It is 2016, you’ve just graduated college, and you are contemplating your lifetime budget. You think your general pre-retirement living expenses will average around $50,000 a year. For the next 8 years, you will rent an apartment for $16,000 a year (assume end-of-period payments). At the end of Year 8, you will want to buy a house that should cost around $250,000. In addition, you will need to buy a new car roughly once every 10 years, starting now and continuing for the next 50 years, costing around $30,000 each. In 25 years, you will have to put aside around $150,000 to put a child through college, and in 30 years you’ll need to do the same for another child. In 50 years, you will retire and will need to have accumulated enough savings to support roughly 20 years of retirement spending of around $35,000 a year on top of your Social Security benefits. The interest rate is 5% per year. What average salary will you need to earn to support this lifetime consumption plan?

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?