What are four major administration issues that arise in setting up a benefit package?
What will be an ideal response?
Four major administration issues that arise in setting up a benefit package are as follows:
| • | Who should be protected or benefited? |
| • | How much choice should employees have among an array of benefits? |
| • | How should benefits be financed? |
| • | Are your benefits legally defensible? |
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Under the common law, a modification of a preexisting contract must be supported by mutual consideration; under the Code, a contract can be modified without new consideration
a. True b. False Indicate whether the statement is true or false
Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for $218,000 and credited for $218,500. The ending balance in the Finished Goods inventory account was $13,000. At the end of the year, manufacturing overhead was overapplied by $36,700.The balance in the Finished Goods inventory account at the beginning of the year was:
A. $500 B. $36,700 C. $13,000 D. $13,500
NAFTA tariff rates apply to:
a. goods wholly produced in North America. b. goods purchased in North America. c. goods that originated outside of North America, but then underwent a substantial transformation in North America. d. All of the above
Given an EOQ model with shortages in which annual demand is 4200 units, Co = $160, Cc = $7 per unit per year, and Cs = $25, what is the total annual shortage cost?
A) 296.51 B) 298.53 C) 299.17 D) 285.91