Answer:
An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3% of the average wage times the years of service. The employee can expect to receive __$1,380_____ per year upon retirement.
Explanation:
a) Data and Calculations:
Average wage = $60,000
Number of years worked in the firm = 28 years
Defined benefit pension plan rate = 2.3%
Annual defined benefit pension plan = $1,380 ($60,000 * 2.3%)
Total benefit to be received = $38,640 ($1,380*28) or ($60,000 *28 * 2.3%).
b) This employee is expected to receive the total benefit of $38,640 for serving the firm for 28 long years under the defined pension plan, given the plan rate of 2.3% of the average wage.
Answer:
the inventory turnover is 11
while the average days outstanding is 33 days
Explanation:
<u>inventory turnover:</u>
the amount of times the inventory rotetes (is being sold) during the period
660,000/60,000 = 11
The company sold his invenotry 11 times
<u>days outstanding :</u>
time to sale the entire inventory
if it rotates 11 times per year and the year has 365 days then:
365/11 = 33.18 = 33days
Answer:
c. Senior citizens (65 years and older) - psychographic
Explanation:
This is the sentence that is not correct. Demographic information usually focuses on the external factors of a person. These include age, ethnicity, gender, or location. On the other hand, psychographic information tends to focus on more personal and unique characteristics, such as a person's motivations, beliefs or values. Both of these approaches are useful when approaching the process of segmenting.
Answer:
The correct answer is letter "B": raises the levels of both productivity and income.
Explanation:
The savings rate represents the percentage of money households and organizations keep instead of spending. This behavior is influenced by different social features each population has. In the long run, an increase in the savings rate increases consumption, which leads the demand to increase pushing companies to increase their productivity to meet demand levels.
Companies may need their employees to work overtime or hire more new talents which increase income in the economy. <em>Then, both productivity and income raise on the savings rate raise.</em>
Answer:
Because they are more riskier and have higher rates of return.
Explanation:
