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zzz [600]
3 years ago
9

Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $31,500 f

or medical insurance and contribute an additional $9,650 to a retirement program. Record the entry for these accrued (but unpaid) benefits on December 31.
Business
1 answer:
salantis [7]3 years ago
7 0

Answer:

Date                     Details                                                Debit               Credit

December 31,      Employee benefits expense            $41,150

                             Medical insurance payable                                    $31,500

                             Employee Retirement program                             $9,650

                             payable

Working

= 31,500 + 9,650

= $41,150

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Kate set a goal of getting along better with her younger sister. What is a more specific goal for kate?
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A more specific goal for Kate would be to respect her younger sister, adore her more, and help her when times are rough.
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J.D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following
lorasvet [3.4K]

Answer:

a. Did you purchase or lease the vehicle?  CATEGORICAL DATA

b. What price did you pay?  QUANTITATIVE DATA

c. What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average,  Outstanding, or Truly Exceptional)  CATEGORICAL DATA

d. What is your average miles-per-gallon?  QUANTITATIVE DATA

e. What is your overall rating of your new vehicle? (l- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) QUANTITATIVE DATA

Explanation:

Quantitative data can be measured in numbers, e.g. 20 miles per gallon. While categorical data refers to non-numerical responses, e.g. higher quality, better looks, and is generally obtained by choosing one response from a group of available answers.

5 0
3 years ago
In one or two sentences, describe why decisions are based on expected costs and benefits.
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<span>Generally, man wants to engage in feasible business or investment that will bring profits or benefits. Because of this, before engaging in the business or purchasing of a product, he usually weights the costs and the benefits that will be derived. If the benefits are higher than the costs, he will usually be ready to engage in the business or buy the product, but if the reverse is the case, he will see no reason for engaging in such a business.</span><span />
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3 years ago
The risk-free rate of return is 10.5%, the expected rate of return on the market portfolio is 17%, and the stock of Xyrong Corpo
nadezda [96]

Answer:

$88.24

Explanation:

The computation of the  intrinsic value of a share of Xyrong stock is shown below;

k = risk free rate of retunr+ beta[expected market rate of return - risk free rate of return]

= 10.5% + 1.5(17% - 10.5%)

= 20.25%  

Now

growth rate = b × ROE

= .5 × 24%

= 12%

Now the intrinsic value of the stock is

= (($13 × 50%)  × (1 + 0.12)) ÷ (0.2025 - 0.12)

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3 years ago
Professor Bai is worried about his job security, and has started to venture into a new startup. Perhaps surprisingly, he is able
zvonat [6]

Answer:

Explanation:

Price is sum of:

1. Present value of expected dividend payments during 1-4 years;

2. Present value of the expected market price at the end of the fourth year based on growth at 5%.

Present value of expected dividend payments during 1-4 years:

PV1 = 3*(1+0.30)*0.8929 = 3.90*0.8929 = $3.482

*0.8929 = 1/1.12

PV2 = 3.90*1.30*0.7972 = 5.07*0.7972 = $4.042

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PV4 = 6.591*1.30*0.6355 = 8.5683*0.6355 = $5.445

Total = $17.661

Present value of the expected market price at the end of the fourth year:

Market price of the share at the end = 5th year dividend/(Required rate of return - growth rate)

5th year dividend = $8.5683*(1+growth rate) = $8.5683*(1+0.05) = $9

Market price of the share at the end = $9/(0.12-0.05) = $128.57

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So the price of share is $17.661+$81.7 = $99.37

8 0
3 years ago
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