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Mkey [24]
3 years ago
14

With 100 employees on staff, your company's insurance company recommended an online two-hour seminar each employee should watch

and complete regarding new safety practices. By completing the seminar, accidents costing the company $88,000 per year will be reduced by 25%. The seminar will cost $15,000 once all employees complete it. How much money will the company save
Business
1 answer:
Helga [31]3 years ago
6 0

Answer:

$7,000

Explanation:

The insurance company will actually save some money, but I doubt that your company does. We can assume that the seminar will be paid by the insurance company and it costs $15,000. After watching that seminar, accidents should decrease by 25% of an equivalent to = $88,000 x 25% = $22,000

Since the insurance company will save $22,000 with the seminar and the cost of the seminar is $15,000, its net gain = $22,000 - $15,000 = $7,000

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An innovative change involves ______ complexity, cost, and uncertainty.
Reil [10]
The answer is moderate.
5 0
3 years ago
Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $3,500 under each of the fol
Katena32 [7]

Answer:

a. The first payment is received at the end of the first year, and interest is compounded annually.

present value = annual payment x PVIFA

annual payment = $3,500

PVIFA, 12%, 5 periods = 3.6048

present value = $12,616.80

b. The first payment is received at the beginning of the first year, and interest is compounded annually.

annual payment = $3,500

PVIF annuity due, 12%, 5 periods = 4.0373

present value = $14,130.55

c. The first payment is received at the end of the first year, and interest is compounded quarterly.

present value = annual payment x PVIFA

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effective interest rate = 1.03⁴ - 1 = 12.55%

PVIFA, 12.55%, 5 periods = 3.5562

present value = $12,446.70

7 0
2 years ago
Beginning inventory, purchases, and sales for Product XCX are as follows:
9966 [12]

Answer:

Cost of merchandise sold = $483 , Closing stock = $227

Explanation:

Perpetual inventory system includes updates done, when sale or purchase transaction happens

Opening Stock = 26 units (price 15). Value = 26 x 15 = 390

Sale = 13 units, price 15. So, sales cost value =  13 x 15 = 195  

Purchase = 20 units (price 16). Value = 20 x 16 = 320

Sale = 18 units, price 16. So, sales cost value = 18 x 16 = 288

Total sales cost value, or cost of merchandise sold = 195 + 288 = 483

Closing stock = Opening stock + purchase - sales cost

= 390 + 320 - 483

= $227

4 0
3 years ago
Your company rents computers to local businesses and schools. You have 3,000 computers with a book value of $177,500. As a resul
pantera1 [17]

Answer:

The answer is $61,000

Explanation:

An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).

The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.

Impairment Loss = Book Value – Market Value

Impairment Loss = $177,500 - $116,500

Impairment loss is $61,000

5 0
2 years ago
At the end of the accounting period, houston company had $12,000 of par value common stock issued, additional paid-in capital in
amid [387]

The amount of stockholder's equity is calculated as -

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Total stockholder's equity = $ 12,000 + 11,000 + $ 12,000 - $ 4,000

Total stockholder's equity = $ 31,000

8 0
3 years ago
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