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1 year ago

What is the term used for benefits employees have the right to receive even if their employment ceases?

Business

1 answer:

Reil [10]1 year ago

4 0

Vested benefit term used for benefits employees have the proper to receive even if their employment ceases .

<h2>Vested advantages:</h2>

A benefit that's awarded to an employee as a part of a secured financial package that is made available to any person or organization is referred to as a vested benefit.

Typically, the phrase "vested benefit" refers to the retirement funds that a private may be able to receive after they reach retirement age.

<h3>What does the term "vested" in an employee mean?</h3>

Owning a pension plan is referred to as "vesting."

This implies that every year, a selected portion of each employee's account in the plan will vest, or become their property.

If an employee has full ownership of their account balance, the employer isn't permitted to lose it or take it away for any reason.

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P Company sold merchandise costing $240,000 to S Company (90% owned) for $300,000. At the end of the current year, one-third of

Ganezh [65]

Answer:

Inter-company profit eliminated = $12,000

Explanation:

Given:

Value of inventory = $300,000

Cost of inventory = $240,000

Computation of Profit recognized on sale profit

Profit recognized on sale = Value of inventory - Cost of inventory

Profit recognized on sale = $300,000 - $240,000

Profit recognized on sale = $60,000

Computation of Profit margin:

Profit margin = [60000/300000]×100 = 20%

Profit margin = 20% = 0.20

Computation of closing Inventory :

Closing Inventory = $300,000 (1/3)

Closing Inventory = $100,000

Profit during the year = $ 92,000

Value of inventory = $100,000 (1-0.20)= $80,000

Inter-company profit eliminated= $92,000 - $80,000 = $12,000

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3 years ago

3 Points

Olenka [21]

C. It can guarantee business success

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3 years ago

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Inez transfers property with a tax basis of $200 and a fair market value of $300 to a corporation in exchange for stock with a f

Mila [183]

Answer:

$200

Explanation:

The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.

§351 allows corporations to defer taxes from capital gains (or losses) resulting from the transfer of property in exchange for stocks.

Corporation's tax basis = $200

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Answer:

C) Jean's department has developed a subculture

Explanation:

Based on the information provided within the question it can be said that Jean's department has developed a subculture. This refers to a culture within a larger culture. Which seems to be the case since the company itself focuses solely on low risk taking and high attention to detail. While Jean's department focuses mainly on high team orientation including working together and socializing through various activities.

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Something that credit card commercials don't show you is . ...

ICE Princess25 [194]

The Credit card Commercials do not usually reveal

people making payments for month/year on the credit card purchase.

<h3>What is the usage of commercial credit card?</h3>

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Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.

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