Answer: C. The employees will receive a share of profits as part of the company's ESOP.
Explanation:
The retirees can still get a portion of profits if they are part of an Employee Stock Ownership Plan.
ESOP is a pretty standard thing these days with companies where they reward their employees with shares in the company.
Seeing as the company is making too little to be able to keep paying Retirement benefits, the retirees being owners of Stock can still partake in the earnings that the company makes when they distribute dividends.
Answer: $50400
Explanation:
Based on the information given in the question, it should be noted that Lincoln Company can take full credit due to the fact that the workers work for more than 400 hours
Therefore, the work opportunity credit will be claimed as 40% of the first $6,000 and this will be:
= (40% × $6000) × 21
= $2400 × 21
= $50400
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Manufacturing overhead costs $30,000
Machine-hours= 100,000
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 30,000/100,000= $0.3 per machine hour.
Answer:
Current ratio = 4.04
Explanation:
Current ratio measures the ability of a business to settle its short term obligations using its liquid financial resources (current assets)
<em>A current ratio in excess of 2 is considered as adequate (except for some special occasions) and vice versa</em>.
Current ratio is computed as follows:
Current ratio = current assets/current liabilities
Applying this we have
$
Cash 102
Receivable 94
Inventory 182
Other current assets <u> 18</u>
<em>Total current assets 396
</em>
<em><u>To</u></em><em>tal current liability 98</em>
Current ratio= Total current assets / T<u>o</u>tal current liability
Current ratio = 396/98= 4.04:1
Current ratio = 4.04
