Answer:
1 and a half months worth of depreciation
Explanation:
The advantage of starting to depreciate an asset purchased on December is that next year you will be able to depreciate it for a full year under MACRS. Generally, when you purchase an asset, you have to use the half year convention and your depreciation expense for the first year will be low compared to the second year. But if you start depreciating your asset in the current year, even if you purchased it on December and the depreciation expense is not that significant, the next year you will be able to depreciate it at the second year rate.
Answer:
B.$513,000
Explanation:
The pension liability of a company as at December 31, is to be calculated in the following manner:
Pension liability=Projected benefit obligation-Plan Assets(fair value)
=1,250,000-737,000
=$513,000
So based on the above discussion, the answer is B.$513,000
Answer:
Explanation:
a. Provide the journal entry for the vacation pay
Employees earned vacation pay of $39,500 for the period.
Debit Credit
Vacation pay expense A/C $39,500
Vacation payable A/C $39,500
<em>(Being vacation pay accrued for periods) </em>
b. Provide the journal entry for the pension benefit.
9% of employee salaries and the salaries were $750,000
=> The pension plan requires a contribution to the plan administrator: $750,000*9% = $67,500
Debit Credit
Pension expense $750,000
To cash A/C $67,500
To unfunded pension liabilities $683,500
Hope it will find you well.
Answer:
masculinity
Explanation:
Geerte Hofstede's theory of national cultural established 5 dimensions:
- Power distance (PDI)
- Individualism versus collectivism (IDV)
- Masculinity versus femininity (MAS)
: masculinity emphasizes ambition and wealth accumulation, while femininity emphasizes caring and nurturing behaviors, environmental awareness and gender equality.
- Uncertainty avoidance (UAI)
- Long-term orientation (LTO)
