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
Alex Ar [27]
3 years ago
8

Mike just started working for a company that maintains a defined benefit retirement plan. If Mike terminates his employment with

in the first two years, he forfeits his retirement. If he stays for three years, he will be entitled to receive 20% of the funds provided to him in the account. If he is employed with the company for 6 years, he will be entitled to receive 80% of the funds.
What type of vesting schedule is used at Mike's company?
Business
1 answer:
Naddik [55]3 years ago
5 0

Answer:

According to the Mike´s company benefits, the vesting schedule used is graded.

Explanation:

A vesting schedule is a benefit program provided by a company to encourage its employees´ loyalty through providing them unconditioned property rights over their retirement funds and/or shares after a certain labored period.

This program is detailed through percentages that are stablished according to the set types of vesting periods terms as follows:

1. Graded vesting schedule which increasingly vests over the determined worked time.

2. Cliff vesting schedule which after a employees´specific time working enables him/her to full property of his/her assets.

But if the employees´ pre-stablished working period is not fullfilled the company is not required to meet the vesting schedule originally set and could buy back shares.

Companies and employees validate this agreement writing a vesting certificate or letter which will ensure that the transfer will be made from part to part accordingly.

You might be interested in
An increase in supply for corn is greater in magnitude than the increase in the demand for corn. As a result, the equilibrium pr
V125BC [204]

Answer:

Equilibrium price will DECREASE and equilibrium quantity will INCREASE

Explanation:

6 0
2 years ago
Oh no! You bounced a check. You must pay _____________, fill in the blank, to the business you wrote the original check to.
Marina CMI [18]

Answer:

bank fees

Explanation:

3 0
2 years ago
It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the own
leva [86]

Answer:

internal and external data

Explanation:

Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.

Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.

External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

4 0
2 years ago
PLEASE HELP ASAP
ioda
It would have to be  E 
3 0
3 years ago
Read 2 more answers
The manager of the manufacturing unit of a company is responsible for the costs of the manufacturing unit. The president is in t
trasher [3.6K]

Answer:

AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows

VC Problems : Doesn't include fixed cost, incomplete expenditure, incomplete financial (accounting) statements.

Explanation:

Average Cost is the cost per unit off output.

Problems with AC as a performance measure :

  • It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
  • It's variance analysis during production & cost phases is very complicated.
  • It's result are deviant as evident from cash flows.

Variable Cost is the cost incurred on variable factors of production.

Problems with VC as a performance measure :

  • It doesn't include fixed cost. So, it is not a correct measure of complete total expenditure.
  • Fixed costs are huge. No financial inclusion of them makes accounting information unreliable (for legal purposes)
6 0
3 years ago
Other questions:
  • A period of very low inflation would most likely lead to
    11·2 answers
  • In the fall, Jay Thompson decided to live in a university dormitory. He signed a dorm contract under which he was obligated to p
    7·1 answer
  • The practice of comparing a company with its prior performance or with best practices from other companies is called A. benchmar
    11·1 answer
  • Net exports might be a negative amount if Americans
    6·1 answer
  • On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost
    14·1 answer
  • Sprint Planning is the only occasion where the Development Team estimates the Product Backlog Items A. True, because without est
    13·1 answer
  • In a bad news message the reasons for the decision
    13·1 answer
  • Advantages of getting a loan from the government
    15·1 answer
  • something people buy to protect themselves from losing a lot of money in the event something happens to them or their property i
    5·1 answer
  • In local news, Judge Roberts ruled that the Corp Company is guilty of causing ____________ damage to nearby waterways. She has o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!