<span>Arcelormittal is using the gent production facility as the standard to compare it to the burns harbor facility. this means that he considers this the unit that is the norm, the bar, an he compares the other facility to it to see if it is below or above what he is considering to be average.</span>
Inflation is an increase in price and decrease of purchasing. If inflation is low, there will be an increase in aggregate demand.
Aggregate demand is the total of all goods and services produced during a period of time. If the prices rise, consumers tend to spend less money because the prices could keep rising and they are preparing for the future.
Answer:
The correct answer is C
Explanation:
Closing entry is defined as the journal entry which is passed or made the end of the accounting period or year, which involves shifting of the data from the temporary accounts on the income statement to the permanent accounts on the balance sheet of the company.
The third closing entry which is to be recorded is as:
Income Summary A/c................................Dr $11,950
Capital A/c................................................Cr $11,950
Being the closing entry has been recorded
Working Note:
Amount = $69,700 - $57,750
= $11,950
True. It is very hard to explain but still try my answer! hope i helped))))
Answer:
$396,000
Explanation:
Computation for the actual return on the plan assets for 2020
Fair value of pension plan assets, December 31, 2020 2,560,000
Fair value of pension plan assets, January 1, 2020 $2,240,000
Increase in fair value of plan assets $320,000
($2,560,000-$2,240,000)
Deduct: Contributions to the plan in 2020 $253,000
Less Benefits paid retirees in 2020 ($329,000)
($253,000-$329,000)
=($76,000)
Actual return on plan assets for 2020$ $396,000
($320,000+$76,000)
Therefore the actual return on the plan assets for 2020 will be $396,000
