All categories

10 months ago

Today, benefit and service offerings add nearly _________ to an organization payroll costs

Business

1 answer:

Nookie1986 [14]10 months ago

5 0

Today, benefit and service offerings add nearly <u>40%</u> to an organization's payroll costs.

Employee benefits are indirect financial payments given to personnel. they will include supplementary fitness and lifestyles insurance, vacation, pension plans, education plans, and reductions. three mandatory benefits (CPP/QPP, RI, and workers compensation) account for over 50% of the organization's part of benefits.

It includes salaries, wages and social protection contribution (i.e. health insurance), paid leaves, earnings sharing and bonus, es and non-monetary advantages like automobiles, unfastened scientific facilities, free or backed items, free or subsidized lunch, etc.

Employee benefits are also known as perks or fringe benefits. this is the greater pay given to the personnel over the month-to-month salaries and wages. a few examples of worker benefits are medical health insurance, stock alternatives and medical insurance; these are a few basic blessings presented to employees.

Learn more about insurance here: brainly.com/question/25855858

#SPJ4

You might be interested in

Crimson Corp. has a component that is a discontinued operation. The component incurred a loss from operations of $40,000. The co

zavuch27 [327]

Answer:

$60,000 income tax benefit

Explanation:

Since Crimson Corp. had a loss from operations and sold the asset for a loss we know that they lost money with the asset and an income tax benefit was generated. To calculate the income tax benefit we need to add both losses: $40,000 (operation) + $160,000 (sale) = $200,000 in total losses.

$200,000 x 30% = $60,000 income tax benefit

6 0

3 years ago

At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will

lora16 [44]

Answer:

$600,000

Explanation:

For computing the overhead applied first we have to find out the predetermined overhead rate

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $800,000 ÷ 200,000 hours

= $4

Now the overhead applied is

= Actual direct labor-hours × predetermined overhead rate

= 150,000 hours × $4

= $600,000

3 0

3 years ago

Shoe Box Stores is currently an all-equity firm with 25,000 shares of stock outstanding. Management is considering changing the

denpristay [2]

Answer:

d. Sell 210 shares and loan out the proceeds at 8 percent

Explanation:

Since the firm is using 35 percent leverage, Jamie can offset the firm's leverage by selling shares and loaning out 35 percent of her investment at 8 percent interest.

Number of shares to be sold = 600 shares * 0.35 = 210 shares

7 0

3 years ago

This year, Druehl, Inc., will produce 57,600 hot water heaters at its plant in Delaware, in order to meet expected global dem

VLD [36.1K]

Answer:

The number of labor employed by the plant is 160

Explanation:

The computation of the labor employed at the plant is shown below:

= Yearly production ÷ (labor hours per month × productivity × month per year)

= 57,600 ÷ (200 hours × 0.15 × 12)

= 57,600 ÷ 360

= 160

Hence, the number of labor employed by the plant is 160 and the same is to be considered

We simply applied the above formula

8 0

3 years ago

The field of operations management is shaped by advances in which of the following fields?

natulia [17]

Answer:

E) all of the above

Explanation:

THIS ARE THE OPTIONS FOR THE QUESTION BELOW

A) chemistry and physics

B) industrial engineering and management science

C) biology and anatomy

D) information technology

E) all of the above

Operations management can be regarded as administration of business practices which brings about creation

of highest level of efficiency that can be created within an organization. It is responsible for conversion of materials as well as labor to goods/services so that profit can be maximized efficiently

in an organization. It should be noted that The field of operations management is shaped by advances in fields such as ;

✓chemistry and physics

✓management science

✓ biology and anatomy

✓information technology

✓Industrial engineering

7 0

3 years ago