The False statement is " An annual financial report must be filed with the state of California's Department of Insurance "
Explanation:
The 1974 Employee Retirement Income Protection Act is a federal tax and labour statute on pension schemes in privately owned industry. This provides guidelines on the federal revenue tax effects of employee benefit arrangements activity.
Congress has promulgated ERISA to create a uniform federal legislation regulating benefit arrangements for workers. ERISA restricts states ' ability to enforce laws on welfare benefits for workers, including health insurance coverage provided by the government.
Under ERISA, a social welfare plan is an employer's medical, surgical or hospital care plan, program or fund to provide. Sickness benefits, injury benefits, disability insurance or death benefits. Payments for unemployment.
Because the private sector is much larger than the public sector, it dominates the economy.
Capitalism is a monetary gadget in which capital items are owned by personal individuals or groups. The manufacturing of products and services is based totally on deliver and demand in the general market, rather than thru central planning.
Influenza A & B ! i’m not sure though !
Answer:
What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? The firm's APR of not taking the trade credit is <u>0.1613</u>.
Explanation:
The nominal cost of its non-free trade credit = the discounts lost for paying late.
In this case, the seller offers a 3% discount if the firm pays within 15 days.
annual financial cost = [discount / (100% - discount)] x [365 / (repayment time - discount period)]
annual financial cost = [3% / (100% - 3%)] x [365 / (85 - 15)] = (3% / 97%) x (365 / 70) = 0.1613 or 16.13%
Answer:
increase by $11,000
Explanation:
The computation of net operating income is shown below:-
Revenue = Sales per unit × Sales price per unit
= 3,000 × $70
= $210,000
Less variable costs = Sales per unit × Variable cost per unit
= 3,000 × $50
= $150,000
Fixed costs = $25,000
Net income = Revenue - Less variable costs - Fixed costs
= $210,000 - $150,000 - $25,000
= $35,000
Contribution margin per units = $70 - $50
= $20
Increase by 10%, it will be
$20 × (1 + 0.1)
= $22
If it decrease by 20%
= $25,000 × (1 - 0.20)
= $20,000
Net income = $3,000 × 22 - 20,000
= 46,000
So it was 35,000, with the changes it is 46,000. That increase by $11,000