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SCORPION-xisa [38]
3 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]3 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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On January 1, 2017, Boston Enterprises issues bonds that have a $2,050,000 par value, mature in 20 years, and pay 8% interest se
kari74 [83]

Answer:

Boston will  pay (in cash) to the bondholders every six months $125,146.31.

Explanation:

The interest paid in cash PMT, can be calculated as follows :

PV = $2,050,000

N = 20 × 2 = 40

R = 8%

FV = $2,050,000

P/yr = 2

PMT = ?

Using a financial calculator to enter the above data concerning the bond, the payments (PMT) every six months is $125,146.3062 or $125,146.31.

7 0
4 years ago
Justin and Neil both exhibit behavior that Kimberly calls unethical. What is ethical behavior in business?
hoa [83]

Answer:

In simple words, Ethical behaviour requires reliability, dignity, justice and a number of other beneficial characteristics. Many companies are creating the Code of Ethics, which could include basic ethical compliance principles for doing the right thing or being honest. Relevant protocols within the company may also be listed.

Workers make more choices with less time using corporate principles as a driving proposition; that increases efficiency and the overall wellbeing of employees. As workers perform their jobs in a manner that is founded on fairness and dignity, the entire company profits.

7 0
3 years ago
Read 2 more answers
Chris promises Doreen $40,000 if she graduates fro Eagle College. Doreen enrolls in Eagle, attends full-time for four years, and
Zina [86]

Answer:

Doreen enforce Chris’s "promise" because the promise is binding despite that there was no bargain.

Explanation:

The doctrine of promissory estoppel (or detrimental reliance) gives a person that depends on the promise of another the opportunity to recover in the absence of consideration if:

1. There was definite and clear promise.

2. It was justifiable to rely on the promise.

3. The person who made the promise had the reason to believe that the person who is promised would depend on the promise.

4. There was a noticeable and definite change in character as a result of the reliance on the promise.

5. Enforcement of the promise would make justice to be better served.

Since all the conditions listed above holds in the question, Doreen enforce Chris’s "promise" because the promise is binding despite that there was no bargain.

3 0
4 years ago
What happens to the price and the quantity of goods and services sold when a store runs a sale?
dybincka [34]
<span>When a store runs a sale the price of goods decrease. The quantity of goods and services sold might be more than usual.</span>
4 0
4 years ago
B. The shape made by re-arranging the pizza the pizza slices look like a parallelogram.
ohaa [14]

The radius of the pizza is 6 inches, so each slice is 6 inches long.

there are 8 pieces, so the outside radius of each slice would be the circumference divided by the number of pieces:

37.68 / 8 = 4.71 inches.

You can estimate the height of the parallelogram as the length of a slice = 6 inches and the width of it as 8 x 4.71 = 37.68 inches.

The approximate area would be length x width = 37.68 x 6 = 226.08 square inches.

3 0
4 years ago
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