Belkin co provides medical care and insurance benefits to its retireees in the current year belkin agrees to contribute 5% of the employees 310000 gross salaries to a terirement program what is the amount of employee benefits expense for the current period?
a. $25
b. $100
c. $250
d. $12,500
e. $25,000

Answers

Answer 1

Answer: 15,500

Explanation:

From the question, we are informed that Belkin co provides medical care and insurance benefits to its retireees in the current year Belkin agrees to contribute 5% of the employees 310000 gross salaries to a terirement program.

The amount of employee benefits expense for the current period will be calculated as:

= 5% × 310,000

= 5/100 × 310,000

= 0.05 × 310,000

= 15,500


Related Questions

Which secondary effect of advertising refers to a change in the customer’s opinion of the product over a period of time?

Answers

The Carryover Effect in Advertising is the rate at which the effectiveness of an advertising campaign diminishes over time

Thornton, inc., had taxable income of $127,682 for the year. The company's marginal tax rate was 34% and its average tax rate was 23.7%. Tow much did the company have to pay in taxes for the year?
a. $28,883.
b. $29,227.
c. $27,525.
d. $30,471.

Answers

Answer:

Are you sure you copied the options correctly?

When you do the math, $127,682 x 0.237 = $30,261

the closest option is d. $30,471.

average tax rate = $30,471 / $127,682 = 23.86%,

Explanation:

the company's total tax liability = total taxable income x average tax rate

total amount of taxes paid = $127,682 x 23.7% = $30,260.63 ≈ $30,261

The formula used to calculate average tax rate = total taxes paid / total taxable revenue. To determine total taxes paid you just need to adjust this formula.

The determination of the size of a sales force is usually done via some estimation of expected ___________

Answers

Answer:

workload

Explanation: had the same quiz not a long time ago

EASY ANSWER
You should plan to arrive _____ minutes early for an interview.

fifteen
ten
twenty
five

Answers

Answer:

10 or 15 bc of my mom

Explanation:

Answer:

Fifteen

Explanation:

who is itachi uchiha​

Answers

Answer:

older brother of Sasuke Uchiha and is responsible for killing all the members of their clan, sparing only Sasuke. :)

Explanation:

Answer:

Itachi was a kind-hearted human being by nature but he was FORCED into doing all the horrible acts and to live as a Rogue. It were Danzo and Tobi who played on Itachi's kindness and his love for Sasuke to force him into committing a genocide.

MPA is a very rare auto immune disease that causes antibodies to attack blood cells causing them to bleed as they become damaged and inflamed. MPA also attacks the vital organs of the body and causes bleeding, coughing, and fatigue which Itachi shows throughout the series.

He has incredibly keen battle sense, an uncanny ability to analyze techniques and find their weak spot, he matured his sharingan at an incredibly young age, he's a beast in shuriken jutsu, fire jutsu, and many Uchiha techniques (probably knows Uchiha Reflection), with Tsukuyomi he can bend space and time at a whim.

ITACHI IS MY  SECOND FAVORITE CHARACTER

Explanation:

Please help me Im stuck on this

Answers

It is a stock. C. The answer is stock

What is the main advantage of having a skill set with a high market value?
A. Worker organizations have a major need for those skills.
B. Employers are willing to pay more for those skills.
C. There are fewer regulations restricting those skills.
D. Workers are more productive per hour using those skills.

Answers

Answer:

Option B

Explanation:

In simple words, the main benefit of having a high market value is that one will get a high price for the services he or she will provide. Their job will remain stable and they can lead a good life with the compensation they will receive.

Thus, from the above we can conclude that the correct option is B.

Hailey bought her house in 2015 for $350,000. Since then, she has deducted $55,000 in depreciation associated with her home office and has spent $20,000 replacing all the old pipes and plumbing. She sells the house on July 1, 2019. What is Hailey's adjusted basis at the date of the sale?

Answers

Imma take a guess and say that he’d adjusted basis is 275,000

The revenue cycle is a major cycle for most companies. Accounts receivable, revenue, and other accounts are tested through this cycle. Often there are misstatements found, including errors and/or fraud by the client.
CONCEPT REVIEW: It is important in testing any cycle, especially revenue, to realize that misstatements will occur and to try to distinguish between errors and fraud
1. Many instances of misstatement are based on the inappropriate recognition of_______
2. One way to avoid misstatement of revenue is to ensure the client has proper______
3. Revenues are deemed to be earned when the company has______ what it must do to fulfill its obligation
4. Side______ can substantially alter the terms of a sale.
5. _______ needs to be assured in order to recognize revenue.

Answers

Answer and Explanation:

1. The misstatement would depend on  when there is inappropriate revenue recorded

2. For avoiding the revenue misstatement, the client should have to cut off the policies

3.  The revenues are earned at the time when the company achieved or accomplished for fulfiling its obligation

4.  The side agreements could modify the terms of sales

5. For recording the revenue, the collectibility needs to be confirmed

Ferris Company began 2018 with 6,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January 2018 are as follows:
Purchases
Date of Purchase Units Unit Cost* Total Cost
Jan. 10 5,000 $ 7 $ 35,000
Jan. 18 6,000 8 48,000
Totals 11,000 83,000
*Includes purchase price and cost of freight.
Sales
Date of Sale Units
Jan. 5 3,000
Jan. 12 2,000
Jan. 20 4,000
Total 9,000
8,000 units were on hand at the end of the month.
Required:
Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives:
1. FIFO, periodic system.
2. LIFO, periodic system.
3. LIFO, perpetual system.
4. Average cost, periodic system.
5. Average cost, perpetual system.
Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system.

Answers

Answer:

date of purchase    units        cost per unit         total cost

beginning inv.         6,000        $6                       $36,000

January 10               5,000        $7                       $35,000

January 18               6,000        $8                       $48,000

total                         17,000       $7                       $119,000

date of sale             units        

January 5                3,000        

January 12               2,000        

January 24              4,000        

ending inventory = 8,000 units

1. FIFO, periodic system.

ending inventory = (6,000 x $8) + (2,000 x $7) = $62,000

2. LIFO, periodic system.

ending inventory = (6,000 x $6) + (2,000 x $7) = $50,000

3. LIFO, perpetual system.

COGS = (3,000 x $6) + ((2,000 x $7) + (4,000 x $8) = $64,000

ending inventory = $119,000 - $64,000 = $55,000

4. Average cost, periodic system.

ending inventory = 8,000 x $7 = $56,000

5. Average cost, perpetual system.

COGS = (3,000 x $6) + ((2,000 x $6.625) + (4,000 x $7.3125) = $60,500

ending inventory = $119,000 - $60,500 = $58,500

Type the correct answer in the box. Spell all words correctly.

Identify the buying or selling process described in the given scenario.

Donna runs a men's apparel manufacturing company. She is reviewing the different suppliers who can supply her company with the required
raw materials.

Donna is going to engage in
buying ______?

Answers

Explanation:

Donna is going to engage in

buying raw materials?

A one-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $40 and the risk-free rate of interest is 10% per annum with continuous compounding. a. What are the forward price and the initial value of the forward contract? b. Six months later, the price of the stock is $45 and the risk-free interest rate is still 10%. What are the forward price and the value of the forward contract?

Answers

Answer:

The correct solution is:

(a) $44.21

(b) $47.30

Explanation:

(a)

According to the question,

Stock price,

S = $40

Risk free rate,

r = 10%

 = 0.10

Delivery rate,

t = 1

Mathematical constant,

e = 2.72

Now,

The forward price will be:

⇒ [tex]F= S\times e^{(r\times t)}[/tex]

On substituting the estimated values, we get

⇒     [tex]=40\times 2.72^{(0.10\times 1)}[/tex]

⇒     [tex]=44.21[/tex] ($)

(b)

6 months later,

The forward price will be:

⇒ [tex]F= S\times e^{(r\times t)}[/tex]

⇒     [tex]=45\times 2.72^{(0.10\times 1)}[/tex]

⇒     [tex]=47.30[/tex] ($)

The initial value becomes assumed to be zero (0) since forward contracts constitute procurement deals which really determine the exchanging of a particular property though on a fixed period although at a price that has been accepted today.

Find the area of the curved surface of a cylinder having a radius 16 cm and length 38 cm.Express the area in meters.​

Answers

Answer:

1216πm^2

Explanation:

radius of cylinder= 16 cm

height of cylinder = 38 cm

Then,

Curved surface area = 2πrh

= 2×22/7×16×38

=3821.72m^2 or 1216πm^2

Give an example of an official in public service who failed to show probity, and explain your
answer. :

Answers

Answer:

The perfect and perhaps most commonly known is former U.S. President Richard Nixon.

Explanation:

Nixon was President of the United States from 1969 to 1974, he was elected for two periods, but he only finished one and less than half the other one. The reason is that he was embroiled in the Watergate scandal: an espionage campaign of the Democratic Party from Republican officials, including Nixon himself.

With these acts, Nixon, as the highest public official in the nation, failed to show probity, and dishonored the office of the president. He was quick to renounce the presidency, and would have faced legal challenges if not for his Vice President, Gerald Ford, who became president as his replacement, and issued him a presidential pardon immediately after.

Which of the following post-secondary education options operates as an educational nonprofit organization who receives funding through tuition, donations and endowments? Private universities Vocational and trade schools Community colleges Public universities

Answers

Answer:

Private universities

Explanation:

Private universities is the post-secondary education options which operates as an educational nonprofit organization who receives funding through tuition, donations and endowments. The Public Universities are mainly funded by state government, Vocational/Trade Schools are schools which focus on specific topics or careers and Community College are schools which issue 2 years degree which options to transfer to Public or private university.

Private universities mainly operate as a non-profit organisation but one who revenues for operation majorly from tuition fee.

Most food service establishment before the 18th century cater to ____.
1. Farmers
2.travelers
3. city dwellers
4. Royalty

Answers

Farmers are the only ones
I’m not sure I say farmers

What is equilibrium in econ

Answers

Answer:

when supply meets demand

Explanation:

Answer:

Equilibrium in Economics means the supply of a good is equal to the demand of a good.

Explanation:

Most state and local income taxes are either

Answers

Answer:

tax collected on the purchase price of goods or services

Explanation:

tax collected on the purchase price of goods or services

Most state and local income taxes are either tax collected on sales.

What is Tax?

Tax are levy or due paid by an individual, organization or firm. It is paid to the government purse and the money is used by the government for their spending.

The payment is compulsory and the amount to aly is determined by the government.

Therefore, most state and local income taxes are either tax collected on sales.

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For 2018, Gourmet Kitchen Products reported $23 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 10% and its federal-plus-state income tax rate was 35%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2018?

Answers

Answer:

$1,750,000

Explanation:

Calculation for how much value did management add to stockholders' wealth during 2018

First step is to calculate the Operating income

Operating income=23 million-18 million

Operating income= 5 million

Now let calculate the EVA=

EVA= (5,000,000 *(100-35%))-($15,000,000*10%)

EVA=($5,000,000*65%)- ($15,000,000*10%)

EVA=$3,250,000-$1,500,000

EVA=$1,750,000

Therefore the amount of value that the management add to stockholders' wealth during 2018 will be $1,750,000

Tom O'Brien has a 2-stock portfolio with a total value of $100,000. $65,000 is invested in Stock A with a beta of 0.75 and the remainder is invested in Stock B with a beta of 1.42. What is his portfolio's beta

Answers

Answer:

Beta= 0.9845

Explanation:

Giving the following information:

Stock A:

Investment= $65,000

Beta= 0.75

Stock B:

Investment= $35,000

Beta= 1.42

To calculate the beta of the portfolio, we need to use the following formula:

Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)

Beta= (0.65*0.75) + (0.35*1.42)

Beta= 0.9845

Glenn is an accountant who races stock cars as a hobby. This year Glenn was paid a salary of $83,000 from his employer and won $2,300 in various races. What is the effect of the racing activities on Glenn's taxable income if Glenn has also incurred $4,500 of hobby expenses this year?

Answers

The answer is 40,000

а.
When organizing your business writing, you want to make sure that
Your name is at the top right corner
b. The main idea is at the very beginning
C Each sentence contains many ideas
d Each point has some fluff to make it longer

Answers

Answer:

B

Explanation:

You dont want to do the other things, as those are unprofessional

When organizing your business writing, you want to make sure that the main idea is at the very beginning. The appropriate response is option B.

What makes an effective business writing?

Writing that is employed in a professional environment is known as business writing. It is an intentional piece of writing that effectively, succinctly, and clearly delivers pertinent information to the reader. Client proposals, reports, notes, emails, and notifications are all included.

Companies utilize business writing as a communication tool to reach both their internal and outside audiences. Emails, memoranda, letters, reports, and promotional materials are all included.

Effective business writing is characterized by clarity of concept, conciseness, proper syntax and sentence structure, and simple language.

To learn more about business writing

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MCDONALDS GIVE DIRECTIONS

Answers

Answer:

TAKE A LEFT

Explanation:

ON 123 SESAME STREET

yessssssssssssssssssssssss

The corporate certificate issued to an investor that has loaned money to the corporation or government is called a:________.

Answers

Answer:

Bond

Explanation:

The bond is a security of debt in which the issuer owes the debt holder and based on the terms and conditions of the bond have the obligation or responsibility to pay them the interest i.e. coupon or to make the repayment of the principal amount at some future date i.e. maturity date. Here the interest could be paid on monthly, semiannual, etc basis

Also the certificate is to be issued to an investor regarding the money loaned to the government

Therefore the above is the answer

Retained earnings can be decreased by all of the following except for Group of answer choices stock splits. some disposals of treasury stock. stock dividends. cash dividends.

Answers

Answer:

stock splits.

Explanation:

Retained earnings also known as accumulated earnings, can be defined as the total amount of net income held by a corporation for its future use after paying out dividends to its shareholders.

The retained earnings statement refers to a financial statement that enumerate changes in retained earnings for an organization over a specific period of time. The retained earnings statement is the statement of owner's equity that outlines details of changes in the amount of retained earnings (profits) over a specified period in an organization.

The main purpose of preparing a retained earnings statement is to boost investor's confidence and improve market value.

Retained earnings can be decreased by the following; some disposals of treasury stock, stock dividends, cash dividends except for stock splits.

The FDA banning a specific product that a company sells is an example of:_________
a. Systematic risk that cannot be diversified away.
b. Company-specific risk that cannot be diversified away.
c. Market risk that can be diversified away.
d. Diversifiable risk that cannot be diversified away.
e. Unsystematic risk that can be diversified away.

Answers

Answer: unsystematic risk that can be diversified away

Explanation:

The FDA banning a specific product that a company sells is an example of unsystematic risk that can be diversified away.

The above scenario is simply a company related risk and therefore an unsystematic risk but it can actually be diversified away by proper utilization and allocation of resources. Therefore, the correct option is E

best definition of a business cost

Answers

Cost denotes the amount of money that a company spends on the creation or production of goods or services. It does not include the markup for profit. From a seller's point of view, cost is the amount of money that is spent to produce a good or product.

Answer:

The Business Cost includes all the costs (fixed, variable, direct, indirect) incurred in carrying out the operations of the business. It is similar to the real or actual costs that include all the payments and contractual obligations along with the book cost of depreciation on both the plant and equipment.

Explanation:

Which of the following is NOT a factor affecting the cost of insurance?

Business history

Location of business

Business management style

Competition of the business

Answers

Answer:

compitition of the bussiness

Kyla is a salesperson for Liberty Financial Corporation. Micky is also a Liberty salesperson. Neil is Kyla and Micky's supervisor. Owen is a Liberty customer. Liberty may be liable for sexual harassment to Kyla by

Answers

Answer:

Mickey, Neil, or Owen

Explanation:

Petersen Company has a capital budget of $1.0 million. The company wants to maintain a target capital structure that is 55% debt and 45% equity. The company forecasts that its net income this year will be $800,000. If the company follows a residual distribution model and pays all distributions as dividends, what will be its payout ratio?

Answers

Answer: 43.75%

Explanation:

Payout ratio = Dividends paid / Earnings

Company has a Capital budget of $1 million which must be financed by 45% equity.

= 1,000,000 * 45%

= $450,000

This will be taken from the Net income which would leave the following for dividends;

= 800,000 - 450,000

= $350,000

Payout ratio = 350,000/800,000

= ‭0.4375‬

= 43.75%

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