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Anestetic [448]
2 years ago
13

An important consideration for an employee trying to decide whether or not to participate in a nonqualified deferred compensatio

n plan is whether the employee can financially afford to forgo the income currently in order to put it in the plan.
O True O False
Business
1 answer:
Pavlova-9 [17]2 years ago
7 0

Answer:

True

Explanation:

A COMPENSATION is the broad combination of salary and the fringe benefits provided by the employer to the employee. This can help attract and retain employees and increase their motivation to work. A compensation package can include bonuses, health insurance, retirement plans, etc.

Now, a NONQUALIFIED DEFERRED COMPENSATION PLAN is a broad, general description for any arrangement under which the employer and employee agree to, where the employer accepts to pay the employee sometime in the future, permitting employees to elect to forgo income currently earned until a later time or event as stated in the plan.

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Recording partner's original investment Instructions Kimberly Payne and Arionna Maples decide to form a partnership by combining
levacccp [35]

Answer and Explanation:

The Journal entry is shown below:-

Cash A/c Dr, $20,000  

Accounts Receivables A/c Dr, $140,000

($145,000 - $5,000)

Inventory A/c Dr, $101,700  

Equipment A/c Dr, $81,200.

     To Allowance for doubtful Accounts $4,400

     To Payne's Capital A/c $338,500

(Being assets contributed by partner in business is recorded)

For recording the assets contributed by partner in business we simply debited the cash account, accounts Receivables, Inventory and Equipment as increase the assets while we credited the Allowance for doubtful Accounts as it decreasing the assets and Payne's Capital as increasing the stockholder equity.

7 0
2 years ago
Vision Co. manufactures and sells tea, coffee, desserts, shoes, and sporting goods. All of these products are its
Anuta_ua [19.1K]

Answer:

All of these products are its sold under his family brand

Explanation:

In the given question, the Vision co. deals in a variety of products which include tea, coffee, desserts, shoes, and sporting goods.

By sells his company brands, he captures the market area and has created a market position.

And, he promotes his family brand together.

Here, brand means to promote the company goods having a trademark so that the customers attract towards company goods and services by giving them great deals. It is an advertising strategy through which the company can capture its maximum market share.

Hence, All of these products are its sold under his family brand

6 0
2 years ago
Marketing communicators must be good at ________ messages that take into account how the target audience ________ them.
earnstyle [38]
It seems that you have missed the necessary options for us to answer this question, but anyway, here are the answers to complete it. Marketing communicators must be good at ENCODING messages that take into account how the target audience DECODES <span>them. Hope this answers your question.</span>
5 0
2 years ago
Read 2 more answers
Miranda thinks she is ready to invest in the stock market. What should she do to prepare?
laiz [17]
•Make sure she is financially able to cope if losses are made. Investing in stock markets are risky and the money she put in could be lost so she must make sure she has other savings so she doesn't go in debt/bankrupt.

•Research in order to make an informed choice. She could research types of assets, expert advice, and how the investment would be split.

6 0
3 years ago
Read 2 more answers
Which one is the biggest part of your budget fixed or variable cost
VLD [36.1K]
It depends but variable costs are usually associated with unit production like ingredients or materials so fixed costs like capital expenditure might be the larger part of a budget
3 0
3 years ago
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