Cash balance plan is a retirement plan where workers are credited with a part of their pay annually and a predetermined rate of interest.
<h3><u>What is a Cash balance Plan?</u></h3>
A defined-benefit pension plan with a lifetime annuity option is referred to as a "cash balance pension plan."
<h3><u>What are some features of Cash balance plans?</u></h3>
- Based on defined-benefit needs, the financing caps, funding requirements, and investment risk are established.
- Like a defined-contribution plan, this type of plan is managed on an individual account basis.
- The advantage of these programs is that age-based contribution caps are available.
- Pretax contributions enable those 60 and older to save significantly more money each year than younger people.
You can learn more about defined pension plans work using the following link:
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Answer:
Explicit costs are the monetary costs that a business incurs when it makes a payment, either in the form of wages, or taxes, or to manufacturers, etc.
Implicit costs are the opportunity costs that arise when businesses give up on other options when making a choice. They are not represented by any actual payments.
In this case, we have the following explicit costs:
$420,000 paid to the manufacturer
$247,000 paid in wages and utility bills
And we have the following implicit costs:
$9,000 in rent per year if Hubert rented out the local
$32,000 per year if Hubert worked as a financial advisor
Answer:
MRPL= $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
Explanation:
The computation of unionized is shown below:-
Marginal revenue product of labor = Marginal product × Price per unit
Workers Total Production Marginal Product MRPL
(per day)
a b b × $8
0 0
1 200 200 $1,600
2 350 150 $1,200
(350 - 200)
3 450 100 $800
(450 - 350)
4 500 50 $40
(500 - 450)
5 525 25 $200
(525 - 500)
6 510 -15 -$120
(510 - 525)
From the above table MRPL = $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
Answer:
the correct answer to this question is the "Country Club Leadership Style". However, what you should remember is that you might come across different names for this such as "Laizes Faire Leadership", etc...
Explanation:
In this style of leadership, the main assumption is that wen the employee are happy, they will naturally work better for the company. However, lack of regulation and guidance may end up with a not-so-well disciplined work force and usually this style does not work with every type of employees.
Moreover, this style focuses more on creating a safe working environment with minimal conflict.
Answer:false
Explanation:
The current gdp of us is estimated to about $21427.1 billion.
So if beer market is estimated to be $106 billion, the percentage is ($106/$21427.1)*100
= 0.004947*100
=0.4947%
0.497% is not up to 2%
