Answer:
The value after seven years from now is $231,216.29
Explanation:
The computation of the expected value would be seven years from now is shown below:
Here we use the future value formula i.e. shown below:
Future value = Present value × (1 + interest rate)^number of years
= $188,000 × (1 + 0.03)^7
= $188,000 × (1.03)^7
= $231,216.29
Hence, the value after seven years from now is $231,216.29
Many employers fail to adequately socialize or orient their new hires to the organization because they are usually busy with and it takes lot of effort to do.
<h3>Who is an employer?</h3>
It should be noted that an employer simply means an individual who pulls resources together to achieve a goal. He's the owner of the business.
In this case, many employers fail to adequately socialize or orient their new hires to the organization because they are usually busy with and it takes lot of effort to do.
Learn more about employers on:
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Answer:
Explanation:
a. Provide the journal entry for the vacation pay
Employees earned vacation pay of $39,500 for the period.
Debit Credit
Vacation pay expense A/C $39,500
Vacation payable A/C $39,500
<em>(Being vacation pay accrued for periods) </em>
b. Provide the journal entry for the pension benefit.
9% of employee salaries and the salaries were $750,000
=> The pension plan requires a contribution to the plan administrator: $750,000*9% = $67,500
Debit Credit
Pension expense $750,000
To cash A/C $67,500
To unfunded pension liabilities $683,500
Hope it will find you well.
Answer: c. Sydney can diversify 50% of her WillCo stock.
Explanation:
Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.
Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.
Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The sales budget for the year shows 50,600 units and total sales of $2,317,800.
The total unit cost of making one unit of sales is $22.
Selling and administrative expenses are expected to be $304,000.
Income taxes are estimated to be $270,180.
Income statement:
Sales= 2,317,800
COGS= (22*50,600)= (1,113,200)
Gross profit= 1,204,600
Selling and administrative= (304,000)
Tax= (270,180)
Net operating profit= $630,420
