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In: Accounting
Prof. Business wants a 22-year retirement annuity that begins 9 years from today with an equal annual payment equal to $115,000 today inflated at 2.5% annually over 9 years. Her first retirement annuity payment would occur 9 years from today. She realizes her purchasing power will decrease over time during retirement.
Prof. Business currently has $660,000 in her University retirement account. She expects these savings and any future deposits into her University and any other retirement account will earn 8% compounded annually. Also, she expects to earn 7% annual return after she retires.
Prof. Business now wants to consider retiring two years earlier in 7 years and will deposit her required University contributions each year as in question 4 and will deposit and additional $14,400 at the end of each year for the next 7 years (first deposit totals $35,400). Also, she will require a 24-year retirement annuity.
Answer from #4:
| Value of retirement account after investment period | 1951366.329 |
| Amount of annual investment | $50,612.24 |
Questions:
a) How much money will Prof. Business have in her retirement account immediately after her last deposit 7 years from today?
b) What would be the equal annual payment from her 24-year retirement annuity whose first payment occurs exactly 7 years from today?
Please show work and functions on an excel spreadsheet.
In: Finance
7) US per capita beef consumption is four times the world’s average.
T/F
8) In an “Oligopoly” market structure the demand curve faced by an individual producer is “horizontal.
T/F
9) In the US, chicken industry, contracting (between packing plants and farms) represents less than 90% of total plant purchasing of chickens.
T/F
10) Currently, the largest importer of US agricultural products is China. 11) The US agricultural Trade balance is negative.
T/F
12) Income is a demand shifter.
T/F
13) Five Rivers is a company belonging to JBS.
T/F
14) Most of white corn produced in the US is grown under contracts.
T/F
15) TDA checks the accuracy of supermarket scanners in Texas.
T/F
16) More of the 30% of US beef production is exported.
T/F
17) Cotton is the top agricultural commodity produced in Texas (by
value) 18) US beef exporters will prefer a “stronger’ US Dollar
T/F
19) If demand cross price elasticity is positive, those products are substitutes.
T/F
20) Developed countries will represent most of the future global
demand for grain products.
T/F
In: Economics
Did you know that many companies are now asking their entire accounting and finance staff to sign off on the accuracy of their work for quarterly financial reporting? This is a relatively new trend where even "lower level" employees are signing these internal company documents. This then goes up the hierarchy chain to the highest level, CEO and CFO. Why are companies going to the lowest levels in the organization to do this now? What are some pros/cons of this approach?
In: Finance
In: Economics
: What aspects of cash flows is part of the financial manager's responsibility?
Elaborate on the financial management function. In particular, the inter-relationships between the CEO, and its reporting lines under CFO; who are the ultimate boss for CFO, and CFO responsibilities to the real boss?
If you are CFO of a big blue-chip company and would like to issue a bond (borrowing), what are the macro economic factors and others you will consider before the issuance of the bond?
In: Finance
In: Statistics and Probability
Imagine you are the Chief of Human Resources for a global corporation with operations in three different countries. The CEO of the company wants you to come up with a new compensation plan based on the labor markets of the three (3) countries where the employees live and work, rather than basing it on the parent country’s labor market.
What are some of the biggest advantages and disadvantages of setting up a compensation system like this?\
Please in your own word!
In: Operations Management
In: Economics
You start a new job at a company that has been run the same for
the past decade. You are asked to write a report to the CEO briefly
analyzing the most important recent changes in the international
country of your choice. You should provide two recent changes for
each category.
a.
Economic
b.
Social
c.
Political
d.
Technological
e.
Ecological
Support your findings with statistics such as GDP, unemployment etc.
In: Operations Management