You have 25 years left until retirement and want to retire with $1.1 million. your salary is paid annually, and you will receive $61,000 at the end of the current year. your salary will increase at 4 percent per year, and you can earn a return of 10 percent on the money you invest. if you save a constant percentage of your salary, what percentage of your salary must you save each year?

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?