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hichkok12 [17]
3 years ago
9

James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membershi

p in their building. The value of the membership is $60/month . The gym is used exclusively by the employees and their families. How much, if any, must James include in his yearly gross income related to this fringe benefit?
$0.

$60.

$600.

$720.
Business
1 answer:
Ostrovityanka [42]3 years ago
7 0

Answer:

$0

Explanation:

James should not include any amount related to this fringe benefit in his yearly gross income. Since the employer provides the benefit in their own premises, and the gym is of exclusive use of employees and their families, employees are exempt of including their gym fees in their yearly gross income. If this was a public gym, then the full amount of the yearly membership would have to be included.

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Compute the payback period for each of these two separate investments: A new operating system for an existing machine is expecte
Westkost [7]

Answer and Explanation:

The computation of the payback period for each investment is shown below;

For Option 1

= Initial Investment ÷  Annual Cash Flow

= $280,000 ÷ $134,569

= 2.081 Year

Here Annual cash inflow is

= Net income + Depreciation

= $80,769 + (($280,000 - $11,000) ÷ 5)

= $134,569

For Option-2

= Initial Investment ÷ Annual Cash Flow

= $200,000 ÷ $70,429

= 2.84 Year

Here Annual cash inflow is

= Net income + Depreciation

= $44,000 + (($200,000 - $15,000) ÷ 7)

= $70,429

6 0
3 years ago
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
raketka [301]

Answer:

Standard material quantity allowed = 270 units × 8 pounds

                                                          = 2,160

Material Price variance = Actual Quantity (Standard price - Actual price)

                                      = 2,100 (3.90 - 4.00)

                                      = 210 Unfavorable

Material Qty variance = Standard price (Standard quantity - Actual quantity)

                                    = 3.90 (2,160 - 2,100 )

                                    = 234 Favorable

Total Material Variance:

= (Standard quantity × Standard price) - (Actual Quantity × Actual price)

= (2,160 × 3.90) - (2,100 × 4)

= 24 Favorable

Labour rate variance = Actual hours (Standard rate - Actual rate)

                                   = 1390(14 -13.80 )

                                   = 278 Favorable

Labor efficiency variance = Standard rate (Standard hours-Actual hours)

                                          = 14 (1350 -1390)

                                          = 560 Unfavorable

Total Labour cost variance:

= (Standard hours × Standard rate) - (Actual Hours  × Actual rate)

= (1350 × 14) - (1390 × 13.80)

= 282 Unfavorable

3 0
3 years ago
If we preempt a resource from a process, the process cannot continue with its normal execution and it must be ____________a) abo
pav-90 [236]

If we preempt a resource from a process, the process cannot continue with its normal execution and it must be rolled back .

Option B

<u>Explanation: </u>

The avoidance of energy is a tool used to crack a computer network impasse. In other terms, an operating system uses a method to break down a condition whereby each capital is used on a number of systems, each hoping for more resources.

There is an impasse when 2 or more clients wait for information to be secured, which blocks all sessions. Through rolling back the declaration associated with the contract, Oracle identifies and removes blocks automatically.

Prevents impediments by controlling how the program can seek services and how they are treated (system architecture). The goal is to allow at least one of the requirements needed for impasse can never be reached.

3 0
4 years ago
meetings are a good place to decide what business to discuss. please select the best answer from the choices provided t f
Tanya [424]
It is true that meetings are a good place to decide what business to discuss. When you are having a meeting, it means that most, if not all, of your colleagues are there, so that you can discuss whatever you want with them, since everyone has gathered. 
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3 years ago
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How can one distinguish between an organizational weakness and a threat to the organization?
LuckyWell [14K]

Answer:

The difference among the threat and the weakness is that the threat is a danger which is an external and the weakness is internal vulnerability

Explanation:

In business, threat is an other company ability to impact negatively the ability of the company in order to achieve the objectives or goals.

For example, the another company or the firm have just released or launched the new product and it performs better as well as good and also costs or the expense is less than the product does, which make it difficult for the company  or the firm to accomplish or achieve the desired sales targets.

Example of the weakness, it is within the company, that the person or the individual will have little research and the development funds available , in order to upgrade the product will be difficult to match the competitor new product.

It could exist in other entities as well, just as the person can harbor the threats

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