User Account

All Pages

Calculate the amount of capital Jordan will need

Assignment Help Financial Accounting
Reference no: EM132946219

Question - Jordan, age 46, currently makes $143,000. She expects that inflation will average 2.75 percent for her entire life expectancy. She expects to earn 8.5 percent on her investments and retire at age 65 and live to age 92. She has sent for and received her Social Security benefit statement, which indicated that her Social Security retirement benefit in today's dollars adjusted for early retirement is $20,000 per year. It is reasonable to subtract the Social Security benefit from today's needs because it is inflation adjusted. Calculate the amount of capital Jordan will need at retirement according to the capital preservation method.

Reference no: EM132946219

Questions Cloud

Which is the journal entry to record the payment made : Which is the journal entry to record the payment made within 10? days? A company that uses the perpetual inventory system purchases inventory for $61,000
Find what is the monthly loan payment : What is the monthly loan payment? ou want to buy a car, and a local bank will lend you $30,000. The loan would be fully amortized over 3 years.
How many units should be produced in January : If there were 73200 units on hand on December 31, 2019, how many units should be produced in January 2020 for the company to meet its goals
What is its net income for company xyz : Company XYZ has sales of $6500, total assets of $2950, and an equity multiplier (leverage) of 0.65. If its return on equity is 10%, what is its net income?
Calculate the amount of capital Jordan will need : Jordan, age 46, currently makes $143,000. Calculate the amount of capital Jordan will need at retirement according to the capital preservation method
Compute gross profit for april and ending inventory on april : Compute the gross profit for April and ending inventory on April 30 using the first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average
What is the equivalent annual annuity : The project will generate cash flows of $262 in Years 1-3 and cash flows of $142 in Years 4-6. What is the equivalent annual annuity (EAA) of this project
Describe the three schools of strategy : In chapter four of Strategic Management discusses three schools of strategy.
How much need to save each quarter to reach goal : Construct a one-way data table to perform a what-if analysis by varying the annual investment return between 5% to 12%, with one-percentage-point increment.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare and journalize the entry to record the sale

Journalize the entry to record the sale, assuming double-declining balance method is used. If an amount box does not require an entry

  What are the principle structures inside the core of a cell

What are the primary particular segments of cell dividers in microbes, protists, growths and plants? What are the principle structures inside the core of a cell

  Prepare a balance sheet on the basis of trial balance

Can the financial positions of the two firms be compared assuming that the two firms fall in the same industry - analytical covering the syllabus till Analysis of Financial Statements.

  Determine the expected annual costs due to loss and controls

Suppose a department has determined that some users have gained unauthorized access to the computing system. Managers fear the intruders might intercept or even modify sensitive data on the system. Cost to reconstruct correct data is expected to be $..

  The balance sheet should be prepared

The Balance Sheet should be prepared

  What may be written off over time for tax purposes

Estimated final salvage value of the machine is $120,000.The cost of this asset that, by law, may be written off over time for tax purposes is closest to

  Distinguish between under- and over-applied overhead

Why did company management think it was necessary to install an ABC system? Do you agree with their reasoning? Explain your answer.

  What amount of unrealized gain on biological assets

On Lenny's Llamas income statement for the year ending December 31, 2015, what amount of unrealized gain on biological assets will be reported?

  Record the journal entries on spiniflex pigeons books

Record the journal entries on Spiniflex Pigeon's books for 2005.Spiniflex Pigeon Company owns 90% of the outstanding stock of Waterhole

  What is the taxable income of stu corporation

DRD of $27,000 that includes a dividend of $30,000 from a large publicly-traded domestic corporation. What is the taxable income of STU Corporation?

  Self-employment and employment related

Kyle worked as a free-lance software engineer for the first three months of 2016. During that time, he earned $44,000 of self-employment income. On April 1, 2016, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle..

  Hedge of firm commitment-short in commodity futures

Construct journal entries made on May 1, on May 30 when the futures are selling at $4.80 per unit, on July 29 when the futures are selling for $4.75 per

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd