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3 years ago

Kraft, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2018:

Business

1 answer:

brilliants [131]3 years ago

6 0

Answer:

c) $465,000

Explanation:

The amount of pension expense reported for 2018 can be calculated using only the relevant data in the question as follows:

Pension expenses = Service cost + (Beginning of year Projected benefit obligation × 10%) - (Beginning of year fair value of plan assets × 10%)

Therefore, we have:

Pension expenses = $ 345,000 + ($3,600,000 × 10%) - ($2,400,000 × 10%) = $465,000

Therefore, the amount of pension expense reported for 2018 is $465,000.

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The Assembly Department had 4,900 units of beginning inventory in September, and 5,700 units were transferred to it from the Cu

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Answer:

Explanation:

add the first two units only

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3 years ago

Which of the following events is not recorded in the accounting records? Entry field with incorrect answer now contains modified

anygoal [31]

Answer:

An employee is terminated.

Explanation:

All the transactions, in a company or organisation are recorded in financial statements of the company.

For this each transaction having some numerical value, that has a monetary effect on the organisation is identified.

In the given case,

purchase of equipment will involve direct monetary effect as cash will be paid, asset will be increased, etc:
cash investment made, will again require cash outflow, and is presented as monetary in nature.
Declaration of cash dividends gives existence to a liability called dividend payable, or scrips payable, and is thus, recorded in books.
The termination of employee does not itself involve any direct monetary effect. As, the payment made or realized from such termination will be recorded in financial statements.

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3 years ago

In which part of a cover letter does the applicant explain the purpose of the letter?

patriot [66]

I believe it is c. because it is the body of the letter

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3 years ago

Read 2 more answers

According to the law of demand, as prices increase, the quantity demanded by people .

Dahasolnce [82]

Answer:

Quantity supplied will increase

6 0

3 years ago

Micro Enterprises has the capacity to produce 10,000 widgets a month, and currently makes and sells 9,000 widgets a month. Widge

kherson [118]

Answer:

The offer shall be accepted.

Explanation:

Provided details, we have

Monthly capacity of production = 10,000 widgets

Actual production = 9,000 units

Where average cost per unit = $5

therefore total cost = 9,000 $\times$ $5 = $45,000

Fixed cost = $18,000

Variable cost = $45,000 - $18,000 = $27,000

Variable cost per unit = $27,000/9,000 = $3 per unit.

Now even if additional 1,000 units will be produced the cost will increase by 1,000 $\times$ $3 = $3,000.

No additional fixed cost will be incurred.

Since buying price is $4 per unit, thus,

Increase in revenue from such sale = $4 - $3 = $1 per unit for 1,000 units = $1,000.

Thus, the offer shall be accepted.

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3 years ago