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
vfiekz [6]
3 years ago
11

Axe company sponsors a 401(k) profit sharing plan with no employer match, but the company did make noncontributory employer cont

ributions because the plan was top-heavy. Jack quit today after six years working for Axe and has come to you to determine how much of his retirement balance he can take with him. The plan uses the least generous graduated vesting schedule available. What is Jack’s vested account balance if he has been a participant for 57 months
Business
1 answer:
il63 [147K]3 years ago
8 0

Answer:

$30,000

Explanation:

Given the following information:

Employer Contributions = $9,000

Employee Contributions = $12,000

Earnings = $4,000 + $5,000

Jack should be given 100% of his contributions and the earnings of those contributions due to the vesting schedule, which he is entitled to because he has only worked for 6 years.

You might be interested in
if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the
stira [4]

Revised Sales revenue (1,000 + 150 units = 1,150 * $35)           $40,250

Less: Reised Variable costs ($21 + $1 = $22 * 1,150)                  ($25,300)

Revised Contribution Margin                                                   $14,950

Less: Revised Fixed costs ($8,400 + $1,250)                          ($9,650)

Net operating income                                                                   $5,300

Fixed costs remain the same for a period of time. Variable costs increase or decrease depending on the performance of the company. Examples of fixed costs are rent, taxes, and insurance premiums.

Variable costs are costs that change with changes in quantity. Examples of variable costs include raw materials, parts labor, production materials, handling charges, shipping charges, packaging materials, and credit card fees. In some fiscal documents, the variable cost of production is called the "cost of goods sold."

Learn more about Variable costs at

brainly.com/question/5965421

#SPJ4

4 0
1 year ago
Which of the following is a type of program that is designed to collect information about you and send it to a remote user witho
Olenka [21]
Are there choices for this question?

6 0
3 years ago
Money that can be easily divided into smaller units of value has the characteristics of
Anna007 [38]
A) Divisibility can easily be divided into smaller value.
8 0
3 years ago
Read 2 more answers
Managers who practice total quality management_______(A) invest more resources at the front end of the value chain in research a
kirza4 [7]

Answer:

The answer is A) invest more resources at the front end of the value chain in research and development and design to produce a superior product.

Explanation:

Total quality management is a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.

8 0
3 years ago
There are many account representatives who can help you with your order is an example of a cliche.
kenny6666 [7]

The statement"There are many account representatives who can help you with your order is an example of a cliche." is FALSE.  This is further explained below.

<h3>What are account representatives?</h3>

Generally, A professional who typically works on teams that are responsible for providing customer support and creating relationships is known as an Account Representative. They bring in revenue through establishing new customer connections and fostering those that are already in existence. They collaborate with clients on an as-needed basis throughout each step of the development process.

In conclusion, The convenience factor is one of the many benefits that listeners may get from podcasting as a form of advertising.

Read more about account representatives

brainly.com/question/27098701

#SPJ1

6 0
1 year ago
Other questions:
  • You are employing two dish washers at $12 per hour with each working 10 hours per week.You learn about a new automatic dishwashi
    10·2 answers
  • The price tag on a tennis ball in 1975 read $0.10, and the price tag on a tennis ball in 2005 read $1.00. The CPI in 1975 was 52
    13·1 answer
  • Set during the marketing research process, __________ are the specific, measurable goals the decision maker seeks to achieve in
    5·1 answer
  • Explain the role of specialization and division of labor in product​
    10·1 answer
  • The following information is available for Sage Hill Corporation for the year ended December 31, 2022.
    8·1 answer
  • A newspaper article announced that Connect Wireless, the sixth-largest wireless carrier in a country, was changing its name to M
    5·1 answer
  • Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check
    5·1 answer
  • The differences between small data and big data for companies
    15·1 answer
  • Highly anxious drivers have significantly longer_____ Times as tasks increased in difficulty
    6·1 answer
  • Perhaps the most important reason that u.s. companies have moved industrial production abroad is?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!