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3 years ago

Which statement summarizes section 401(k) of the Internal Revenue

Business

1 answer:

Rasek [7]3 years ago

4 0

Answer:

A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's contribution.

Explanation:

401(k) is defined-contribution retirement account.

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Pacific Ink had beginning work-in-process inventory of $762,960 on October 1. Of this amount, $313,920 was the cost of direct ma

BartSMP [9]

Answer:

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

Explanation:

Equivalent unit of material = (120,000× 100%)+(39,000×75%)=149250

Cost per unit of material = Total cost /Total equivalent unit

=(313,920 +2,956,500)/149250 =21.912

Cost per conversion cost

Equivalent unit of conversion cost

= (120,000 × 100%) + ((39,000×35%)= 133,650

Cost per unit of conversion cost

= ($3,737,220 + $449,040)/133,650 = 31.322

Cost of goods transferred = 120,000× (21.912 + 31.322)= 6,388,147.07

Cost of Inventory = (75%*39,000×21.912)+(35%× 39,000×31.322)

= 1,068,478.93

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

3 0

3 years ago

A small town has few available workers, and unemployment is low. A family-owned restaurant in town has just had a very good year

stepladder [879]

Since the unemployment is low, hiring people fit for the job is a no easy task. posting stricter requirements narrows the chance even more to hire people. A good strategy here is D.The restaurant will offer a higher wage than other competitors to attract people who will apply for the job

6 0

3 years ago

What is a dollar vote

nikdorinn [45]

Answer:

Dollar voting is an analogy that refers to the theoretical impact of consumer choice on producers' actions by means of the flow of consumer payments to producers for their goods and services.

5 0

1 year ago

Sheffield Realty Corporation purchased a tract of unimproved land for $115,500. This land was improved and subdivided into build

svlad2 [7]

Answer:

Sheffield Realty Corporation

Sales Revenue : Group 1 ( 3 * $4,500) $13,500

Group 2 (9*6,000) 54,000

Group 3(15*3,600) 54,000

283,500

Cost of Lot sold (123,697)

Gross Profit 159,803

Operating Expenses (18,000)

Net Income  141,803

Workings

1. Total cost of building = cost of land + additional cost

= $115,500 + $72,336

= $187,836

2. Total Number of lots available for sales = 8 + 16 +17 = 41

3. Number of lot sold = (8-5) + (16 -7) + (17-2) = 27

4. cost per Lot = $187,836/ 41 = $4,581.37

5. cost of lot sold = $4,581.37 * 27 = $123,696.88

$123,697

Explanation:

3 0

3 years ago

Deepwater Dredging Company holds itself out to others as being a corporation but makes no attempt to incorporate. Estuary Marina

evablogger [386]

Answer:

a corporation by estoppel or de facto corporation.

Explanation:

A corporation by estoppel is when a person has dealings with a company like it is a corporation. Doing business with an estoppel coporation means that one has admitted that company as a coporation.

From, the question above, it can be seen thta Estuary marina dealt with deepwater dredging company as a corporation and that means that Estuary marina has admitted to Deepwater dredging as a corporation.

As a result of Deepwater dredging company's failure to perform tthe contract, the court can only hold that Deepwater Dredging is a corporation by estoppel or de facto coporation.

Cheers.

3 0

3 years ago