Pete peterson is 66 years old and has just attended his retirement party. he has amassed $1.36 million in retirement savings. he and his spouse have figured out that during retirement they need to withdraw $100,000 at the end of each year from their retirement savings to maintain the standard of living that they would like to have.
1. if they can earn 4% interest on the unspent balance in their retirement account, how many years will it be before their retirement savings are exhausted?
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The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.

1. alwaysrain irrigation, inc. would like to determine capacity requirements for the next four years. currently, two production lines are in place for making bronze and plastic sprinklers. three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers, 180-degree nozzle sprinklers, and 360-degree nozzle sprinklers. management has forecast demand for the next four years as follows: both production lines can produce all the different types of nozzles. the bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers. the plastic injection molding machine needed for the plastic sprinklers requires four operators and can produce up to 200,000 sprinklers. three bronze machines and only one injection molding machine are available. what are the capacity requirements for the next four years? (assume that there is no learning.)