Answer:
An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3% of the average wage times the years of service. The employee can expect to receive __$1,380_____ per year upon retirement.
Explanation:
a) Data and Calculations:
Average wage = $60,000
Number of years worked in the firm = 28 years
Defined benefit pension plan rate = 2.3%
Annual defined benefit pension plan = $1,380 ($60,000 * 2.3%)
Total benefit to be received = $38,640 ($1,380*28) or ($60,000 *28 * 2.3%).
b) This employee is expected to receive the total benefit of $38,640 for serving the firm for 28 long years under the defined pension plan, given the plan rate of 2.3% of the average wage.
Answer:
market segment
Explanation:
A market segment is a group of people in a homogeneous market who share common marketable characteristics.
Answer:
$26.59
Explanation:
Data provided in the question:
Production volume = 602,000 units per year
Market price = $30 per unit
Desired operating income = 15% of total assets
Total assets = $13,700,000
Now,
Target profit = 15% of $13,700,000
= $2,055,000
Sale value = 602,000 × $30
= $18,060,000
Therefore,
Total cost = sale value -target profit
= $18,060,000 - $2,055,000
= $16,005,000
Thus,
Price per unit =
=
= $26.586 ≈ $26.59
Answer:
4.11%
Explanation:
the percentage change in real GDP = [(new real GDP - old real GDP) / old real GDP] x 100 = [($316,500 - $304,000) / $304,000] x 100 = 4.11%
Generally a surge in immigration will result in both higher nominal and real GDP, but what should be more important is how real GDP per capita changes. If real GDP per capita increases, then the inflow was positive and made the economy grow for better. If real GDP per capita decreases, even if total real GDP increases, then the economy is not doing better.