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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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Financial markets A. channel funds indirectly between borrowers and lenders. B. channel funds directly from lenders to borrowers
Afina-wow [57]

Answer:

B) channel funds directly from lenders to borrowers.

Explanation:

The complete financial system is a means by which money is transferred from savers to borrowers. The financial system is made up of banks, insurance companies, financial markets,  and other financial institutions that allow the exchange of money.

Financial markets are the only type of institution that allows the exchange of money from lenders to borrowers without third parties being involved.

6 0
3 years ago
“knowledge of the job processes, methods, tools and techniques” is which managerial skill?
notsponge [240]

<span>Knowledge of the different job processes, methods, tools and techniques belong to the Technical Managerial Skill. Skills management refers to the proper training of understanding, developing and organizing individuals and their abilities. Well-managed skills management ought to recognize the abilities that profession roles necessitate, the abilities of singular workers, and a little fissure amongst the two.</span>

6 0
3 years ago
Roberta Whitman has recently been hired by Jackson Pharmaceuticals as the senior vicepresident of human resources. Jackson Pharm
butalik [34]

Answer:

Outside vendors specializing in all aspects of benefits administration would provide improved support to the firm's employees.

Explanation:

Shared services HR teams provide specialized support of day-to-day transactional HR activities to the company's employees by focusing on using centralized call centers and outsourcing arrangements with vendors (like benefits providers). By utilizing HR shared services, Whitman and the other managers can now devote more time to other HR matters while improving benefits enrollment and coverage by deferring those questions to benefits specialists.

3 0
3 years ago
John Montgomery Ward founded the first baseball players union to fight what practice(s) by baseball team owners? A. Salary caps
cestrela7 [59]

Answer:

D. All of these are correct

Explanation:

John ohn Montgomery Ward was a first sports player who is a professional and baseball league.

Here the practices that should be considered by basketball team owners are as follows

a. Salary caps

b. Profit sharing is not considered

c. Reserve system of basketball

Hence, the correct option is D

Thus, all the options are correct

8 0
3 years ago
Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follows.
nika2105 [10]

Answer:

1. Dr Raw Materials Inventory $69,920

Dr Materials Price Variance $1,840

Cr Accounts Payable $71,760

2. Dr Work in Process Inventory $68,780

Dr Materials Quantity Variance $1,140

Cr Raw Materials Inventory $69,920

3. Dr Factory Labor $73,600

Cr Labor Price Variance $8,000

Cr Factory Wages Payable $65,600

4. Dr Work in Process Inventory $74,474

Cr Labor Quantity Variance $874

Cr Factory Labor $73,600

5. Dr Work in Process Inventory $143,254

Cr Manufacturing Overhead $143,254

Explanation:

Preparation of the anuary transactions

1. Dr Raw Materials Inventory $69,920

(18,400*$3.80)

Dr Materials Price Variance $1,840 [18,400 x ($3.90 - $3.80)]

Cr Accounts Payable $71,760

($69,920+$1,840)

2. Dr Work in Process Inventory $68,780

(18,100*$3.80)

Dr Materials Quantity Variance $1,140 [$3.80 x (18,400 - 18,100)]

Cr Raw Materials Inventory $69,920

(18,400*$3.80)

3. Dr Factory Labor $73,600

($16,000*$4.60)

Cr Labor Price Variance $8,000

[16,000 x ($4.10 - $4.60)]

Cr Factory Wages Payable $65,600

(16,000*$4.10)

4. Dr Work in Process Inventory $74,474

(16,190*$4.60)

Cr Labor Quantity Variance $874 [$4.60 x (16,000 - 16,190)]

Cr Factory Labor $73,600

($8,000+$65,600)

5. Dr Work in Process Inventory $143,254

($68,780+$74,474)

Cr Manufacturing Overhead $143,254

8 0
2 years ago
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