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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.

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Which of the following best describe the interrelated components of internal control? Risk assessment process, backup facilities
kvasek [131]

Answer:

<em>Control environment; risk assessment process; control activities; the information system, including related business processes; and monitoring of controls.</em>

Explanation:

<em>From the following, the </em><em>OPTION which best illustrates the interrelated components </em><em>of internal control is </em><em>OPTION (C).</em>

Because as we know that interrelated components of internal control consists of co-ordination, as well as handling and controlling the system, taking illustration of the work and making of positive decisions.

So this is the reason OPTION (C) will be the answer, as it also consist all of the components which are present in interrelated components of internal control.

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3 years ago
Creative product differentiation can enable a small business to increase market share.
Harrizon [31]
The answer is "true".
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Copywriters can correlate the visual and headline to the _____ step of the creative pyramid.
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The answer is that Copywriters may correlate the visual and headline to the attention step of the creative pyramid. The Creative Pyramid, refers to the pyramid which first indicates the most news-worthy information, then next is the second to the most important information and lastly, the other general background info of a news story.
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3 years ago
What is the percentage change in the PV of $100 due in 1 year when the interest rate changes from 5% to 10%?
son4ous [18]

Answer:

c. Decreases by 4.5%

Explanation:

Calculation for What is the percentage change in the PV

First step is to calculate the present value when r is 5%

PV = 100 / (1 + 5%)^1

PV = $95.24

Second step is to calculate present value when r is 10%

PV = 100 / (1 + 10%)^1

PV = $ 90.91

Last step is to calculate the percentage change in the PV

Percentage change in the PV = (90.91 - 95.24) * 100 / 95.24

Percentage change in the PV = - 4.55% (Decrease)

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3 0
2 years ago
Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi
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Answer:

A) They would be indifferent, as Sally's income net of costs equals $25,000.

Explanation:

Sally's economic profit = accounting profit - opportunity costs

  • accounting profit = $12,000
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Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.

7 0
2 years ago
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