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SCORPION-xisa [38]
2 years ago
5

Ardent Industries is considering starting a retirement plan for its 850 employees. One option company managers are considering i

s a profit-sharing plan. All the following statements represent advantages of this type of retirement plan EXCEPT: Group of answer choices Amounts forfeited by employees who leave a company before they reach full vesting are allocated to the accounts of remaining plan participants. A profit-sharing plan is a defined-contribution plan in which contributions are based on a firm's operating profit. An employer's cost of offering a profit-sharing plan is not affected by the age or number of employees. A company that establishes a profit-sharing plan must make annual contributions to the plan, even if the company fails to earn a profit during the year.
Business
1 answer:
Nitella [24]2 years ago
6 0

Answer:

A company that establishes a profit-sharing plan must make annual contributions to the plan, even if the company fails to earn a profit during the year.

Explanation:

A profit sharing plan is defined as the type of contribution plan where the plan helps in saving for the retirement of the employees while providing them the flexibility of the plan features. It is a way for the owners of the business to share the profits with the investors and also a great way to attract investment in his business.

In a profit sharing plan, the organization does not have to make or contribute any amount to the plan annually. Such a plan is best suited for the companies which experiences a fluctuating cash flow.

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Marginal utility measures A. the slope of the budget line. B. the marginal rate of substitution. C. the slope of the indifferenc
ivolga24 [154]

Answer:

The additional satisfaction from consuming one more unit of a good

Explanation:

Marginal utility falls as consumption increases.

The Marginal Rate of Substitution (MRS) is the rate at which consumers exchange quantities of units of one good number for another good at the same level of utility.

I hope my answer helps you

8 0
3 years ago
Can you describe cody's current financial position as good average or poor
Slav-nsk [51]
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                                            Liabilities
TV-                    250                         student  loan          2600
Mp3 Player       200                         credit card 1             850                                  Laptop              750                         credit card 2           1200                                  Game system   250                         loan from parents     200                                   watch                200                         truck                       3200                                   Checking Account       560                                                                                        Savings Account 1      945                                                                                  Savings Account 2   3400                                                                                      TOTAL                 $  6555               TOTAL              $8050                LOSS $-1495                          
8 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. It announces that it will pay no dividends on its stock over the next nin
LiRa [457]

Answer:

jjrgowqg

Explanation:

rejkgnekrmg

6 0
3 years ago
Mosh, a sole proprietor, uses the cash basis of accounting. At the beginning of the current year, accounts receivable were $25,0
Dahasolnce [82]

Answer:

b. $100,000

Explanation:

Provided information

Beginning balance of account receivable = $25,000

Collection from customers = $100,000

Ending balance of account receivable = $15,000

Since we have to find out the gross taxable income, so we considered only the collection from customers as this is the amount which is received and therefore, it has come under the gross taxable income i.e $100,000.

8 0
2 years ago
Brandon is looking to invest for retirement, which he hopes will be in 30 years. He is looking to invest $39,500 today in U.S. T
Elis [28]

Answer:

e. $82,854

Explanation:

Assuming compounding occurs only once a year, the future value of a $39,500 investment for 30 years at a rate of 2.50% per year is determined by:

FV = P*(1+r)^n\\FV = \$39,500*(1+0.025)^{30}\\FV=\$82,854

At the end of 30 years, Brandon will have $82,854.

The answer is alternative e. $82,854

6 0
3 years ago
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