How in the world can there be in fringe benefits

Assignment Help Accounting Basics
Reference no: EM132451976

The Director of the Art Department, Mr. Alexander Agafonov, wants to hire new office staff. His boss tells him that to do so he must find in his budget not only the base salary for this position but an additional 30% for "fringe benefits".

Question 1: Alex explodes: "How in the world can there be 30% in fringe benefits?" Write a memo to Alex explaining the costs that probably make up these fringe benefits.

Reference no: EM132451976

Questions Cloud

Describe the steps in the communication process as ALF : Why is ALF successful when other organizations sending the same basic message are not? Is there anything ALF could do to increase its effectiveness?
History of being vindictive and manipulative : Katherine has two employees who have never seemed to get along. One of the employees has a history of being vindictive and manipulative
What insights does the cash flow statement : What insights does the cash flow statement provide about the company's performance, in relation to other financial statements?
Explain the elements of the triple aim of healthcare reform : Explain the elements of the triple aim of healthcare reform as reflected in the care of older adults.
How in the world can there be in fringe benefits : How in the world can there be 30% in fringe benefits?" Write a memo to Alex explaining the costs that probably make up these fringe benefits.
Model support the role of the professional nurse : How will the model support the role of the professional nurse in meeting the needs of today's health care consumer?
Discuss the standard within a global ifrs environment : Can you provide an illustration or example of an accounting procedure/situation whose outcome may differ based on absolutism or relativism?
Research is a fundamental role that every nurse : Research is a fundamental role that every nurse and healthcare practitioner plays but in different ways. How can you use evidence to improve nursing care as a n
What is the independence standard : What is the independence standard? Why is it important that users perceive auditors to be independent? Can an auditor be independent in fact

Reviews

Write a Review

Accounting Basics Questions & Answers

  Develop an income statement

Supply journal entries for each of the transactions. The numbers in the journal entries can be rounded to the nearest dollar. Develop an income statement in good form for Sanford Company for the first three months of 20x3

  If canyon realty co paysweekly salaries of 12000 on friday

if canyon realty co paysweekly salaries of 12000 on friday for a five-day work weekending on that day. what is the

  Who are the users of accounting and explain

Why are ethical fundamentals important in the accounting field and for the business? Who are the users of accounting? Explain

  Management identified a material weakness in first bank

for each of the following cases indicate why management and the auditors determined that control deficiency was a

  Discuss either the bonus or goodwill methods

Discuss the appropriateness of using either the bonus or goodwill methods to record the formation of the partnership

  Post to the stockholders equity accounts

Norris Corporation was organized on January 1, 2007. Post to the stockholders' equity accounts. (Use T accounts.) Journalize the transactions

  Show the allocation of dividends to each class of stock

Crane Corporation was organized on January 1, 2019. Show the allocation of dividends to each class of stock

  Discuss the differences between accrual-basis financial

discuss the differences between accrual-basis financial statements and cash-basis financial statements. determine which

  Personal level economics and personal finances

On a personal level economics and personal finances teaches the skill of value and most valuable resources that investing in education and training improves the like hood of future economic success.

  What total should roses balance sheet include

This subsidiary's functional currency is a foreign currency. What total should Roses balance sheet include for the preceding items

  A company ran a regression analysis using direct labor

a company ran a regression analysis using direct labor hours as the independent variable and manufacturing overhead

  Estimate total cost for the sunset office park job

First-stage allocation, time-driven activity-based costing, service sector. LawnCare USA provides lawn care and landscaping services to commercial clients.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd