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S_A_V [24]
3 years ago
14

Vance has a vested account balance in his employer-sponsored qualified profit-sharing plan of $40,000. He has two years of servi

ce with his employer and the plan follows the least generous graduated vesting schedule permitted for a profit-sharing plan under PPA 2006. If Vance has an outstanding loan balance within the prior 12 months of $15,000, what is the maximum loan Vance could take from this qualified plan, assuming the plan permitted loans
Business
1 answer:
Maurinko [17]3 years ago
7 0

Answer: $5,000

Explanation:

Per the requirements of qualified plans that permit loans, the maximum amount that an individual can withdraw is whichever is lesser between $50,000 and 50% of their Vested Account Balance.

Vance in this scenario has a vested account balance of $40,000.

50% of that would be $20,000.

That means that he can be loaned $20,000. However, he already has an outstanding loan balance that must be accounted for of 15,000.

Subtracting those figures we have,

= 20,000 - 15,000

= $5,000

The maximum loan that Vance can take from the qualified plan is $5,000

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Areas that once had vast economic growth and large amounts of industry, but are now suffering from the effects of outsourcing ar
Irina-Kira [14]

Answer:

de-industrialization

Explanation:

Deindustrialization refers to the  phase of social and economic event caused by the elimination or decrease of industrial base or operation in a region or country, in particular of manufacturing industries or mining. It's the reverse of being industrialised.

It is the opposite of  industrialization. Deindustrialization usually happens as it is no longer profitable for a specific industrial activity. It's a phase in which industrial development is eliminated or decreased in a country or area due to a major social or economic transition.

7 0
4 years ago
Bedeker, Inc., has an issue of preferred stock outstanding that pays a $6.55 dividend every year in perpetuity. If this issue cu
navik [9.2K]

Answer:

The required rate of return is 7.20%

Explanation:

The price of a share that pays a particular dividend amount in perpetuity is given by the below formula:

price of share=dividend/required rate of return

price of share is $91.00 per share

dividend payable in perpetuity is $6.55

required rate of return is unknown

$91=$6.55/required rate of return

required rate of return =$6.55/$91

                                       =7.20%

to confirm the required of return,I divided the by the required rate of return as shown below:

6.55/0.0.72=$90.97 .approximately $91

That is a way to validate the computed required rate of return

4 0
3 years ago
A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy
UNO [17]

Answer: $252

Explanation:

GDP is calculated by summing up the value of final goods and services in a country within a period. This means that intermediate values are not included and this is done to avoid double counting.

The GDP contribution here therefore will be the value of the meals created;

= 50 * 5.04

= $252

5 0
3 years ago
A simple economy produces two goods, Corn BreadCorn Bread and SoftwareSoftware.
Verdich [7]

Answer:

Consider the calculations below

Explanation:

(1) Nominal GDP, year 2 ($) = Sum of (Year 2 price x Year 2 quantity)

= 125 x 1.5 + 825 x 90

= 187.5 + 74,250

= 74,437.50

(2) Real GDP, year 2 ($) = Sum of (Year 1 price x Year 2 quantity)

= 1 x 125 + 45 x 825

= 125 + 37,125

= 37,250.00

6 0
3 years ago
Josh is walking to ben hill griffin stadium on gameday when a coca-cola representative offers him and his friends free cans of t
Musya8 [376]
<span>The element of the promotional mix that coca-cola is using in this scenario is known as sales promotion. As coca-cola is paying for this inadvertently via their cost of goods accounts.</span>
5 0
3 years ago
Read 2 more answers
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