Assume that you are planning on retiring in 30 years, and that you decide to open a retirement account and deposit $5,000 in the account every year (as in the previous problem, use the end of the year convention). Once you retire, you start making annual withdrawals of $40,000 from the account (again, use the end of the year convention). Assuming the account is earning 6% rate of interest, how many years will it take, after you retire, before the funds in your account are completely exhausted

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

What should a food worker use to retrieve ice from an ice machine?

Aminor has the legal right to repudiate