Answer:
Lesser of 618000 and 220000 is $220,000, hence it is the maximum benefit.
Explanation:
Alicia is entitled to receive 66% (33 years × 2% per year) of her average salary for her three highest years of compensation.
The average of Alicia’s three highest years of compensation is:
=(588000+618000+648000)/3
=618000,
so she is entitled to receive =618000*66% =407880 before considering the limitation
But, In general, the annual benefit for a participant under a defined benefit plan cannot exceed the lesser of:
100% of the participant's average compensation for his or her highest 3 consecutive calendar years, or $220,000 for 2018
.
Lesser of 618000 and 220000 is $220,000, hence it is the maximum benefit.
Answer:
$233 million
Explanation:
Statement of cash flow
Cash flow from operating activity
Particulars Amount ($ in millions)
Net income 113
<em>Adjustment in net income</em>
Depreciation 72
Amortization 5
Loss on sale of land 3
Decrease account receivable 14
Decrease inventory 12
Increase account payable 8
Decrease salary payable (8)
Increase interest payable 7
Increase income tax payable 7 <u>120</u>
Net cash flow from operating activity <u>233</u>
Answer:
Answer explained below
Explanation:
decrease in consumer surplus = 0.5(initial number of bottles - final number)*(final price-initial price) + (final price-initial price)*(final number)
where initial number of bottles = 25
final number of bottles = 15
initial price = $390
final price = $390
substituting these values, we have
- decrease in consumer surplus = 0.5(25-15)(450-390) + (450-390)15 = 1200
Consumer surplus decreases by 1200
- Consumers will buy the good as long as marginal benefit is greater than or equal price.
Thus quantity demanded will be 2 from the table
Consumer surplus = 240- market price = 240 -220= 20
Consumers total benefit = 220*quantity demanded = 220*2= 440
Answer and Explanation:
The journal entries are shown below:
Account Receivable $409,500
To Sales Revenue $367,000
To Unearned Service Revenue $42,500
(Being account receivable is recorded)
Cost of Goods Sold $310,000
To Merchandised Inventory $310,000
(Being cost of goods sold is recorded)
These two journal entries are to be recorded
Operating Costs
3.Cost of actually running a business
This is a clear indication of the company's resource usage productivity.
Accounts Payable
6.Amounts of money the company owes to other companies for products
as this affect the overall short term debt, if this is lower, the better for the company.
Cash Flow
4.The movement of money in or out of a business
having a positive cash flow is good for investment and capital expenditures.
Startup Costs
2.Cost of starting up a business until it can pay for itself
these costs are most of the time unavoidable.
Gross Profit
5.Total Revenue - Cost of Goods Sold
Angel Investor
1.An investor who provides money to a business in exchange for debt or equity
however, the risk is that you might end up giving a significant controlling stake of the company to the investor.
