Even though the company is no longer able to pay the retirees, they are still protected because <u>The </u><u>Pension Benefit Guarantee Corporation</u><u> will pay a </u><u>basic benefit. </u>
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The Pension Benefit Guarantee Corporation:
- Was created to protect the pensions of millions of Americans
- Provides a basic benefit to pensioners who need pension payments when their companies no longer pay them
The basic benefit is a percentage of the benefits the retirees receive from their normal plan so it is not much. Retirees will often have to supplement this option.
In conclusion, The <u>Pension Benefit Guarantee Corporation </u>will pay out something to the retirees.
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Answer:
655
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
$190 / ( 0.87 - 0.58) = 655.2 = 655 to the nearest whole number
Answer:
A. An investing activity.
Explanation:
In the statements of cash flows for a given period end, the difference between the opening and closing cash balances for a period is recognized in 3 buckets of activities. These are operating, investing and financing activities.
When an asset is sold for cash, the proceed received from the sale is recognized as an inflow of cash in the section of investing activities in the cash flow statements.
300/12 = 25
So you would pay 25 (/dollars) every month.
I hope it helped you!
Answer:
what was the company’s revenue for 2022?
$3802000
Explanation:
Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE
retained Earnings 928000
begining Equity 1285000
issued 1262000
Pid dividens 242000
928000+profit-3500000-242000=988000
Profit=988000-928000+3500000+242000
Revenue=3802000
