Answers
Answer:
The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560
Explanation:
In order to calculate The entry to record the accrued benefits for the month we would have to calculate the following formula:
Accrued Benefits= Health Insurance Cost+ (Gross Salary × Percentage Contributable)
Accrued Benefits=$15,400+($154,000×4%)
Accrued Benefits=$15,400+$6,160
Accrued Benefits=$21,560
The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560
Related Questions
Please visit Atlantic Cape's website and evaluate for being user friendly. What message does it communicate? How would you improve the site.
Answers
2.2 List any TWO characteristics of public goods.
Answers
Answer:
non-excludable and Non-rivalrous
A homeowner bought a homeowner's insurance policy The homeowner pays an annual 5650 premium for property coverage with a deductible is $1,175 for each claim A windstorm causes $42.500 in damages. If a claim for the full amount
of damages is approved, how much will the homeowner's insurance company pay for the damages?
O $42,500
O$41.325
O$41,975
$40.825
Answers
The homeowner's insurance company will pay for the damages an amount of $41,325.
What is an insurance?Insurance is financial product that provides protection against the potential financial losses. It works on the principle of risk-sharing, where a large number of individuals or organizations pool their money together to create a fund that can be used to compensate for losses that might occur to any member of the group. In exchange for a premium, an insurance company promises to pay out a certain amount of money in case of a covered event such as illness, accidents, or property damage. The purpose of insurance is to provide a sense of security and financial stability to individuals and organizations, enabling them to manage risks and protect themselves against unforeseen events.
Insurance company will pay= $42,500 - $1,175 = $41,325
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Free Cash Flow
100
Growth rate
2%
Tax Rate
1%
Cost of Capital
5%
Debt-to-total value
50%
Given the data in the above, what is the terminal value of the business (using the growing perpetuity formula)?
Answers
Answer:
Explanation:
Terminal value of business Formula = FCF (1+g)/(WACC- g)
Where:
FCF= current free cash flow = 100
g= Growth rate = 2%
WACC = Weighted average cost of capital = Cost of capital = 5%
Terminal Value of the business= FCF (1+g)/(WACC- g)
Terminal Value of the business= 100 (1+2%)/(5%- 2%)
Terminal Value of the business= 3,400
Explain right to be heard with examples
Answers
The right to be heard means that, depending on their age and maturity, children can be involved in decisions and issues that affect them.
What is the right to be heard?The right to be heard (including the participation of children) is a principle of child rights as defined in the United Nations Convention on the Rights of the Child. According to article 12 of the Convention, children have the right to express their views on all matters that affect them, and their views must be given due weight according to their age and maturity. This right applies equally to children's participation in social and political affairs, and to judicial and administrative proceedings. As a general principle, children's right to be heard should be addressed not only as vulnerable individuals with special protection needs, but also as informed decision makers, rights holders and active members of society. It reflects the child's notion of 'agency', The right to a hearing in article 12 is closely related to other articles of the Convention, which together form the so-called 'participation rights' of children and the recognition of children as citizens with rights holders. Emphasis on understanding.learn more about the right to be heard
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Which TWO details should be covered by the scope of Loretta’s business message?
Loretta is writing a brochure about storm preparedness for the county’s emergency management services. In the brochure, Loretta should include information about the....
a. Different kinds of storms, b. storm routes in the neighboring county, c. storm shelters in the county .
She should also inform the recipients about the..... a. specific medical procedures to follow,b. history of emergency services, c. emergency supplies to have on hand. .
Answers
Answer:
The two details which should cover the scope of Loretta's business message include:
Loretta is writing a brochure about storm preparedness for the county’s emergency management services. In the brochure, Loretta should include information about the....
b. storm routes in the neighboring county.
She should also inform the recipients about the....
c. emergency supplies to have on hand.
Explanation:
The statement of purpose for an analytical report is often more comprehensive than for an informational report.
a) true
b) false
Answers
Answer:
a. True
Explanation:
An informational report is a type of report in business that simply provides facts and data about a particular situation without supporting these details with an in-depth analysis and recommendation for improvement. An analytical report however has three of these characteristics. It provides facts and data, analyzes them, and makes the needed recommendation. The statement of purpose in an informational report is simple when compared to the statement of purpose in an analytical report which is more comprehensive. An infinitive phrase begins both reports.
For example, if in an organization, an employee named Adams John is told to prepare a report that evaluates the effect of new government regulations in the importation of parts needed for production, an informational statement of purpose would go thus:
To identify the effects of new governmental regulations on the importation of parts.
An analytical statement of purpose would go thus:
To identify the new governmental regulations limiting the importation of parts, analyze the effects of these regulations, and provide recommendations on better ways to adapt to the current situation.
The above shows a more detailed analytical statement of purpose.
supposes there is economic profit being made in the garbage bag industry. Over time, we should expect which of the following things to happen?
Answers
Answer:Suppose there is economic profit being made in the garbage bag industry. Over time, we should expect which of the following things to happen? ... Garbage bag supply will decrease. Garbage bag prices will increase.
Explanation:workers at this wage; therefore it would simply create unemployment. b. To help ... There needs to be differences in opportunity costs of producing goods across countries for there ... Suppose we have the following market supply and demand schedules ... Economic profits are zero and firms neither enter nor exit the industry.
Sherman Corporation had January 1 and December 31 balances as follows. 1/1/20 12/31/20 Inventory $111,000 $128,000 Accounts payable 70,000 77,000 For 2020, cost of goods sold was $278,000. Compute Sherman’s 2020 cash payments to suppliers.
Answers
Explanation:
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the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.
Answers
Here is the trading and profit and loss account for the year ended 31/12/2014:
The Trading and Profit and Loss AccountFor the year ended 31/12/2014
Particulars Amount
Sales €485,000
Less: Cost of Goods Sold €196,000
Gross Profit €289,000
Less: Expenses
- Wages and Salaries (75%) €78,750
- General Expenses €13,000
- Stationary €4,800
- VAT €17,300
- Provision for Bad Debts €3,480
- Advertising €5,700
- Insurance €9,000
- Loan Interest €600
- PRSI/USU €10,200
Net Profit €157,370
Here is the balance sheet as at 31/12/2014:
Balance Sheet
As at 31/12/2014
Assets Liabilities
Cash €42,600
Bank €1,200
Debtors €34,800
Stock €19,000
Capital €213,570
Drawings €10,700
Building €300,000
Office Equipment €15,000
Patent €24,000
Delivery Vans €49,000
Accumulated Depreciation €28,000
Provision for Bad Debts €3,730
Loan €50,000
Profit and Loss €157,370
Total €618,570
Total €618,570
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How to do a journal entry for this worksheet?
Answers
The Journal entries for the respective entries are given below.
What are the journal entries?A. July 1
Petty Cash Fund Dr. $745
Cash Cr. $745
B. Replenishing the Petty Cash Fund on an unspecified date:
Store Supplies Expense Dr. $57
Miscellaneous Selling Expense Dr. $88
Cash Cr. $145
Petty Cash Fund Cr. $145
C. December 31
Store Supplies Expense Dr. $X (amount of missing funds)
Miscellaneous Selling Expense Dr. $Y (amount of missing funds)
Cash Cr. $119
Petty Cash Fund Cr. $X + $Y (sum of missing funds)
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if it was possible for one company to gain ownership control all of the uranium processing plants in the us, then
Answers
If it were feasible for one business to take control of every uranium processing facility in the US, that company might erect obstacles to entrance in order to stifle competition.
What is a uranium processing plant?
Facilities for the fabrication and processing of uranium typically refine uranium ore concentrate, often known as "yellowcake," into fuel bundles over the course of multiple processing steps. Facilities that treat uranium must adhere to CNSC safety and security standards.
The uranium ore is processed into uranium concentrate at a uranium mill after being recovered from an open pit or underground mine. A fine powder is created by crushing, pulverizing, and grinding the ore. The uranium is separated from the other minerals by a process that occurs when chemicals are applied to the fine powder.
Tens of millions of households and local communities are powered by 92 nuclear reactors located throughout the United States.
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Arianna is an administrative assistant in the Human Resources Department. Her good friend, John, is applying for a job with the company and she has agreed to serve as a reference for him. John approaches her for advice on preparing for the interview. Arianna has the actual interview questions asked for all applicants and considers making him a copy of the list so he can adequately prepare
Answers
As part of Human Resources Department, if Arianna provides the actual interview questions to John, then, she is violating the an ethical conduct that is expected from her, as a HR staff, because she is suppose ensure a fair interview process of all job applicant rather than short-changing it.
What is an ethical practice?Basically, an ethic refers to an idea or moral belief that influences the behaviour, attitudes, and philosophy of a group of people.
In an organization, an ethical practice, means application of ethical values in organisational behavior. Its applies to all aspects of organisational conduct including in corporate governance, employment practices, sales techniques, stakeholder relations, accounting practices, issues of product, corporate responsibility etc.
Missing words "Identify the ethical issue or problem"
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Following a systematic plan for the preparation of an e-mail, memo, letter, or oral presentation will make the composition process easier and will help you create more effective business messages. The writing process for business messages includes prewriting, drafting, and revising. Which of the following are steps involved in the prewriting phase of the writing process? Check all that apply. Analyzing Drafting Anticipating Researching Adapting Editing
Answers
Answer: Analyzing
Anticipating
Adapting
Explanation:
The writing process for business messages includes prewriting, drafting, and revising. We should note that the steps involved in the prewriting phase of the writing process:
• Analyzing
• Anticipating
• Adapting
The drafting phase is made up of:
• Researching
• Organizing
• Drafting
The revising phase include:
• Editing
• Proofreading
• Evaluating
Would you rather be in charge of a product or work as a part of a team?
Answers
Answer:
work as part of a team
Answer:
I prefer work as a team
Explanation:
because it's best for me then to work alone
The definition of entrepreneurship holds the promise of...
Answers
Answer:
Growth, unlimited expansion and long-term financial gain.
ACTIVITY 7
7.1 Read the following text and answer the following questions.
VENTURING AND EXPANDING
Businessmen have realised that it is not always necessary to start a business from scratch. In order to
expand, wise businessmen have given other businesses a right to sell their similar products within some
regulations. Others have been smart enough to realise that their small items that require regular
maintenance can make money for by contracting them to another business. It is even more
advantageous when an institution decides to focus on its vision and improve their quality by allowing
specialists to perform other duties on their behalf.
7.1.1
Identify THREE ways of acquiring a business avenue from the scenario above. Motivate your
answer by quoting from the scenario above.
(9)
Use the table below to present your answer.
BUSINESS AVENUE
MOTIVATION
7.1.2
Analyse the impact of each of way of acquiring a business avenue identified in QUESTION
7.1.1.
(18)
7.1.3
Outline the contractual obligations of any TWO of the ways to acquire a business avenue
identified in QUESTION 7.1.1
(12)
Answers
Answer:
add a responsible business partner that add income to your sales and together you can achieve your success
Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answers
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Explain I don’t know js copied
Small Business Management (1)
Please refer attached
Answers
Small business management refers to the process of overseeing and operating a small business. It involves various activities such as planning, organizing, leading, and controlling business operations to achieve the goals of the organization.
Small business management includes various functional areas such as marketing, finance, human resources, and operations. In order to effectively manage a small business, it is important to have a clear understanding of the business environment, competition, customer needs, and available resources. This requires conducting market research, identifying target markets, developing a marketing strategy, managing finances, and developing a team of skilled employees.
Effective small business management also involves establishing clear communication channels, delegating responsibilities, and establishing performance metrics to measure success. The key to successful small business management is to stay focused, prioritize tasks, and be flexible in adapting to changing business conditions. Overall, small business management is critical for the success of any small business. It requires a combination of skills, knowledge, and experience to effectively manage a small business and achieve its goals.
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Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)
Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.
Answers
Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.
What is a database?A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.
A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.
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Background:
This regional airline built their reputation on quality, low cost, and no frills (only essential) service is provided. They have been in business for 11 years. The business has been run like a small family owned/run business, even though they have over 300 employees. The current President retired from the military to take this position with no commercial airline experience. His leadership style is very different from the current culture of the company.
The company was very successful in the early years. In those years, business was booming with little or no competition for their routes. It grew rapidly in the first 7-8 years. In recent years, a subsidiary from a major airline has entered the market and stolen some of their business, although their fares are competitive. With the slowdown in the market, their business is losing money. In the last several years things have slowed down considerably.
Current Situation:
Over the last couple of years turnover in the company has been extremely high at mid-management and below. The HR Manager reports that employees leave the company because a lack of direction and their managers do not deal with issues. New employees come to work because of competitive salaries/wages, but do not stay. There are few if any, procedures, policies, or training in place for managers and workers, except for those mandated by the FAA. New employees are trained on the job, with little or no direction.
Ticket agents, gate personnel, baggage handlers, and operations people at each location report to a Manager of Operations at each of their 5 locations/airports. The Field Operations Managers have a great deal of autonomy to run their site the way they see fit. They report to the VP of Field Operations. The Pilots and Flight Attendants all report up through the VP of Flight Operations. There seems be conflict between Fields Ops and Flight Ops as a result of different policies and procedures at each airport.
They are not sure what is wrong and how to fix the problem. They don’t have the technology in place to determine the changes in the market, customer demands, or competitive challenges.
1- Identify 3 (three) Human Resources functions impacted by the issues at Freedom?
2- Develop a SWOT analysis for Freedom. (2 points for each category i.e. S.W.O.T)
3- Propose 2 (two) two HR related recommendations to help resolve the identified issues.
Answers
Answer:
i want to see the answer to this question
How much interest does a $407 investment earn at 6% over seven years?
Answers
Lala Company accounts for noncurrent assets using the cost model. On October 1, 2019, Lala classified a noncurrent asset held for sale. At that date, the asset’s carrying amount was P1,600,000, its fair value was estimated at P1,100,000 and the cost to sell at P100,000. On December 15, 2019, the asset was sold for net proceeds of P925,000. What amount should be included as an impairment loss in Lala’s statement of comprehensive income for the year ended December 31 ,2019?
Answers
Answer:
you add 1,600,000 + 1,100,000=2,700,000 - 100,000=2,600,000+925,000= your finally answer is 3,525,000
Explanation:
Answer:
3,525,000
Hope this helps! Good luck! :)
Calculate the present values P of an annuity in which $10,000 is to be paid out annually for a period of 25 years, assuming an interest rate of 0.03. Round to the nearest dollar.
Answers
The present value of the annuity, which is the present worth of a series of equal payments, can be calculated by discounting each payment to its present worth. Annuity is $5,164.
To calculate the present value of an annuity, we use the formula:
\(PV = A / (1 + r)^t\)
where:
A = $10,000 (annual payment)
r = 0.03 (interest rate)
t = 25 (number of years)
Plugging in the values:
\(PV = $10,000 / (1 + 0.03)^25PV = $10,000 / 1.03^25PV = $10,000 / 1.945623065PV = $5,164.48\)
Rounding to the nearest dollar:
PV = $5,164
So, the present value of the annuity is $5,164.
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Calculate the present values P of an annuity in which $10,000 is to be paid out annually for a period of 25 years, assuming an interest rate of 0.03. Round to the nearest dollar?
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $190,000 are payable at the beginning of each year. Each is a finance lease for the lessee. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Situation 1 2 3 4 Lease term (years) 7 7 8 8 Lessor's and lessee's interest rate 10% 12% 11% 11% Residual value: Estimated fair value $ 0 $ 68,000 $ 9,800 $ 68,000 Guaranteed by lessee $ 0 $ 0 $ 9,800 $ 78,000
Answers
At a rate of 11%, the present value of a 12-year annuity is 7.2065. The lease ability is $620,000, and the annual lease payments are $86,033.44.
What are the lease payments each year?The total amount of lease payments due for each 12-month period beginning on August 1 is referred to as the annual lease payment.
The following data are used to determine the annual payments.
The leased asset's fair value is $620,000; the lease term is 12 years; the lessor's rate of return is 11 percent. As a result, the formula yields the present value of an annuity due in 12 years at a rate of 11 percent, which is 7.2065.
The lease ability is calculated by multiplying the annual rent payment by the present value of the due annuity.
Thus, the rent payment for the year is the same as the one we calculated earlier.
Therefore, the lease ability equals $620,000 and is equal to $86,033.44 divided by 7.2065.
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Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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How is tourism going to relief poverty in South Africa?
Answers
Explanation:
As efforts to "make poverty history" build in the West ahead of the G8 summit, and the UK-sponsored Commission for Africa raises the continent in the British public's consciousness, tourism may be one of the ways in which development can be attained.
Here is a attached photo to my problem needing a answer
Answers
Answer:
That is a good photo that is a problem that needs an answer.
Explanation:
It doesn't have a photo :))
According to the Fixed or Variable Cost learning activity, a manager's salary is a _____ cost.
A.
all of these choices
B.
variable
C.
fixed
D.
operating
Answers
Answer:
D
Explanation:
Question 17 of 25
In the business cycle, which term best fits the labeled point on the graph?
Production output
Time
Answers
Answer: Trough
Explanation:
Just took the test
In the business cycle, trough best fits the labeled point on the graph. Therefore, option (B) is correct.
What is a business cycle?
A business cycle is a recurring pattern of economic expansion and contraction, characterized by fluctuations in gross domestic product (GDP), employment, and other economic indicators. The cycle is marked by four distinct phases: expansion, peak, contraction, and trough. During the expansion phase, the economy is growing, unemployment rates are low, and consumer spending is strong.
At the peak, economic growth begins to slow, and employment levels may start to decline. During the contraction phase, the economy is in decline, with falling GDP, rising unemployment, and decreasing consumer spending. The trough marks the end of the contraction phase, and is characterized by the economy's lowest point before it begins to recover and enter the expansion phase once again. The business cycle is influenced by a variety of factors, including government policy, natural disasters, and global economic conditions.
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