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kirza4 [7]
3 years ago
15

Mistor Co. amended its pension plan on January 2 of the current year. It also granted $600,000 of unrecognized prior service cos

ts to its employees. The employees are all active and expect to provide 2,000 service years in the future, with 350 service years this year. What is Mistor's unrecognized prior service cost amortization for the year?
Business
1 answer:
vesna_86 [32]3 years ago
6 0

Answer: $105,000

Explanation:

Given, unrecognized prior service costs granted = $600,000

service years in future = 2,000

service years this year = 350

Mistor's unrecognized prior service cost amortization for the year = (unrecognized prior service costs granted) ÷ (service years in future) ×(service years this year )

= $(600000÷2000×350)

= $105,000

Hence, Mistor's unrecognized prior service cost amortization for the year = $105,000

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Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is expected to grow at a constant rate of
lara [203]

Answer:

correct option is a. 19.63%

Explanation:

given data

dividend = $3.50 per share

constant rate = 10% per year

common stock = $40 per share

flotation costs = $4 per share

solution

we know formula that is

cost of retained earnings = \frac{Dividend}{Current price} + Growth rate

we will ignored Flotation costs  in this case

so it will be = \frac{3.5 * 1+0.1}{40} + 0.1

= 19.63 %

so correct option is a. 19.63%

5 0
3 years ago
Gates Corp. has net income of $172,000, sales of $ 1,453,909, and an accounts receivable balance of $127,100. Assume that 100% p
serious [3.7K]

Answer:

Days' sales in receivables= 31.91 days

Explanation:

The day's sales in account receivable ratio is also called average collection period. It states the number of days on the average to collect a business's account receivable.

Days sales turnover is calculated by dividing total number of days in a year by the account recievables turnover ratio.

The formula for accounts receivable turnover ratio= Current credit sales received/ Accounts receivable balance

Accounts receivable turnover= 1,453,909/127,100

Accounts receivable turnover= 11.439

Assume a 365 day year

Days' sales in receivables= 365/Account receivable turnover

Days' sales in receivables= 365/11.439

Days' sales in receivables= 31.908~ 31.91 days

3 0
3 years ago
Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Item 5 Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Crich Corporation u
emmasim [6.3K]

Answer:

under-applied overheads is $1,340

Explanation:

Note : I have attached the full question/similar as an image below.

Actual Overheads   = $594,960

Applied Overheads = $594,960 / 22,200 x 22,150 = $593,620

Since,

Actual Overheads  > Applied Overheads, overheads have been under-applied.

Amount of under-applied overheads is $1,340 ($594,960 - $593,620).

5 0
2 years ago
A record of payroll infornation including computation of gross and net pay, for each employee for the pay period is called a:___
suter [353]

A record of payroll infornation including computation of gross and net pay, for each employee for the pay period, is called a payroll register

A payroll register is a tool that records each employee's payroll information (gross pay, deductions, withholding tax, net pay, and other payroll-related information) for each pay period and pay date.

TERMS USED IN THIS SENTENCE (33) Accounts Payable Clerk checks payroll for accuracy and produces cash receipts for payroll amounts. Employee checks are drawn from this account and are used only for payroll purposes. Before you can cash your paycheck, you must transfer funds from your general cash account.

A payroll book is a printed or electronic spreadsheet that records key employee payroll information for a specific payroll period. Extension definition. A payroll book helps employers conveniently track employee payroll information.

Learn more about net pay here: brainly.com/question/4356180

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5 0
1 year ago
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Answer:

it impact me because the global helps things to make me smart

Explanation:

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3 years ago
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