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LenKa [72]
3 years ago
13

Item 3Item 3 Pension funds are monies put aside by corporations, nonprofit organizations, or unions to fund the financial needs

of their employees, upon retirement.
Business
1 answer:
fredd [130]3 years ago
5 0

Answer:

Pension funds are contribution set aside by employers paid into a Pension Fund Administration (PFA) company for the purpose of retirement.

Explanation:

Pension funds are monies credited into the Individual Retirement Savings (IRS) Account by the employer, with a focus on providing financial comfort to the employees at retirement.

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The following transactions occurred during July:
grin007 [14]

Answer:

b. $1,655

Explanation:

Calculation for What was the amount of revenue for July

Cash for services $1,090

Add Services provided on credit $565

Revenue $1,655

($1,090+$565)

Therefore the amount of revenue for July will be $1,655

5 0
3 years ago
Vito is the sole shareholder of Vito, Inc. He is also employed by the corporation. On June 30, 2020, Vito borrowed $8,000 from V
otez555 [7]

Answer:

The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.

If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020

for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40

3 0
3 years ago
Indicate the most useful scenario to use for each of these market baskets. Consumer Price Index: Examining price changes that mi
Helga [31]

Answer:

Consumer Price Index -  Measuring the cost of living for a typical consumer.

The CPI is a measure of the change in price of a basket of goods and services most commonly bought by an average customer.

Producer Price Index - Examining price changes that might affect businesses.

The Producer Price Index measures the change in prices for raw materials that are used in the production process. This is an important price index to measure the costs associated with running a business in a specific area.

Home Price Index - Measuring differences in the cost of living between different cities.

The Home Price Index measures the changes in the price of residential units in different areas. This index is useful to measure the cost of living accross cities because the cost of renting and buying real estate is often the most significant cost of living for any city.

3 0
4 years ago
Assume that you are given the following historical returns for the Market and Security J. Also assume that the expected risk-fre
Arisa [49]

Answer:

the answer is 7%

Explanation:

If we estimate the beta as a proportion between  the expected risk -free rate  and the expected market value,  we obtain 4%/16%=25%

b=0.25      r=?

r_m=0.16

r_ref=0.04

then we use the CAPM Model

r=r_ref +b(r_m-r_ref)

r= 0.04+0.25*(0.16-0.04)=0.07

8 0
3 years ago
Michael Mirer worked for Dawson Company for six months this year and earned $11,200. The other six months he earned $6,900 worki
hichkok12 [17]

Answer:

(a)Dawson Company $42.00

(b)McBride Company $41.40

Explanation:

The amount of FUTA taxes to be paid on Mirer's wages by the two companies are:

(a)Dawson Company $42.00

(7000*0.6%) = $42.00

(b)McBride Company $41.40

(6900*0.6%) =$41.40

7 0
3 years ago
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