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Ne4ueva [31]
3 years ago
9

Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e

mployee's salary contributed to the 401(k). Jahwana currently earns $40,000 in gross salary and she currently contributes 15% of her salary into her 401(k). How much money in dollars is the total contribution to her account (her contribution plus the employer match) every year?
Business
2 answers:
Gre4nikov [31]3 years ago
7 0

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

NeTakaya3 years ago
4 0

Answer:

$8,000

Explanation:

Total contribution to Sophia's account = Jahwana's contribution + Company's contribution

Jahwana's contribution ( $ 40,000 * 15% ) = $ 6,000

Company contribution( $ 40,000 * 5% ) = $ 2,000    

( $ to $ restricted to 5% of employee's salary)

Total contribution to Jahwana's account = $ 8,000.00

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For higher levels of management, responsibility accounting reports:
Yuri [45]

Answer:

Option A is correct one.

<u>Are more summarised than for lower levels of management</u>

Explanation:

For higher levels of management, responsibility accounting reports<u> are more summarised than for lower levels of management.</u>

It is a summarised report facilitating the higher levels of management in order to keep a track of performance of low level management.

5 0
3 years ago
How does Lincoln honor the battle of Gettysburg in his address? What did the soldiers fight for in his opinion?
Pani-rosa [81]

Answer:

a. He honors the battle in his address using the following words, ''Now we are engaged in a great civil war, testing whether that nation or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war.''

b. In his opinion the soldiers fought for freedom, equality and human rights.

Explanation:

The Gettysburg address was a short speech made by Abraham Lincoln on November 19, 1863 at the official dedication ceremony in Pennsylvania at the site of the battle field after the civil war. It was a declaration of freedom and independence and further cemented the soldiers sacrifice for equality and human rights.

He honored the battles by reiterating that the sacrifice made by the soldiers will not be in vain. This he does by saying that the soldiers themselves whether alive or dead have already consecrated the ground of battle and no further addition or detraction is needed. This meant that the battles itself was proof enough that the nation was ready for independence and justice.

Additionally, he also stated that the soldiers fought for freedom and the government for the people, by the people and of the people. This in other words means that the soldiers fought for democracy, where everyone is equal under the law. That equality and justice is the foundation upon which this newly independent nation has been built.

6 0
3 years ago
Genevieve is a member of the board of directors and the chief financial officer of The Shoe Fits, Inc. Under the duty of care sh
iren2701 [21]

Answer:

B. oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services

Explanation:

6 0
3 years ago
Chess Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $6
Whitepunk [10]

Answer:

The cost of ending inventory is $24314.

Explanation:

Under the average cost method, the inventory is valued at the average cost of all the inventory that is available from the start of the month and the purchases made.

The average cost of inventory can be calculated by summing up the total cost of beginning inventory and purchases and dividing it by the total number of units available for sale.

Average cost per unit = [ 480*65 + 720*68 + 360*70 ] / [480 + 720 + 360]

Average cost per unit = 67.538 rounded off to $67.54 per unit

The total inventory available for sale = 480+720+360 = 1560 units

The ending inventory in units = 1560 - 1200 = 360 units

The cost of ending inventory = 360 * 67.54 = $24314.4 rounded off to $24314

5 0
3 years ago
Which quality of an asset makes it more appropriate for the fair value principle rather than the historical cost principle?
Alchen [17]

Answer and Explanation:

Fair value refers to the current market price of the asset while historical cost is the cost at which the asset was acquired. Fair market value will always be higher than historical cost so it reflects the actual worth of the asset.

One of the qualities that makes valuing current assets at fair value rather than historical cost is the availability and reliability of current market price or fair value of current assets.

8 0
3 years ago
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