1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Do these ratio values and ratios look​ strong, weak or in​ between?
kvasek [131]

Answer:

Ratio values cannot be judged in isolation.  For example, the Phone Corporation's ratios calculated previously have no industry benchmarks against which they can be compared.  The ratios for competitor can also be used for comparison.  Again, the ratios were calculated for only one period in each case.  There should be a trend analysis and computation of ratios over some years in order to assess their strengths and weaknesses.

Overall, they do not look strong.  But, one should not be too quick to conclude on this issue.

Explanation:

Ratio analysis is a technical method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing the elements of its financial statements such as the balance sheet and income statement.  While ratio analysis is a cornerstone of fundamental equity analysis, it must be noted that the values produced are just relative measures which cannot be meaningful without being related to some benchmarks or compared over a number of years.

5 0
3 years ago
An agent is authorized to act on behalf of a principal in doing business with third parties. True False
bonufazy [111]

Answer:

The statement is: True.

Explanation:

In making business relationships, an agent acts as a third party that is legally authorized to establish businesses for one of the entities involved. The entity that uses the agent as an intermediary is called the principal. The agent must follow the principal's instructions avoiding to be biased by self-interest.

8 0
3 years ago
owns a Dell laptop computer. She uses the computer in class and her classmates can see the Dell logo when she uses her laptop. O
erastovalidia [21]

Complete question:

​Trudy owns a Dell laptop computer. She uses the computer in class and her classmates can see the Dell logo when she uses her laptop. One of her classmates is looking to purchase a new laptop and asks Trudy her opinion of Dell computers. Trudy informs her classmate that she is satisfied with her laptop and recommends that her classmate purchases one, too. For Dell, Trudy is exhibiting some of the benefits of _____.

a. brand recognition

b. brand equity

c. brand insistence

d. brand loyalty

e. brand mark

Answer:

For Dell, Trudy is exhibiting some of the benefits of brand loyalty .

Explanation:

Brand loyalty is described as favorable emotions towards the company and willingness to buy the same product or service consistently from the same company now and in the future, irrespective of the behavior of the rival or adjustments in the world.

Corporations spend large sums of money in customer support and promotions in order to create and retain brand awareness with the existing commodity.

Coca-Cola Corporation is an example of an established company that has culminated in consumers showing brand loyalty in light of Pepsi's beverages and advertisement campaigns over the years.

3 0
3 years ago
Sharon spent the weekend with her friend amelia. amelia proposed a plan for shoplifting cd's from a local music store. sharon wa
Hatshy [7]
In the given situation, Amelia is wrong. Anyone who is fully aware and  supported any criminal acts is considered a violator of the law. All people who participated in a criminal act is guilty of the crime. 

However, it will only be punishable if there are witnesses and evidence.
8 0
3 years ago
On October 1, 2018, Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5
iris [78.8K]

Answer:

correct option is a. decrease by $80,000

Explanation:

given data

stock dividend = 10%

common stock = $5

Chief = 80,000 shares

market value = $10

to find out

Chief's retained earnings will

solution

here retaining earning will be decrease by the maount of stock dividend that is

retaining earning = $80,000 × 10 % × $10

retaining earning = $80,000 × 0.10 × $10

retaining earning = $80000

so here correct option is a. decrease by $80,000

4 0
3 years ago
Other questions:
  • In their op ed, the executives sought to provide information to the public and drivers about their positions regarding providing
    10·1 answer
  • Select the correct answer.
    12·2 answers
  • A benefit of earning an hourly wage instead of a salary is
    7·2 answers
  • An employee wore disposable gloves to form raw ground beef into patties. When she finished, she kept the gloves on while she sli
    11·1 answer
  • Thermal Rising, Inc., makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider
    6·1 answer
  • Nicaragua bases the valuation of its currency on the U.S. dollar. The value of Nicaragua's currency is changed based on the chan
    13·1 answer
  • Which of the following statements about government deficit spending is most accurate?
    13·1 answer
  • How can students experience "free rider" problems at school?
    11·2 answers
  • 11.(03.03 LC)
    15·2 answers
  • When proving cash , cash balance is compared to _____.?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!