Paper chasers, a shop that specializes in confetti has a 401(k) plan that allows plan loans up to the legal limit allowed by law. participants must repay the loans under the most generous repayment schedule available by law. paper chasers plan has the following employee information:

employee

401(k) balance

outstanding loan

sara

$200,000

$0

kay

$250,000

$19,000

judy

$14,000

$2,000

brian

$35,000

$0

which of the following statements is correct?

(a)if kay repays her $19,000 loan by the end of this year, she may take a loan of $50,000 anytime next year.

(b)sara can borrow $100,000 (50% of her vested account balance) from her account.

(c)the maximum judy can borrow from her account is $8,000.

(d)brian could borrow $17,500 from his plan for the purchase of a personal residence, but he would have to repay the loan within ten years.

i am thinking either a) because the max you can have is $50,000 at any time so if you pay off the loan, then $50k is correct. also thinking of c; course hero had it 2 times as that? however, not sure because the max she can borrow is $9,000. she has $2k already out so only $7k more?

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form