Answer:
is there a picture
Explanation:
Answer:physical,social,psychological
Explanation:
You predict that interest rates are about to fall. Which bond will give you the highest capital gain
Answer: d. Zero coupon, long maturity
Explanation:
It is generally held that when interest rates decrease in the market, the price of bonds will increase because people will seek bonds as they offer a steady rate of return.
A longer maturity bond will enable you to take advantage of this decrease in interest rates over a longer period because you get to discount the bond at a lower rate over a longer period so it is better.
A zero coupon long maturity bond is the best because when it is discounted at this lower rate, it will bring back a higher price than the rest of the bonds
How should you handle an employee who keeps coming to you asking for information regarding major policies, vacations, and benefit(s)?
Answer:
tell him to not talk about politics at work and stop asking for more vacations and benifits.
Explanation:
tell him arguing about policies means less work done. And if he would get more vacation days, and more benifits the other employees would think you are showing favoritism.
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. Consider this case:Primatech Goods Corp. buys most of its raw materials from a single supplier. This supplier sells to Primatech Goods Corp. on terms of 2/20, net 30.What is the cost per period of the trade credit extended to Primatech Goods Corp.?a. 2.04%b. 2.24%c. 1.73%d. 1.94%What is the nominal annual cost of Primatech Goods Corp.'s trade credit?a. 63.29%b. 78.18%c. 81.91%d. 74.46%If Primatech Goods Corp.'s supplier shortens the discount period to five days, it will _____ the cost of the trade credit.a. increaseb. decrease
Answer:
a. 2.04%d. 74.46%b. decreaseExplanation:
1. Cost per period
= Discount/ (1 - Discount)
= 2% / ( 1 - 2%)
= 2.04%
2. Nominal Annual cost
= Cost per period * (365 / (Payment period - Discount period)
= 2.04% * [tex]\frac{365}{30 - 20}[/tex]
= 74.46%
3. Shortens it to five days.
= 2.04% * [tex]\frac{365}{30 - 5}[/tex]
= 29.78%
If Primatech Goods Corp.'s supplier shortens the discount period to five days, it will decrease the cost of the trade credit.
Identify cash equivalents from the listed items.
a. Money market funds
b. Supplies
c. Three-month Treasury bills
d. Accounts receivable
e. Prepaid rent
Answer:
Money market funds , Three-month treasury bills
Explanation:
Cash equivalents are the liquid current assets that are easily convertible into a known cash amount. Examples of cash equivalents are commercial paper, treasury bills, marketable securities, and money market holdings.
Stocks, bonds, and derivatives, are excluded from the category of cash equivalents.
Money market funds , Three-month treasury bills are considered as cash equivalents.
On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits, respectively, in dollars?
Answer:
i think his/her manager will decide that
Explanation:
Answer:
I'm sorry I just need points so I don't have to watch adds
According to the table, which religion had the most active congregations in New Jersey in 1765?
New Jersey – Active Congregations (1765)
Answer:
Presbyterian
39
Dutch Reformed
Explanation:
just did it on edge ooga booga
Answer:
According to the table, which religion had the most active congregations in New Jersey in 1765?
✔ Presbyterian
How many Quaker congregations were there in 1765?
✔39
There were the same number of Church of England congregations in New Jersey as
✔Dutch Reformed congregations.
Explanation:
What's the diffrence between division manager and regional manager? please i need help i don't understand the difference.
Suppose that the ToyCo Shoppe allocates overhead by a traditional production volume-based method using direct labor dollars as the allocation base and one cost pool. Determine the overhead rate per direct labor dollar and the per unit overhead assigned to the strawberry cheesecake. (Round answers to 3 decimal places, e.g. 15.254.) Overhead rate $enter a dollar amount per direct labor dollar rounded to 3 decimal places per direct labor dollar Direct labor cost $enter a dollar amount per unit rounded to 3 decimal places per unit Overhead assigned $enter a dollar amount per unit rounded to 3 decimal places per unit
Question attached
Answer and Explanation:
Overhead rate per direct labor dollar
=$120,400+$77,140+$148,200+$94,500+$180,630 divided by $2,007,000
=$620,870/$2,007,000 = $0.29
Overhead assigned per unit dollar = total overhead assigned divided by annual production
Total overhead assigned = $72,400 x $0.29 = $20996
Overhead assigned per unit dollar =$20996 / 17,700 units = $1.18
The concept of demand is best described as:_____.
a. the quantity of a good or a service that people are willing and able to purchase at different possible prices.
b. the total satisfaction that consuming a good provides people at different prices.
c. the additional satisfaction derived from a quantity of goods and services obtained when income increases.
d. the quantity of a good or a service that people will offer for sale at different possible prices.
e. the quantity of a good or service that consumers will substitute when the price of a good changes.
The basic proposition of the law of demand is that:_____.
a. higher prices cause buyers to demand more.
b. buyers demand lower prices.
c. higher prices cause less demand.
d. as the price of a good decreases, buyers are willing and able to purchase less.
e. as the price of a good increases, buyers are willing and able to purchase less.
In a market economy, there is relationship between the price of a good and the amount of a good that buyers are willing and able to purchase.
Answer:
Explanation: The concept of demand usually deals with the consumers yearning for goods and services and the factors which determines the purchasing decision of consumers and the amount being purchased. Quantity and price are two associated variables which can be used to examine consumer behavior towards a certain product. Hence, demand for a product often refers to the quantity of product purchased or demanded by consumers based on the price of the product.
The demand proposition is simply of the notion that the number of quantity demanded for a certain product falls as the price of such product inversa and vice versa. The demand for a product decreases as its price begins to rise, leading consumers to look for substitute products which cost less.
An injunction is a court order for a party to a contract to
Answer:
do something agreed to under an original contract.
Explanation:
An injunction is an order compelling one party to a contract to fulfill their obligations as agreed in the original contract. Therefore, an injunction is a remedy available to any party engaged in the contract should there a breach of the contract.
All valid contracts are enforceable by law. An aggrieved party has the right to go to court and seek orders to compel the other party to fulfill their duty as per the contact. The orders given are the court injunctions.
Slamburger's sells three cheeseburgers for every three regular hamburgers. A cheeseburger sells for $4.75 with a variable cost of $2.00. A regular hamburger sells for $4.25 with a variable cost of $1.75. What is the weighted average contribution margin
Answer:
$2.63
Explanation:
The computation of the weighted average contribution margin is shown below:-
Contribution margin = Selling price - Variable costs
For cheeseburger
= $4.75 - $2.00
= $2.75
For regular hamburger
= $4.25 - $1.75
= $2.5
Weighted average Contribution margin = Respective Contribution margin × Respective mix
= ($2.75 × 3) ÷ 6 + ($2.5 × 3) ÷ 6
= $1.38 + $1.25
= $2.63
Under corporate law, corporations are given the same rights as
A. the Federal Reserve
B. intellectual property
C. individuals
D. foreign countries
Answer:
C. individuals
Explanation:
The law treats corporates organizations as legal citizens. It gives them commercial right to own property, enter into contracts, and incur debts. Corporates have tax obligations, just like individuals. They can sue and be sued.
The law considers a corporate as a separate entity from its owners. It distinguishes the assets and liabilities of the institutions as different from those of its founders. A corporate has an infinite life. The death of its shareholders does not automatically mean its termination.
Answer:
C. Individuals is the correct option
Explanation:
Recall the text’s definition of diminishing marginal utility: "the common pattern that each marginal unit of a good consumed provides less of an addition to utility than the previous unit." The reason for this behavior is because of biology. Our body sends our brains a signal once too much of a good or service has been consumed. This prevents a person from literally eating until they explode. In your own experience, share two times instances where the law of diminishing marginal utility applied to you. Can you think of any time when the law of diminishing marginal utility failed for someone? Please answer in 150 words or more. Use your own words - please do not copy and paste from a web site. Be sure to reference your sources.
Explanation:
Note, the term diminishing marginal utility refers to an economic principle that states that the more unit of a particular commodity or service we consume, the more the satisfaction (utility) derived out of the consumption reduces or diminishes.
For instance, if I watched movies produced by a particular entertainment company for several days (eg Disney Studios), I may become dissatisfied using this particular entertainment provider and may decide to try another service (Netflix).
Another instance could occur after exercising, I'm given 3 bottles of coke, after taking my first bottle, the amount of utility I derive would reduce until I get to the third bottle, at this point I've reached my peak.
The law of diminishing marginal utility failed for someone I know who had used the same type of toothpaste and brushed her teeth at least once a day for a period of over 10 years.
Thomas, a senior manager at a manufacturing firm, is coming up with
ideas for a new product. Thomas has made a list of the following tasks that form a part of this project, along with their respective durations.
Create questionnaires to interview potential customers (7 days)
Find existing information about the market from online sources and trade journals (6 days)
Interview the respondents with the help of the questionnaire (10 days)
Design a new product according to the information obtained through the interviews (30 days)
If Thomas conducts a Critical Path Analysis to schedule these activities, what is the most likely duration that the activities will take to be completed?
A. 50 days
B. 40 days
C. 57 days
D. 47 days
E. 67 days
Answer:
47
Explanation:
The Answer is D, 47.
Answer:
47
Explanation:
Plato/Edmentum
One of your suppliers has been providing LED lights for your facilities for several years. One of the new hires on the maintenance staff reports that he noticed a discrepancy between the model numbers of the LEDs he has been replacing in the fixtures and the model numbers cited in the work orders. When you call the maintenance director, she assures you the specifications are the same for both models with regard to luminous emittance (lux measurement). She is an engineer so you should ignore the lower ranking, inexperienced person's report (especially since he isn't in your chain of command).
a. True
b. False
so what would you do if your friend expose you for being on brainly?
Answer:
Danm just know your doomed or just beg the person.
Explanation:
Assume that you have a $100,000 account and you are willing to risk 5% of your capital on an idea. You determine that the there is $4 of risk in your trade. What should be your maximum position size
Answer:
$1,250 Shares
Explanation:
Calculation for What should be your maximum position size
First step is to calculate the 5% risk of your capital
Capital risk =5%*$100,000
Capital risk=$5,000
Last step is to calculate What should be your maximum position size
Maximum position size=$5,000/$4
Maximum position size=$1,250 Shares
Therefore What should be your maximum position size is $1,250 Shares
A client-server relationship is the basic form of a _____.
A. customized software package
B. work for hire contract
C. computer network
D. service support contract
Answer: Computer Network
Explanation: Apex
Answer:
C
Explanation:
Computer Network.
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.
Work in process, January 1, 7,000 units, 70% completed $81,970
Direct materials (7,000 × $8.00) $56,000
Conversion (7,000 × 70% × $5.30) 25,970
$81,970
Materials added during January from Weaving
Department, 108,000 units $869,400
Direct labor for January 248,134
Factory overhead for January 303,274
Goods finished during January (includes goods in
process, January 1), 109,200 units —
Work in process, January 31, 5,800 units, 30% completed —
A. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0".
B. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December).
Answer:
A) Summary of physical units and equivalent units
Units to be accounted for Physical units
Beginning WIP 7,000
Units started 108,000
Total units to be accounted for 115,000
Units accounted for Phys. units Materials Conversion
Beginning WIP 7,000 $56,000 $25,970
Units started 108,000 $869,400 $551,408
Subtotal 115,000 $925,400 $577,378
Units transferred out 109,200 $878,710 $567,691
Ending WIP 5,800 $46,690 $9,687
Summary of costs to be accounted for
Costs to be accounted for: Materials Conversion Total
Beginning WIP $56,000 $25,970 $81,970
Costs incurred in the period $869,400 $551,408 $1,420,808
Total costs to be accounted for $925,400 $577,378 $1,502,778
Calculation of cost per equivalent unit
Materials Conversion Total
Costs incurred in the period $869,400 $551,408 $1,420,808
Total equivalent units 108,000 99,040
Cost per equivalent unit $8.05 $5.567528 $13.617528
Cost allocation
Materials Conversion Total
Units finished and transferred $878,710 $567,691 $1,446,401
Ending WIP $46,690 $9,687 $56,377
Total costs to be accounted for $925,400 $577,378 $1,502,778
B) Materials cost per equivalent unit increased slightly during the period from $8 per EU to $8.05 per EU (0.6% increase). Conversion costs also increased during the period from $5.30 per EU to $5.567528 per EU (5% increase).
Explanation:
beginning WIP 7,000 units
100% completed for materials
70% completed for conversion costs (30% added in this period = 2,100 EU)
beginning WIP costs
materials $81,970
conversion $56,000
units started 108,000
materials added during the period $869,400
conversion costs $551,408
units finished 109,200
units started and finished = 108,000 - 7,000 - 5,800 = 95,200
ending WIP 5,800
100% complete for materials
30% complete for conversion costs (1,740 EU)
total EU:
materials 108,000
conversion 2,100 + 95,200 + 1,740 = 99,040
cost per EU:
materials $869,400 / 108,000 = $8.05
conversion $551,408 / 99,040 = $5.567528
total = $13.617528
ending WIP costs:
5,800 x $8.05 = $46,690
1,740 x $5.567528 = $9,687
total = $56,377
costs of finished units:
(102,200 x $8.05) + $56,000 = $878,710
(95,200 x $5.567528) + (2,100 x $5.567528) + $25,970 = $567,691
total = $1,446,401
Robert has set-up a start-up business. You have been appointed as an accountant for his business. Prepare journal entries for the following
transactions
1. On January 1, 2015, Robert invested $50,000 in his business.
2. On January 4, 2015, Robert bought a laptop for $2,800 for business use.
3. On January 20, 2015, Robert received $13,000 for services rendered.
4. On January 23, 2015, Robert paid salaries to his staff for $3,500
Answer:
On January 1, 2015, Robert invested $50,000 in his business.
Date Account Debit Credit
January 1, 2015 Cash
50,000
January 1, 2015 Cash
50,000
On January 4, 2015, Robert bought a laptop for $2,800 for business use.
Date Account Debit Credit
January 4, 2015 Office Computer
2,800
January 4, 2015 Cash
2,800
On January 20, 2015, Robert received $13,000 for services rendered.
Date Account Debit Credit
January 20, 2015 Cash
13,000
January 20, 2015 Revenue
13,000
On January 23, 2015, Robert paid salaries to his staff for $3,500.
Date Account Debit Credit
January 23, 2015 Salaries
3,500
January 23, 2015 Cash
3,500
Explanation:
Describe a scenario in which you thought you were making a good decision but there was still a negative outcome.
Answer:
I was trying to help out a friend by letting her know that her boyfriend was cheating on her but she didn't believe me and got mad at and we weren't friends.
Explanation:
This isn't a real scenario that happened to me but hope this helps.
A scenario in which I thought I was making a good decision but there was still a negative outcome was when:
I was trying to help a friend pay off a debtor who was beginning to turn violent and was a nuisance. Unfortunately, after helping my friend to settle his debts to avoid embarrassment, he refused to pay me back, up till date. That seriously strained our relationshipA good decision is one which a person makes, which seems reasonable and can help someone.
As a result of this, we can see that there can be negative outcomes sometimes, no matter the good decision which is made and the good intentions behind them.
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Long before a single vote is cast, candidates are hard at work weighing the costs and benefits of running for office. As a part of this calculus, a strong candidate will spend time crafting a winning strategy for each stage of the contemporary campaign process In the following dialogue, a candidate is considering making a run for office in Texas. She is meeting with a political consultant to discuss her chances in the upcoming election. Use the dropdown menus to complete their conversation
CANDIDATE: Thank you for coming to my office today to discuss my viability as a candidate in the upcoming election.
CONSULTANT: You're welcome. I have conducted some research with the help of my staff on your chances, and we feel that if you choose your issues carefully, mobilize groups properly, and advertise persuasively, you could win
CANDIDATE: By "advertise persuasively," are you referring to 1. that I'm ready to sling mud just yet.
a) Character
b) Retail
c) Negative
CONSULTANT: I agree. It's best to get through the primary season without running attack ads Remember, because this is 2. and any registered voter may participate. The best-case scenario is that you'll win a clear majority of support. Options for 2. primary, voters don't have to declare their party identification,
a) A closed
b) An open
c) Non-partisan
CANDIDATE: Absolutely. I want to have a decisive victory and avoid 3. possible. In your opinion, what is the best way to accomplish this?
a) A recall
b) A runoff
c) An initiative
CONSULTANT: Name recognition is essential. Retail politics is still relevant, as is a good field organization. Our main focus, however, needs to be on the fundraising that will make it all possible. Without a lot of money in the bank, you will quickly be written off as unelectable because Texas campaigns are often quite.
a) Lopsided
b) Expensive
c) Inexpensive
Answer:
CANDIDATE: By "advertise persuasively," are you referring to................ that I'm ready to sling mud just yet.
a) Character
CONSULTANT: I agree. It's best to get through the primary season without running attack ads Remember, because this is...................... and any registered voter may participate. The best-case scenario is that you'll win a clear majority of support. Options for...................... primary, voters don't have to declare their party identification,
b) An open
CANDIDATE: Absolutely. I want to have a decisive victory and avoid.............. possible. In your opinion, what is the best way to accomplish this?
b) A runoff
CONSULTANT: Name recognition is essential. Retail politics is still relevant, as is a good field organization. Our main focus, however, needs to be on the fundraising that will make it all possible. Without a lot of money in the bank, you will quickly be written off as unelectable because Texas campaigns are often quite.............................
b) Expensive
Explanation:
Above bolded words are the words that could be used to fill the dialogue inorder to have a complete sentence between the Candidate and the Consultant.
Banks make money mainly by
A.receiving tax dollars from the government
B.the spread between paying high interest rates on money deposited in the bank and low interest rates on the money loaned out by the bank.
C.the spread between paying low interest rates on money deposited in the bank and high interest rates on the money loaned out by the bank
D.printing money.
Answer:
c
Explanation:
because if you look at how much they pay for your money being in there and then look at what they're change for the money they loan of yours
Which best explains why producers choose to specialize? Check all that apply.
to increase competition
Oto gain a comparative advantage
Oto decrease the amount of goods produced
O to maintain market share
to increase efficiency
Answer:
1. to gain a comparative advantage
2. to increase efficiency
Explanation:
Specialization involves concentrating on producing a few items that once can produce better than others.
Specializing in producing a few preferred goods and services makes a person, company, or country more efficient in resource usage. They consume fewer inputs, such as labor, while making the goods and services. The use of fewer inputs is increasing efficiently, which makes their products cost less compared to competitors.
Specialization makes a company or individual an expert in what they do. Experts make quality products. High quality at competitive prices gains a country or company comparative advantage over the others.
Answer:
Here
Explanation:
1
Type the correct answer in the box. Spell all words correctly.
What happens to your tax liability with proper financial planning?
You can
your tax liability through proper financial planning.
Answer: minimize
Explanation:
Balance sheet information for Pawn Company and its 90%-owned subsidiary, Sox Corporation, at December 31, 20X1, is summarized as follows:
Pawn Sox
Current assets-net $200,000 $50,000
Property, plant, and equipment-net 1,000,000 600,000
Investment in Sox 558,000
$1,758,000 $650,000
Current liabilities $100,000 $30,000
Capital stock 800,000 400,000
Retained earnings 858,000 220,000
$1,758,000 $650,000
Pawn acquired its interest in S for cash when S's assets and liabilities were smaller than their fair values. The consolidated balance sheet of P and S at December 31, 20X1 will show:
a. non-controlling interest, $65,000
b capital stock, $800,000
c. investment in Sioux, $558,000
d. retained earnings, $1,078,000
Answer:
b. capital stock, $800,000
Explanation:
a. Non-controlling interest, $65,000 is incorrect
Reason: The Non-controlling interest would be 10% of the net assets
Net assets = 650,000 - 30,000 =620,000
The Non-controlling interest would be 10% of the net assets
= $620,000 *10% = $62,000
b. b capital stock, $800,000 is Correct
Company will show the capital stock as $800,000 in the consolidated balance sheet. In consolidated financial statements of any company, the amount will be reflected for the equity that with the outside shareholders, and in other company share purchased are not shown under the capital stock account
c. investment in Sioux, $558,000 is incorrect
Reason: investment in Sioux will not be shown in the consolidated balance sheet and will be eliminated in consolidation
d. Retained earnings, $1,078,000 - Incorrect
Reason: Retained earning as summarized in the Balance sheet carry the value of $1,758,000 + $650,000
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost On April 1, Sangvikar Company had the following balances in its inventory accounts:
Materials Inventory $12,670
Work-in-Process Inventory 21,090
Finished Goods Inventory 8,680
Work-in-process inventory is made up of three jobs with the following costs:
Job 114 Job 115 Job 116
Direct materials $2,360 $2,647 $3,807
Direct labor 1,780 1,540 4,120
Applied overhead 1,157 1,001 2,678
During April, Sangvikar experienced the transactions listed below. Materials purchased on account, $28,520. Materials requisitioned: Job 114, $16,190; Job 115, $12,340; and Job 116, $4,850. Job tickets were collected and summarized: Job 114, 170 hours at $11 per hour; Job 115, 210 hours at $14 per hour; and Job 116, 90 hours at $17 per hour. Overhead is applied on the basis of direct labor cost. Actual overhead was $4,590. Job 115 was completed and transferred to the finished goods warehouse. Job 115 was shipped, and the customer was billed for 125 percent of the cost.
Required:
a. Calculate the predetermined overhead rate based on direct labor cost.
b. Calculate the ending balance for each job as of April 30.
Answer: See explanation
Explanation:
a. Calculate the predetermined overhead rate based on direct labor cost.
Job 114:
Predetermined overhead rate = Overhead cost/Direct labor cost
= 1157/1780
= 65%
Job 115:
Predetermined overhead rate = Overhead cost/Direct labor cost
= 1001/1540
= 65%
Job 116:
Predetermined overhead rate = Overhead cost/Direct labor cost
= 2678/4120
= 65%
b. Calculate the ending balance for each job as of April 30
Job 114:
Beginning balance= 2360+1780+1157 = 5297
Material = 16190
Direct labor = 170 × 11 = 1870
Overhead = 1870 × 0.7 = 1309
Ending balance = 24666
Job 115:
Beginning balance= 2647+1540+1001 = 5188
Material = 12340
Direct labor = 210 × 14 = 2940
Overhead = 2940 × 0.7 = 2058
Ending balance = 22526
Less: Finished goods = 22526
Balance = 0
Job 116:
Beginning balance= 3807+4120+2678= 10605
Material = 4850
Direct labor = 90 × 17 = 1530
Overhead = 1530 × 0.7 = 1071
Ending balance = 18056
The balance sheet for Appalachian Corporation at the end of the current year includes the following:
Bonds payable, 6% $5,000,000 6%
Preferred stock, $100 par 1,000,000
Common stock, $10 par 2,000,000
Net income was $565,000 and income tax expense for the current year amounted to $285,000.
Cash dividends paid on common stock were $200,000, and the common stock was selling for $28 per share at the end of the year.
There were no ownership changes during the year. Determine each of the following:
a. Number of times bond interest charges are earned;
b. Number of times preferred dividends are earned;
c. Earnings per share on common stock;
d. Price-earnings ratio;
e. Dividends per share of common stock; and
f. Dividend yield.
According to the question, the answer should be the Number of times preferred dividends are earned. Therefore option B is correct.
What is a dividend?A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.
The dividend yield, which is the dividend per share, is expressed as a percentage of the share price of a company, for example, 2.5%. If a common shareholder of a dividend-paying company owns the stock on the ex-dividend date or earlier, they are eligible to receive a distribution.
By using their voting powers, shareholders must approve dividends. Despite the fact that stock dividends are less prevalent than cash dividends, they are still a possibility. Different exchange-traded funds (ETFs) and mutual funds also provide dividends.
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Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2021 are as follows: ($ millions)
PBO balance, January 1 $530
Plan assets balance, January 1 300
Service cost 50
Interest cost 30
Gain from change in actuarial assumption 36
Benefits paid (46 )
Actual return on plan assets 23
Contributions 2021 40
The expected long-term rate of return on plan assets was 9%. There were no AOCI balances related to pensions on January 1, 2021, but at the end of 2021, the company amended the pension formula, creating a prior service cost of $18 million.
Required:
a. Calculate the pension expense for 2021.
b. Prepare the journal entries to record (a) pension expense, (b) gains or losses, (c) prior service cost, (d) funding, and (e) payment of benefits for 2021.
c. What amount will Electronic Distribution report in its 2021 balance sheet as a net pension asset or net pension liability?
Answer:
Please see below
Explanation:
1. Calculate the pension expense for 2021.
($ millions)
Service cost. $50
Interest cost. $30
Expected return on the plan assets
(1,300 × 6%). ($78)
Amortization of prior service cost $
Amortization of net gain or loss - AOCI $
Pension expense $2
2. Journal expense to record pension expense, gains or losses, prior service cost, funding and payment of benefits for 2021.
1.
Pension expense. Dr $2
Plan assets [expected return on assets] Dr $78
To PBO (50 + 30) Cr $80
(To record the pension expense)
2.
Prior service cost - OCI Dr $18
To PBO Cr $18
(To record the prior service cost)
3.
PBO Dr $36
To Gain - OCI Cr $36
(To record the gain from change in actuarial assumption)
4.
Loss- OCI [1,300 × 6%] - ($23). Dr $55
To Plan assets Cr. $55
(To record the gain or loss on assets)
5.
Plan assets. Dr $40
To Cash Cr. $40
(To record the funding)
6.
PBO Dr $46
To Plan assets. Cr 46
(To record the retiree benefits)
3. What amount will electronic distribution report in its 2021 balance sheet as a net pension asset or net pension liability.
PBO balance, Jan 1 $530
Service cost. $50
Interest cost. $30
Gain from change in actuarial assumption. ($36)
Prior service cost(New). $18
Benefit paid ($46)
PBO balance, December 31. $546
Plan assets balance, Jan 1. $300
Actual return on plan assets $23
Contributions $40
Benefits paid ($46)
Plan assets balance, December 31 $317
PBO balance, December 31 $546
Plan assets balance, December 31 $317
Net pension liability. $229
Western University has only one women’s softball scholarship remaining for the coming year. The final two players that Western is considering are Allison Fealey and Emily Janson. The coaching staff has concluded that the speed and defensive skills are virtually identical for the two players, and that the final decision will be based on which player has the best batting average. Crosstabulations of each player’s batting performance in their junior and senior years of high school are as follows:
Allison Fealey
Outcome Senior Junior
Hit 15 75
No Hit 25 175
Total At-Bats 40 250
Emily JansonOutcome Senior JuniorHit 70 35No Hit 130 85Total At-Bats 200 120
Western University has only one women’s softball scholarship remaining for
A player’s batting average is computed by dividing the number of hits a player has by the total number of at-bats. Batting averages are represented as a decimal number with three places after the decimal.
a. Calculate the batting average for each player in her junior year. Then calculate the batting average of each player in her senior year. Using this analysis, which player should be awarded the scholarship? Explain.
b. Combine or aggregate the data for the junior and senior years into one crosstabulation as follows:
Western University has only one women’s softball scholarship remaining for
Calculate each player’s batting average for the combined two years. Using this analysis, which player should be awarded the scholarship? Explain.
c. Are the recommendations you made in parts (a) and (b) consistent? Explain any apparentinconsistencies
Answer:
Explanation:
virtually identical for the two players, and that the final decision will be based on which player has the best batting average. Crosstabulations of each player’s batting performance in their junior and senior years of high school are as follows:
Allison Fealey
Outcome Senior Junior
Hit 15 75
No Hit 25 175
Total At-Bats 40 250
Emily JansonOutcome Senior JuniorHit 70 35No Hit 130 85Total At-Bats 200 120
Western University has only one women’s softball scholarship remaining for
A player’s batting average is computed by dividing the number of hits a player has by the total number of at-bats. Batting averages are represented as a decimal number with three places after the decimal.
a. Calculate the batting average for each player in her junior year. Then calculate the batting average of each player in her senior year. Using this analysis, which player should be awarded the scholarship? Explain.
b. Combine or aggregate the data for the junior and senior years into one crosstabulation as follows:apparentinconsistencies