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Semenov [28]
3 years ago
12

Riley Company promises to pay Janet Anderson or her estate $150,000 per year for the next 10 years, even if she leaves the compa

ny or passes away to try to induce her to stay with the company. Riley Company wants to properly record this transaction as deferred compensation, but is unsure how to record the cost. In addition, Riley Company purchased a whole life insurance policy for Janet, naming the company as the beneficiary. Riley Company wants to determine if it can offset the cash surrender value of the life insurance policy against the deferred compensation liability.
a. summarize the background of your case and indicate any assumptions that you are making regarding the case. Define your problem statement and research question(s).b. identify the key terms in your case, and state why you believe each is relevant to your case.c. Gather data from multiple sources and present that data in one to two pages Document your sources.d. Organize and interpret the findings of your research in one to two pages.
Business
1 answer:
Tasya [4]3 years ago
5 0

Answer:

Explanation:

The $ 150,000 per year to be paid each year for the next 10 years by Riley Company to Janet Anderson should be recorded as a deferred compensation liability. The present value of the annual payments should be calculated.

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3 years ago
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
AnnyKZ [126]

Answer:

$15.34

Explanation:

The formula and the computation of the predetermined overhead rate is shown be

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where,

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How do humans respond to price? How does this relate to the study of economics?
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3 years ago
A Subaru representative has a solid relationship with Phil, a satisfied customer. Phil loves Subaru and will not accept anything
larisa86 [58]

Answer:

The correct answer would be, Customer's life time Value.

Explanation:

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8 0
4 years ago
Sunny Corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. During the year Sunny earned se
Dmitry [639]

Answer:

How much net income​ (or net​ loss) did Sunny experience for the​ year?

Net loss 6000

Explanation:

Cash 142.000

Land 47.000

 

Revenue    285.000

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Utilities            25.000

Net loss     -6.000

6 0
4 years ago
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