Answer:
The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.
However, this change will not affect the net income, as all the items will still be accounted for, accordingly.
Explanation:
GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations. The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs. By this separation, the operating income of GM will increase.
Answer:
The dollar has depreciated relative to the euro
Explanation:
If I exchange you a lesser amount of money in U.S. currency for a bigger amount in Euros when trading money, that means the value of my money is more. So if I were to exchange $1000 for 750 euros instead of 800 euros, the value of a euro eithed went up or the value of a U.S. dollar went down
Answer: C
Explanation: The deadwood employee is the one who habitually does the minimum amount to get by, often blaming others or the “system” when there are problems. They may have ‘retired on the job,’ or lost motivation to work, like spreading gossip and rumours somas not to put in the required energy to work or they are just generaaly lazy folks.
Answer:
Overhead absorption rate
= <u>Budgeted overhead </u> x 100
Budgeted direct labour cost
= <u>$400,000 </u> x 100
$2,000,000
= 20% of direct labour cost
Overhead applied
= 20% x $1,800,000
= $360,000
The balance in the factory overhead account is $360,000 debit
The correct answer is B
Explanation:
In this case, we need to calculate the overhead application rate, which is the ratio of budgeted overhead to budgeted direct labour cost multiplied by 100. Overhead applied is calculated as overhead application rate multiplied by actual direct labour cost.
