a project that costs $23,000 today will generate cash flows of $8,900 per year for seven years. what is the project's payback period?
Answers
It will take 3 years and 192 days to cover for the initial investment.
Giving the following information:
Initial investment = $23,500
Cash flow = $9,300
Time period = 7 years
The payback period is the time required to cover for the initial investment.
Year 1= 9,300 - 23,500= - 14,200
Year 2= 9,300 - 14,200= - 4,900
Year 3= 9,300 - 4,900= 4,400
To be more accurate:
(4,900/9,300) * 365 = 192
Payback period is the amount of time that it will take a project to pay back or recuperate the initial investment in the project. By dividing the initial investment from the annual cash flows per year we can get the payback period
Hence, the payback period is 3 years and 192 days.
We simply applied the above formula so that the correct value could come. And, the same is to be considered, it will take 3 years and 192 days to cover for the initial investment.
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Related Questions
Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answers
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
baket gusto mo maging flight attendant
Answers
a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?
A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours
Answers
Answer:D
Explanation:
I believe !
An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.
What rights do workers have?You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.
The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.
Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.
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A parallel plate capacitor is connected to a battery that maintains a constant potential difference between the plates. If the plates are pulled away from each other, increasing their separation, what happens to the amount of charge on the plates?.
Answers
From the information regarding the capacitor, when the plates are pulled away from each other, the amount of the charge decreases.
What is a capacitor?A capacitor simply means a device that's used for storing electrical energy in a field.
In this case, when plates are pulled away from each other, increasing their separation, the the amount of the charge decreases.
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If a new car is valued at $21,300 and 7 years later it is valued at $8000, then what is the average rate of change of its value during those 7 years?
Answers
The average rate of change of the car's value over the 7-year period can be calculated by finding the difference in value and dividing it by the time elapsed. In this case, the initial value of the car is $21,300 and its value after 7 years is $8,000.
To calculate the average rate of change, we subtract the initial value from the final value: $8,000 - $21,300 = -$13,300. The negative sign indicates a decrease in value.
Next, we divide the difference in value by the time elapsed, which is 7 years: -$13,300 / 7 = -$1,900 per year.
Therefore, the average rate of change of the car's value over the 7-year period is -$1,900 per year, indicating a depreciation in value of $1,900 per year on average.
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Topic: Purchasing, Receiving, and Storage
Part A:
Proper purchasing, receiving, and storage of food and beverage items is critical to a food and beverage department's or eatery's success. In this discussion, you will apply what you learned in the Learning Activity and reading to the following scenario and then respond to the questions.
Scenario: Your hotel restaurant is planning a big Thanksgiving dinner for 400 guests that includes many different types of pie all requiring whipped cream. As the food and beverage manager, you inform your vendor 30 days in advance of the event that you will need 10 gallons of cream. Your vendor misunderstands and has 20 gallons in ten 2-gallon containers, delivered five days later to a new receiving clerk who stores nine (9) of the 2-gallon containers containing the cream immediately. The chef sees one of the 2-gallon containers on a preparation table about an hour later and proceeds to use a gallon of the cream in his gravy for that night's meal. He leaves the remainder on the preparation table shouting to his sous chef's assistant to put the cream away when he can. Two hours later, the assistant stores the remainder in the refrigerator. Note: The cream has an expiration date three and a half weeks from the sending date.
What were the problems in this scenario?
Who should be responsible to remedy this situation and how should they resolve this problem while still obtaining the required amount of cream?
What changes should be instituted going forward?
Part B:
Do some research out on the Internet and find out what kind of software you would recommend to the food and beverage director for a major resort complex in order to track receipt, storage, production, and inventory for food and beverages at the resort's many restaurants. Explain your recommendation.
Answers
The scenario presents problems related to miscommunication, improper storage, and potential wastage of cream for a Thanksgiving dinner event.
Part A:
The problems in this scenario include miscommunication between the food and beverage manager and the vendor, improper storage of the cream, and potential wastage of a significant amount due to the chef's use of a gallon for gravy. The receiving clerk also failed to store the remaining cream promptly.
To remedy this situation and obtain the required amount of cream, the food and beverage manager should take responsibility. They should communicate with the vendor and request an immediate delivery of the correct amount of cream. Meanwhile, the chef and the assistant should be informed about the miscommunication and instructed to use the cream sparingly and properly store any unused portions.
Going forward, the hotel restaurant should establish clearer communication channels with vendors to avoid misunderstandings. Proper training and guidelines should be provided to the receiving clerk, chef, and assistant regarding the storage and handling of food items.
Part B:
For tracking receipt, storage, production, and inventory of food and beverages at a major resort complex, I would recommend implementing an enterprise resource planning (ERP) system with integrated modules for the food and beverage department. One suitable software solution could be Oracle Hospitality's Food and Beverage Management System.
This software offers comprehensive features for managing procurement, inventory, production, and recipe management. It allows real-time tracking of food and beverage items from the moment of receipt to storage and usage in different restaurants within the resort complex. The system provides detailed reporting, cost analysis, and forecasting capabilities to optimize inventory levels and minimize waste.
With its centralized database, the software enables efficient communication and coordination between the various restaurants and the food and beverage director. It streamlines operations, improves inventory accuracy, reduces manual paperwork, and enhances overall efficiency in managing food and beverage resources across the resort complex.
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a company is planning a campaign and their goals for the campaign are for it to be inexpensive and provide them with direct interaction their audience. which type of media should be used to accomplish their goals?
Answers
Social media would be the best option for an inexpensive and direct interaction with an audience. Additionally, these platforms are all very cost-effective, making them a great choice for a campaign with a limited budget.
The Benefits of Social Media for CampaignsSocial media also allows companies to have direct conversations with their audience, which is something that is difficult to achieve with other forms of media. Companies can create content that is tailored to their audience and start conversations with them in order to build relationships and trust. Additionally, social media analytics tools allow companies to track the performance of their campaigns, giving them the ability to adjust their strategy accordingly.Learn more about Social media at: https://brainly.com/question/23976852
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Michael is a manager for a high-tech company. He is analyzing the results of his teams, and the stats startle him. The performance numbers are not where they were projected, even though quality and speed were up to par. What could describe the performance concerns Michael is having?
Answers
Answer:
Performance ambiguity
Explanation:
Performance ambiguity refers to the failure to understand why performance is failing to meet projections.
Since we are told his team on average did well on quality and speed, it becomes troubling or an issue of concern for the Manager when he cannot understand why the performance numbers are not where they were projected.
Write a suitable indefinite article before the following words or phrases and write
them again. (Copy the questions)
___heirloom ___astronomer
___ewe ___hotel employee
___honest man ___advocate
___one eyed dog ___awkward moment
___awesome picture ___European tourist
___incompetent employee ___auspicious moment
___humane person ___MLA
___horrible joke ___M. A student
Answers
Answer:
An heirloom, An astronomer
A ewe, A hotel employee
An honest man, An advocate
A one-eyed dog, An awkward moment
An awesome picture, A European tourist
An incompetent employee, An auspicious moment
A humane person, An MLA
A horrible joke, An M. A student
Explanation:
'A', 'an' and 'the' are the three articles that are used in English. They are used before nouns to specify them. 'A' and 'an' are indefinite articles and 'the' is the definite article. The indefinite article is used before the nouns which are not known or which are not identified. The definite articles are used before the identified noun. The indefinite article 'a' is used before the nouns that begin with a consonant sound. The indefinite article 'an' is used before the nouns that begin with a vowel sound.
The total amount paid on a 2 year loan was $3,500. if the interest rate was 10% and compounded monthly, what was the principal? round your answer to the nearest dollar.
Answers
Answer: $2,868
Explanation:
The total amount paid on a 2-year loan was $3,500. if the interest rate was 10% and compounded monthly, $2867.94 is the principle.
Given information:
Principal (unknown) is P.
i = Periodic Interest Rate (compounding monthly at 10% divided by 12).
n is the number of compounding periods (for monthly compounding, 2 years times 12).
A is the total amount paid.
Total amount paid = \(P(1 + \frac{i}{n})^{nt}\)
3500 = \(P(1 + \frac{0.1}{12})^{24}\)
3500 = \((1 + 0.0083)^{24}\)
3500 = \((1.0083)^{24}\)
P = (1.22039)
P = 3500 / 1.22039
P = $2867.94
Principle is the $2867.94.
As a result, the calculation of the principle are the aforementioned.
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How have advancements in technology affected advertising? Write a paragraph with three examples.
Answers
The advancement in technology affected advertising in the manner that increased the number of platforms, which raised the number of audiences.
What is Advertising?The practice and strategies used to draw attention to a product or service are referred to as advertising. Advertising seeks to bring attention to a product or service by putting it in the limelight.
Technological breakthroughs resulted in the advent of computers, the internet, and smartphones, which connected billions of people's lives.
Not only has the number of platforms expanded, but so has the clarity of audience data, which has supported industry growth. There is a better understanding of who is consuming stuff. To customize your marketing communications, you can leverage data from the first, second, and third parties.
Because of the internet and programmatic advertising, advertisers may now target consumers across hundreds of digital channels.
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Leslie works for a pharmaceutical company with a corporate culture that institutes a variety of control mechanisms to measure efficiency, timeliness, and reliability in the creation and delivery of products.A.hierarchyB. clanC. marketD. adhocracy
Answers
. Leslie's pharmaceutical company is most likely a "hierarchy" culture. In a hierarchical culture, there is a strong emphasis on control, structure, and efficiency.
Control mechanisms such as standard operating procedures (SOPs) and quality control processes are put in place to ensure that products are created and delivered in a timely, reliable, and consistent manner. The culture values stability, predictability, and adherence to rules and procedures.
There is typically a clear chain of command and a formalized decision-making process. Hierarchy cultures can be effective in achieving operational excellence and maintaining quality control, but they may also be slow to adapt to changing market conditions and may stifle innovation and creativity.
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Can someone pls help me write a cover letter for a resume
Answers
The ability to organize and evaluate what you watch, hear, and read is known as
Answers
Answer:
critical thinking skills
Explanation:
the definition is this word
A company's gross profit (or gross margin) was $83,750 and its net sales were $347,800. Its gross margin ratio is: Multiple Choice 4.2% 24.1% 75.9%. $83.750.
Answers
Company's gross margin ratio is 24.1%. The correct answer among the multiple-choice options you provided is 24.1%.
What is the gross margin ratio of a company that had a gross profit of $83,750 and net sales of $347,800?Hi! To calculate a company's gross margin ratio, you can use the following formula:
Gross Margin Ratio = (Gross Profit / Net Sales) * 100
In this case, the company's gross profit is $83,750 and its net sales are $347,800. Using the formula:
Gross Margin Ratio = ($83,750 / $347,800) * 100
Now, divide $83,750 by $347,800:
Gross Margin Ratio = 0.24086 * 100
Multiply the result by 100 to get the percentage:
Gross Margin Ratio = 24.086%
Round the result to one decimal place:
Gross Margin Ratio = 24.1%
So, the company's gross margin ratio is 24.1%. The correct answer among the multiple-choice options you provided is 24.1%.
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answers
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
Can Some people give me brainliest I'll give ya'll all my points when I see it
Answers
Answer:
Explanation: why u delete all your questions that u answered for me?
Answer the questions below as it relates to Targeting by Decile Grid: The Market Basket consists of the top 5 companies in the 3D printer business. In Q4 2019, the total number of 3D printers sold within the Market Basket was 10,000. Your company sold 2,000 printers which represent a 20% Market Share of this Market Basket. Assume that the Marketing Department has determined it will focus its efforts on 1,000 target accounts (customers) Using your knowledge of Targeting by Decile (3 Rows of 10 Columns (boxes) each); Title the first row AND complete the 10 columns in this row Title the second row AND complete the 10 columns in this row Title the third row AND complete the 10 columns in this row (the information in these 10 columns is NOT known with specific certainty but make it DIRECTIONALLY CORRECT)
Answers
The companies are listed alphabetically as placeholders, and the actual prioritization may vary based on various factors such as market analysis, customer data, and business strategies.
Title: Targeting by Decile Grid
Row 1: High Priority Accounts
Column 1: Company A
Column 2: Company B
Column 3: Company C
Column 4: Company D
Column 5: Company E
Column 6: Company F
Column 7: Company G
Column 8: Company H
Column 9: Company I
Column 10: Company J
Row 2: Medium Priority Accounts
Column 1: Company K
Column 2: Company L
Column 3: Company M
Column 4: Company N
Column 5: Company O
Column 6: Company P
Column 7: Company Q
Column 8: Company R
Column 9: Company S
Column 10: Company T
Row 3: Low Priority Accounts
Column 1: Company U
Column 2: Company V
Column 3: Company W
Column 4: Company X
Column 5: Company Y
Column 6: Company Z
Column 7: Company AA
Column 8: Company BB
Column 9: Company CC
Column 10: Company DD
The specific information in the 10 columns of each row is not known with certainty, but the general direction of prioritization is provided. The companies are listed alphabetically as placeholders, and the actual prioritization may vary based on various factors such as market analysis, customer data, and business strategies.
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an apartment building must have a resident property manager if the building has
Answers
An apartment building must have a resident property manager if the building requires on-site management for tasks such as property maintenance, tenant relations, and compliance with regulations.
An apartment building must have a resident property manager if the building has specific requirements or regulations that necessitate on-site management, such as maintaining the property, addressing tenant concerns, coordinating repairs and maintenance, ensuring compliance with local laws and regulations, and handling day-to-day operations.
Having a resident property manager offers several benefits for both the property owner and the tenants. The property manager can handle tenant screening and selection, lease agreements, rent collection, and tenant relations, ensuring a smooth and efficient rental process.
They can also address maintenance issues promptly, ensuring that the building is well-maintained and tenants' needs are met.
Additionally, a resident property manager can act as a point of contact for emergencies, security concerns, and general inquiries, providing a sense of security and convenience for the residents. They can also enforce property rules and regulations, handle disputes or conflicts among tenants, and maintain a safe and comfortable living environment.
Having a resident property manager is especially crucial for larger apartment buildings or complexes with a significant number of units. The scale and complexity of managing such properties require an on-site manager who can oversee the various tasks and responsibilities involved.
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does anyone know how this is done? i need to know asap due in a while
Answers
a) The method used to calculate GDP should be the expenditure approach, which adds up total consumption (C), investment (I), government spending (G), and net exports (X-M).
Solution to the rest of the questions in detailb) Using the expenditure approach, the GDP can be calculated as follows:
GDP = C + I + G + (X - M) = 30 + 15 + 20 + (50 - 70) = 25.
c) The value of net exports can be calculated as:
Net exports = Exports - Imports = 50 - 70 = -20
d) The method that cannot be used with the given data is the income approach.
e) The data is incomplete because the information provided only covers some of the components of GDP, such as consumption, exports, rent, investment, government spending, and wages. Information on other components, such as net taxes, subsidies, and depreciation, is not provided, making the data incomplete for calculating GDP using the income approach.
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Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answers
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
A metal compound has the formula xcl2 and a relative formula mass of 95.211. the relative atomic mass of x is
Answers
We are given that the metal compound has the formula XCl2, where X is the unknown metal, and the relative formula mass (M_r) of the compound is 95.211. To find the relative atomic mass of X, we'll need to follow these steps:
1. Determine the relative atomic mass of chlorine (Cl). This value can be found on the periodic table, and it is approximately 35.45.
2. Calculate the combined relative atomic mass of the two chlorine atoms in the formula. Since there are two chlorine atoms, we'll multiply the relative atomic mass of chlorine by 2:
35.45 * 2 = 70.9
3. Now, we can subtract the combined relative atomic mass of the chlorine atoms from the total relative formula mass of the compound to find the relative atomic mass of X:
95.211 - 70.9 = 24.311
The relative atomic mass of X is approximately 24.311.
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Current liabilities are those obligations that are payable within ______ or the operating cycle whichever is ____.
Answers
Answer: one year; longer
Explanation:
Current liabilities are those obligations that are payable within one year or the operating cycle whichever is longer.
Current Liabilities are debt that a company owes that are due usually within a year but if the operating cycle of the business is longer then current liabilities will be those owed for the operating cycle.
Examples include; Accounts Payable, Interest payable, Income taxes payable and bank overdrafts.
which of the following five scenarios illustrate markets in action? (i) you rent a book at the university bookstore. (ii) you bargain at a street stall. (iii) you mow your own lawn. (iv) you get a manicure at a nail salon. (v) you grow your own vegetables and consume them yourself. (i), (ii), and (iii) (iii) and (v) (i), (iii), and (v) (i), (ii), and (iv)
Answers
Borrowing books at the university bookstore, haggling at the stalls, buying manicures at the nail salon, they all work at the market.
In open markets, prices are free to move in response to changes in supply and demand, redistributing resources to the most valuable uses. Market equilibrium, a state of equal supply and demand, results from predictable responses of buyers and sellers to price incentives.
Manufacturers, wholesalers, and retailers all sell and purchase goods on markets. Stores, malls, and the internet are a few examples of this. The phrase may also be used to describe a big group of people that buy products or services. Usually, market players engage in rivalry with one another.
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Ian is going to invest in an account paying an interest rate of 6. 2% compounded continuously. How much would i need to invest, to the nearest ten dollars, for the value of the account to reach $182,000 in 10 years?.
Answers
The answer is, The value of the account to reach after 14 years will be $160,585.87.
What do you mean by interest?Interest is the cost of borrowing money or the fee you charge to lend it. Most frequently, interest is shown as an annual percentage of the loan amount. The interest rate for the loan is denoted by this proportion.
What are the Various Interest Types?The three different kinds of interest are simple (regular), accumulated, and compound. When money is borrowed, typically in the form of a loan, the borrower is obligated to pay the agreed-upon interest rate.
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Answer: 97910
Explanation:
The employment process is carried out by which department?
Answers
Answer:
The hiring process is the process of reviewing applications, selecting the right candidates to interview, testing candidates, choosing between candidates to make the hiring decision and performing various pre-employment tests and checks.
Explanation:
The employment process is carried out by Human Resources (HR) division manages the hiring procedure is department.
The HR department is in charge of handling the entire employee life cycle, which includes hiring, onboarding, training, terminating, and providing benefits to employees.
Reviewing applications, identifying the best applicants for interviews, testing candidates, deciding amongst candidates to hire, and carrying out different pre-employment exams and inspections are all part of the hiring process.
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Most students don't consider that they'll end up paying far more than the original amount they borrowed on their student loans because of
Answers
Answer:interest rates
Explanation:
The longer you have to pay off the more interest adds up
What role does the government have in external compliance requirements?
Answers
Answer: Some parts of the business, such as stock sales, will be governed by external compliance requirements.
Explanation:
what are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $248,300 taxable income?
Answers
For a corporation with $248,300 taxable income, the tax liability, marginal tax rate, and average tax rate can be calculated based on the current tax laws.
The tax liability for a corporation with $248,300 taxable income will depend on the applicable corporate tax rates. Tax rates can vary depending on the jurisdiction and the specific tax laws in place.
As of my knowledge cutoff in September 2021, the United States had a progressive corporate tax system with a graduated rate structure. The federal corporate tax rates ranged from 15% to 35% based on the taxable income brackets.
To determine the tax liability, the taxable income would be divided into different brackets, and each bracket would be taxed at the corresponding rate. For example, if the taxable income of $248,300 falls within the bracket of $50,001 to $75,000, the tax rate would be a fixed percentage for that range.
By calculating the tax due for each bracket and summing them up, the total tax liability can be determined. The marginal tax rate refers to the tax rate applied to the last dollar of taxable income. In a progressive tax system, the marginal tax rate tends to be higher than the average tax rate because it represents the rate at which additional income is taxed.
The average tax rate is calculated by dividing the total tax liability by the taxable income. It provides an overall measure of the effective tax rate for the corporation. In this case, the average tax rate can be computed by dividing the tax liability for the $248,300 taxable income by $248,300.
However, please note that tax laws are subject to change, and specific details about deductions, credits, and other factors could affect the final tax liability, marginal tax rate, and average tax rate for a corporation with $248,300 taxable income. It is advisable to consult a tax professional or refer to the most recent tax regulations for accurate and up-to-date information.
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The tax liability, marginal tax rate, and average tax rate for a corporation with $248,300 taxable income can be calculated as follows:
The tax liability is the amount of tax that the corporation owes based on its taxable income. To determine the tax liability, we need to know the applicable tax rates and tax brackets. Without specific information on the tax rates and brackets, it is not possible to provide the exact tax liability for a taxable income of $248,300.
The marginal tax rate is the tax rate applied to an additional dollar of taxable income. It represents the tax rate at which the last dollar earned is taxed. Again, without the specific tax rate information, we cannot provide the exact marginal tax rate for the given taxable income.
The average tax rate is the total tax paid divided by the taxable income. It represents the overall tax burden as a percentage of taxable income. To calculate the average tax rate, we would need to know the tax liability for the given taxable income. Without this information, we cannot determine the average tax rate accurately.
In conclusion, without the specific tax rate information, it is not possible to provide the exact tax liability, marginal tax rate, and average tax rate for a corporation with a taxable income of $248,300.
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Maxford Corp. offers full vesting after two years. However, it does not offer portability of pension to its employees. Which of the following statements is true in this scenario?
Employees of Maxford will receive 20 percent of their pension if they quit after one year.
Maxford does not have to provide vested benefits to employees who quit before six months.
Employees of Maxford who quit can have their pension benefits transferred to the new employer.
Maxford does not have to provide vested benefits if employees quit of their own volition after two years.
Answers
After two years, Maxford Corp. offers complete vesting. However, it does not allow its employees to port their pensions. The claim that Maxford does not pay vested benefits to employees who resigned more than six months ago is accurate in this situation. Option B is correct.
Vesting refers to the process by which employees earn ownership of employer-provided benefits, such as pension plans or retirement savings, over a certain period of time. In this case, Maxford Corp. offers full vesting after two years, which means that employees become entitled to the full value of their pension benefits after completing two years of service.
Since Maxford Corp. offers full vesting after two years, employees who quit after only one year would not be entitled to 20 percent of their pension benefits. They would have to complete the full two-year period to be eligible for the full benefits.
The scenario explicitly states that Maxford Corp. does not offer portability of pension benefits. This means that employees who quit Maxford cannot transfer their pension benefits to a new employer. The benefits would remain with Maxford.
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Complete question:
Maxford Corp. offers full vesting after two years. However, it does not offer portability of pension to its employees. Which of the following statements is true in this scenario?
A - Employees of Maxford will receive 20 percent of their pension if they quit after one year.
B - Maxford does not have to provide vested benefits to employees who quit before six months.
C - Employees of Maxford who quit can have their pension benefits transferred to the new employer.
D - Maxford does not have to provide vested benefits if employees quit of their own volition after two years.