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3 years ago

Which employer benefit option requires the employee to refuse to participate in the plan?

Business

1 answer:

lubasha [3.4K]3 years ago

5 0

Answer:

Opt-out program

Explanation:

A health insurance optout programe is an arrangement for financial incentive for same employees who offer employment to the declined group health covers. Such are den to reduce the benefits of cost by paying less for the inventive they would for their share of the benefits.

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In 2018, internal auditors discovered that Fay, Inc., had debited an expense account for the $700,000 cost of a machine purchase

8_murik_8 [283]

Answer:

Explanation:

The correct journal entry is shown below:

Equipment A/c Dr 700,000

To Accumulated depreciation A/c $420,000

To Retained earnings A/c $280,000

(Being the error is recorded and the remaining balance is credited to the retained earning account)

The depreciation expense would be

= (Original cost - residual value) ÷ (useful life)

= ($700,000 - $0) ÷ (5 years)

= ($700,000) ÷ (5 years)

= $140,000

For three years, the depreciation would be

= $140,000 × 3 years

= $420,000

6 0

3 years ago

Three years ago American Insulation Corporation issued 10%, $800,000, 10-year bonds for $770,000. American Insulation exercised

My name is Ann [436]

Answer:

Explanation:

Dr Bond Payable $800,000

Dr Loss on early extinguishment $11,000

Cr Discount on bonds $21,000 (7/10 x $30,000)

Cr Cash $790,000

Supporting calculations:

*Unamortized discount calculation:

Face value of the bond 800,000

Less: issue price of the bond 770,000

Discount on bonds payable 30,000 (800,000-770,000)

Amortization of discount on bonds payable per year under straight line method (30,000/10) 3,000

Unamortized discount for the remaingg 7 years is 21,000 (7*3,000)

*Loss on early extinguishment calculation:

Face value of the bond 800,000

Less: Unamortized discount for the remaingg 7 years 21,000

Carrying value of the bonds (800,000-21,000) 779,000

Retirement price of the bonds 790,000

Loss on early extinguishment -11,000

5 0

3 years ago

Which of the following would be true? A. Organizational culture never changes. B. Organizational culture is an evaluative rathe

yulyashka [42]

Answer:

The correct option is (C)

Explanation:

Organizational culture refers to the beliefs, ideologies, values and experiences that help in creating social as well as psychological environment in an organization. Culture is formed by the organization based on shared beliefs, interest and attitude that are developed over a period of time.

Organizational culture is descriptive as it includes all rules and regulations, and expectations in detail. It is however not evaluative as it cannot be judged if anybody likes or dislikes it. Culture is only concerned about the perception about the characteristics of the organization.

So, organizational culture is descriptive and not evaluative.

5 0

3 years ago

Read 2 more answers

Is Donald Trump a great president or Joe Biden?

Len [333]

Both of the president are not good president to be honest

6 0

3 years ago

when management's primary objective is the economic interests of shareholders, this is known as : A.philanthropy B.responsibilit

nataly862011 [7]

C the strategic approach

5 0

2 years ago