An employee's funds grow tax deferred in the plan. They don't pay taxes on investment earnings until they withdraw their money from the plan. An employee will pay income taxes and possibly an early withdrawal penalty if they withdraw their money from the plan.

Explanation:

I hope this helps. :D

8 0

3 years ago

You work in the finance division of a company listed in the Stock Exchange. You have just learned that your supervisor has been

stepladder [879]

Answer:

Yes it is.
Ethical issue ⇒ Insider Trading.

Explanation:

Trading on the stock exchange is supposed to be as fair as possible so that every investor has a fair chance of making returns. If a person - like this supervisor - is using information that is material but not publicly disclosed yet to trade on markets, the fairness of the market is compromised because the person will have an edge over other investors which will enable them make unfair profits.

Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.

Insider trading is not only unethical but also highly illegal. Reporting your supervisor can get them sent to jail.

8 0

3 years ago

Innovative Tech Inc (ITI) uses the percentage of credit sales method to estimate bad debts each month and then uses the aging me

Nutka1998 [239]

Answer:

The answer is given below;

Explanation:

1. $100,000*.5%=$500

Bad Debt Expense Dr.$500

Allowance for Bad Debt Cr.$500

2. 1-30 days $75,000*10%=7,500

31-90 days $10,000*20%=2,000

More than 90 days $4,000*40%=1,600

Total Allowance for Doubtful Accounts-Closing=$11,100

3. Adjusting entry for December 31,2013

Opening Balance ($1,600)

Closing balance $11,100

Allowance for the year $9,500

Bad Debt Expense Dr.$9,500

Account Receivable Cr.$9,500

4. Allowance for Doubtful Accounts $11,100

8 0

4 years ago

If Crusoe increases production of berries from 42.0 pounds to 52.0 pounds and production is efficient, his opportunity cost of

sergeinik [125]

Crusoe's opportunity cost for producing a pound of berries would be 0.4 pounds of fish.

<h3>What is the opportunity cost of the fish?</h3>

This can be found as:

= Change in quantity of fish / Change in quantity of berries

Solving gives:

= (30 - 26) / 52 - 42

= 4 / 10

= 0.4 pounds of fish

Find out more on opportunity cost at brainly.com/question/1549591.

#SPJ1

3 0

2 years ago