1answer.
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
kondaur [170]
3 years ago
5

The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as

well as a place to invite important clients before a lucrative business deal. XYZ Inc. also provides membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are called
Business
1 answer:
wel3 years ago
4 0

Answer:

Perquisites.

Explanation:

Perquisite is defined as non wage compensation that an employee benefits in addition to normal salary.

When an employee exchanges his salary for some other form of compensation it is called salary packaging.

In this scenario the CEO enjoys benefits such as the use of a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal.

Also he has membership to an exclusive country club to its CEO.

You might be interested in
JavaPro Systems is a​ start-up company that makes connectors for​ high-speed Internet connections. JavaPro Systems has budgeted
Iteru [2.4K]

Answer:

$429.60 Favorable

Explanation:

Provided information,

Standard Hours for each product = 3 hours

Standard Cost per hour = $14.00

Actual hours used = 198

Actual output = 80 connectors

Standard hours for actual output = 80 \times 3 = 240 hours

Actual Rate = $14.80 per hour

Direct labor cost variance = Standard Cost - Actual Cost

Standard Cost = Standard hours \times Standard Rae

= 240 \times $14 = $3,360

Actual Cost = 198 \times $14.80 = $2,930.40

Variance = $3,360 - $2,930.40 = $429.60

Since actual cost is less than standard variance is favorable.

$429.60 Favorable

3 0
3 years ago
A company that sells running shoes online wants to compare two new marketing strategies. They will test the strategies on 10 wee
PIT_PIT [208]

Answer:

The explanation of the three factors and they conclusion are below.

Explanation:

To begin with, when we talk about experimental units we refer to the entities that the researcher looks forward to make inferences about, so that means that in this case the experimental units of the situation will be all the people who got to visit the website in both schedules, the morning shift and the afternoon shift.

Secondly, the treatments is understood to be the process or the way, it could be said, that the researchers administrate to the experimental units. So that implicates that in this case the treatments will be the morning with its comfort described and the afternoon on the other side with its discounted prices shown.

Finally, the most probable outcomes for this experiments will be that the statics will show how the people interact with the variables and which of them generated more interest, that being either price or comfort. It will also show the behavior of the people when it comes to understand if the tend more to visit the web site at morning or afternoon.

6 0
2 years ago
Whispering Winds Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to
k0ka [10]

Answer:

Aug. 1 Issues shares of common stock to investors in exchange for $10,800.

<u>Accounting equation:</u>

Asset + 10,800

Equity +10,800

<u>Journal entry:</u>

cash   18,000 debit

  common stock   18,000 credit

Aug. 4 Pays insurance in advance for 3 months, $1,200.

<u>Accounting equation:</u>

Asset  + 1,200

Assets <u>- 1,200</u>

Net              0

<u>Journal entry:</u>

prepaid rent    1,200 debit

          cash              1,200 credit

Aug. 16 Receives $730 from clients for services rendered.

<u>Accounting equation:</u>

Asset  + 730

Equity +730

<u>Journal entry:</u>

cash       730 debit

  revenues   730 credit

Aug. 27 Pays the secretary $580 salary

<u>Accounting equation:</u>

Asset  - 580

Equity - 580

<u>Journal entry:</u>

salaries expense  580 debit

         cash                    580 credit

Explanation:

We need to disclose how the impact in the accounting equation and the journal entry should be done:

Aug 1st the common stock is an equity account that is increasing

we receive cash that is an asset

August 4th we are using our cash to pay in advance the rent.

this gives a right to use the rental space for 3-months thus, it is not an expense is a new asset. There is no change in the accounting equation only the composition of assets changed.

August 16th we recognize earnings through revenues account this increases the equity of the company as well as assets.

August 27th in this case we pay the salaries which are an incurred cost, therefore, expense. This decreases equity.

We also use cash making assets to decrease as well.

6 0
3 years ago
Institute for Marine Cargo Clauses Coverage C:
Soloha48 [4]

Answer: A

Explanation:

Coverage C is the one of the Institute Marine Cargo Clauses and it is also referred to as a "named perils policy". It lists risks that will be covered and the list is limited to stranding, fire, collision, jettison and sinking. It does not include damages from rough weather, water damages, washing overboard and losses while loading and unloading.

Coverage C is insufficient for containerized goods, except goods that will not be affected by an international journey and, there won't be a major loss if lost overboard. Coverage C fits bulk cargo, as a loss is unlikely unless the ship has a major damage.

4 0
3 years ago
Cosmos company on july 15 sells merchandise on account to cajon co. for $6,000, terms 2/10, n/30. on july 20 cajon co. returns m
faust18 [17]
On July 15, there is pending 6000 on the cash account.

Then on July 20, Cajon Co. returns the merchandise of 1000, so the pending cash decreases and now it is only 5000.

Afterwards, on July 24, Cajon paid for the merchandise. Since the credit terms is 2/10, 2 percent discount will be given if they paid within 10 days. So 5000 multiplied by . 02 = 100. 5000 - 100 = $4900 is the amount of cash received.
8 0
3 years ago
Other questions:
  • Smitty Museum purchased the copyright to a piece of artwork for $925,000. Smitty plans to reproduce 2.1 million posters of the a
    8·1 answer
  • Read the following paragraphs about four films and then identify the purpose of each paragraph: to summarize, to analyze, to syn
    11·1 answer
  • Find the APR or stated rate in each of the following cases and show calculations:&lt;?xml:namespace prefix = o ns = "urn:schemas
    7·1 answer
  • Assuming all other variables that affect supply are held constant, which of the following outcomes happen in the market for DVD
    5·1 answer
  • The following information relates to the manufacturing operations of the JNR Printing Company for the year:
    10·1 answer
  • Ron,a new associate at Barkley and Sons,is working to cultivate personal relationships with individuals outside of his departmen
    9·1 answer
  • What category of the Thomas-Kilmann Conflict Mode Instrument involves giving in to the customer at the expense of the organizati
    5·1 answer
  • During its first year of operations, Mack’s Plumbing Supply Co. had sales of $650,000, wrote off $10,400 of accounts as uncollec
    10·1 answer
  • Please help economics
    13·2 answers
  • At base, the mainstream concept of poverty translates to a. sufficient hard currency but insufficient purchasing power. b. an al
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!