alicianaylor11110
30.10.2021 •
Business
Garces Product Wholesalers, Inc., a regular C corporation, is considering the adoption of a qualified retirement plan. The company has recently had fluctuating cash flows, and such fluctuations are expected to continue. The average age of nonowner employees at Garces Products is 24, and the average number of years of service is three, with the high being four and the low being one. Approximately 25% of the 12-person labor force turns over each year. The salaries of the two owners account for approximately two-thirds of covered compensation. Which is the most appropriate plan for Garces Product Wholesalers
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Ответ:
The answer is E.
Explanation:
Only the option E is wrong.
A Financial intermediaries are commercial banks, investment banks, insurance companies etc. Only the Central bank of every nation acts as a lender of last resort. This means it renders help to financial intermediaries when their liquidity position is in question or in danger.
For example, in U.S, Reserve Bank or the Bank of England in Great Britain acts as the bank of last resort. They are the central bank.