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uranmaximum [27]
3 years ago
12

Suppose you have been employed for about a year and a half and have been offered a better job at a different employer. Assuming

you have been taking advantage of the matching 401k plan, what will happen to your 401k if you leave your current job before you are fully vested?
Business
1 answer:
Lyrx [107]3 years ago
4 0
It all depends on the plan document. The plan document will state the waiting period, which can be a year, a vesting schedule, and your rights.

So more information is needed to answer your question. I can say with reasonable assurance you will be entitled to 100% of the money you put directly into the plan. The waiting period and vesting schedule will decide how much you are entitled to of the employers money.
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Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook computers from corporations up
frozen [14]

Answer:

Yes it does as the company expect to pay for the warranty but doesn't know as it may occur or don't dependion upon the notebook hardware and software performance over the 90-days period

Warranty expense 29,500 debit

   Warranty Liability       29,500 credit

Explanation:

We will record a warrant liability for the 5% of the mount sold. As the warranty liability is generated at the time of sale which occur in December

3 0
3 years ago
Job control unionism seeks to achieve all of the following except:A. Increase employee participation and decrease managerial con
Tasya [4]

Answer:

A. Increase employee participation and decrease managerial control.

Explanation:

Unions are basically the key to decrease managerial control as much as possible and increase the power wielded by the workers.

5 0
3 years ago
Which of the following questions is the most appropriate way for a retail associate to understand if a customer prefers inexpens
Aleonysh [2.5K]

Answer:

"What clothing brands do you usually prefer?"

Explanation:

The retail salesman will infer if the customer likes expensive or cheap brands as this person is trained to know the difference in prices of all the brands that the branch sells.

4 0
2 years ago
":Your local travel agent is advertising an upscale winter vacation package for travel three years from now to Antarctica. The p
8090 [49]

Answer:

$85,931.40

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator:

Cash flow in year 0 = $20,000

Cash flow in year 1 = $35,000

Cash flow in year 2 = 0

Cash flow in year 3 = $45,000

Discount rate = $85,931.40

I hope my answer helps you

4 0
2 years ago
Fox Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,150 2 1,030 3 1,520 4 1,880 a.
bonufazy [111]

Answer:

The answer is $4,221.77

Explanation:

Present value = Cash flow/(1+r)^n

where n is the number of years

Cash flow 1:

$1,150/1.11^1

=$1,036

Cash flow 2:

$1,030/1.11^2

=$835.97

Cash flow 3:

$1,520/1.11^3

=$1,111.41

Cash flow 4::

$1,880/1.11^4

=$1,238.39

Present Value of all the cash flows is

$1,036 + $835.97 + $1,111.41 + $1,238.39

=$4,221.77

6 0
3 years ago
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