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4 years ago

Strategy-making is

Business

1 answer:

astraxan [27]4 years ago

6 0

Answer:

A. Primarily the responsibility of key executives rather than a task for a company's entire management team

Explanation:

The role of strategy-making is mainly for key executives in an organization

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Determine the gross income of the beneficiaries in the following cases:

olga nikolaevna [1]

Answer:

1. Justin’s employer was downsizing and offered employees an amount equal to one year’s salary if the employee would voluntarily retire.

the compensation is included in Justin's gross income.

2. Trina contracted a disease and was unable to work for six months. Because of her dire circumstances, her employer paid her one-half of her regular salary while she was away from work.

the compensation is included in Trina's gross income.

3. Coral Corporation collected $1,000,000 on a key person life insurance policy when its chief executive died. The corporation had paid the premiums on the policy of $77,000, which were not deductible by the corporation.

the benefits are included in the company's taxable income, but the premiums paid are deductible

4. Juan collected $40,000 on a life insurance policy when his wife, Leona, died in 2020. The insurance policy was provided by Leona’s employer, and the premiums were excluded from Leona’s gross income as group term life insurance. In 2020, Juan also collected the $3,500 accrued salary owed to Leona at the time of her death.

the life insurance policy proceeds are not taxable, but the accrued salaries are taxed

8 0

3 years ago

Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted se

pishuonlain [190]

Answer:

Estimated cost of goods sold $ 3,964,800

Gross Margin $ 991,200

Explanation:

Estimated sales units and sales revenue

June 8,800 units

July 19,000 units

August 21,000 units

September 22,000 units

Total estimated sales 70,800 units

Sales price per unit $ 70

Total Sales Revenue $ 70 * 70,800 units = $ 4,956,000

Computation of cost of goods sold

Direct Material

5 pounds * 70,800 units * $ 2.40 per pound $ 849,600

Direct Labor

2 labor hours * 70,800 units * $ 12 per hour $ 1,699,200

Variable Manufacturing Overhead

$ 10 * 70,800 units * 2 labor hours $ 1,416,000

Cost of goods sold $3,964,800

Computation of gross margin

Sales Revenue $ 4,956,000

Cost of goods sold $ 3, 964,800

Gross Margin $ 991,200

3 0

3 years ago

What is the largest type of financial institution ?

Alecsey [184]

1.) Commercial Bank
2.)Advisory Firms
3.)Mutual Funds
4.)Insurance Companies

7 0

2 years ago

Everfi answers module 7 answers if you cause a car accident, which type of insurance will require you to pay the least out of po

seropon [69]

If you cause a car accident, which type of insurance will require you to pay the least out of pocket? A low deductible plan. When you have a low deductible plan, you are going to pay less out of pocket because you will likely meet your out of pocket max in a short timeframe. When you meet your out of pocket max, you hit your deductible amount that needs to be paid by you and then your insurance will handle the rest.

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3 years ago

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A(n) ____ is a professional communication that accompanies your résumé when you respond to a job advertisement or are simply int

Grace [21]

A cover letter is the professional communication .

6 0

3 years ago