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tia_tia [17]
3 years ago
5

Green, Inc., provides group term life insurance for all of its employees. The coverage equals twice the employee's annual salary

. Sam, a vice president, worked all year for Green, Inc., and received $200,000 of coverage for the year at a cost to Green of $1,500. The Uniform Premiums (based on Sam's age) are $0.25 per month for $1,000 of protection. How much must Sam include in gross income this year
Business
1 answer:
Korvikt [17]3 years ago
7 0
Same is broke so she needs $10,000 to pay her taxes
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2. How could you assess whether new office designs are improving the organizational culture
juin [17]

Answer:A proper office layout is the key to a high performance office. This means both good performance from your employees but also your business. Companies that have a great culture are highly sought after by prospective employees and can provide a competitive advantage in both hiring and retaining staff.

Explanation:

7 0
2 years ago
On November 1, 2018, Reid Corporation acquired bonds with a face value of $700,000 for $673,618.61. The bonds carry a stated rat
Evgen [1.6K]

Answer:

Nov 1 2018

Dr Bonds receivable 700,000

Cr Cash 67,3618.61

Cr Discount on bonds receivable 26,381.39

April 3 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

Dr Interest revenue 37,059.02

Oct 31, 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

Cr Interest revenue 37,059.02

Nov 1, 2019

Dr Cash 700,000

Dr Discount on bonds receivable 22,283.25

Cr Notes receivable 700,000

Cr Profit on sale bonds receivable 22,283.25

Explanation:

Preparation of the journal entries to record the following:

Purchase of the bonds

Interest receipts on April 30, 2019 and October 31, 2019

Sale of the bonds.

Journal entries

Nov 1 2018

Dr Bonds receivable 700,000

Cr Cash 67,3618.61

Cr Discount on bonds receivable 26,381.39

(700,000-67,3618.61)

(To record Purchase of bonds)

April 30 2019

Dr Cash 35,000

(700,000*10%*6/12)

Dr Discount on bonds receivable 2,049.02

(37,059.02-35,000)

Dr Interest revenue 37,059.02

(673,618.61*11%*6/12)

(To record Interest receipts)

Oct 31, 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

(37,059.02-35,000)

Cr Interest revenue 37,059.02

(673,618.61*11%*6/12)

(To record Interest receipts)

Nov 1, 2019

Dr Cash 700,000

Dr Discount on bonds receivable 22,283.25

($26,381.39-$2,049.02-$2,049.02)

Cr Notes receivable 700,000

Cr Profit on sale bonds receivable 22,283.25

(To record Sale of the bonds)

8 0
3 years ago
Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe
My name is Ann [436]

Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there​ aren't any jobs available. You would be counted as<u>  </u> <u>discouraged worke</u>r

Explanation:

<u>Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there​ aren't any jobs available. You would be counted as</u>

A <u>discouraged worke</u>r is an individual who has given up looking for employment even though they are perfectly eligible to take up a job but to the repeated failure in finding a job  they have then ceased their search for finding an employment.

Discouraged workers have stopped looking for employment opportunities because they feel that their is no job that suits their qualifications

Since they have stopped searching they are not included in the labor force hence when we see the statistics for unemployment these people are not included there also .So they are called <u>Discouraged Workers</u>

<u> The correct formula for calculating the unemployment​ rate</u>

<u>(</u>

<u> D) Neither formula is used to calculate the unemployment rate</u>

The formula for Unemployment rate is

==> U=Unemployed People/Labor force*100

<u></u>

7 0
3 years ago
Which of the following would best describe what would happen to the time value at the same nominal annual rate of a cash flow as
djverab [1.8K]

Answer:

A) Both the present value and future value would increase.

Explanation:

If the compounding frequency increases, then both the present value and the future value will increase because the effective annual rate will increase. E.g. interest used to be compounded every 6 months, now it is compounded monthly.

Both the present value and the future value vary jointly, if the present value decreases, then the future value will also decrease, and vice versa.

7 0
3 years ago
In _____, products are made according to customer specifications.
Alisiya [41]
Mass customization (build to order)
4 0
3 years ago
Read 2 more answers
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