pension expense may be greater than, equal to, or less than the amount funded.
Answer: Option B.
<u>Explanation:</u>
Pension expense is the expense that a trustee has to bear to give pensions and other offerings to the people who have retired from the services which they were offering.
The amount that the trustee will get in the form of amount funded does not necessarily be the same amount as the expenses of the cash given in the form of pension. It can be greater than equal to or even lesser than the expenses made.
Answer:
<u>Net Income $ 494,000</u>
Explanation:
Cullumber Inc.
CVP income statement
For the Quarter Ended March 31, 2020.
Sales of $2,300,000
Variable
Cost of goods sold $941,000
Selling expenses 104,000
Administrative expenses 108,000
Total Variable Expenses $1153,000
Contribution Margin $ 1147,000
Fixed
Cost of goods sold $474,000
Selling expenses 77,000
Administrative expenses 102,000
Total Fixed Costs $ 653,000
Net Income $ 494,000
<em>Profit</em><em> </em>is what is left after a firm plays its variable costs and fixed costs.
The marginal cost of the second meal deal is $5.
<h3>What is the marginal cost?</h3>
The marginal cost is the change in total cost when consumption is increased by one unit.
Marginal cost = change in total cost / change in consumption
($15 - $10) / (2 - 1) = $5
To learn more about marginal cost, please check: brainly.com/question/16399134
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Answer:
Correct option is B Yes and Yes
Yes - Compensating shall be reported, And Restricted shall also be reported.
Explanation:
Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.
Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.
Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.
Therefore correct option is B
Yes - Compensating shall be reported, And Restricted shall also be reported.
