_____ is the industry term for inventory and cash losses from shoplifting damage to merchandise, and employee theft.
1 answer:
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Answer:
3400, Rise, C
Explanation:
1. Since there are just 3 firms and two already has a sum total of 70% (40+30), the third firm will have a market share of 30%
HHI=
HHI= 1600+900+900
HHI= 3400
2. Abe's Bikes with 30% leaves the market, if the two firms were to share Abe's market share equally (15+15), it will leave Firm A with 55% (40+15) and Firm B with (30+15) 45%
Therefore,
HHI=
HHI=3025+2025
HHI= 5050
A rise in HHI
3. C
An index of 10,000 corresponds to a monopoly firm with 100% market share.
Answer:
The answer is well illustrated as below
Explanation:
Remember: Five factors affects the Pension Liability and Plan assets.
1 & 2. Expenses which includes service cost and interest cost
The increase in expense always increases the pension liability so the entry would be:
Dr Service cost $27,100
Dr Interest Cost $30,300 ...... $303,000 Opening Pension Liability * 10%
Cr Pension Liability $57,400
3. Actual return increases the Plan Asset
The Actual return on investment received would increase the Assets worth, which means the journal entry must be passed which would increase the Investment Value (Plan Asset). So the entry would be:
Dr Plan Asset $25,700
Cr Actual return $25,700
4. Contributions made increases the Plan Asset because it is an increase in the investment.
So the journal entry would be:
Dr Plan Asset $20,000
Cr Cash Asset $20,000
5. The benefits paid to employees are decrease in both pension asset and the pension liability. (We had actually borrowed money from the employees and had invested that money so paying off the benefits actually decreases the pension liability and assets).
So the double entry would be:
Dr Pension Liability $17,700
Cr Pension Assets $17,700
Kindly input the above values in the following worksheet:
