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Viktor [21]
3 years ago
10

Pension data for Fahy Transportation Inc. include the following: ($ in millions) Discount rate, 9% Expected return on plan asset

s, 12% Actual return on plan assets, 13% Projected benefit obligation, January 1 $ 620 Plan assets (fair value), January 1 600 Plan assets (fair value), December 31 630 Benefit payments to retirees, December 31 84 Required: Assuming cash contributions were made at the end of the year, what was the amount of those contribution
Business
1 answer:
Yuri [45]3 years ago
6 0

Answer:

$36

Explanation:

Given that,

Projected benefit obligation, January 1 = $ 620

Plan assets (fair value), January 1 = $600

Plan assets (fair value), December 31 = $630

Benefit payments to retirees, December 31 = $84

Actual return:

= Plan assets (fair value), January 1 × Actual return on plan assets

= $600 × 13%

= $78

Cash contributions:

= Ending plan assets + Retirement benefits - Actual return on plan assets - Beginning plan assets (fair value)

= $630 + $84 - $78 - $600

= $36

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When Congress passed a tariff in 1828, South Carolina tried to nullify it toa. To increase the price of exported and imported go
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To assert the power of the state governments over the national government and to indicate that a state should have the ultimate authority over its citizens

Answer: Option B.

<u>Explanation:</u>

In November 1832, the Nullification Convention met. The show announced the taxes of 1828 and 1832 unlawful and unenforceable inside the province of South Carolina after February 1, 1833. It was declared that endeavors to utilize power to gather the duties would prompt the state's withdrawal.

Calhoun, who restricted the government inconvenience of the duties of 1828 and 1832 and contended that the U.S. Constitution gave states the option to obstruct the authorization of a government law. In November 1832 South Carolina received the Ordinance of Nullification, pronouncing the duties invalid, void, and nonbinding in the state.

5 0
3 years ago
Describe at least three risks a company might face if it participates in global trade.
AleksAgata [21]
1. ignorance of laws/statutes/regulations in each country and communication issues

2. vulnerability of being a new entry in global competition

3. off-site business, finding trustworthy trade partners whom you've never met
6 0
3 years ago
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When two proprietors decide to combine their businesses and form a partnership, gaap usually requires that noncash assets be tak
Tcecarenko [31]
When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
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8 0
3 years ago
In the "Case Nugget," Ziva Jewelry Inc., v. Car Wash Headquarters Inc., the plaintiff left his car and keys with a car wash empl
Olenka [21]

Answer:

That the car wash was not liable to the plaintiff because the car wash employees had no notice they were taking responsibility for so much jewelry.

Explanation:

The case of Ziva Jewelry Inc., v. Car Wash Headquarters Inc involved a salesperson Stewart who locked jewellery in his car and took it to the car wash.

He did not disclose that there was expensive jewelry in the car.

The attendant finished washing the car and signalled to Stewart that his car was ready and walked away from the car.

Before Stewart could pay the bill someone had taken the car. Although the police recovered the car the jewellery was stolen.

Zeva Jewellry filed a motion against the car wash that they did not excercise due care in returning the vehicle.

In this instance the car wash was not liable because Stewart did not disclose there was expensive jewelry in the car.

Also the attendant had finished with his car and informed him of this. So it was out of their care when the car theft occured

3 0
2 years ago
The actual manufacturing overhead incurred at Hogans Corporation during April was $59,000, while the manufacturing overhead appl
balandron [24]

Answer:

Manufacturing overhead was over-applied by $15,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $274,000

Explanation:

Under / over applied manufacturing overhead = Applied Manufacturing overhead - Actual Manufacturing overhead

Over-applied manufacturing overhead =  $74,000 - $59,000

Over-applied manufacturing overhead =  $15,000

Cost of Goods Sold = $289,000 - $15,000 = $274,000

Manufacturing overhead are over-applied by $15,000 and cost of goods sold is $274,000.

5 0
3 years ago
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