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Kazeer [188]
3 years ago
3

Determine the maximum annual benefis payable to a participant from a defined benefit plan in the following independent situation

s:a. Frank, age 66, has been a partiipant for 17 years, and his highest average compensation for 3 years is $127,300.b. Ellen, age 65, has bee a partiipant for 9 years (11 years of service), and her highest average compensation for 3 years is $102,600.
Business
1 answer:
Firlakuza [10]3 years ago
4 0

Answer:

a.The maximum annual benefits for Frank is $7500.

b. The maximum annual benefits for Ellen is $11400.

Explanation:

a. The first question requires us to determine the maximum annual benefits payable to a participant from a defined benefit plan. Since we are given that Frank, age 66, has been a participant for 17 years, and his highest average compensation for 3 years is $127,300. We can simply calculate the annual benefit by dividing the highest average compensation for 3 years is $127,300 by the 17 years. Which is 27300/17= 7500 .Therefore the maximum annual benefits for Frank is $7500.

b. The second question requires us to determine the maximum annual benefits payable to a participant from a defined benefit plan .Since we are given the that Ellen, age 65, has been a participant for 9 years (11 years of service), and her highest average compensation for 3 years is $102,600 .We can simply calculate the annual benefit by dividing highest average compensation for 3 years which is $102,600 by 9 years. Which is annual benefit= 102600/9= $11400 .Therefore the maximum annual benefits for Ellen is $11400.

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Answer:

b. commissioner of the General Land Office 

Explanation:

Commissioner of the General Land Office is in charge of public domain lands in the United States.

Comptroller of public accounts keeps account of the states funds and collects taxes.

Attorney general acts as legal advisor to the government.

I hope my answer helps you.

6 0
3 years ago
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If married and unmarried women respond similarly to a sale on perfume, these hypothetical segments fail the ________ criterion f
vladimir1956 [14]

Answer:  Differentiable criterion

                             

Explanation: In simple words, differentiable criterion refers to the phenomenon of market segments in which the producing entity differentiates its product on the basis of different customer base. The base can be set on the criteria of any factor like gender , age group or religion etc.

Under this criterion the producing entity produces the product by taking special considerations to the preferences of that particular customer group. In the given case two separate groups are responding similarly to a single product, hence, it fails differentiable criteria.

4 0
4 years ago
26. An employee at a local clothing store gets 20% for every $100 they sell in clothes. If an
lilavasa [31]

Answer:

$120

Explanation:

The total revenue brought to the company by this employee is:

$350 + $250 = <em>$600</em>

Since he/she earns a 20% commission on the goods sold, this particular employee will receive:

$600 * 0.2 = $120

*0.2 is the multiplier when it's 20%

In other words, he/she earns $20 out of each $100 in sold goods. Since his/hers total sold goods consist out of 6 factors of $100, the same proportion will apply to the commision, that is $20 * 6 = $120.

7 0
3 years ago
________________ software analyzes vast stores of historical business data that have been prepared for analysis in corporate dat
GrogVix [38]

Answer:

Data mining

Explanation:

Data mining software are programs that are used by companies to be able to process and analyze big amounts of information to find tendencies, make predictions and develop more effective strategies. According to this, the answer is that data mining software analyzes vast stores of historical business data that have been prepared for analysis in corporate data warehouses and tries to discover patterns, trends and correlations hidden in the data.

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Anettt [7]

Answer:

Total Assets=$13,500

Explanation:

Assets are items which are used by any company or firm for positive economic value production.

In our problem, we have to find total assets.

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Total Assets=$13,500

8 0
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