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1 year ago

Employer-sponsored retirement plans requiring a minimum length of time of service to participate are.

1 answer:

4 0

Employer-sponsored retirement plans that require a minimum length of service to participate are a 401(k) plan whose length of service is 2 years of service for eligibility.

Corresponds to an employer-sponsored retirement savings plan after a minimum 2-year service period for the employee to be eligible. Its benefits are the reduction of taxable income, that is, income contributions are made before taxation.

Therefore, the traditional 401(k) plan has the benefits of choosing the investment, reducing negative risks related to financial losses.

Find out more about retirement plans here:

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The Better Building Company has a contract to build a building for $100 million. The estimate of the cost of the project is $75

Leni [432]

Answer:

$10 million

Explanation:

Calculation for the reported profit for the first year of the contract

Using this formula

Reported profit=(BB Costs/Project cost estimate)×(Building contract-Project cost estimate)

Let plug in the formula

Reported profit = ($30 million / $75 million)×($100 million – $75 million)

Reported profit=0.4 million ×25 million

Reported profit= $10 million

Therefore the reported profit for the first year of the contract will be $10 million

5 0

3 years ago

Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $172,000 with terms of 2/15, n/45. Payment was made within the

DIA [1.3K]

Answer:

$184,260

Explanation:

Total cost of draw press is $172,000 and if it paid 15 days, there will be a discount of 2% and it is paid within the discount period

The discount is = $172,000 * 2/100 = $3,440

Total amount that would be capitalized is:

= ($172,000 - $3,440) + $4,600 + $11,100

= $168,560 + $4,600 + $11,100

= $184,260

So, the capitalized cost of the 10-ton draw press is $184,260

Note:

- The shipping costs and installation cost will be capitalized

- The cost of insurance in transit and cost incurred to remove a section of a wall will be capitalized as well as they are included in the cost above already

7 0

3 years ago

You own 100 shares a $50 par value preferred stock. The stock has a 12% dividend rate, and a current market price of $85 per sha

andriy [413]

Answer:

Option (a) is correct.

Explanation:

Value of stock:

= Present value of all cash flows

$=Dividend[\frac{1-\frac{1}{(1+r)^{n} } }{r}] + Par\ value[\frac{1}{(1+r)^{n} }]$

$=50\times 0.12[\frac{1-\frac{1}{(1.08)^{5} } }{0.08}] + 50[\frac{1}{(1.08)^{5} }]$

= $6 × 3.9927 + $50 × 0.6806

= $23.96 + $34.03

= $57.99 or $58

5 0

3 years ago

The rise of fast-food restaurants, such as McDonald's, made it easier for families to go out to eat rather than preparing their

liberstina [14]

Answer:

These are the options for the question:

a. lowering GDP

b. raising GDP

c. leaving GDP unchanged

And this is the correct answer:

b. raising GDP

Explanation:

Going out to eat at a fast food restaurant such as McDonald's is usually (not always) more expensive that buying groceries, and preparing meals at home. This means that eating out increases spending, raising GDP.

Eating out also increases spending on gasoline, tips to waiting staff, and even on merchandise, because it is frequent that parents buy toys to kids while eating out. All this actions contribute even more to increasing GDP.

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2 years ago

Which of the following budgets is prepared before the preparation of the production budget? a. Sales budget b. Cash budget c. Di

Gekata [30.6K]

Answer:

a. Sales budget

Explanation:

Sales Budget is the starting point for the Budgetary process. The sales budget projects the number of units to be sold to meet the firms targets.

These units will then need to be used to populate the production required by the firm to meet its sales needs <em>plus</em> any inventory balances.

4 0

3 years ago