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1)You've just retired with $1

Finance

1)You've just retired with $1.5 million. If you expect to live for 30 years and to earn 8% a year on savings, how much can you withdraw each year? Assume you withdraw at the start of each year.

a) 112,148.50

b) 120,000.00

c) 123,371.44

d) 133,241.15

2)Your retirement account has a current balance of $50,000. You plan to add $6000 at the end of each year for the next 30 years. How much can be accumulated in the account at the end of the 30 years? Interest rate is 9%.

a) 817,845

b) 867,845

c) 1,481,229

d) 1,554,835

3)Current marketing situation Federation University?

4)Home and Beyond company has sales of $2850, costs of goods sold of $2190, and accounts receivable of $433. If it takes 73 days on average to sell the inventory, what is the company’s average inventory.

5)Assumes that your firm has total sales of $4740, total costs of $2540, and depreciation of $473. The corporate tax rate is 22 percent. If your firm’s cash coverage ratio is 11, then what is the total interest paid?

 

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1.

Given that,

Amount available PV = $1500000

expected withdrawals N = 30

Interest rate r = 8%

Withdrawals are made at start of the year

So, annual withdrawals can be calculated using PV formula of annuity due:

PMT = PV*r/((1+r)*(1 - (1+r)^-N)) = 1500000*0.08/((1 - 1.08^-30)*1.08) = $123371.44

So, option c is correct.

2.

We use the formula

A=P(1+r/100)^n

Where A=future value

P=present value

R=rate of interest

N=time period

Hence future value of 50,000=50,000*(1.09)^30

=50,000*13.2676784691

=$663,383.923455

Also:

Future value of annuity=annuity[(1+rate)^time period-1]/rate

=6000[(1.09)^30-1]/0.09

=6000*136.3075385456

=$817,845.2312736

Hence total future value=663,383.923455+817,845.2312736

=$1481229(approx)

3.

The University has a long tradition as one of the oldest higher education institutions in Australia. We have a long history in education and training and are marking our 150th anniversary in 2020. In January 2014, we became Federation University of Australia.

The following major were highlighted in the current Marketing scenario

  • Rankings and legacy -  Students studying at Federation University earn the highest quality teaching in Australia, according to the Strong University Guide 2021 scores. In addition, for the second year in a row, Federation University graduates are more likely to get a full-time job and receive a higher starting salary than any other Victorian university graduate.
  • Industry-relevant programs IRPs - Applicants are regularly reviewed to ensure that they have national and international significance. The University's strong ties with major industries play an important role in the design and academic rigour of programmes that will greatly support new graduates.

  • Personalised teaching -;A customised learning style in a welcoming atmosphere helps our students to interact effectively with academic staff and other students. Our class sizes are also smaller than other metropolitan schools, which means that you can obtain one-to-one assistance directly from your instructor or teacher.

  • High quality resources

  • Student diversity

  • supportive environment- The International Student Support Team offers advice and support through a variety of services and support options, including the Peer Support Network , social events and information, and individual assistance.

  • Pleasant climate

  • Quality campus life

  • Affordable living, commuting and leisure expenses in a quality atmosphere that is suitable for studying, learning and living in Australia. A wide variety of accommodation options available

Among the major focus on marketing activities the University emphasises upon

  • With a clear emphasis on raising the profile of Federation University, they are designing and implementing integrated marketing strategies to engage a cross-section of business audiences-from prospective students and alumni to global scholars.

The goal is to help Federation University, a new, inclusive university, in the transformation of life and the strengthening of communities.

Marketing partners with stakeholders to create brand awareness, share test outcomes, student and alumni progress.

4.Sales = 2,850

COGS = 2,190

Account Receivable = 433

DIO or Days Inventory Outstanding = 73 days

Using DIO formula: DIO = Average Inventory / (COGS / Total Days)

Assuming 365 days as Total number of periods (some people use 360 days)

=> 73 = Avg Inventory / (2190 / 365)

=> Avg Inventory = 73 * 2190 / 365

Average Inventory = $ 438

If we change the number of days to 360, then

Average Inventory = 73 * 2190 / 360 = $ 444.1

Since the number of days to be considered in not specified, hence, answer has been calculated using both widely followed practices. Please consider the answer that is line with your institution practices.

5.Please use this google drive link to download the answer file.       

https://drive.google.com/file/d/1BEPy06O60ZY8INDL2pV0nd4Vz3FE56oB/view?usp=sharing

Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process. 

https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link