Suppose a business wants to provide $1000 a month per employee for indemnity health insurance. All employees of the firm pay 25% of their wages in income taxes. Under current Internal Review Service (IRS) rules, how much tax will each employee have to pay for this insurance coverage? a.750 b.0 c.250 d. -250 e. - 750

Q: Explain the importance of the break - even EBIT.

A: A break-even point is the point of sales at which the operating income or the earnings before…

Q: Provide examples of how finacial statments are useful and or how they are used?

A: Financial statements refer to such statements which report the profitability and the financial…

Q: Explain common principles and limitations of internalcontrol.

A: Internal Control is a concept which ensures management to to safeguard its assets. Internet control…

Q: Explain the dual purpose of closing process.

A: The closing entries serve to transfer the balances out of certain temporary accounts and into…

Q: What is meant by the term antidilution? Give an example.

A: An increase in the earnings per share refers to anti-dilution. This results on account of the…

Q: When is slicing and dicing a suitable OLAP tool? Give an example.

A: Here Is The Answer

Q: Explain the assumptions of break-even analysis.

A: Break-even analysis - - Break-even analysis states that a number of units must be sold to cover the…

Q: Describe the concept of “over-trading” using numeric example if appropriate.’

A: In the world of finance over trading is an important concept for businesses.

Q: What are some disadvantages of the APT?

A: APT is the abbreviation used for the arbitrage pricing theory. A theory or a model for asset pricing…

Q: Why is there a cost associated with reinvestedearnings?

A: There is some adaptability in the measure of funds that will be created from new reinvested earnings…

Q: List the disadvantages of decentralization.

A: Decentralization refers to a company's top management delegating authority to subunits of the…

Q: What are some advantages of the Direct Write-Off method? What are some disadvantages of the Direct…

A: Direct Write Off Method: According to Direct Write off method, Bad Debt Expense is recognized once…

Q: Explain the differences between a warrant and a call option

A: Differences: The nature of the call option is a standardized contract. Whereas, warrants are not…

Q: Explain the term REVERSE STARKER?

A: The starker exchange is a kind of exchange in which the swapping of assets and business takes place.…

Q: What is the purpose of using the high-low method?

A: High-low method: In the high-low method, the semi variable-cost approximation is calculated by using…

Q: Give an example of a preventive control.

A:

Q: What is the difference between a normal procedure and an extended procedure?

A:

Q: Contrast the advantages and disadvantages of CASE tools. What should determine whether CASE is used?

A: CASE Tools:   CASE stands for Computer Aided Software Engineering Tools. CASE is used for the…

Q: Describe some limitations of internal conrol systems. Why do limititations on internal control…

A: Please find the answer to the above questions below:

Q: What are the types of situations that result in troubleddebt?

A: Troubled debts can result in two different situations, which are as…

Q: What are the limitations on Control Activities?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Most systems do not consist of subsystems. true O Error

A: A system comprises of two or more components which are related to each other  in order to reach…

Q: What are valid weaknesses of NPO?

A: Not for profit organization have certain weaknesses. some for them are- 1. Limited Purposes In order…

Q: Risk of material misstatements increases if

A: Please see the next step for the solution

Q: hat are the ad

A: RFPs should be used when a project is sufficiently complex, requires a great deal of technical…

Q: Explain Handling Unequal Service Lives?

A: The two projects compared has unequal project lives. Such projects are handled by two…

Q: How do counterbalancing errors differ from noncounterbalancing errors?

A: Errors that occur in a specific period but are anticipated to be rectified in subsequent periods are…