subject
Business, 18.03.2021 01:40 chiquita77

Frank works for American Airlines as a plane mechanic. He make $92,568 per year and contributes 6% of his gross salary into the company's 401k plan. The company matches 50 cents per dollar up to 6% of employee contributions. The company uses a 2 to 6 graduated vesting schedule. Frank just finished his 5th year as an employee and has made contributions for 4 years. His salary has not changed and he has averaged an investment return of 11%. Now Frank is considering taking an offer from Southwest Airlines to become their lead mechanic. He wants to know how much money he will be able to rollover to the 401k at Southwest. What % of the employee contributions and investment return will Frank be able to rollover

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 03:30
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
question
Business, 22.06.2019 10:50
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
Answers: 3
question
Business, 22.06.2019 19:50
What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849
Answers: 3
question
Business, 22.06.2019 20:10
Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.
Answers: 1
You know the right answer?
Frank works for American Airlines as a plane mechanic. He make $92,568 per year and contributes 6% o...
Questions
question
Mathematics, 12.11.2020 21:20
question
Computers and Technology, 12.11.2020 21:20