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zysi [14]
3 years ago
10

On January 1 of the current year, East Corp. adopted a defined benefit pension plan. The planâs service cost of $75,000 was full

y funded at the end of the current year. Prior service cost was fully funded by a contribution of $30,000 in the current year. Amortization of prior service cost was $12,000 for the current year. Pension expense has no other components. What is the amount of Eastâs pension assets at December 31 of the current year?
Business
1 answer:
Fudgin [204]3 years ago
5 0

Answer:

wassup

Explanation:

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J Corp. common stock is priced at $36.50 per share. The company just paid its $0.50 quarterly dividend. Interest rates are 6.0%.
viva [34]

Answer:

Explanation:

The time (T) = 6 months = 6/12 years  = 0.5 years

Interest rate (r) = 6% = 0.06

The stock is priced [S(0)] = $36.50

The price the stock sells at 6 months (V_c) = $3.20

European call (K) = $35

The price (P) is given by:

P=V_c+K.e^{-rT}-S(0)+Dividends\\But, Dividends = 0.5*e^{-0.25*0.06}+ 0.5*e^{-0.5*0.06}\\Therefore, P=V_c+K.e^{-rT}-S(0)+0.5*e^{-0.25*0.06}+ 0.5*e^{-0.5*0.06}\\Substituting:\\P=3.2+35*e^{-0.06*0.5}-36.5+0.5*e^{-0.25*0.06}+ 0.5*e^{-0.5*0.06}\\P=3.2+33.9656-36.5+0.4926+0.4852\\P=1.64

The price of a 6-month, $35.00 strike put option is $1.65

5 0
3 years ago
What are some common reasons to keep records
tangare [24]
It’s very important to your business. Good records will help you do the following: Monitor the progress of your business.
3 0
2 years ago
​Gulfcoast, Inc. purchased a van on January​ 1, 2019, for $ 900 comma 000. Estimated life of the van was five​ years, and its es
Zarrin [17]

Answer:

$740,200

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

Depreciation = (900,000 - 101,000)/5

= $159,800

Book value is the cost net accumulated depreciation

= $900,000 - $159,800

= $740,200

4 0
3 years ago
Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc
Agata [3.3K]

Answer:

Gain and loss accounts

Explanation:

Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.

Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.

6 0
3 years ago
Tampa Company has the following information: Total estimated manufacturing overhead costs $300,000 Total estimated direct labor
Anarel [89]

Answer: 33.3%

Explanation: The predetermined overhead rate allocates the manufacturing overhead to products. This is based on an estimate, as it is done at the beginning of the financial year. It uses an allocation base, which is usually a cost driver. A cost driver is a type of activity that causes a change in the cost of said activity. Examples of cost drivers usually used are: direct labour hours or machine hours.

The formula for calculating the predetermined overhead rate is:

Total estimated overhead costs ÷ total estimated overhead allocation base (estimated direct labour costs is used)

300 000 ÷ 900 000 = 0.33333 × 100 = 33.3%

6 0
3 years ago
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