Which one of the following statements concerning interest rates is correct?

Differentiate between a defined contribution pension plan and a defined benefit pension plan. Explain how the employer's obligat

serg [7]

Answer:

Differences Between a Defined Contribution Pension Plan and a Defined Benefit Pension Plan.

With a defined contribution pension plan, the benefit that will accrue to the employee is not known or defined ahead of her retirement. But the contributions that will be made by the employer and the employee to fund the pension are clearly spelt out.

With a defined benefit pension plan, the benefit (i.e. the monthly payment to the retiree) is stated ahead of the pension time. It is based on the employee's tenure and salary. Employees do not contribute to the plan but are entitled to lifetime monthly payments.

Explanation:

The employer and each employee contribute some certain percentages to each worker's individual retirement account (IRA) under the defined contribution pension plan. Under the defined benefit pension plan, the employer is solely responsible for funding the plan and the employee benefits via a monthly payment from the funding plan during retirement.

3 0

3 years ago

Michael's Machine Shop reports the following information for the quarter.

Mandarinka [93]

Answer:

a. $26

b. $23

c. $34

d. $29

e. $21

f. $11

g. $14

h. $11

Explanation:

a. Variable cost per unit.

Variable cost per unit = Variable Manufacturing Costs + Variable Non - Manufacturing Costs

= $12 + $9 + $2 + $3

= $26

b. Variable production cost per unit.

Variable production cost per unit = Variable Manufacturing Cost

= $12 + $9 + $2

= $23

c. Full cost per unit.

Full cost per unit = Manufacturing and Non - Manufacturing (Variable and Fixed)

= $12 + $9 + $2 + $3 + $47,500/23,750 units + $142,500/23,750 units

= $12 + $9 + $2 + $3 + $2 + $6

= $34

d. Full absorption cost per unit.

Full absorption cost per unit = Variable Manufacturing Costs + Fixed Manufacturing Costs

= $12 + $9 + $2 + $6

= $29

e. Prime cost per unit.

Prime cost per unit = Direct Manufacturing Costs'

= $12 + $ 9

= $ 21

f. Conversion cost per unit.

Conversion cost per unit = Direct Labor Costs + Overheads Costs

= $9 + $2

= $11

g. Contribution margin per unit.

Contribution margin per unit = Sales - Variable Costs

= $ 40 - $26

= $ 14

h. Gross margin per unit.

Gross margin per unit = Sales - Full absorption cost per unit

= $40 - $29

= $11

3 0

3 years ago

A nation reaches its steady state equilibrium when

lana66690 [7]

Consumption is maximized

4 0

3 years ago

Sally lee, the engineering manager, delegates tasks as a good manager should. However, mark hayes, the engineering director, has

miv72 [106K]

Answer:

The definition becomes defined in the clarification paragraph below, according to the particular circumstance.

Explanation:

As either the engineering boss, I believe Sally knows her technical employees better upon where people choose and hate about either the meetings that have been taking place. She understands that her workers like freedom but also that requesting them should report periodically or daily will potentially hinder their efficiency, and also some waste work and attention.
Therefore, Sally can find some middle ground path somewhere, practically. She might make an option in which those her boss, Mark Hayes, the director of engineering, including her staff should be satisfied with the conclusion reached. Sally would invite Mark please hold a regular meeting to provide a more excellent method rather than just group communication. Any efficiency improvements barely alter a day, cost too much, and often waste precious time. She should indeed, lift all the questions concerning her workers as well as the negatives involved with either the regular interactions.
She could also ensure fine to measure throughout her workers to hold regular sessions because it will encourage the business to always have a daily transcript of the conversation the week before and whether performance might be enhanced within this meeting can already be covered.

7 0

3 years ago

or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit

sergiy2304 [10]

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:

housing
apparel
transportation
education and communication
other goods and services
recreation
medical care
food and beverages

a. Education

b. housing

c. transportation

d. food and beverages

e. recreation

f. medical care

5 0

3 years ago