Answer:
This question is incomplete since the interest rate is not included and so is the requirement. However, if it asking for the annual contributions Bonnie can make, you can calculate it as shown below and assuming a discount rate of 10%;
Explanation:
Since Bonnie's goal is $300,000, this will be the future value and you can use a financial calculator to solve for recurring deposits (PMT);
Time to retirement; N = 12
Interest rate; I/Y = 10%
Future value; FV = 300,000
One time present cashflow; PV = 0
then compute the recurring deposits; CPT PMT = 14,028.995
Therefore, she will need to contribute $14,029 every year to meet her goal.
Answer:
I think it's C
Explanation:
Hshdh lowballing is basically changing the price lower or higher until someone agrees right.
Answer:
See below
Explanation:
With regards to the above, the predetermined overhead rate is computed below.
Predetermined overhead rate = Estimated factory overhead cost / Estimated direct labor hours
Given that;
Estimated factory overhead cost = $341,900
Estimated direct labor hours = 48,900
Therefore,
Predetermined overhead rate per direct labor hour
= $341,000 / 48,900
= $6.97 per direct labor hour
Answer:
See explanation section
Explanation:
When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,
We will close the entries to income summary are -
D. Depreciation Expense
E. Fees Earned
J. Supplies Expense
L. Wages expense.
The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.
Answer:
C. Service cost, interest cost, and expected return on plan assets.
Explanation:
- A pension expression is an amount that the business charges to expense in relation to the liabilities of the pension payable of the employees and the amount of the expense vary and depends on whether the person is and to benefit from it
- <u>The components of the pension plan include the Service Cost, Interest Cost, the Return on Plan Assets, and the Prior Service Cost, and all the Gains and Losses.
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- The service cost includes the future compensation of the employees. The interest cost is his is interest in the projected benefit obligation.
- <u>The Actual rate of return on an asset plan is the ending plan assets, that forms the contribution and benefit payments, the gain or the loss resulting from changes in the value of a projected benefit</u>
