Answer:
The correct answer is C.
Explanation:
Giving the following information:
90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment.
Total labor force= 60 + 20 + 20= 100
Unemployed= 20
Unemployment rate= (20/100)*100= 20%
The answer to this question is <span>assets decrease; stockholders' equity decreases
The journal for this transaction would be
Debit: Rent expense xxxxx
Credit: Cash xxxx
Since cash is considered an asset, it will decrease asset if it placed on credit.
Since expense will reduce net income that will be allocated to stockholders' equity, it will reduce stockholders' equity when placed on debit </span>
Answer:
authorized 100,000
issued 70,000
outstanding 70,000 - 4,000 treasury stock = 66,000
Explanation:
The amount authorized doesn't change unless the company start the legal procedure to do it.
The shares, once issued, can't be destroyed.
Te outstanding shares are the mount in the market, that will be the issued shaes less the treasury stock, which are shares in the company's possesion.
Answer:
An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3% of the average wage times the years of service. The employee can expect to receive __$1,380_____ per year upon retirement.
Explanation:
a) Data and Calculations:
Average wage = $60,000
Number of years worked in the firm = 28 years
Defined benefit pension plan rate = 2.3%
Annual defined benefit pension plan = $1,380 ($60,000 * 2.3%)
Total benefit to be received = $38,640 ($1,380*28) or ($60,000 *28 * 2.3%).
b) This employee is expected to receive the total benefit of $38,640 for serving the firm for 28 long years under the defined pension plan, given the plan rate of 2.3% of the average wage.
