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klasskru [66]
3 years ago
8

A 401(k) plan is a type of _____

Business
2 answers:
Katen [24]3 years ago
8 0
Is a retirement savings plan<span> sponsored by an employer.</span>
Arada [10]3 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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Which of the following are characteristics of a project team?
finlep [7]

Characteristics of a project team are team meetings happen virtually or face to face.

<h3>Project team: What does that mean?</h3>

A project team or team is described as "an interdependent collection of individuals who work together towards a similar goal and who share responsibility for specific results of their organizations" in a project.

The five jobs that make up a project team—project manager, project team member, project sponsor, executive sponsor, and business analyst—are explained here, along with an explanation of each one's duties. Depending on the situation, a small business might have just one staff that works on many tasks. The group, for instance, might be working on a new product the following day after spending the previous day at a trade fair gathering sales leads.

To know more about project team visit:

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6 0
1 year ago
In the Excel, or spreadsheet, approach to recording financial transactions, if manufacturing overhead is underapplied by X dolla
Tatiana [17]

Answer:

False.

Explanation:

To close the underapplied Manufacturing Overhead account requires that the Cost of Goods Sold is debited, say with $100 while the Manufacturing Overhead account is credited with the same amount.  Underapplied Manufacturing Overhead account means that a debit balance is left after applying the overhead to production.  To close this debit, therefore, a credit entry is required to the manufacturing overhead account.  The corresponding debit entry goes to the Cost of Goods Sold, or this may be apportioned among Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process, as may be the case.

5 0
3 years ago
A severe freeze has once again damaged the Florida orange crop. The impact on the market for orange juice will be a leftward shi
mezya [45]

Answer:

C. Supply Curve

Explanation:

Supply : Quantities sellers are able & willing to sell at a price , period . Determinants :  Price (price supply direct relationship - upward sloping curve) , Inputs Price , Other goods price , Technology , Govt Policy , Seasonal factors .

Change in supply due to Price is 'Change in Quantity supplied' , leads  to movement along the curve . Change in Supply due to other factors is 'Change in Supply' & shifts the curve

Damage of orange crop will decrease its supply & hence derived supply of its by product orange juice .

Since the decrease in supply is due to other (seasonal) factor , it will shift the supply curve - decrease it & leftward shift . This supply deficiency leads to excess demand raising the equilibrium prices finally .

5 0
3 years ago
The gdp deflator for this year is calculated by dividing the using by the using and multiplying by 100. However, the cpi reflect
leonid [27]

The GDP deflator for this year is calculated by dividing the used by the using and multiplying by 100.  However, the CPI reflects only the prices of all goods and services; therefore the correct option is True.  

The GDP deflator for this year is determined by multiplying by 100, then dividing the value of all goods and services produced in the economy this year at prices from this year by the value of all goods and services produced in the economy this year at prices from the base year. The CPI, however, only includes the costs of all consumer purchases of goods and services.

The CPI, a different economic term used to describe the consumer price index, and the GDP deflator are closely related. The GDP deflator can determine if there was inflation or deflation in the national economy for a specific year by using the CPI.

Therefore the correct option is True.  

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6 0
1 year ago
On December 31, 2016, Ditka Inc. had Retained Earnings of $285,800 before its closing entries were prepared and posted. During 2
lakkis [162]

Answer:

<u>Closing Entries Dated 31, 2016</u>

                                            Dr.             Cr.

Closing Income Accounts

Service revenue            $186,100

Interest revenue            $90,300

Income Summary                             $276,400

Closing Expense Accounts

Income Summary           $153,400

Supplies Expense                            $96,900

Advertising expenses                      $18,200

Salaries and wages                         $21,000

Income tax expense                        $17,300

Closing Income Summary Account

Income Summary           $123,000

Retained Earning                             $123,000

Closing Dividend Account

Retained Earning           $7,800

Dividend                                           $7,800

Explanation:

All the Income and Expenses accounts are closed to Income summary account. The net balance of income summary account is transferred to retained earning account. The dividend balance is also transferred to retained earning account to close it. Ultimately all the balances are netted off in retained earning account.

8 0
3 years ago
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