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Mike Polanski is 30 years of age and his salary next year will be $41,000. Mike forecasts that his salary will increase at a steady rate of 5% per annum until his retirement at age 60. If the discount rate is 8.5%, what is the PV of these future salary payments? If Mike saves 5% of his salary each year and invests these savings at an interest rate of 8.5%, how much will he have saved by age 60? If Mike plans to spend these savings in even amounts over the subsequent 20 years, how much can he spend each year? please show the excel formulas
jensen company has the following situationsales price 40 per unitvariable cost per unit 25 per unitfixed costs
The income statement of a proprietorship for the month of December indicates a net income of $75,000. During the same period, the owner withdrew $100,000 in cash from the business for personal use.
It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year?
adirondack paper mills inc. has paper plants in augusta maine and tupper lake new york.nbsp warehouse facilities are
On December 21, 2006, Bucky Katt Company provided you with the following information regarding its trading securities. December 31, 2006 Investments (Trading) Cost Fair Value Unrealized Gain
The company's beta is 1.25, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?
There were no sales from Pot to Skillet.Intra-entity sales had the same markup as sales to outsiders. Pot still had40% of the intra-entity sales as inventory at the end of 2011. What areconsolidated sales and cost of goods sold for 2011?
on june 1 2012 andre company and agassi company merged to form lancaster inc. a total of 907000 shares were issued to
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
Prepare journal entries for investments using the fair value and the equity method. How does it relate to the practice of accounting and its uses in business?
Calculate the amount of accumulated depreciation to be debited or credited in the preparation of the 2009 consolidated balance sheet.
Which of the following costs would most likely be classified as variable assuming the account analysis method is used to determine cost behaviors?
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