Why is it important for someone twenty five years old to start planning for retirement?
What will be an ideal response?
Answer: When you are young your best friend is time. With the time-value-of-money working for you, you can start saving a relatively small amount of money when you are young and accumulate a fairly large amount of money by the time you retire. If you wait until later in life to start saving for retirement, you would need to save a dramatically larger amount to even come close to the younger saver. This represents an opportunity cost of a lower standard of living for the older saver. Starting early, consistently investing in the stock market, and taking advantage of the tax deferred retirement accounts is the smartest thing a young person can do.
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Which of the following is not a task of systems implementation?
a. complete the design contained in the approved systems design document b. write, test, and document the programs and procedures required by the approved systems design document c. complete the preparation of user manuals d. determine, by thoroughly testing the system with programmers, that the system satisfies the programmer's requirements
Aggie, Inc Aggie, Inc purchased a truck at a cost of $12,000. The truck has an estimated salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012. Refer to Aggie, Inc's information presented above, what method of depreciation will maximize depreciation expense in
2011? A) Straight-line B) Double-declining-balance C) Units-of-activity D) All methods produce the same expense in 2011.
Which of the following sentences best expresses the receiver's point of view?
a. I want to take this opportunity to offer my congratulations on your recent promotion. b. A promotion is always great news. c. Congratulations on your recent promotion to regional manager. d. I hear that congratulations are in order!
The swoosh that appears on every Nike product is an example of a ________.
A. brand name B. trade name C. trademark D. label E. copyright