This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a profit-sharing plan? Identify and discuss the three basic profit-sharing plans. What ... (Read 111 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
on: Jul 7, 2018
What is a profit-sharing plan? Identify and discuss the three basic profit-sharing plans.
 
  What will be an ideal response?

Question 2

Seniority is the length of time an employee has been associated with the company, division, department, or job.
 
  Indicate whether this statement is true or false.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: Profit sharing is a compensation plan that results in the distribution of a predetermined percentage of the firm's profits to employees. Many firms use this type of plan to integrate the employees' interests with those of the company. There are several variations of profit-sharing plans, but three basic kinds of plans used today are current profit sharing, deferred profit sharing, and combination plans. Current plans provide payment to employees in cash or stock as soon as profits have been determined. Deferred plans involve placing company contributions in an irrevocable trust, credited to individual employees' accounts. The funds are normally invested in securities and become available to the employee (or his or her survivors) at retirement, termination, or death. Combination plans permit employees to receive payment of part of their share of profits on a current basis, while deferring payment of part of their share.

Answer to Question 2

Answer: TRUE


EAugust

  • Member
  • Posts: 550
Reply 2 on: Jul 7, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase ( The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase (
Sharing patient information with colleagues is an important nursing role Sharing patient information with colleagues is an important nursing role
China's proposed supercollider plans to be twice the size of the Large Hadron Co China's proposed supercollider plans to be twice the size of the Large Hadron Co
Basic structures of HIV. Basic structures of HIV.
genetic code: The basic principle of translation genetic code: The basic principle of translation
Body Plan of a Crocodile Body Plan of a Crocodile
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library