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2 years ago

The premiums paid by the employer in a business life insurance policy are

1 answer:

3 0

<span>A life or health insurance policy is owned by an employee, but the premiums are paid by the employer: o The premiums are treated as taxable income to the employee. o The employer may deduct the premiums against business income as long as the premiums are a reasonable business expense.</span>

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Review your pre and post scores from "Where Are You Now." Did your scores improve? What activities did you complete that facilit

DIA [1.3K]

Answer:

what do you mean did our scores improve, if so, idk yet

3 0

2 years ago

What do the income effect, the substitution effect, and diminishing marginal utility have in common?

Sveta_85 [38]

Answer:

They all help explain the downsloping demand curve

Explanation:

The options to the question wasn't provided. The complete question can be in the attached image.

The demand curve slopes downward from left to right. This indicates that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Income effect is a change in quantity demanded when real income change. Quantity demanded increases when real income increases and decreases when real income falls.

Substitution effect says that consumers would substituite to the consumption of a cheaper good when the price of a good originally consumed increases.

Diminishing marginal utility states that as consumption increases, utility derived from consumption falls and quantity demanded falls.

I hope my answer helps you

3 0

2 years ago

Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu

Romashka [77]

Answer:

D) $32,624,514.

Explanation:

Installments (A) = $10,070,000

Principal due (B) = $39,169,279

Interest Payment (C) =B x 9% = $39,169,279*9%

Interest Payment (C) = $3,525,235

Principal Payment (D) = A - C

Principal Payment (D) = $10,070,000 - $3,525,235

Principal Payment (D) = $6,544,765

Total Due (E) = B - D

Total Due (E) = $39,169,279 - $6,544,765

Total Due (E) = $32,624,514

So, after the first payment was made, the note payable liability on December 31, 2016 is closest to $32,624,514

7 0

2 years ago

On July 1, 2021, Ross-Livermore Industries issued nine-month notes in the amount of $400 million. Interest is payable at maturit

Novay_Z [31]

Answer:

accrued interest owed at the end of the year = $400 x interest rate x 6/12 months

the interest rate was not given, but we can assume that it was 5% just as an example:

total accrued interest expense = $400 x 5% x 6/12 = $10

the journal entry would be

December 31, 2021

Dr Interest expense 10 million

Cr Interest payable 10 million

8 0

2 years ago

Accounting profit differs from economic profit because:

Mariana [72]

Answer:

The correct option is D,economic costs are generally higher than accounting costs because economic costs include all opportunity costs, while accounting costs include explicit costs only.

Explanation:

Economic costs are usually higher because economic costs comprises of both implicit and explicit costs whereas accounting profit calculation only consider the explicit costs.

Explicit costs are the costs that require actual cash flows from the business such as the payment of rent,salaries and many more.

However,implicit costs are not real costs in actual term,they are costs of forgone benefits such as the salaries the business owner if he takes employment elsewhere.

6 0

2 years ago

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