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:
$89,000
Explanation:
Explanation:
Let the salary at the beginning be A
Interest increment is i = 4.15℅
Future value aimed for is F = $215000
Number of years is n=20
The formula for the future value of a present sum is given as
F = A(1+I)^n
215000 = A(1+0.0415)^20
215000 = A(1.0415)^20
Taking log of both sides
Log215000 = LogA + 20Log1.0415
LogA = Log215000 - 20Log1.0415
LogA = 4.95
Taking anti log of 4.95
We have that ;
A = $89,000
Answer:
Please refer the attachment to have the solution with explanation
Option Bar is also known as <em><u>TOOL PANEL.</u></em>
The answer should be $2.80 because $31.11 x 9% = $2.80