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uranmaximum [27]
1 year ago
12

Suppose you have been employed for about a year and a half and have been offered a better job at a different employer. Assuming

you have been taking advantage of the matching 401k plan, what will happen to your 401k if you leave your current job before you are fully vested?
Business
1 answer:
Lyrx [107]1 year ago
4 0
It all depends on the plan document. The plan document will state the waiting period, which can be a year, a vesting schedule, and your rights.

So more information is needed to answer your question. I can say with reasonable assurance you will be entitled to 100% of the money you put directly into the plan. The waiting period and vesting schedule will decide how much you are entitled to of the employers money.
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Lorie Nursery plans to sell 320 potted plants during April and 240 units in May. Lorie Nursery keeps 15% of the next month's sal
Dmitry [639]

Answer:

Lorie Nursery should produce during April 308 units

Explanation:

According to the given data, In order to calculate how many units should Lorie Nursery produce during April we would have to use the followinf formula:

Required Production = Expected Sales + Desired Closing Invenory - Opening Inventory

Required Production = 320 + 240 * 15 % - 320 * 15 %

=320 + 36 - 48 = 308 units

Lorie Nursery should produce during April 308 units

8 0
2 years ago
Read 2 more answers
Nakama Corporation is considering investing in a project that would have a 4 year expected useful life. The company would need t
Fed [463]

Answer:

We have to assume specific tax rate to come up with the income tax expenses. Let assume the tax rate is 30%.

The income tax expense in year 2: $53,400.

Explanation:

We have:

Depreciation expenses of the equipment in the second year = (Initial cost - salvage value) / Useful life = (168,000 - 0)/4 = $42,000.

Profit before tax in year 2 = Sales in year 2 - operating expenses in year 2 - Depreciation expenses in year 2 = 520,000 - 300,000 - 42,000 = $178,000.

Income tax expense in year 2 = Profit before tax in year 2 x tax rate = 178,000 x 30% = $53,400.

So, the answer is $53,400.

5 0
2 years ago
Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of
pychu [463]

Answer:

NPV = $1,564.65

Explanation:

Here is the full question :

Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of approximately $36,000 for five years. The equipment is expected to be sold at the end of five years for $40,000.

What is the net present value of the proposed investment? Hawkins requires a 15 percent return on all capital investments

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-139,000

Cash flow each year from year 1 to 4 = $36,000

Cash flow in year 5 = $36,000 + $40,000 = $76,000.

i = 15%

NPV = $1,564.65

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
1 year ago
Pottery Unlimited has two product lines: cups and pitchers. Income statement data for the most recent year follow:
HACTEHA [7]

Answer:

- ($51,306)

Explanation:

Given that,

Loss of Contribution = $75,000

Fixed costs will be eliminated by dropping the CUP line = $23,694

Net loss on dropping cup line:

= Loss of contribution - Gain on fixed costs on dropping cup line

= $75,000 - $23,694

= - ($51,306)

Therefore, the net effect on dropping the cup line on net income is $(51,606).

5 0
1 year ago
What describes minerals that are deemed real property, such as gold and silver, until they are removed from the earth and become
Liula [17]

Answer:

The correct answer is D

Explanation:

Solid minerals contained in the land

(Coal, iron, ore, gold or silver)

Hope this helps! (づ ̄3 ̄)づ╭❤~

6 0
1 year ago
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