Pension plans are a type of retirement plan in which the employee and employer make contributions. These contributions are invested and to be received upon retirement. In most all cases pension plans are tax exempt. The two types of pension plans are defined benefit plans and defined contribution plans. A defined benefit plan guarantees an amount upon retirement no matter how the investment performed. A defined contribution plan is not a guaranteed amount and heavily depends on the investment performance.
Answer:
D. $11,843.37
Explanation:
We will adjust by inflation the principal, and then calculate the interest.
Inflation is 0.025 every six month, and it is compounding interest.
Our rate will be for six month as well. Because TIPs pay interest semianually as well.
11,843.36903
Answer:
The correct answer is letter "A": having proven technological expertise and an ability to churn out new and improved products on a regular basis.
Explanation:
Resources are all those components that organizations use for production. Mostly known as the factors of production they are:
- Land: <em>physical territory where the company handles its operations including its raw materials.
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- Capital: <em>monetary resources, machinery, </em><u><em>technology</em></u><em>, and buildings. Social and intellectual capital.
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- Labor: <em>people performing physical and intellectual work.
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- Entrepreneurship: <em>innovation to use the land, capital, and labor at its maximum level possible.</em>
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Therefore<em>, technology is a source useful for production from where companies can create other goods. Combined with expertise it could represent a competitive advantage that allows firms to outstand.</em>
Answer:
In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):
source of cash.
Explanation:
Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.
Answer:
Income = $30,000
Explanation
<em>Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product </em><u><em>with he highest contribution per unit of the scare resource</em></u>
Product Cont/unit machine hr /unit cont/hr Ranking
A $8 2 hrs $4/hr 2nd
B $18 3 hrs $6/hr 1st
<em>Hence the company should allocate the resource to the product B</em>
<em>Hence the total contribution</em>
= 5000 hrs × $6 per hr.
= $30,000
Income = $30,000
