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Afina-wow [57]
1 year ago
13

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

Business
1 answer:
nikitadnepr [17]1 year ago
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.

<h3 /><h3>What is the 401(k) plan?</h3>

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:

brainly.com/question/3090325

#SPJ1

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Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new mod
lys-0071 [83]

Answer:

$126

Explanation:

We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.

Selling price per unit                                        $260

Less

estimated return (260x30%) =                    ($78)

Labor costs                                                    ($32)

Overhead costs                                            ($24)

Material                                                              $126      

Amount Mira can pay for Synthetic material per unit is $126

               

6 0
2 years ago
The scenario below should be used for the following two questions. Your company, Johnson Farm Products, has decided to expand it
rewona [7]

Answer:

Education and communication

Explanation:

Education and Communication is the method to be used. Communicating the reasons behind a change can reduce employee resistance on two levels.

First, it prevents misinformation and poor communication: If employees receive the full facts and clear up misunderstandings, resistance should subside.

Second, communication can help portray the need for change by packaging it properly.

7 0
2 years ago
On January 15, 2020, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2024, at an
Andreyy89

Answer:

Annual deposit (PMT) = $1,567,060.39

Explanation:

Given:

Future value of annuity due = $8,000,000

Rate of interest(r) = 10% = 0.1

Number of year (n) = 4 year

Annual deposit (PMT) = ?

Computation of annual deposit :

Future\ value\ of\ annuity\ due = PMT [\frac{(1+r)^n-1}{r} ](1+r)\\\\8,000,000 = PMT [\frac{(1+0.1)^4-1}{0.1} ](1+0.1)\\\\8,000,000 = PMT [\frac{(1.1)^4-1}{0.1} ](1.1)\\\\8,000,000 = PMT [\frac{(0.4641}{0.1} ](1.1)\\\\8,000,000 = PMT [5.1051]\\PMT = 1,567,060.39

Annual deposit (PMT) = $1,567,060.39

6 0
3 years ago
Tulip Corporation purchased equipment for $ 54 comma 000on January​ 1, 2017. On December​ 31, 2019, the equipment was sold for $
Digiron [165]

Answer:

Gain/loss= $1,000 loss

Explanation:

Giving the following information:

Original price= $54,000

Accumulated depreciation= $28,000

Seling price= $25,000

The gain or loss from selling an asset depends on the book value.

Book value= original price - accumulated depreciation

Book value= 54,000 - 28,000= 26,000

If the selling price is higher than the book value, the company gain from the sale.

Gain/loss= 25,000 - 26,000= $1,000 loss

6 0
3 years ago
The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,600; Equipment,
Galina-37 [17]

Answer:

Explanation:

The preparation of the post-closing trial balance is presented below:

                                        Hilltoppers Corporation

                                     Post-closing trial balance

Particulars                                      Debit                        Credit  

Service revenue                                                               $14,600  

Cash                                               $3,600

Accounts Payable                                                           $1,600

Utilities expense                            $2,600

Salaries expense                           $9,600

Equipment                                      $15,600

Common stock                                                                 $12,000

Retained earnings                                                            $4,400

Dividend                                         $1,200                                    

Total                                               $32,600                     $32,600

4 0
2 years ago
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