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Umnica [9.8K]
3 years ago
9

If you contributed the full 6% of your $50,000 salary (the amount your company will match), what would be your monthly contribut

ion to the 401(k)? What would be your employer’s contribution?
Business
1 answer:
Elodia [21]3 years ago
3 0

Answer:

Monthly contribution $6,000

Employers contribution $3,000

Explanation:

The employee contributions would be 6% of $50,000

=6/100 x $50,000

=0.06 x $50,000

=$3,000

If the employer matches the employee contribution, the employer will also contribute $3,000

The total employee monthly contribution would be $3000 + $3000= $6000

Employer contribution will $3000

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In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a
Ne4ueva [31]

Answer:

The Sarbanes-Oxley Act

Explanation:

The name of the act was given because of the two leaders who jointly worked together to regain the trust of potential investors in the financial system. The act discussed the auditing requirements, directors roles and responsibilities and the signing of the annual report by the directors as well and also that the CFO and CEO will form an opinion about the firms future, goals and giving the undertaking that the financial statement are accurate according to their knwoledge.

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4 years ago
Jerrod's typical attire is that of baggy jeans decorated with chains, t-shirts with sometimes inappropriate phrases on them, and
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5 0
3 years ago
The appropriate discount rate for the following cash flows is 8 percent compounded quarterly.
NISA [10]

Answer:

Total PV= $2,736.39

Explanation:

Giving the following information:

Year Cash Flow

1 $ 870

2 950

3 0

4 1,540

<u>First, we need to calculate the real annual discount rate:</u>

Quarterly Discount rate= 0.08/4= 0.02

Real annual interest rate= [(1+i)^n] - 1

Real annual interest rate= [(1.02^4) - 1]

Real annual interest rate= 0.08243

<em><u>Now, we can calculate the present value of the cash flows:</u></em>

PV= Cf/(1+i)^n

Year 1= 870/1.08243= 803.75

Year 2= 950/1.08243^2= 810.82

Year 4= 1,540/1.08243^4= 1,121.82

Total PV= $2,736.39

7 0
3 years ago
Credits to customer accounts and credits to other accounts are individually posted from a cash receipts journal such as the one
Nadusha1986 [10]

Answer:

Please see attachment

Explanation:

Please see attachment

4 0
3 years ago
Which of the following is an objective of capital budgeting?
polet [3.4K]

Answer:

C. To earn a satisfactory return on investment.

Explanation:

The objective of the capital budgeting is that the company should have to do the investment in that thing which should be profitiable. In this, the company have the options i.e. either it selects the better investment or proposal for the enterprise

So as per the given situation, when the return on the investment is earn and it becames satisfactory so this represent the capital budgeting objective

Hence, the option c is correct

5 0
3 years ago
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