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4 years ago

Which of the following should not be included in accumulated other comprehensive income? Select one:

Business

1 answer:

Afina-wow [57]4 years ago

3 0

Answer: A, C and d

Explanation: Other comprehensive income includes pension plan gianhs and losses and not the minimum pension liability. It also includes gains and losses on available for sale securities and not trading securities.

Gain an d losses on currency translations is added in the income but not of derivatives and hedges.

Hence the correct answer is A,C and D.

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A consumer charges a $2,530. 16 purchase on their credit card. The card has a daily interest rate of 0. 42%. If the consumer pay

aleksandr82 [10.1K]

Answer:

C. $31.88 is the correct answer.

Explanation:

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2 years ago

Can a financial institution keep borrowers from engaging in risky activities if there are no restrictive covenants written into

andriy [413]

YES, financial institutions can keep borrowers from engaging in risky activities, even though there are no written restrictive covenant between the bank and the borrowers. The bank can do this by warning the borrowers that they will not be considered for future loans if the the present loan is not well managed.

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3 years ago

Each month, renaldo earns a commission of 10.5% of his total sales for the month, plus a flat salary of $2,500. if renaldo earns

katovenus [111]

Renaldo would earn <span>2817.63. You take the $ of sales and multiply it by the commissions percentage, then add the number you get with the flat salary to get his total $ earned that month.</span>

8 0

3 years ago

April 30 May 31

Sidana [21]

Answer:

1. Cost of direct materials used

= $177,000

2. Cost of direct labor used

= $150,000

3. Cost of goods manufactured

= $400,700

4. Cost of goods sold

= $423,800

5. Gross profit

= $776,200

6. Overapplied or underapplied overhead

= $60,000 Underapplied

Explanation:

a) Data and Calculations:

Inventories

Raw materials $37,000 $42,000

Work in process 9,800 18,600

Finished goods 58,000 34,900

Activities and information for May

Raw materials purchases (paid with cash) 189,000

Factory payroll (paid with cash) 150,000

Factory overhead

Indirect materials 7,000

Indirect labor 34,500

Other overhead costs 101,000

Sales (received in cash) 1,200,000

Predetermined overhead rate based on direct labor cost = 55%

T-accounts:

Raw materials

Account Titles Debit Credit

Beginning balance $37,000

Cash 189,000

Factory overhead $7,000

Work in process 177,000

Ending balance $42,000

Totals $226,000 $226,000

Work in process

Account Titles Debit Credit

Beginning balance $9,800

Direct materials 177,000

Direct labor 150,000

Applied overhead 82,500

Finished goods $400,700

Ending balance $18,600

Totals $419,300 $419,300

Finished goods

Account Titles Debit Credit

Beginning balance $58,000

Work in process 400,700

Cost of goods sold $423,800

Ending balance $34,900

Totals $458,700 $458,700

Factory overhead

Account Titles Debit Credit

Indirect materials $7,000

Indirect labor 34,500

Other costs 101,000

Work in process $82,500 (55% of direct labor)

Under-applied overhead 60,000

Total $142,500 $142,500

Sales (received in cash) 1,200,000

Cost of goods sold 423,800

Gross profit = 776,200

4 0

3 years ago

Suppose that in 1984 the total output in a single-good economy was 7,000 buckets of chicken. Also suppose that in 1984 each buck

Oduvanchick [21]

Answer: The answer is as follows:

Explanation:

Given that,

Output in 1984 = 7,000 buckets of chicken

Price in 1984 = $10

Output in 2005 = 22,000

Price in 2005 = $16

(1) GDP price index for 1984, using 2005 as the base year:

= $\frac{Price\ of\ good\ in\ specific\ year}{Price\ of\ good\ in\ base\ year}\times100$

= $\frac{10}{16}\times100$

= 62.5

(2) Price level, as measured by this index, rise between 1984 and 2005:

Percentage change in the price level = $\frac{New\ price\ level - original\ price\ level}{Price\ in\ base\ year}\times100$

= $\frac{100 - 62.5}{62.5}\times100$

= 60%

(3) Real GDP for t year = Base price × Quantity in t year

Real GDP in 1984 = Quantity in 1984 × Price in 2005

= 7,000 × 16

= $ 112,000

Real GDP in 2005 = Quantity in 2005 × Price in 2005

= 22,000 × 16

= $ 352,000

3 0

3 years ago