Ask Question
BusinessBusiness
18 September, 11:10

Bruce and Christopher are both retiring from Best Conditioning Company. They both should have the same amount of money in their retirement funds regardless of the lifestyle they expect during retirementTrueFalse

+5
Answers (1)
  1. 18 September, 11:35
    0
    False

    Explanation:

    The money that people have in their retirement funds depends on the percentage of the income that they contributed with and the performance of the investments. Because of this, the statement is false because Bruce and Christopher may be both retiring from Best Conditioning Company but it is possible that their contributions to the fund were different which makes that the amounts in their retirement funds differ.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Bruce and Christopher are both retiring from Best Conditioning Company. They both should have the same amount of money in their retirement ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What term is used to identify weather conditions at a particular location over a long period of time?
Answers (1)
Different prices are commonly charged to different groups of consumers for tickets at movie theaters, whereas the groups are charged the same prices for food and candy at the concession stands.
Answers (1)
Exercise 7-3A Allocate costs in a basket purchase (LO7-1) Red Rock Bakery purchases land, building, and equipment for a single purchase price of $360,000.
Answers (1)
During the initial homeowner meeting, the designer ascertains the homeowner's preferences, financial constraints, and any special needs. A. TRUE B. FALSE
Answers (1)
Firm A and Firm B have the same total assets, ROA and profit margin. However, Frim B has a higher debt ratio and interest expense then Firm A. Which of the following statements is correct? A.) Firm B must have a higher ROE than first A. B.
Answers (1)
New Questions in Business
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Answers (1)
Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
Describe how legal contracts provide incentives for people to exchange goods and services
Answers (1)
List four wan technologies that are carried over the pstn.
Answers (1)
Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth
Answers (1)
Home » Business » Bruce and Christopher are both retiring from Best Conditioning Company. They both should have the same amount of money in their retirement funds regardless of the lifestyle they expect during retirementTrueFalse
Sign Up Forgot Password?