Answer:
The correct answer is letter "B": pensions have traditionally been set as a fixed nominal dollar amount per year at retirement.
Explanation:
Pensions are retirement plans employees enroll during their working years. There are different types of pensions being the most common the <em>401(k), Individual Retirement Account (IRA), </em>and <em>Roth IRA</em> each one with particular features. What all of them have in common is that they allow retired individuals to receive a fixed stream of income per year after they officially stop working. Therefore, that is the reason why economists call pensions as "<em>defined benefits</em>" plans.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Decrease price and affect the equilibrium quantity in an indeterminate way.
Explanation:
When there is a fall in the demand for a particular product then as a result there is a leftward shift in the demand curve for this product. On the other hand, if there is an increase in the supply of a product then as a result there is a rightward shift in the supply curve of this product.
Hence, there is a fall in the equilibrium price level and the effect on equilibrium quantity is indeterminate because we don't know the magnitude of the shifts of demand and supply curve.
Answer:
Total factory overhead rate = $200,000
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Explanation:
Total overhead allocated to Desk lamps
Desk lamps Amount
Setups 60,000/24,000 * 16,000 = 40,000
Inspections 120,000
/24,000 * 8,000 = 40,000
Assembly 280,000/28,000 * 12,000 = <u>120,000</u>
Total factory overhead rate = <u>$200,000</u>
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