A cash balance pension plan guarantees the participating employee:
A) nothing
B) a minimum interest rate on the employee's retirement savings
C) a minimum monthly pension amount for the first 10 years of retirement
D) none of the above
B
Business
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Capital rationing may be imposed because of all of the following EXCEPT
A) management has a fear of debt. B) the company's stock price is at an historically high level. C) capital market conditions are poor. D) stockholder control problems prevent issuance of additional stock.
Business
Palmer's Gourmet Chocolates produces and sells assorted boxed chocolates. The unit selling price is $50, unit variable costs are $25, and total fixed costs are $2,000. How many boxes of chocolates must Palmer's Gourmet Chocolates sell to breakeven?
A) 4,000 B) 40 C) 27 D) 80
Business