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.
<u>Answer: </u>leads to the development of a sourcing plan
<u>Explanation:</u>
Inventory planning includes the safety stock planning. Safety stock planning means the additional maintenance of the stock to avoid the situation of being completely out of stock when needed. Safety stock acts as the buffer stock during the times of unexpected sudden increase in demand.
Through inventory and safety planning the goods can be accumulated based on the sale or the production of the firm. These things lead to the development of the source planning.
Answer:
Explanation:
(A) The preparation of the bank reconciliation statement on July 31, 2017 is presented in the spreadsheet. Kindly find the attachment below:
(B) The journal entries are shown below:
Cash A/c Dr $2,576
To Accounts receivable $,2576
(Being cash is collected)
Bank service charges expense A/c Dr $51
To Cash A/c $51
(Being bank service charges paid)
Answer:
Explanation:
debit Unearned Revenue 200
credit Revenues 200
To realize one month of insurance premium revenue
