Describe the issue of domestic partner benefits.
What will be an ideal response?
Domestic partners are individuals who are not legally married but who are in a one-to-one living arrangement similar to marriage. A number of federal laws have at least some language that provides for benefits only to legal spouses of employees, not to domestic partners. In some cases, federal law requires the employer to tax any benefits provided to an employee’s unmarried domestic partner. Employers have to be aware of the language of the laws so that they don’t unintentionally violate such laws. Finally, companies have to be aware that providing domestic partner benefits may cost them significant amounts of money. Allowing domestic partners to be covered under company insurance and other benefit policies will almost always add to the cost of the benefits program.
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Bennington Corp issued a $40,000, 10-year bond at the face rate of 8%, paid semiannually. How much cash will the bond investors receive at the end of the first interest period?
a. $800 b. $1,600 c. $3,200 d. $4,000
Discuss pay-for-performance plans
"How many dollars in average profits are generated per dollar of average investment?" is answered using which of the following capital budgeting techniques?
A. Accounting return on investment B. Net present value (NPV) C. Internal rate of return (IRR) D. Investment outlay valuation
The Washington Fish Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,870 0 12,870 1,070 F 11,800 Sales Revenue $62,790 $1,240 U $64,030 $3,990 F $60,040 Variable Costs 27,590 610 U 26,980 $1,770 U 25,210 Contribution Margin $35,200 $1,850 U $37,050 $2,220 F $34,830 Fixed Costs 34,290 230 U 34,060 $0 34,060 Operating Income/(Loss) $910 $2,080 U $2,990 $2,220 F $770 Which of the following statements would be a correct analysis of the sales volume variance for operating income? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs