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velikii [3]
3 years ago
9

Athena Company provides employee health insurance that costs $14,200 per month. In addition, the company contributes an amount e

qual to 5% of the employees' $142,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:________.
Debit to Employee Retirement Program Payable $7,100.
Credit to Employee Benefits Expense $14,200.
Debit to Payroll Taxes Expense $21,300.
Debit to Employee Benefits Expense $21,300.
Debit to Medical Insurance Payable $14,200.
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

Debit to Employee Benefits Expense $21,300

Explanation:

Based on the information given the Journal entry to record the accrued benefits for the month would include a Debit to Employee Benefits Expense for the amount of $21,300 calculated as:

5% × $142,000 gross salary

=$7,100

Hence employee health insurance costs $14,200 per month +$7,100

=$21,300

Therefore The entry to record the accrued benefits for the month would include a:

Debit to Employee Benefits Expense $21,300

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Answer:

compared the services that different banks offer, and learned what they charge for them.

Explanation:

This is crucial as no one would want to be trapped in a bank or bank plans or services that doesn't work for him or her.

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Lori had a great day at work and has a positive attitude. When she arrives home, she maintains this positive attitude and is in
kondaur [170]

Answer:

b. work-family enrichment

Explanation:

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8 0
3 years ago
Everything else equal, an asset's value is:
Harrizon [31]

Answer:

The correct option is A, an asset's value is inversely related to the rate of return investors require to purchase it

Explanation:

The asset value is the initial purchase price determined by discounting the future cash flows from the asset to present values using a the required rate of return.

Ultimately, the higher the required return, the lower the present value of the investment whose price is being determined and the lower the discount the rate of return used in discounting relevant cash flows to present values the higher the present values.

7 0
3 years ago
Nu Furniture has sales of $241,000, depreciation of $32,200, interest expense of $35,700, costs of $103,400, and taxes of $14,63
Svetlanka [38]

Answer:

$122,963

Explanation:

NU furniture have a sales of $241,000

The depreciation is $32,200

The interest expense is $35,700

The costs is $103,400

The tax is $14,637

Therefore, the operating cash flow for the year can be calculated as follows

= Sales-costs-taxes.

= $241,000-$103,400-$14,637

= $122,963

Hence the operating cash flow for the year is $122,963

5 0
3 years ago
If an investment is producing a return that is equal to the required return, the investment's net present value will be:
harina [27]
The net present value would be zero.

Hope this helped! :)
4 0
3 years ago
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