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Maslowich
3 years ago
15

Jill's employer has a compensation package that includes vacation pay, retirement, and life insurance but allows all employees t

o choose which compensation they prefer. This is known as a _______.
Business
1 answer:
Natalija [7]3 years ago
7 0
This is Employee compensation.
Jill's employer has a compensation package that includes vacation pay, retirement, and life insurance but allows all employees to choose which compensation they prefer. This is known as a  Employee compensation.
You might be interested in
Pina Corporation began operations on January 1, 2014. During its first 3 years of operations, Pina reported net income and decla
Sophie [7]

Answer:

The retained earnings statement showed a closing retained earnings of $226,120.00  as at 2017 year end.

Explanation:

In arriving at the closing retained earnings , I treated prior items retrospectively- that is as if the impact of such items have been in the accounts from day one,less the tax effect of all items involved.

For instance ,I deducted the understatement of depreciation in 2015 less of tax impact of 40%

Kindly find attached  for details.

Download xlsx
7 0
3 years ago
SartainC orporation is planning its annual budget and has the following beginning and ending inventory levels planned for the ye
Tanzania [10]

Answer:

c.530,000 grams

Explanation:

Calculation for How much of the raw material should the company purchase during the year

First step is to prepare the Production Budget

PRODUCTION BUDGET

Budgeted unit sales 170,000

Add desired ending finished goods inventory

32,000

Total 202,000

(170,000+32,000)

Less beginning finished goods inventory (22,000)

Required production in units 180,000

(202,000-22,000)

Second step is to prepare Materials Budget

MATERIALS BUDGET

Raw materials required for production 540,000

(180,000*3 grams)

Add desired ending finished goods inventory

42,000

Total raw materials needed 582,000

(540,000+42,000)

Less beginning finished goods inventory (52,000)

Required material purchases 530,000 grams

(582,000-52,000)

Therefore the amount of the raw material that the company should purchase during the year is $530,000 grams

7 0
3 years ago
Mason and Kirsty purchase 30 shares of Apple stock on January 1, 2009 for $72.49 per share. Mason and Kirsty receive $0.36 per s
zmey [24]

Answer:

  • after-tax average annual return = 14.41%
  • after tax dividends per year = $38.88

Explanation:

initial investment = 30 shares x $72.49 per share = $2,174.70

- dividends received per year = 30 shares x $0.36 x 4 (dividends paid every quarter) = $43.20

after tax dividends per year = $43.20 x 90% = $38.88

- long term capital gains = (30 shares x $183 per share) - initial investment =  $5,490 - $2,174.70 = $3,315.30

taxes on long term capital gains = $3,315.30 x 10% = $331.53

To calculate Mason and Kirsty's after tax average annual return (interest rate) we can use the excel spreadsheet =RATE function, where:

  • PV = -2174.70
  • FV = 5490 - 331.53 = 5158.47
  • Pmt = 38.88
  • Nper = 7

=RATE (nper, pmt, pv, [fv])

=RATE (7,38.88,-2174.70,5158.47) = 14.41%

5 0
3 years ago
Gray Company, a closely held C corporation, incurs a $50,000 loss on a passive activity during the year. The company has active
-Dominant- [34]

Answer:

B) False: since it is still a closely held C corporation, it cannot reduce its ordinary income through passive losses. If it hadn't been a closely held C corporation then it could have made the deductions.

Explanation:

Passive losses are losses resulting from financial activities, i.e. investments in other corporations where the investor doesn't participate in.

Passive losses cannot offset ordinary income, they must be matched against passive gains only. If passive losses exceed passive gains, they can be carried forward without limitation.

The only exception applies to C corporations that are not;

  • closely held corporations or
  • personal service corporations.

Qualifying C corporations can actually deduct passive losses from certain ordinary income.  

Closely held C Corporations are corporations where during the last 6 months, 50% or more of its stock is owned by 5 or fewer investors.

6 0
3 years ago
Markets and competition Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly c
Nadya [2.5K]

Answer:

The answer is true.

Explanation:

The sellers in the perfectly competitive market become price takers as they have to sell under the price decided in the market through supply and demand.

This is mainly because there is no way to differentiate the product to change the price. Since all goods are identical, one good is a perfect substitute for another.

7 0
3 years ago
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