The Smiths save £32,000 per year for retirement. They are now in their mid-thirties, and they expect to have £1 million in today’s Sterling Pound saved by the time they are in their mid-sixties. If their market interest rate is 7% per year and inflation averages 2% a year, will the Smiths meet their savings expectations?

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)