Employee Benefit refers to the division of a company's profits among its workers.
Employee perks, also known as fringe benefits, perquisites, or perks, refer to various forms of non-wage remuneration given to employees in addition to their regular earnings or salaries. Employee perks, particularly in British English, also refer to rewards in kind.
Salary packaging or salary exchange arrangements are situations where an employee trades in (cash) compensation for another type of perk. The majority of employee benefits are at least partially taxable in most nations. Housing (provided by the employer or paid for by the employer), furnished or not, with or without utilities free, group insurance (health, dental, life, etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, and paid vacation are some examples of these benefits.
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Answer
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Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.
I'm going with false. Let me know.
Answer: basic information for the organization as a whole.
Explanation:
Private Not-for-profit organization as the term implies, are not operating to make a profit therefore their financial statements will generally not include measures that are aimed at showing profit like profit making organizations.
They will instead focus on talking about the entire organization as whole and what it has done so far in the current period. This is what is required of them by U.S. GAAP.
Answer:
75%
Explanation:
Given that,
Total Sales = $174,000
Total Variable expenses = $43,500
Total contribution margin = $130,500
Total fixed expenses = $86,175
Net operating income = $44,325
Overall contribution margin (CM) ratio for the company:
= (Total contribution margin ÷ Total sales) × 100
= ($130,500 ÷ $174,000) × 100
= 0.75 × 100
= 75%
