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Daniel [21]
3 years ago
10

Which of the following statements about the expected postretirement benefit obligation (EPBO) is not correct? a. The EPBO is rec

orded in the accounts. b. The EPBO is used in measuring periodic expense. c. The EPBO is an actuarial present value. d. The EPBO is an actuarial present value and is used in measuring periodic expense.
Business
1 answer:
mixer [17]3 years ago
6 0

Answer:

The correct answer is letter "A": The EPBO is recorded in the accounts.

Explanation:

The Expected Postretirement Obligation (EPBO) is an estimation of the value of the benefits employees will receive upon retirement including all the time workers remained in the firm. This is merely a calculation and is not subject to any type of transaction to be recorded in the company's books. The EPBO is not related to workers' pensions.

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The February contribution format income statement of XYZ Corporation appears below: Sales $ 169,500 Variable expenses 96,000 Con
Liono4ka [1.6K]

Answer:

degree of operating leverage= 4.742

Explanation:

Giving the following information:

Contribution margin 73,500

Net operating income $ 15,500

<u>To calculate the degree of operational leverage, we need to use the following formula:</u>

degree of operating leverage= Total contribution margin / operating income

degree of operating leverage= 73,500 / 15,500

degree of operating leverage= 4.742

4 0
3 years ago
What process is designed to help new employees become familiar with their jobs and organizations?.
emmasim [6.3K]

The employee orientation process is intended to aid new hires in becoming acquainted with their positions and organizations.

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The terms "organizations" and "institutions" can be used interchangeably, but according to Jack Knight, organizations are either a more condensed version of institutions or a group of institutions; the two are different in that organizations comprise internal institutions (that govern interactions between the members of the organizations).

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8 0
1 year ago
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 300,000 Beginning m
Gala2k [10]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Q=1000

Sales= $ 300,000

Beginning merchandise inventory= $20,000

Purchases= $200,000

Ending merchandise inventory= $7,000

Fixed selling expense= $ ?

Fixed administrative expense= $12,000

Variable selling expense= $15,000

Variable administrative expense= $ ?

Contribution margin= $60,000

Net operating income= $18,000

First, we have to calculate the variable administrative expense:

Contribution margin= sales - cost of goods sold - variable selling expense - variable administrative expense

60000= 300000 - (beginning inventory + purchase - ending inventory) - 15000 - variable administrative expense

variable administrative expense= 300000 - (20000+200000-7000)-15000-60000

variable administrative expense= $12000

Now, we can calculate the fixed selling expense:

Net operating income= contribution margin - fixed selling expense - fixed administrative expense

18000= 60000 - fixed selling expense - 12000

fixed selling expense= 60000-12000-18000

fixed selling expense= 30000

A)Sales= 300,000

Variable costs:

Cost of good sold= 213,000

Variable selling expense= 15,000

Variable administrative expense= 12,000

Total variable cost= 240,000

Contribution margin=$60,000

Fixed costs:

Fixed selling expense= 30,000

Fixed administrative expense= 12,000

Total fixed cost= $42,000

Net profit= $18,000

B) Revenue= 300,000

COGS= 213,000 (-)

Gross porfit= 87000

Selling expense= (30000+15000)= 45,000

Administrative expense= (12000+12000)= 24,000

EBITDA= 18,000

C) Selling price per unit= 300,000/1000= $300

D) Variable cost per unit= total variable cost/q= 240000/1000= $240

E) Contribution margin per unit= 60000/1000= $60

F) The contribution format income statement, because you can easily analyze the effect of each unit in the cost structure and net income.

6 0
3 years ago
A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital and $200,000 on materials. The
faltersainse [42]

Answer:

$80,000

Explanation:

Given that the sales revenue = $1000000

Labor= $600,000

Capital= $150,000

Materials =$200,000

Total expenditure= $(600,000+150,000+200,000)=$950,000

Profit=$1000,000-$950,000=$50,000

Income from renting the space for a year=$30,000

Total economic profit last year= $50,000+$30,000 =$80,000

4 0
3 years ago
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Account
Shalnov [3]

Answer:

Oct. 1

Rent Expense $2,800 (debit)

Cash $2,800 (credit)

Oct 3.

Advertising Expense $525 (debit)

Cash $525 (credit)

Oct 5.

Supplies $1,250 (debit)

Cash $1,250 (credit)

Oct 6.

Office Equipment $9,300 (debit)

Accounts Payable $9,300 (credit)

Oct 10.

Cash $16,600 (debit)

Accounts Receivable $16,600 (credit)

Oct 15.

Accounts Payable $3,720 (debit)

Cash $3,720 (credit)

Oct 27.

Miscellaneous Expense $590 (debit)

Cash $590 (credit)

Oct 30.

Utilities Expense $275 (debit)

Cash $275 (credit)

Oct 31.

Accounts Receivable $50,160 (debit)

Fees Earned $50,160 (credit)

Oct 31.

Utilities Expense $830 (debit)

Cash $830 (credit)

Oct 31.

Capital; Jason Payne $1,700 (debit)

Cash $1,700 (credit)

Explanation:

Transactions are recorded when they occur or incur according to Matching Principle.

Note ; Cash withdrawals reduce the owners capital account and decreases the assets of cash.

6 0
3 years ago
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