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Mashcka [7]
3 years ago
7

The manager of your company's pension fund is compensated based entirely on fund performance; he earned over $1.2 million last y

ear. As a result, the fund is contemplating a proposal to cap the compensation of fund managers at $100,000. Provide an argument against the proposal.
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

The compensation to the fund manager is based on the performance of the pension fund. If the fund performs well and earns significant profit, then the compensation to the mangers should increase.  

If it incurs losses, then the argument for capping the compensation of funds managers will gain ground. Note that the manager is being paid according to the pay-for-performance scheme. Thus it is unjustified that his compensation is reduced when there is no significant evidence that his performance was responsible for the poor performance of the fund. The manager has earned over $1.2 million last year. Hence fixing the compensation of managers to $100,000 should be considered only when the fund has under performed drastically. Without such evidence, such capping will only demoralize them and the profitability of the company will fall.

Explanation:

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Joel klippert developed a business plan, found funding, and risked his time, effort, and money to start kliptech to manufacture
Wittaler [7]
Klippert is best described as a SOLE PROPRIETORSHIP.
A sole proprietorship business is also called a one man business. In this kind of business formation, the owner of the business is responsible for starting the business and getting it ruining. The owner draws up the business plan, get the capital and see to the day to day activities of the business.

5 0
3 years ago
Kendra has a babysitting business that she earns $6 per hour she babysits. She already has $50. She wants to earn enough to buy
daser333 [38]

Answer:

50 hours

Explanation:

Let x represents the number of hours that Kendra needs to work

She gets $6 for one hour so for x hours

6x

She already have $50 so add it  

6x + 50

She wants to have a total of $350 so equation becomes

6x + 50 = 350

Now lets solve this equation

6x = 350 - 50

6x = 300

x = 300/6

x = 50 hours

So Kendra have to babysit for 50 hours so that she can buy a new phone for $350

8 0
4 years ago
James wants to take out a loan. He can afford to make monthly payments of 200 dollars and wants to pay the loan off after exactl
MA_775_DIABLO [31]

A  = $250000 * (1 + 0.06/12)^(12 * 1/6)  

≈ $252506.25

4 0
4 years ago
You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accoun
LuckyWell [14K]

Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.

<h3 /><h3>What is Accounting?</h3>

Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.

T Accounts should be made as follows.

Assets

DR $1500 Computers

DR $650 Furniture

DR $334 Van Payment

Expenses

DR $420 Office Supplies

DR $250 Electric Company

DR $100 Water

DR $250 Office Supplies

Petty Expenses

DR $150 Steak House

DR $100 Fuel Stop

The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.

Learn more about Credit card at brainly.com/question/27123519

#SPJ1

6 0
1 year ago
Macroeconomics studies all of the following EXCEPT which one?
KatRina [158]
D. why a specific consumer made a specific choice
6 0
4 years ago
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