Answer:
The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560
Explanation:
In order to calculate The entry to record the accrued benefits for the month we would have to calculate the following formula:
Accrued Benefits= Health Insurance Cost+ (Gross Salary × Percentage Contributable)
Accrued Benefits=$15,400+($154,000×4%)
Accrued Benefits=$15,400+$6,160
Accrued Benefits=$21,560
The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560
Answer: Difference = $185,948.5 - $147,285. = $38,663.5
Explanation:
To calculate the future value, you have to use the formula
fv = PA (1 + r/100)ⁿ
where
FV = future value
PA = Present Amount
r = rate
n = number of years
calculating for the future value if you earn a percent of 7.5 =
fv = 5,000 (1 + 0.075) ⁵⁰
fv = 5,000 ( 1.075)⁵⁰
fv = 5,000 (37.1897)
fv = 185,948.5
calculating the Fv when the rate is 7%
fv = 5,000 (1 + 0.070) ⁵⁰
fv = 5,000 ( 1.070)⁵⁰
fv = 5,000 (29.4570)
fv = 147,285
Then find the difference between the Fv when the rate is 7.5 and when the rate is 7
Therefore difference = $185,948.5 - $147,285. = $38,663.5
Answer:
D). defaulted on the security agreement.
Explanation:
From the question we are informed about Hiram who is a debtor to Central Credit Union, a secured party. If Hiram fails to maintain insurance on the collateral, he has likely defaulted on the security agreement.
A security agreement as regards to the law of the United States, can be defined as contract which governs the relationship that exist between the parties that are involved in a kind of financial transaction that is been known as a secured transaction. It gives lender kind of security interest as regards to a specified asset/property which is has been pledged as collateral. Security agreements do compose of
covenants which states provisions for the advancement of funds as well as
repayment schedule and insurance requirements.
Answer:discover where the company's product or brand is on these attributes in the minds of potential customers.
Explanation: The position of a product in the minds of Customers or consumers is a vital factor in determining the sales that can be generated from the product. The perception of potential customers is necessary,so a good marketer or business organisations must ensure that it works to improve upon the perception of its customers concerning it's products or services.
discovering where the company's product or brand is on these attributes in the minds of potential customers is one of the four steps required.
Answer: condition precedent
Explanation: In simple words, a condition precedent refers to the set of affairs or contract that are necessary to happen in a contract or else no contractual duty will arise on both sides of the contract. Thus it can be considered as a contract that must occur.
In the given case, the real estate contract arise on the condition that the buyer sells his current home or otherwise no contract exist. Hence this act could be considered as condition precedent.
