Which of the following is not a post-employment benefit, according to FASB ASC Topic 712, "Employers' Accounting for Postemployment Benefits"?
a. Salary continuation after severance
b. Health insurance paid for a three-month period following a layoff
c. Life insurance coverage paid for retirees
d. Job training for laid-off workers
C
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The factor scores for the ith factor may be estimated as follows: ________
A) Fi = Wi1 X1 + Wi2 X2 + Wi3 X3 + ... + Wik Xk B) Fi = Wi1 X1 + Wi2 X2 + Wi3 Y3 + ... + Wik Yk C) Xi = Wi1 F1 + Wi2 F2 + Wi3 F3 + ... + Wim Fm D) Xi = Ai1 F1 + Ai2 F2 + Ai3 F3 + ... + Aim Fm
When preparing the operating section of the statement of cash flows using the indirect method, noncash expenses are ________ net income.
What will be an ideal response?
The excess of revenues minus expenses is called the bottom line or the ____________________.
Fill in the blank(s) with the appropriate word(s).
Ms. Rich has just bought a new $30,000 car. As a reasonably safe driver, she believes that there is only a 5% chance of being in an accident in the forthcoming year. If she is involved in an accident, the damage to her new car depends on the severity of the accident. The probability distribution for the range of possible accidents and the corresponding damage amounts (in dollars) are shown in the table below. Ms. Rich is trying to decide whether she is willing to pay $170 each year for collision insurance with a $300 deductible. Note that with this type of insurance, she pays the first $300 in damages if she causes an accident, and the insurance company pays the remainder.
Distribution of Accident Types and Corresponding Damage Amounts Type of AccidentConditional ProbabilityDamage to Car Minor0.60 $200 Moderate0.20 $1,000 Serious0.10 $4,000 Catastrophic0.10 $30,000 Why is there a kink in the line for the "Buy Insurance" line in the above strategy region chart? What will be an ideal response?