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You plan to retire 33 years from now. You expect that you will live 27 years after retiring. You want to have enough money upon reaching retirement age to withdraw RM180,000 from the account at the beginning of each year you expect to live, and yet still have RM2,500,000 left in the account at the time of your expected death (60 years from now). You plan to accumulate the retirement fund by making equal annual deposits at the end of each year for the next 33 years. You expect that you will be able to earn 12% per year on your deposits. However, you only expect to earn 6% per year on your investment after you retire since you will choose to place the money in less risky investments. What equal annual deposits must you make each year to reach your retirement goal?
compute the number of orders placed in the month of january and cash collected in the month of april as details
As part of audit you must assess the operating effectiveness of controls related to the misstatement. What factors would you consider to determine if a deficiency, significant deficiency, or material weakness exists?
The acquisition was made from an outside party. In the current year, how should these intra-entity bonds be accounted for within the consolidation process?
Manufacturing using job costing. In may material requisitions were $50834 and raw material purchases were $35634. The end of month balance on raw material inventory was $5277.What was the Beginning raw material inventory balance?
This year Freeman Steel Company paid Herb Porter wages of $9900. $2800 were paid in TN and the rest in SC. How do I find the FUTA tax on Porter's earnings if SC is a credit reduction state?
CRSL is continuing to re-evaluate all aspects of the business and would like you to look into staffing costs. Below is a summary of monthly staff and customer numbers and staff costs.
Petunia Ltd purchased 75% of the shares of Lavender Ltd for a cash payment a number of years ago, when the retained earnings of Lavender Ltd were €200,000, and the share capital of Lavender Ltd was €100,000.
If Toyota Motor Company receives an order on May 1, begins production on May 19, and ships the order on May 20 immediately following production, then what is the manufacturing cycle efficiency (MCE) ratio?
multiple choice questions on plant assets natural resources and intangibles.1.nbspan analysis of a recent sale of five
The company's ending work in process inventory consists of 8,000 units, 60% complete with respect to materials and 80% complete with respect to conversion costs. If the total cost in this inventory is $200,000 and if the cost for materials is $16 per..
Present the entries to record the following transactions: Received $400 upon sale of supplies, Disposed of the merchandise inventory, receiving $22,000 and Sold the equipment for $3,000.
Salta Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, t..
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