When Troy Meyer started his new job, he was offered a cafeteria plan from which he could choose items such as health care, vision care, child care, life insurance, and membership at the company's gym. This is likely a type of
A. employee benefit.
B. employee orientation.
C. flexible benefit plan.
D. employee empowerment.
E. incentive payments.
Answer: C
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The cash balance on June 30 is projected to be $4000. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the ending projected cash balance before financing for August.
Carol's Chocolate Company has prepared its third quarter budget and provided the following data:
A) $7167
B) $5,000
C) $46,700
D) $(7833)
Diversified companies are required to report information that includes certain revenue and expense items and assets for each of its segments
Indicate whether the statement is true or false
Depreciation and amortization affect both net income reported in the financial statements and taxable income on tax returns. Which of the following is /are true?
a. Taxing authorities in most jurisdictions specify allowable depreciation methods for tax reporting. b. When permitted to do so by the taxing authority, firms often use different depreciation methods for financial and tax reporting. c. The difference between depreciation expense in the financial statements and the depreciation deduction on the tax return leads to an issue in accounting for income taxes. d. all of the above e. none of the above
Service, price, qualifications, action and appreciation are referred to as the five needs of
every customer. Indicate whether the statement is true or false