Vance has a vested account balance in his employer-sponsored qualified profit sharing plan of $40,000. he has two years of service with his employer and the plan follows the least generous graduated vesting schedule permitted for a profit sharing plan under ppa 2006. if vance has an outstanding loan balance within the prior 12 months of $15,000, what is the maximum loan vance could take from this qualified plan, assuming the plan permitted loans?
(a) $5,000.
(b) $20,000.
(c) $40,000.
(d) $50,000.

Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

What does bargain in good faith mean?