answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
myrzilka [38]
2 years ago
4

Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $9,500 for me

dical insurance and contribute an additional 5% of the employees’ $200,000 gross salaries to a retirement program.
(1) Record the entry for these accrued (but unpaid) benefits on December 31.
(2) Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet?
Business
1 answer:
Deffense [45]2 years ago
6 0

,Answer:

December 31, 202x, accrued medical insurance

Dr Medical care and insurance expense 9,500

    Cr Medical care and insurance payable 9,500

December 31, 202x, accrued contribution to retirement program

Dr Retirement program expense 10,000

    Cr Retirement program payable 10,000

Retirement program expense = $200,000 x 5% = $10,000

You might be interested in
​Pam, Pru, and Pat are deciding how they will celebrate the New Year. Pam prefers to go on a​ cruise, is happy to go to​ Hawaii,
bearhunter [10]

Answer: Option (b) is correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

The preferences of Pam, Pru and Pat are given. Therefore, according to their preferences, the opportunity cost of the trip to Hawaii for Pam and Pat is a cruise and for Pru is a skiing.  

7 0
2 years ago
Read 2 more answers
Carlos is a 25% owner of CEBJ Builders, a company that specializes in residential construction. The other 75% of CEBJ is owned b
yulyashka [42]

Answer:

$99,500

Explanation:

Adjusted gross income before considering the rental loss $118,000.

Less generated a loss of $18,500

Adjusted gross income $99,500

Carlos qualifies under the real estate professional exception due to the fact that he spends more than 50% of his personal service time in real property trade and the amount of time spent in real property trade is higher than 750 hours, he is as well the sole owner and spends more than 100hours.

Therefore the rental activity is not considered passive and he is allowed to offset the $18,500 loss against his active and portfolio income which is why Carlos'sadjusted gross income after considering the loss is $99,500 ($118,000 -$18,500)

7 0
2 years ago
A jewelry store has a discount for customers who purchase multiple pairs of earrings: after paying full price for one pair of ea
scZoUnD [109]

Answer:

Correct Statement is D

Explanation:

Provided information,

The Jewelry Store sells pair of earrings, where the discount is of 15% on the price of second pair.

This states that the consumer will always be willing to pay the cost of first pair in full, whenever the customer buys such pair, whether alone or with some additional pair.

Thus the willingness to pay for any pair after purchase of first pair of earrings will always be less than the cost of first pair, as the amount paid for first pair is $40 and that for second pair costing $40 but purchased for $34 as because there was discount on second pair.

In the given case John purchased the second pair because there was discount, else John has bought the same pair for $40.

Thus his willingness for second pair is always lower than the price of first pair.

Correct Statement is D

3 0
2 years ago
Using the world bank index how many us dollars would buy the same amount of rupees as 862800
Strike441 [17]

With the current exchange rate provided by the word bank, 1 US dollar would be the equivalent of 64.43 Indian Rupees or INR. By knowing this exchange rate, you can simply divide the given amount which is 862,800 Indian Rupees by 64.43 INR. After dividing the two amounts, you will probably have 13,391.28 as your answer. There are a lot of ways in the digital age to convert currencies right now. However, when you exchange your money in exchange centers,do not expect to have the same amount you just calculated since you will be paying for a few taxes and service fees.

5 0
2 years ago
Watchful Eyes Industries manufactures a multitude of safety products like burglar alarms, smoke detectors, surveillance cameras,
CaHeK987 [17]

Watchful Eyes would probably benefit from departmentalization by Customer type .

<u>Explanation: </u>

The departmentalization applies to the hierarchical structure and partnership between the company and different departments and management roles. As a company expands, its divisions are expanded and more site-units are formed, introducing more management layers.

LA Gear is also an example of a company utilizing departmentalization of the product. The system is based on its wide range of products like female footwear etc. Departmentalization of the operation – Grouping of product/service processes or customer flow behaviour

Departmental business services–Grouping on the level of specific clients or consumer forms, Jobs may be classified by the group of customers the company represents. I assume that each organization's customers have a specific set of problems and criteria which specialists can better fulfill.

7 0
2 years ago
Other questions:
  • Ben Chang noticed that his store was lagging in sales. He realized that his staff was not experienced enough. As the store manag
    15·2 answers
  • ____ analysis involves studying various market parameters in order to predict future price movements of stock.
    8·2 answers
  • Sasha's new company has told her that she will be required to move at her own expense in two years. What should she consider bef
    15·2 answers
  • Marco owns the following portfolio of stocks. What is the expected return on his portfolio?
    11·1 answer
  • Huai takes out a $3,600 student loan at 6.6% to help him with 2 years of community college. After finishing the 2 years, he tran
    13·1 answer
  • Mcmurtry Corporation sells a product for $160 per unit. The product's current sales are 12,700 units and its break-even sales ar
    15·1 answer
  • Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and
    14·1 answer
  • A group of civic-minded merchants in Eldora organized the Committee of 100 for establishing the Community Sports Club, a not-for
    12·1 answer
  • Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower. This means t
    14·1 answer
  • Presented below is a combined single-step income and retained earnings statement for Hardrock Mining Co. for 2017.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!