Your job pays you only once a year for all the work you did over the previous 12 months. today, december 31, you received your salary of $52,000 and you plan to spend all of it. however, you want to start saving for retirement beginning next year. you have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.2 percent per year. your salary will increase at 3 percent per year throughout your career. how much money will you have on the date of your retirement 40 years from today? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.