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Cerrena [4.2K]
3 years ago
7

Describe the difference between a 401(k) plan and an Individual Retirement Account.

Business
2 answers:
natita [175]3 years ago
8 0

The difference between a 401(k) plan and an individual retirement account is that almost anyone can open up an IRA, but only employees can enroll in 401(k) plans. The amount you can contribute to a 401(k) is larger than what you can contribute to an IRA. A 401(k) plan often has a feature called company match, where as an IRA does not.

nadya68 [22]3 years ago
4 0
401(k) is an employer-provided plan, IRA isn't.
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Parsons Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last
arsen [322]

Answer:

option (C) 32,750 hours

Explanation:

Data provided in the question:

Actual manufacturing overhead cost = $250,000

Overapplied overhead = $12,000

Predetermined overhead rate = $8.00 per direct labor-hour

Now,

The total Manufacturing Overhead applied last year

= Actual manufacturing overhead cost + Overapplied overhead

=  $250,000 + $12,000

= $262,000

Therefore,

Direct Labor Hours worked last year = \frac{\textup{Total Manufacturing Overhead applied}}{\textup{Predetermined overhead rate}}

or

=  \frac{\textup{262,000}}{\textup{8}}

= 32,750 hours

Hence,

The correct answer is option (C) 32,750 hours

6 0
3 years ago
. As a wholesaler of all kinds of paper supplies, Ajay owns a paper mart in Chawri Bazar, in Delhi. He meets the demands of the
Fiesta28 [93]

Answer:

A Wholesaler and Retailers

A. Various types of services Ajay is providing to the retailers are:

1. Procuring variety of papers from different manufacturers.

2. Undertaking advertisement and other sales promotional activities to the benefit of retailers.

3. Extending credit sales to retailers.

4. Providing marketing guidance to retailers.

B. Two services that Ajay is extending to the manufacturers as well are:

1. Providing wider market for manufacturers by purchasing in bulk.

2. Helps the manufacturers to distribute their goods.

Explanation:

As a wholesaler, the business acts as the middleman between the paper manufacturers and the retailers.  The wholesaler purchases paper in bulk from the manufacturers, thereby encouraging them to produce more.  He enables retailers, who are at the grassroots, to gain access to a variety of the manufacturers' products at small quantities.  He also helps in the distribution of goods.

3 0
3 years ago
Ruby Harper is the grants and services director for the Greater Columbus Arts Council. Recently, she posted to her blog that she
steposvetlana [31]

Answer:

True

Explanation:

Intrinsic rewards are basically non-tangible rewards that an individual feels and likes, e.g. sense of accomplishment, personal achievement, feeling proud, sense of pleasure, etc.

On the other hand, extrinsic rewards are tangible and generally include a salary bonus, a gift, public recognition or award,etc.

6 0
4 years ago
A very popular fast food restaurant is presently staffed with three cash register attendants that are taking orders. Upon enteri
MissTica

Answer:

True..Hope thats the answer...

8 0
3 years ago
DW has an ending Retained Earnings balance of $51,100. If during the year DW paid dividends of $4,300 and had net income of $22,
ANEK [815]

Answer:

C. $32,900

Explanation:

The computation of the beginning retained earning balance is shown below"

As we know that

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$51,100 = Beginning retained earning balance + $22,500 - $4,300

$51,100 = Beginning retained earning balance + $18,200

So, the beginning retained earning balance would be

= $51,100 - $18,200

= $32,900

8 0
3 years ago
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