1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iris [78.8K]
4 years ago
14

Which of the following is a disadvantage of profit sharing plans? Group of answer choices Employees must trust that management w

ill accurately disclose financial and profit information. Employees are taxed heavily on the income that they generate from profit sharing plans. Employers get little or no rebate on income tax for choosing profit sharing plans. Employees cannot access the funds that they receive from profit sharing plans for up to three years.
Business
1 answer:
tatuchka [14]4 years ago
8 0

Answer:

The correct answer is letter "A": Employees must trust that management will accurately disclose financial and profit information.

Explanation:

Profit-sharing plans are retirement plans that allow only employers to make contributions to the plan. Those contributions are allocated according to the profits the company earns by quarter or year. The firm creates a calculation method to determined what amount is going to be provided to each employee. Then, workers rely on the company's integrity to disclose the true amount of revenue it generated over the past period, and according to it allocate compensations for workers responsibly.

You might be interested in
On January 1, Year 1, Ballard company purchased a machine for $28,000. On January 1, Year 2, the company spent $7,000 to improve
timofeeve [1]

Answer:

$23,520

Explanation:

The computation of book value of the machine is shown below:-

Machine cost                           $28,000

Less: Depreciation                    $4,200

($28,000 - $2,800) ÷ 6

Book Value at beginning

of Year 2                                    $23,800

Add: Improvements                   $7,000

Total                                             $54,600

Less: Accumulated

Depreciation for 3 years            $31,080

($54,600 - $2,800) × 3 ÷ 5 years

Book Value Dec 31, Year 4         $23,520

3 0
4 years ago
"Price gouging" is when a seller responds to high demand by charging as much as they possibly can, even if that price exceeds wh
Kamila [148]

Answer:

Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.

From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.

Explanation:

Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.

From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.

6 0
3 years ago
Assume that production will increase to 32,000 jars of salsa during june. by how much will the production cost increase compared
VikaD [51]

For every jar Neha buys, she spends $0.95, and buying 9 jars in total, she pays $8.55 in total.

$0.95 x 9 jars = $8.55

For every jar Neha buys, she spends $0.95, and buying 9 jars in total, she pays $8.55 in total.

Learn more about cost here brainly.com/question/14358130

#SPJ1.

6 0
2 years ago
Assume for this question that herman has 55 employees. when herman asks sally about jake's ability to see, what would be conside
Serhud [2]
<span>Herman would have to take action if he find's out from Sally that Jake has a visual impairment. He would have to consider whether or not he could reasonably make changes that would allow Jake to still do his job, or if the needed changes would cause an undue hardship on the business.</span>
7 0
3 years ago
Clampett, Inc. converted to an S corporation on January 1, 2018. At that time, Clampett, Inc. had cash ($40,000), inventory (FMV
Lubov Fominskaja [6]

Answer

The answer and procedures of the exercise are attached in image below.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

7 0
3 years ago
Other questions:
  • A product mix is the combination of ___________ offered by a manufacturer. product lines loss leaders unsought goods and service
    6·2 answers
  • Which of the following statements is true of customer relationship management? A. It is most extensively used by production-orie
    9·1 answer
  • The market system is also known as ________, while the command system is also known as ________.
    11·1 answer
  • Josiah emptied his piggy bank and discovered he had 35 coins consisting of dimes and nickels. If the total amount of money he ha
    11·1 answer
  • Inés is ready to begin her career as a chemist. She worked hard to learn as much as she could about her profession.
    13·2 answers
  • Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process
    9·1 answer
  • 2+5=32<br> 4 how is he 5 at the same time
    8·1 answer
  • Tate Industries stock is selling for $20 a share. You would like to purchase as many shares of this stock as you can. Your margi
    15·1 answer
  • ¿Por que se debe generar alianzas con proveedores y clientes para cuidar el medio ambiente?
    6·1 answer
  • What are the concerns in cash management, and how does cash management iss help financial managers?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!