Winslow Corporation has many long-term employees. The company has never had a pension plan. Recently, a new management team was hired
The new president said he would like to start a pension plan through which he could reward the long-term service provided by many employees. Which of the following types of plans should Winslow Corporation adopt?
A) section 403(b) plan
B) section 401(k) plan
C) money-purchase plan
D) defined benefit plan
Answer: D
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Which of the following categories on a statement of cash flows is used to report the cash flow effects of transactions involving a company's stock?
a. Operating Activities b. Investing Activities c. Financing Activities d. Profit Activities
The future value of an ordinary annuity table would not include the factor
A) 0.909. B) 2.010. C) 20.300. D) 1.000.
What is an executory contract?
A) a contract that cannot be discharged under Chapter 13 B) a contract that the debtor is obliged to perform despite filing for bankruptcy C) an agreement between several creditors and a single debtor, dividing the debtor's property D) a contract that has not been fully performed
Saxena Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1hours per unitStandard direct labor rate$15.00per hourStandard cost$1.50per unitThe company budgeted for production of 2,900 units in July, but actual production was 2,800 units. The company used 250 direct labor-hours to produce this output. The actual direct labor rate was $14.10 per hour.The labor rate variance for July is: (Round your intermediate calculations to 2 decimal places.)
A. $225 F B. $252 U C. $252 F D. $225 U