Answer:
There will be $92,635.42 in the account after 15 years.
Explanation:
Missing question <em>"The interest rate is fixed at 2.05%"</em>
As the employer does a 50% match on the employee’s investment, the monthly contribution to the retirement plan will be = 2 * $220 = $ 440.
The future value (F) of an annuity is given by F = (P/r)[(1+r)n-1]
P is the periodic payment
r is the rate per period
n is the number of periods.
P = 440, r = 2.05/1200 and n = 15*12 = 180.
F = (440*1200/2.05)[ (1+2.05/1200)180 -1]
F = (528000/2.05)*0.359664042
F = 92635.4215493
F = $92635.42
Thus, there will be $92,635.42 in the account after 15 years.
Answer: Open shop
Explanation: An open shop can be defined as a place, in which an individual is not obligated to join or support a union for the purpose of employment. In simple words,in such a system the employees are not required to join the labor union .
In the given case, Dave is not required to join the union that is representing the workers of the organisation. Hence, we can conclude that the state in which Dave works allows open shop.
Answer: Henry's boss, Jacob is right.
Explanation: Jacob is right, he should not give Henry another week off because the work done by Henry before is part of the past and is not valid for a binding contract. Past considerations cannot be invoked in a binding contract
Answer:
b.$6.00
Explanation:
The contribution margin is the difference between the sales and variable cost. The difference between the unit sales and unit variable cost thus gives the contribution margin per unit.
Total variable cost per unit includes both direct and indirect cost.
variable cost per unit = $1.50 + $1.20 + 0.90 + 0.40
= $4.00
contribution margin per unit
= $10.00 - $4.00
= $6.00
Answer:
The correct answer is letter "C": B2B; B2C.
Explanation:
A Business-to-Business (B2B) approach implies companies dealing between them. Goods are provided from manufacturers to retailers for the commercialization of the product. The Business-to-Customers (B2C) approach, instead, takes place when companies directly offer the product to the final user involving an investment of the firm in customer service.