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igomit [66]
2 years ago
9

Rinaldo is an expat working in Singapore. As part of his compensation package, a chauffeur drives him to and from work each day.

The chauffer is an example of a(n) Multiple Choice wage. allowance. bonus. perk.
Business
1 answer:
dimaraw [331]2 years ago
6 0

The chauffeur is an example of <u>Perk</u> because the benefit is enjoyed because Rinaldo works for the company.

Basically, Perk is recognized as an advantage / benefit that an employees gets because of working for the company.

For instance, getting free ride, lunch, donations from staffs are all examples of perks.

Here, the Chauffeur driver does drive Rinaldo to and from work because it is part of his compensation package.

This benefit of this transportation is not part of Rinaldo's wage, allowance or bonus.

Therefore, the answer is Option D because the benefit is enjoyed because he works for the company.

Read more about this here

<em>brainly.com/question/21959334</em>

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Why did most corporate boards of directors pressure CEOs to resign, even though less than majority of shareholders revolted to g
Anna007 [38]

Answer: They resigned due to involuntary departure.

Explanation:

Involuntary departure can happen to an acting CEO in any company. They CEO may have the backing of some of the majority shareholders but only a few can decide to oust them by involuntary departure.

There are several reasons listed why they are ousted such as;

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6 0
3 years ago
For each of the following items, identify whether they would most likely be reported in the balance sheet (B) or income statemen
blagie [28]

Answer:

Explanation:

The statement of income records all sales revenues general and expenditure incurred during a particular period.

The balance sheet reports the assets and the liabilities of the company

So, the classification is as follows

a. Net income  = income statement (I)

b. Retained earnings  = balance sheet (B)

c. Depreciation expense  = income statement (I)

d. Accumulated depreciation  = balance sheet (B). It is deducted from the value of the respective fixed assets

e. Wages expense  = income statement (I). It is shown on the debit side of the income statement

f. Wages payable   = balance sheet (B). It is a current liabilities

g. Interest expense  = income statement (I) It is shown on the debit side of the income statement

h. Interest payable   = balance sheet (B). It is a current liabilities

i. Sales = income statement (I)

8 0
3 years ago
Consider the following timeline detailing a stream of cash​ flows: The timeline starts at Date 0 and ends at Date 4. The cash fl
gizmo_the_mogwai [7]

Answer:

Present value= $20,227.45

Explanation:

Giving the following information:

On Date 1, the cash flow is 5,000 dollars. On Date 2, the cash flow is 6,000 dollars. On Date 3, the cash flow is 7,000 dollars. On Date 4, the cash flow is 8,000 dollars. The current market rate of interest is 10​%.

We need to use the following formula:

PV= FV/(1+i)^n

Date 1= 5,000/1.10= 4,545.46

Date 2= 6,000/1.10^2= 4,958.68

Date 3= 7,000/1.10^3= 5,259.20

Date 4= 8,000/1.10^4= 5,464.11

Total= $20,227.45

6 0
3 years ago
Usa jobs is an example of what​
Dennis_Churaev [7]

Answer: A way to earn money.

Explanation: There are many other ways to earn, like selling drugs, or robbing a elderly woman who tries to hit you with her cheap shoulder bag. There are many ways.

6 0
3 years ago
Equipment was acquired on January 1, 2021, for $33,000 with an estimated four-year life and $2,000 residual value. The company u
Lostsunrise [7]

Answer:

Gain= $850

Explanation:

Giving the following information:

Purchase price= $33,000

Useful life= 4 years

Residual value= $2,000

Sale= $10,600.

<u>First, we need to calculate the annual depreciation:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (33,000 - 2,000)/4= $7,750

<u>Now, we can calculate the accumulated depreciation:</u>

Accumulated depreciation= 7,750*3= $23,250

<u>To calculate the gain or loss, we need to use the following formula:</u>

Gain/loss= selling price - book value

Book value= purchase price - accumulated depreciation

Book value= 33,000 - 23,250= $9,750

Gain/loss= 10,600 - 9,750

Gain= $850

4 0
3 years ago
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