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sdas [7]
3 years ago
5

max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay se

mimonthly for it?
Business
1 answer:
jasenka [17]3 years ago
6 0

To solve for the semimonthly payments on Max's insurance cost:

Annual insurance rate: $11,700

Employer pays 60%

What is Max's amount to pay?

(11,700)(.60) = $7,020

Max's employer pays $7,020

Max pays $4,680 (11,700-7,020)

If Max pay's $4,680 a year and we want to know but he pays semimonthly, or twice a month then we need to divide his annual payment by 24 since there are 12 months and he pays twice a month.

($4,680/24)= $195

Max pays $195 semimonthly for his insurance.

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Portions of the financial statements for Peach Computer are provided below.
mamaluj [8]

Answer:

$128,100

Explanation:

PEACH Computer

Statement of cash flow using direct method for the year ended 31 December 2018.

Cash flows from operating activity

Net income. $91,000

Adjustment to reconcile net income to net cash from operations

Depreciation expense. $47,000

Changes in working capital

Decrease in accounts re. $4,200

Increase in inventory. ($18,500)

Decrease in prepaid rent $1,700

Increase in accounts Payable $6,500

Decrease in Income tax Payable ($3,800)

Net cash flow from operating activities

$128,100

4 0
3 years ago
When choosing where to eat lunch, Sharon looks for restaurants where she will be seated promptly and served her meal quickly. Fo
Vedmedyk [2.9K]

For Sharon,<u> responsiveness </u>is the most important of the five service quality dimensions.

<h3>What is Responsiveness?</h3>

Responsiveness can be defined as the process of responding to someone quickly or promptly without delay.

Based on the given scenario Sharon want the restaurant to render or provide service to her by serving her the meal quickly as possible.  

Inconclusion <u> responsiveness </u>is the most important of the five service quality dimensions.

Learn more about responsiveness here:brainly.com/question/475234

5 0
2 years ago
In 2021, Adonis Industries changed its method of valuing inventory from the average cost method to the FIFO method. At December
Elena-2011 [213]

Answer:

<u>Retained earnings under the Balance sheet</u>

Explanation:

Making comparisons between the two inventory value when using FIFO or Average cost method=

63.0M - 47.1M = $15.9M

We see an <em>increase</em> in the ending inventory.

Thus, this increase in income has been unprecedented, and may not have been distributed to the shareholders of Adonis Industries. On the balance sheet journal entry this extra income would be indicted on the balance sheet on the retained earnings column for year 2021.

7 0
3 years ago
Read 2 more answers
Problem 13-22 The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply
Alex Ar [27]

Answer:

The answer is 150 gallons

Explanation:

First we will write out the relevant information in the question that will help us with our calculation:

Safety stock = 50 gallons

50 gallons = 9% stockout risk

??? gallons = 3% stockout risk

Next, you have to understand that the relationship between the safety stock and stockout risk is an inverse proportion. This means that the bigger the safetystock amount, the smaller the stockout risk, and vice versa. Therefore, there will be a lesser risk of running out of stock, as the safety stock amount increases.

Let g be the safety stock

Let r be the stockout risk

This relationship is represented as:

g = \frac{k}{r}

where k = a constant relating the safety stock and stockout risk.

Therefore :

g*r=k

g_1r_1=g_2r_2

where:

g₁ = 50 gallons

r₁ = 9%

r₂ = 3%

g₂ = ????

Therefore, making g₂ the subject of the formula:

g_2=\frac{g_1*r_1}{r_2}

g_2 = \frac{50*9}{3} = \frac{450}{3} = 150

Therefore, the saftey stock that would provide a stockout risk of 3% = 150 gallons.

3 0
3 years ago
Zach is very concerned about how others view him. he spends a great deal of time strategically choosing clothing and other produ
allochka39001 [22]
Impression management is the process he is involving in.
8 0
3 years ago
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