Ron is 25 years old and is retiring at the age of 65. When he retires, he will need a monthly income of $4,123 for 20 years. If Ron contributes 10% of his monthly income to a 401(k) paying 5. 5% compounded monthly, will he reach his goal for retirement given that his monthly income is 3,142. 23? If he does not make his goal then state by what amount he will need to supplement his income. Round all answers to the nearest cent. A. Ron will meet his monthly goal of exactly $4,123 for retirement. B. Ron will meet his monthly goal of $4,123 for retirement with an excess of $125. 34. C. Ron will not make his monthly goal of $4,123 and will need $359. 74 to supplement his monthly income when he retires. D. Ron will not make his monthly goal of $4,123 and will need $450. 61 to supplement his monthly income when he retires.

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

Atrough in the business cycle occurs when

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.