Which of the following statements is (are) true with respect to profit-sharing plans?
I. There is no limit on the amount that an employer can contribute annually to an employee's account under a profit sharing plan.
II. Profit sharing plans offer greater funding flexibility for employers than under other qualified plans.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Which of the following phrases is most likely to lead to a communication breakdown?
A. "You're right…" B. "Listen to me…" C. "I appreciate…" D. "Please…"
Which of the following is an external marketing metric that companies need to monitor?
A) resource adequacy B) staffing or skill levels C) active innovation support D) market share E) relative employee satisfaction
Cogdill Corporation manufactures numerous products, one of which is called Epsilon78. The company has provided the following data about this product: Unit sales (a) 170,000 Selling price per unit$19.00 Variable cost per unit$15.00 Traceable fixed expense$580,000 ?Assume that the total traceable fixed expense does not change. If Cogdill increases the price of Epsilon78 to $19.76, what percentage change in unit sales would provide the same net operating income as is currently being earned at a price of $19.00? (Your answer should be rounded to the nearest 0.1%.)
A. ?28.3% B. ?14.7% C. ?16.0% D. ?5.0%
If fixed costs are $300,000, the unit selling price is $31, and the unit variable costs are $22, what is the break-even sales (units) if fixed costs are reduced by $30,000?
A) 30,000 units B) 8,710 units C) 12,273 units D) 20,000 units