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Svetllana [295]
2 years ago
12

A college professor's compensation package includes the total cost of a $325-per-month health insurance plan, the total cost of

a $65-per-month life insurance plan, and a salary of $62,000 per year. What is the yearly value of the compensation package?
Business
2 answers:
Rzqust [24]2 years ago
8 0
The correct answer to the qestion is this equation here:
$325 + $65 = $390 * 12= $4680+62000=$66680
amid [387]2 years ago
5 0

Answer

The yearly value of the compensation package is $66680 .

Explanation:

As given

A college professor's compensation package includes the total cost of a $325-per-month health insurance plan,

The total cost of a $65-per-month life insurance plan .

A salary of $62,000 per year.

Thus

Total cost of the health and life insurance =  Cost of health insurance + Cost of  life insurance

Putting the values in the above

Total cost of the health and life insurance = $325 + $65

                                                                       = $ 390

As 1 year contains 12 months .

Thus

Total cost of the health and life insurance in 12 months = 12 × Total cost of the health and life insurance .

                                                                                             = 12 × 390

                                                                                             = $4680

Yearly value of the compensation package = Gross pay + Total cost of the health and life insurance in 12 months .

                                                                        = $62000 + $4680

                                                                        = $ 66680

Therefore the yearly value of the compensation package is $66680 .

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In almost every organization offering flexible work hour plans, the time of the day during which every employee must be at work
ELEN [110]

Answer:

Abuse of work

Explanation:

Because a lerson must work for 8hours

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2 years ago
Dewey, Cheatum, and Howe is a car company that makes four models, a hybrid sport utility, a sports car, a four-door sedan, and a
Oduvanchick [21]

Answer:

The correct answer is A. Product.

Explanation:

In the departmentalization by products, all the people who participate in the process of production and commercialization of the good or service, or also the people who are located in a defined geographical area, are related in the same work unit. This process means that different areas are grouped in the same department.

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3 years ago
Read 2 more answers
Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each c
masha68 [24]

Answer:

Explanation:

There are primarily two types of costs, i.e. variable costs and the fixed costs. The variable cost is the cost which changes when the level of production changes, whereas the fixed cost is the cost which remains constant whether the level of output changes or not.

The variable costs also include indirect products, indirect labor and manufacturing equipment, and the fixed costs include taxes and depreciation costs.

The period cost is that cost which is related to the selling and admin expenses plus it is not capitalized.

Whereas the product cost is a mix of direct labor, direct material and the manufacturing overhead

So, the categorization is shown below:

1. Hamburger buns in a Wendy's outlet. = variable and product cost

2. Advertising by a dental office. = Fixed and period cost

3. Apples processed and canned by Del Monte. =  variable and product cost

4. Shipping canned apples from a Del Monte plant to customers. = variable and period cost

5. Insurance on a Bausch & Lomb factory producing contact lenses. = fixed and product cost

6. Insurance on IBM's corporate headquarters.= fixed and period cost

7 0
3 years ago
John Fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay the remainder of the cost in s
vesna_86 [32]

Answer:

C $ 596.39

total payment          7,156.68

Interest expense     2,156.68

Explanation:

6,000  -  1,000 = 5,000 amount to finance

We will calcualte the cuota of an annuity of 6 years with semianual payment at 12% annual rate.

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $5,000.00

time   12 (6 years times 2 payment per year)

rate            0.06 (12% annual we divide by 2 to get semiannual)

5000 \times \frac{1-(1+0.06)^{-12} }{0.06} = C\\

C $ 596.39

The total amount paid will be the cuota times the time of the loan:

Total amount paid

596.39 x 12 = 7,156.68‬

The interest will be the difference between the total amount paid and the principal of the loan

Interest paid

total payment          7,156.68

principal                 (5,000)

Interest expense     2,156.68

7 0
2 years ago
Physicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $44,000; Allo
ivanzaharov [21]

Answer:

Entry: 1. Dr bad debts expense  5500

                    Cr Allowance for uncollectible accounts  5500

Explanation:

1.Account receivable =  $44000

Allowance for uncollectible accounts(Dec,31 2021) = $1100

44000* 15% = 6600 - 1100 = $5500 Allowance for uncollectible accounts

2.  Bad debts expense =  (44000* 15%) = 6600

3. Uncollecible accounts = (Open) Allowance for bad debts + Current year Allowance.

                         =  1100 + 6600 = $7700.

4. 44000 - 7700 = $36300 net account receiable

6 0
2 years ago
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