6. Which one of the following is one of the oldest and most popular employee OA. Vacation days. OB. Group term life insurance OC. Leave without pay OD. Extended health coverage
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- Q. As an associate member of the institute of human resources, you have been invited to give a Presentation on employee benefits. Briefly outline your presentation under the following subheadings1. Justification for employee benefits2. statutory benefits and their importance3. Factors considered in benefit planning4. d)Effective administration of benefitsThe Registered Insurance Brokers Act of Ontario states, "An insurance broker means any person who for any compensation, commission or other thing of value, with respect to persons or property in Ontario, deals directly with the public...etc." Which one (1) of the following is EXEMPT from the provisions of the RIB Act? OA) An individual who for compensation solicits or negotiates a contract of insurance directly with the public on behalf of more than one insurer. OB) Operations where risk management services and claims assistance only are provided. OC) Organizations where consulting or advisory services with respect to insurance or reinsurance are provided. OD) An individual who acts solely on behalf of one insurer or affiliated group of insurers and the Facility Association.(Please do not give solution in image format thanku) What is the difference between between FICA I (Social Security) and FICA II (Medicare) with regards to benefits relative to wages paid to employees. Group of answer choices: FICA I is capped while FICA II is not capped There is no difference between the two benefit types FICA I is not capped but FICA II is capped FICA I and FICA II are both capped at an amount
- 23 Generally speaking, which of the following accurately describes the condo market? A O In a rising market, condos typically rise in value faster than single-family homes. B In a rising market, condos typically rise more slowly in value than single-family homes. Condo prices tend to rise at times when single-family house prices are dropping. In a falling market, condos typically drop in value more slowly than single-family homes.Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required1. What is fundamentally different about the fixed versus variable overhead assigned to products?(Answer the question within the context of the relevance of this difference to the determination ofshort-term product mix.)Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required7. What is the primary role of the management accountant in terms of planning the optimum short-termproduct mix?
- Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required2. Calculate for each product both the gross profit per unit and the contribution margin per unit. (Roundanswers to 2 decimal places, e.g., $15.459 = $15.46.) Are either of these profitability measures usefulfor planning the optimum short-term product mix? Explain.Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required5. How can the optimum product mix be determined when there are only two products and one or moreconstraints?4. Managing Knowledge and Artificial Intelligence (LO 2, 3 – 20%) The pandemic that has occurred over the past 2 years has not only had a negative impact but also a positive impact. We can see that since the onset of the pandemic, the entire business world must move quickly to adapt, especially in the field of technology in order to survive. Knowledge & Artificial Intelligence has become an important key in the success of a company. Please study, explain and provide at least 3 (three) examples of tangible evidence of the benefits of using knowledge & artificial intelligence in the following fields! a. Health Industry