1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dedylja [7]
3 years ago
12

Athena Company provides employee health insurance that costs $5,000 per month. In addition, the company contributes an amount eq

ual to 5% of the employees' $120,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:
Business
1 answer:
Alchen [17]3 years ago
7 0

Answer:

The answer is given below;

Explanation:

Employee Benefit Expense (5,000+120,000*5%)  Dr.$11,000

Accrued Employee Benefits payable                                     Cr.$11,000

As these are the costs that company has to pay for employee retirement and health plans, therefore increase in these expenses will be recorded with corresponding effect to payable.

You might be interested in
why is it important to look at external sources of information when exploring product and service information​
Charra [1.4K]
<h3><em>Answer:</em></h3><h3><em>beacause when you look formal people want to pick u and when you are poite funny and but not too funny aplacation jobs are for you!</em></h3>
4 0
3 years ago
When more than one central bank attempts to shift the equilibrium exchange rate, we refer to this as:?
ohaa [14]
<span>When more than one of more of the central banks try to shift the exchange rates it is referred to as a market shift. These market shift occur periodically based on inflation and interest rates.</span>
8 0
3 years ago
​while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had h
Virty [35]
<span>The fact that according the </span><span>building inspector </span>the office must be wheelchair accessible as it is a public area illustrates how a company is influenced by the industry regulation component of its specific environment. The industry regulation sets a framework and standards for companies.
4 0
3 years ago
A local restaurant has prepared a new recipe for it's lunch menu which form of nonprice competition is this?
s344n2d4d5 [400]
Non price competition is competing against others when price isn't the driving force of differentiation. If a local restaurant repairs a new recipe for it's lunch menu it is using the physical characteristic form of non price competition. The restaurant is hoping to differentiate based on the quality and taste of their new lunch item compared with another restaurants. 
7 0
3 years ago
Read 2 more answers
Qriosity inc. comes out with a new antivirus program and prices it at half price to attract buyers. the company is using _______
Talja [164]
<span>The company is using market-penetration pricing.</span>
6 0
3 years ago
Other questions:
  • The net income of edwards corporation amounted to $74,000 for this year. the beginning balance ofâ stockholders' equity was $31,
    6·1 answer
  • Rachel is deciding whether to remain in the home she has lived in for the past ten years, which is located very near her work, o
    6·1 answer
  • Tech Solutions, Inc., a manufacturer of laptops, is considering a merger with Outtel, a leading producer of microprocessors and
    8·1 answer
  • If the returns on a stock index can be characterized by a normal distribution with mean 12% and standard deviation of 3%, the pr
    11·1 answer
  • John bought 1,000 shares of Intel stock on October 18, 2014, for $30 per share plus a $750 commission he paid to his broker. On
    5·1 answer
  • List and explain the gymnastics activities​
    11·2 answers
  • Stopping to take notes makes it harder to remember the details of something you’ve read.
    10·2 answers
  • The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
    5·1 answer
  • Rosita purchased 300 shares of a stock for $37 a share. Today, the stock is selling for $41 a share. The initial margin requirem
    5·1 answer
  • Inflation indicates that
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!