The Current Distribution Profit-Sharing Plan Is Sometimes Called a "Cash

question 46

True/False

The current distribution profit-sharing plan is sometimes called a "cash plan."

---

Definitions:

Nearest 0.01%

The approximation of a value rounded to the nearest hundredth of a percent to increase precision.

Nearest 0.01%

Indicates rounding figures to the closest one hundredth of a percent.

Equivalent Interest Rate

A rate that converts interest rates of various compounding periods into an annual rate for comparison purposes.

Nearest 0.01%

Rounding a percentage to the closest one-hundredth of a percent.