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Molodets [167]
2 years ago
12

Harrison Forklift's pension expense includes a service cost of $27 million. Harrison began the year with a pension liability of

$47 million (underfunded pension plan).
1. Interest cost, $8; expected return on assets, $21; amortization of net loss, $6.
2. Interest cost, $23; expected return on assets, $17; amortization of net gain, $6.
3. Interest cost, $23; expected return on assets, $17; amortization of net loss, $6; amortization of prior service cost, $7 million.

Business
1 answer:
Gnoma [55]2 years ago
6 0

Answer:

Explanation: see attachment below

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The desire for a product class rather than for a specific brand is called __________ demand.
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The desire for a produsct class rather than for a specifik brand is called selective demand
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2 years ago
A welder who quits his job and moves from Pittsburgh to Madison to try to get a better welding job is said to be:Group of answer
RideAnS [48]
Frictional unemployment is the result of voluntary employment transitions within an economy.
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2 years ago
Methods analysis is particularly valuable when it is used on jobs that: (I) are high in labor content. (II) are done frequently.
ycow [4]

Answer:

B. I, II, and IV only

Explanation:

Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.

In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.

The primary purpose of job specialization is to increase efficiency and productivity because the employees are able to specialize in the use of specific tools (equipments) to accomplish their tasks, as well as limit the level of error or mistakes in the production process.

In Business management, method analysis can be defined as the study of the detailed process for the performance of a job i.e how a job is done. Thus, method analysis gives a detailed report on the tasks involved in the performance of a job and how they are to be done.

Basically, methods analysis is particularly valuable when it is used on jobs that:

1. Are high in labor content.

2. Are done frequently.

3. Are unsafe, tiring, unpleasant, and/or noisy.

3 0
2 years ago
Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
Komok [63]

Answer:

These are the options for the question:

a. product design excellence.

b. mission statement satisfaction.

c. sustainable price decreases.

d. a sustainable competitive advantage.

e. producer excellence.

And this is the correct answer:

d. a sustainable competitive advantage.

Explanation:

All the other options may be a indirect cause or consequence for Nordstrom's good reputation among the customers, but the direct advantage that this reputation provides is a competitive gain over its market adversaries.

Because the brand is well-regarded, and the clients are satisfied, it is likely that most of the customers are of the loyal type who, when making a purchase, will turn to Nordstrom before considering the competition.

This puts Nordstrom ahead of the competition, and as long as the service quality continues stable or improves even more over time, this advantage will prove sustaniable, and more importantly, profitable.

7 0
3 years ago
To raise operating funds, North American Courier Corporation sold its building on January 1, 2021, to an insurance company for $
Ganezh [65]

Answer:

North American Courier Corporation

1. Appropriate Entries:

Jan. 1, 2021:

Debit Cash Account $503,000

Credit Building $500,000

Credit Gain on Sale-Leaseback $3,000

To derecognize the asset and recognize the gain on the sale-leaseback.

Dec. 31, 2021:

Debit Lease Rental $89,023

Credit Cash Account $89,023

To account for the lease rental for the year.

Note: This treatment is in accordance with ASC 842 and not IFRS 16, which has withdrawn the concepts of operating and finance (capital) leases.  The treatment under IFRS 16 is quite different.

Explanation:

A transaction qualifies for sale and leaseback accounting under ASC 840 when an entity has determined if the transfer of the underlying asset meets the definition of a sale under ASC 606 Revenue from Contracts with Customers.   The two key criteria which can be used by an entity to determine this, are as follows:

1. Does a contract exists; and

2. Has control of the asset been transferred?

We believe that the criteria are met.  Since this transaction qualifies for sale and leaseback accounting under the old ASC 840, the accounting for the Seller-lessee (North American Courier Corporation) is:

1. Recognize transaction price (determined under ASC 606) when buyer-lessor obtains control, adjusted for any off-market terms

2. Derecognize the carrying amount of the underlying asset

3. Recognize gain or loss in full, subject to any off-market terms

4. Account for the (operating) lease in accordance with ASC 840.

8 0
3 years ago
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