You have just turned 22 years​ old, received your​ bachelor's degree, and accepted your first job. now you must decide how much money to put into your retirement plan. the plan works as​ follows: every dollar in the plan earns 6.6 % per year. you cannot make withdrawals until you retire on your 65th birthday. after​ that, you can make withdrawals as you see fit. you decide that you will plan to live to 100 and work until you turn 65. you estimate that to live comfortably in​ retirement, you will need $ 115 comma 000 per​ year, starting at the end of the first year of retirement and ending on your 100th birthday. you will contribute the same amount to the plan at the end of every year that you work. how much do you need to contribute each year to fund your​ retirement? your annual contribution should be ​$ nothing.

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Magine you work for the worldwide tire and rubber company as a marketing executive. you have just been informed that a new tire made by your company has a very slight chance of resulting in a blowout which could cause a serious accident. the engineering division assures you that the total number of people that could be hurt by this product defect is at most 5. the problem has been corrected, but there are still 5 million of your tires out there with this slight defect. the legal department asserts that it would be cheaper to do nothing and see what happens. if 5 people are injured, the maximum cost to the company would be approximately $20 million in settlements. the product recall of 5 million tires: scenario a: would cost at least $500 million, would generate a huge amount of bad publicity that would hurt future sales, and the effect on the price of the stock would be devastating to shareholders. certainly, there would be no money for executive bonuses. what are the alternatives? what are your recommendations? why do you recommend this course of action? scenario b: would bankrupt the company and 3,000 employees will lose their job. what are the alternatives? what are your recommendations? why do you recommend this course of action?

If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.