John has just retired with an investment portfolio equal to $1 million. he plans on using the 4% capital balance approach to retirement distributions. he also plans on distributing the amount in one lump sum at the beginning of the year. his first year, he distributes $40,000 to live on, in addition to his other income. however, the market takes a significant decline and his portfolio loses 20%. his second year, after he takes his distribution, his portfolio takes another decline of 20%. how much can he take in the third year if he is sticking with the 4% method? round to the nearest thousand

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.