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4 years ago

The following information pertains to Fox Co.'s defined benefit pension plan for 20x4:

Business

1 answer:

kramer4 years ago

4 0

Answer:

The effect will be the balancing figure of $210,000 (Return on plan assets)

Explanation:

Workings :

Assets Obligations

$ $

Asset Fair value/PV of obligatio at the beginning 750,000 800,000

Interest nil nil

Benefits paid (215,000) (215,000)

Employer Contribution 230,000

Return on Plan Assets exluding amounts in net

Interest (balancing figure) OCI * 210,000

Assets Fair Value/PV of obligation at the end 975,000 588,000

* OCI means Other Comprehenssive Income

The actual return which is $210,000 would increase the fair value of the asset at the end of the year. However, this will not be recognised in the income statement

This type of return on Plan Assets after a new valuation has been carried out at the end of the year will be treated as as a 're-measurement' and recognised in other comprehensive income.

This is usually the difference between the new value (end of the year fair value ) , and what has been recognized up to date (i.e the opening fair value balance,interest and any cash payments into or out of the plan).

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Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock.

Leto [7]

Answer:

i dont get it, is there a question?

Explanation:

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3 years ago

4. Both the concentration and Herfindahl indices computed by the U.S. Bureau of Census tends to overstate the actual level. In a

Elodia [21]

Answer:

The use of data aggregation leads to overstatement of the concentration and Herfindahl indices

while the use of National/state data leads to understatement of the degree of concentration in local markets.

Explanation:

The ratio of concentration and Herfindahl indices computed are mainly made up of foreign players while the contributions of small local unorganized players are not considered, which leads to the increase in the value of indices and ratios been used, ( i.e. The use of data aggregation ) . hence the overstatement of the actual level.

The understatement of the degree of concentration in local markets happens because of the use of national and state data while computing the concentration in the local markets like gasoline and this is mainly caused by the presence of fewer industries in the market. The state and national data does not reflect the true concentration in the local market hence the degree of concentration is understated at the local level.

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3 years ago

Management at Work

Orlov [11]

Answer:

✔ Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.

✔ You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.

✔ Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.

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2 years ago

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be

faust18 [17]

Answer:

Best estimate for inventory =$70,764.85

Explanation:

The closing inventory value at retail

= (Opening inventory + Purchases - sales) all in retail prices

= $123,000 + $483,000 - 493,000.

= 113000

Closing inventory value at cost

=113,000 × (64,500 + 315,000)/(123,000 + $483,000)

=70,764.85

Best estimate for inventory =$70,764.85

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3 years ago

Corey receives some utility from consuming a frozen dinner (an inferior good) but would much rather purchase healthier food (a n

Korolek [52]

Answer:

The effect that causes Corey's quantity demanded of a frozen dinner to increase is known as income effect

Explanation:

Income effect refers to the change in consumption pattern or in the amount of the good consumed as a result of changes in the consumer's utility and purchasing power. Income effect can be positive or negative.

Here, Corey derives some utility from consuming a frozen dinner (an inferior good). Therefore, as the price increases, the income effect will induce Corey (the consumer) to purchase more.

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4 years ago