Answer:
$123
Explanation:
Calculation to determine the service cost component of pension expense for the year ended December 31.
PENSION BENEFIT OBLIGATION
Beginning of the year Projected benefit obligation $360
Service cost ?
Interest cost $36
(10%*360)
Loss (gain) on PBO $0
Less: Retiree Benefits ($54)
End of the year Projected benefit obligation $465
Hence,
SERVICE COST= ($465-$360-$36+$54)
SERVICE COST= $123
Therefore the service cost component of pension expense for the year ended December 31 will be $123
Answer: The hourly wage will be higher in occupation B.
Explanation:
From the information given in the question, workers in occupations A and B possess the same skills and abilities as work for the same number of hours. The difference between both occupations is that there is stability of employment for workers in occupation A while there are seasonal layoffs in occupation B.
Due to the seasonal changes in occupation B, the hourly wage will be higher in occupation B. Workers in occupation B need to be compensated in order to overcome the layoffs and uncertainties.
Answer:
a). Bryan does not cope very well in ambiguous situations.
b). Bryan is quite sociable and can "think on his feet."
Explanation:
In the context it is given that Mara is choosing Bryan, one of her team member for the assignment in China office to train a group of employees in Beijing office. As a procedure Bryan will have to undergo a 3 week diversity training program which will help him to learn about the new environment.
a). One of the major factor that can reduce the likelihood of Bryan's selection if Bryan does not cope very well in the ambiguous situation. Bryan should be able to handle the ambiguous situation that may arise in he training period.
b). The factor that would increase the likelihood of Bryan to get selected is that Bryan is very sociable person and get easily get mix with people around. He is also able to think and react to situation immediately.
Answer:
FV= $1,930.65
Explanation:
Giving the following information:
Cash flow= $80 a year
Number of periods= 12 years
Interest rate= 12% compounded annually
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {80[(1.12^12) - 1]} / 0.12
FV= $1,930.65
