1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mazyrski [523]
2 years ago
5

Frank is considering a new job. However he is concerned about his pension fund. He knows that ________ which is the requirement

that he must work for his firm for a specified period of time prior to gaining ownership of the retirement contributions made by his employer has to be met first. Question 58 options: tenuring certifying vesting validating None of these
Business
1 answer:
Vera_Pavlovna [14]2 years ago
6 0

Frank is considering a new job. However he is concerned about his pension fund. He knows that​ Vesting which is the requirement that he must work for his firm for a specified period of time prior to gaining ownership of the retirement contributions made by his employer has to be met first.

<h3>What is a Vesting?</h3>

“Vesting” in a retirement plan means ownership. This means that each employee will vest, or own, a certain percentage of their account in the plan each year. An employee who is 100% vested in his or her account balance owns 100% of it and the employer cannot forfeit, or take it back, for any reason.

Participants in a defined-benefit retirement plan need to understand the plan's vesting schedule so they know when they are eligible to receive full benefits. Pension vesting for employer contributions in a private pension plan is set by federal law and follows either a cliff vesting or a gradual vesting schedule.

Governmental and church pension plans are not subject to ERISA regulations. Exceptions to ERISA and breaks in your employment record with an employer can alter vesting and the amount of pension you're entitled to.

Learn more about Vesting Pension on:

brainly.com/question/13671110

#SPJ4

You might be interested in
Stan wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in
Wittaler [7]
<span>25 years: No Payment, but total is 250000
6 months earlier. Payment of "P". It's value 1/2 year later is P(1+0.03)
6 months earlier. Payment of "P". It's value 1 year later is P(1+0.03)^2
6 months earlier. Payment of "P". It's value 1½ years later is P(1+0.03)^3
6 months earlier. Payment of "P". It's value 2 years later is P(1+0.03)^4

</span><span>We need to recognize these patterns. Similarly, we can identify the accumulated value of all 50 payments of "P". Starting from the last payment normally is most clear.
</span>
<span>P(1.03) + P(1.03)^2 + P(1.03)^3 + ... + P(1.03)^50
 That needs to make sense. After that, it's an algebra problem.
 P[(1.03) + (1.03)^2 + (1.03)^3 + ... + (1.03)^50]
</span>
P(<span><span>1.03−<span>1.03^51)/(</span></span><span>1−1.03) </span></span>= <span>250000</span>
8 0
3 years ago
During the 1990s, several airlines were on the brink of bankruptcy. These same airlines were giving away millions of dollars in
lara [203]

Answer:

Assuming that the elimination of frequent-flyer programs would have enabled the airlines to earn higher profits and remain in business, then it would be a purely good idea for the airlines to eliminate their frequent-flyer programs.

The big question is, how much did the frequent-flyer programs cost the airlines?  Would the cost-savings be sufficient to eliminate their bankruptcies?  It is a known-fact that the airlines that create such programs always recover the program costs by charging higher fares.

Explanation:

The issue of airlines going bankruptcy does not seem to stem from customer-loyalty programs like the frequent-flyer programs.  The root cause lies in operational and other costs that airline managements have not been able to control.

4 0
2 years ago
Krista's dry-cleaning business incurs $900 per month in fixed costs. Last month her total output was 3,000 pounds of clothes. Th
nikdorinn [45]

Answer:

increased; 3.33 cents

Explanation:

Fixed cost is cost that doesn't vary with unit produced. It remains constant

Average fixed cost = Fixed cost/ output

Average fixed cost last month = $900 / 3000 = $0.3

Average fixed cost this month = $900 / $2700 =$ 0.333

Average fixed cost this month ($0.333) is greater than Average fixed cost last month by $ 0.333 - $ 0.3 = $ 0.033 = 3.33 cents

I hope my answer helps you

3 0
3 years ago
Smith, a single individual, made the following charitable contributions during the current year. Smith’s adjusted gross income i
pishuonlain [190]

Answer:

A) $7,000

Explanation:

Smith can deduct the $5,000 he donated to the church he attends. The art work donated to the local museum must be deducted at its basis, which is $2,000. Since he only purchased the painting 4 months before, the price increase will be considered a short term capital gain. Donated short term capital gain property must be deducted at basis.

The $1,000 he donated to the needy family is not deductible, since it wasn't a qualifying organization.

3 0
3 years ago
The accountants hired by the Brookside Racquet Club have determined total fixed cost to be $75,000, total variable cost to be $1
sammy [17]

Answer:

C. Stay Open because Shutting Down would be More Expensive

Explanation:

Although it is quite obvious that in the short-run the business is not breaking even, based on the available options, staying open will be the best current course of action. Staying open and seeing if the trend of things change in coming fiscal years or financial periods will be better than shutting down.

Shutting down takes alot of processes that are quite expensive. Some of the processes include

  • The Decision to Close  
  • File dissolution documents
  • Cancel registrations, permits, licenses, and business names
  • Comply with employment and labor laws
  • Resolve financial obligations
  • Maintain adequate records

These processes are expensive and since the business does not know what is causing  the inability to cover its entire costs, it should investigate and find ways of increasing its total revenue to cover its entire costs before deciding to shut down completely.

a. Shut Down- Shutting Down is More Expensive

b. Exit the Industry- There isn't enough information to know exactly why the business is not making a profit

6 0
3 years ago
Other questions:
  • The market potential is equal to the​ ________, or the sales limit approached by company demand as company marketing effort incr
    15·1 answer
  • The dividend growth model can be used to value the stock of firms that pay which type of dividends?I. Constant annual dividendII
    5·1 answer
  • The International Property Right Index scores countries based on the legal and political environment and how well property right
    11·1 answer
  • On december 31, slugger batting cages company decides to trade in one of its batting cages for another one that has a cost of $5
    13·2 answers
  • Which term describes the cost to replace property minus the deduction for depreciation?
    5·1 answer
  • Tronnes Corporation's net income last year was $1,750,000. The dividend on common stock was $2.60 per share and the dividend on
    13·1 answer
  • g Operating activities: Multiple Choice Are the means organizations use to pay for resources like land, buildings and equipment.
    14·1 answer
  • What is the present value of $5,000 received 5 years from now if the discount rate is 5% (rounded to the nearest dollar?a. $6,38
    5·1 answer
  • The most important part about having an effective organizational culture is to:
    5·1 answer
  • What is one cost of avoiding insurance?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!