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Helga [31]
3 years ago
14

Zink Co.’s defined benefit pension plan had plan assets with a fair value of $325,000 at December 31, year 8, and of $375,000 at

December 31, year 9. During year 9, Zink Co. recognized pension expense of $120,000 and contributed a total of $130,000 to the plan. Certain plan investments, which had a cost and carrying value of $125,000, were sold for $70,000 and payments to retirees for pension benefits amounted to $150,000. What was the actual return on plan assets?
Business
1 answer:
Lady_Fox [76]3 years ago
8 0

Answer:

C. A return of $70000

Explanation:

Given that

Beginning plan asset = 325000

End plan asset = 375000

Contributions = 130000

Total avalable assets initially = beginning plan asset + contributions

= 325000 + 130000

= 455,000.

Distributions of pension resulted in less 150000

Thus,

Balance = 455000 - 150000

= 305000.

But recall that the ending balance was

375000

Thus,

The difference between 375000 and 305000 = $70000, represents the return on plan assets.

Hence return on plan assets

= $70,000

NOTE that, the loss of $55,000 from sale of specific investments is included in the net gain of $70,000

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On april 1, griffith publishing company received $1,548 from santa fe, inc. for 36-month subscriptions to several different maga
Fudgin [204]
Given:
April 1 - <span>Griffith publishing company received $1,548 from Santa Fe, inc. for 36-month subscriptions.
</span><span>
1,548 / 36 months = 43 per month.

Assuming that the amount is paid in cash.
       
                               Debit                  Credit
April 1:                       
Cash                     1,548
     Unearned Revenue                     1,548

April 30:
Unearned Revenue   43
      Revenue Fees                                 43

May 31:
Unearned Revenue    43
      Revenue Fees                                 43

June 30:
Unearned Revenue    43                
      Revenue Fees                                 43

</span>July 31
Unearned Revenue   43
      Revenue Fees                                 43

August 31:
Unearned Revenue    43
      Revenue Fees                                 43

September 30:
Unearned Revenue    43                
      Revenue Fees                                 4<span>3
</span>
October 31:
Unearned Revenue   43
      Revenue Fees                                 43

November 30:
Unearned Revenue    43
      Revenue Fees                                 43

December 31:
Unearned Revenue    43                
      Revenue Fees                                 4<span>3
</span>
Book Value of Unearned Revenue is: 1,548 - (43*9) = 1,548 - 387 = 1,161

Since it is a monthly subscription, the unearned revenue must always have an adjusting entry at the end of the month because Griffith company has already earned some of the prepaid fees. 
3 0
3 years ago
Your client, Bo Regard, holds a complete portfolio that consists of a portfolio of risky assets (P) and T-Bills. The information
kondaur [170]

Answer:

The expected return on Bo's complete portfolio will be "10.32%".

Explanation:

The given question is incomplete. Please find attachment of the complete question.

According to the question, the given values are:

Port's expected return,

R_p=12 \ percent

T-bill's expected return,

R_t=3.6 \ percent

Port's weight,

W_p=80 \ percent \ i.e.,\ 0.80

T-bill's weight,

W_t=20 \ percent \ i.e., \ 0.20

Now,

The Bo's complete portfolio's expected return will be:

⇒  W_p\times R_p+W_t\times R_t

On substituting the given values, we get

⇒  0.80\times 12 \ percent+0.20\times 3.6 \ percent

⇒  10.32 \ percent

Note: percent = %

7 0
3 years ago
ABC Inc. recently purchased an equipment. The price negotiated with the seller was $20,000. Aqua also paid sales tax of $2,000 o
MaRussiya [10]

Answer: $22500

Explanation:

The following information can be gotten from the question:

Price of equipment = $20,000

Sale tax = $2000

Maintenance cost = $2200

Shipping cost = $500

The amount that the equipment should be recorded on the balance sheet prior to recording depreciation expense will be calculated as:

Price = $20000

Add: Sales Tax = $2000

Add: Shipping & Preparation = $500

Price of the equipment before depriciation will then be:

= $20000 + $2000 + $500

= $22500

5 0
3 years ago
What should I do for my biology experiment?
nadya68 [22]

CULTIVATE THE BACTERIA THAT GROW ON YOUR HAND

Ingredients: small airtight container, gelatin dessert

If you buy gelatin from a package, follow the instructions to make it. If you do not find gelatin to make, it should be even easier and just touch the gelatin from the glass jar and wait to see what happens.

Heat water on the stove and add the package contents to it, stirring the mixture vigorously until the gelatin grains dissolve. While the solution is still hot, pour into container where you want to cultivate your bacteria, and put the lid on in order to avoid contamination. Store the container in the fridge overnight so the gelatin can solidify. Remove from fridge once solid, touch the gelatin, put the lid on again and leave the container at room temp or near the radiator for a few days.

After some days you will see some white spots on the gelatin. These are your hands’ skin bacteria. Even if you try to wash your hands and repeat the experiment again, we will always have bacteria on our hands.

Explanation

Microorganisms are everywhere but we do not normally see them since they are so tiny and dispersed. In this case, they use the gelatin as food, and since there are so many nutrients in it they can divide (reproduce) many times and accumulate in the container until we are actually able to see them


3 0
3 years ago
The manager of Lawn and Garden Services would like to estimate the proportion of her employees' time spent performing various ga
Juliette [100K]

Answer:

b) 0

Explanation:

In this case, the manager observed that a worker spent 50% of his/her time mowing the garden, but in case this is correct, it would only apply to this worker. She would need to collect data and analyze it from a much larger sample which includes other workers in order to determine if this proportion applies to whole group. You cannot infer a conclusion based on a limited amount of data collected from just one subject. The methodology is incorrect.

8 0
3 years ago
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