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4 years ago

A 401(k) plan is a type of _____

Business

2 answers:

Katen [24]4 years ago

8 0

Is a retirement savings plan<span> sponsored by an employer.</span>

Arada [10]4 years ago

4 0

A 401(k)plan is a type of retirement savings plan that is funded by an employer. Hope this helps.

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Brenda’s community is suffering as the primary employer has shut down and all workers were laid off. In addition, the price leve

tresset_1 [31]

I would say recession.

6 0

3 years ago

Wimpy Inc. produces and sells a single product. The selling price of the product is $160.00 per unit and its variable cost is $4

Over [174]

Answer:

$570,600

Explanation:

The formula for calculating break-even is:

Fixed Cost / Contribution per unit

The contribution per unit is calculated as, Sales - Variable cost.

Hence the break-even is,

399420 / 112 = 3566.25,

To get this in monthly dollar sales:

3566.25 * 160 = $570600.

Hope this Helps,

Good Luck.

6 0

3 years ago

Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets

ArbitrLikvidat [17]

Answer:

The direct Labor for planning the budget of May would be closest to = $ 6.4 * 6900 = $ 44160

Explanation:

The direct Labor for planning the budget of May would be closest to = $ 6.4 * 6900 = $ 44160

The direct Labor for planning the budget of 6,900 units would be = $ 6.4 * 6900 = $ 44160

The direct Labor for planning the budget of 6,850 units would be = $ 6.4 * 6850 = $ 43840

So the difference between the budgeted direct labor and actual direct labor would be =$ 43840- $43,370 = $ 470

So the difference between the budgeted direct labor for estimated output and actual direct labor would be = $ 44160- $43,370 = $ 790

3 0

4 years ago

Shelley is employed in Texas and recently attended a two-day business conference at the request of her employer. Shelley spent t

yan [13]

Answer:

(E) None of the expenses are deductible by an employee.

Explanation:

Given:

Airfare to New Jersey = $2,000

Meals = $220

Lodging in New Jersey = $450

Rental car = $180

Since, all the expenses here are linked to the activities that are done on the business trip i.e expenses not occurred for the personal benefit or for the personal use.

also, the employees cannot deduct the business expenses.

hence, option (E) is correct

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