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alex41 [277]
3 years ago
6

A smaller company with 75 employees wishes to establish a retirement plan. Some of the employees are highly paid, but most are p

art-time low wage earners. The company would like to maximize contributions for the highly-paid employees to keep these talented individuals. The company has erratic cash flow but is profitable overall. What type of retirement plan would be the best for the company
Business
1 answer:
Kipish [7]3 years ago
5 0

Answer:

The correct answer is: Profit Sharing Plan.

Explanation:

A Profit Sharing Plan is a type of retirement plan where employers provide workers contributions based on their income and company's earnings. A Profit Sharing Plan is suitable for companies with changing earnings because in case the firm does not have revenues given a period, the firms are not obligated to provide contributions to its employees.  

The maximum contribution is higher relative to other retirement plans -25% for the Profit Sharing Plan. Top managers would be benefited since they receive higher wages.

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Accounts Randall Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various ag
Crazy boy [7]

Answer:

Explanation:

The journal entry will be:

Debit: Bad debt expense $2500

Credit: Allowance for doubtful $2500

Then, we will calculate the net amount of account receivable that should be included in current assets which will be:

Account receivable = $128000

Less: Allowance for doubtful = $500 + $2500 = $3000

Net amount of account receivable = $125000

8 0
3 years ago
In a flexible budget performance report _____.
natulia [17]

Answer:

b. the budget is adjusted to the actual activity for the period.

Explanation:

A flexible budget performance report is a comparison between actual costs and revenues, and the budgeted income and expenses at the end of a period, based on actual performance.  The report shows the difference between the actual results and the estimated numbers.  Management uses the report to determine if the company's results were in line with management expectations.

The performance report is prepared at the end of a financial period.  It helps the management analyse any major variances between the actual performance at the estimated numbers at the beginning of a period.  The report helps the management identify the companies strong areas, and the sections that need improvements.

3 0
4 years ago
True or False: All investors in a general partnership have full liability for the debts of the business
Olenka [21]

true true true true true

5 0
4 years ago
MC Qu. 01 Darius is considering buying new bedroom... Darius is considering buying new bedroom furniture. Naturally, he compares
marysya [2.9K]

Answer:

the total product offering.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, furniture, computer, soft drinks, motorcycles, shoes, clothes, etc.

A total product offering can be defined as all of the features and attributes of a product that a consumer evaluates when he or she is deciding whether or not to buy a particular product. Some of the important elements of a total product offering are price, convenience, guarantee, warranty, producer's reputation, buyers' past experience, speed of delivery, brand name, package, etc.

In this scenario, Darius wants to buy a new bedroom furniture. Naturally, he compares the various attributes of a product which include types, warranty, reputation, price, product experience, etc.

Hence, all of the components that Darius is evaluating make up the total product offering.

6 0
3 years ago
You would like to filter your large worksheet down to only sales from january. Which action must you take before using the filte
nignag [31]

Before using the filter feature you must make sure your data has no empty rows or columns.

The filter feature "filters" a number of facts based on furnished criteria. The end result is an array of matching values from the original range. In plain language, the clear-out function will extract matching statistics from a set of data by means of applying one or more logical assessments.

A filter is an application or section of code that is designed to look at each entering or output request for certain qualifying criteria and then method or forward it hence. This term become used in UNIX structures and is now used in different operating systems.

Rows are the horizontal lines in the worksheet, and columns are the vertical traces within the worksheet. in the worksheet, the full rows are 10,48,576, whilst the total columns are 16,384. inside the worksheet, rows vary from 1 to 1,048,576, while columns range from A to XFD.

Learn more about filters here brainly.com/question/7411233

#SPJ4

7 0
2 years ago
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