to be ready. However, as the retailer has very tight deadlines, Accenture can develop accelerators that will streamline this process.
True or false: A static budget is being compared to actual activity. The variance is F for net income but U for most expenses. This suggests that actual activity was lower than budgeted.
Answers
Based on the fact that the variance for revenue was favorable and the variance for expenses was unfavorable, this statement is false.
Why is this statement false?If revenue is favorable compared to the static budget and expenses are unfavorable, then it means that there was more activity.
Because there was more activity, the expenses that were budgeted for were less than the actual expenses which is why expenses were unfavorable.
In conclusion, this is false.
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A third-grade bilingual teacher, Mr. Rivas, reads aloud a procedure for a student science investigation. After reading aloud the procedure, he notices that the students are confused about how to begin their investigation. Mr. Rivas then decides to repeat the procedure step-by-step, modifying the language used in the written instructions so that it is more comprehensible to the students. Which of the following does Mr. Rivas best demonstrate by modifying the lesson?
A. Scaffolding instructional technique
B. Reciprocal teaching instructional technique
C. Sheltered English instructional strategy
D. Concept attainment instructional strategy
Answers
Answer:
Sheltered English instructional strategy
Explanation:
Sheltered Instruction
This is simply defined as a devised method to teaching English language learners which uses second language
acquisition strategies along with content area instruction. It is a known way for making grade-level content more available for ELLs while improving English language development.
It uses;
1. Second language acquisition strategies when teaching content area instruction
2. It is Content-based
3. It makes content to be easily understood for EL while developing English proficiency.
4. It does integrate language and content while inputting also socio-cultural awareness.
Sheltered English instructional strategy simply enhance or modifying english and simplify it thereby making the students to understand it.
Explain how the U.S. economic system differs from the economic system in Cuba.
Answers
assuming that investment were to experience a bearish shock of $100, how much would the equilibrium level of income change? (assume a mpc
Answers
In general, how long does it take to accomplish a long-term goal?
A.
a few days to a week
B.
a few weeks to a month
C.
a few months to a year
D.
more than a year
Answers
Answer:
D
Explanation:
long term goals require time and planning.They are not something you can do this week or even this year.Long-Term goals usually take 12 months or more to achieve
ercier owns an apple orchard in north georgia. amanda has permission to come onto the property and take apples, which she sells. this right is known as a(n) .
Answers
The right that Amanda has to come onto Mercier's apple orchard in North Georgia and take apples, which she then sells, is known as a license.
In this scenario, Mercier has given Amanda permission to enter their property and collect apples. This permission is granted through a legal agreement called a license. A license allows someone to use another person's property for a specific purpose, in this case, to pick apples and sell them. By granting Amanda a license, Mercier is allowing her to engage in this activity on their orchard.
It's important to note that a license is different from ownership. Amanda does not own the apple orchard, but she has the right to enter the property and collect the apples as per the agreement with Mercier. This arrangement provides Amanda with the opportunity to make a profit by selling the apples she gathers from the orchard.
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Tennyson's ultimate goal is to work as the CEO of an advertising agency. One of her goals is to "gain the required experience for the position." What type of goal would this be?
OA performance-based
OB. time-based
O C.
OD. long-term
mid-term
Answers
The type of goal that is been used when Tennyson's ultimate goal is to work as the CEO of an advertising agency and one of her goals is to "gain the required experience for the position is B. time-based goal.
What is time-based goal?
Time-based goal can be described as the goal that is been focused so that it can be achieved on a target date, it involve focusing on a particular thing at a time so as to be successful in it.
In conclusion, from the case above , we can see that her goal is to work as the CEO of an advertising agency which is specific and have time.
Therefore, option B is correct.
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Anna got a high-paying job as a lab technician upon graduation. She took
five years to graduate from a public university and did take out a lot of
loans. What kind of return on investment (ROI) does Anna demonstrate?
Can't determine ROI
Negative ROI
Positive ROI
ОО
Neutral ROI
Answers
Answer:
Positive ROI
Explanation:
A positive ROI or positive rate of return occurs when the benefits realized from a project are much more than the costs incurred. Positive implies that a net effect of a number greater than zero.
Anna did not incur a lot of debts while in college. It suggests she controlled her expenses well. Since Anna has a well-paying job, her income and the cost incurred in college compare favorable. Her benefits are more compared to the cost of education.
B- The return on investments (ROI) that Anna should demonstrate is a positive Return on Investment (ROI). This is due to the excess loans taken by Anna during her education before getting the job.
Anna needs to maintain a hefty savings and needs to pay her liabilities in the forms of loans first because she is under obligation of the lending authority to pay for her education loan along with interest accrued.
Anna will not end up saving for herself and her needs if she is unable to save the money after paying her dues towards her loan. She has to make sure a healthy return on investments made by her.Usually an education loan is an expensive loan with higher rates of interests charged by the bank due to shortage of jobs in the economy due to unemployment flair and hence avoiding the risk associated.If her interest rate of loan is around 8% she has to make sure her salary is saving her way more than this loan amount with interest which will be due periodically.Hence, option B is correct that Anna will have to maintain and demonstrate a positive return on investments followed by her high paying job.
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MPUMI BOTTLE Manufacturers Identify the strengths and weakness
Answers
The Strengths:
Experience: MPUMI BOTTLE manufacturers may have extensive experience in the production and distribution of bottles, which can give them a competitive advantage in the market.
Quality Control: MPUMI BOTTLE manufacturers may have strict quality control processes in place to ensure that their products meet high standards of durability, safety, and functionality.
What is the Weaknesses?The Weaknesses:
Competition: MPUMI BOTTLE manufacturers may face intense competition from other bottle manufacturers, both domestic and foreign, which can make it difficult for them to maintain a competitive advantage.
Dependence on Raw Materials: MPUMI BOTTLE manufacturers may be heavily dependent on the availability and price of raw materials, such as plastic, glass, and metal, which can affect their production costs and competitiveness.
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