Answer: $207,00
Explanation:
Postretirement benefit for the year is:
= Service cost + Interest cost + Amortization of prior service cost - Return on plant assets - Amortization of net gain
Interest cost = Discount rate * Actual Projected benefit obligation (APBO)
= 8% * 800,000
= $64,000
Return on plant assets = Return on plan assets (actual and expected)* Plan assets
= 10% * 80,000
= $8,000
Postretirement benefit = 150,000 + 64,000 + 2,000 - 8,000 - 1,000
= $207,000
The formula that can be used to find interest rate is Interest rate = (In 2) / 6.
<h3>What is the formula that can be used to determine the interest rate?</h3>
When a bank account is growing with continuous compounding, it means that both the interest accrued and the amount deposited increases continually over a specified period of time.
When the investment doubles, it means that if the future value of the investment is divided by the present value of the investment, the value would be two.
Interest rate = (In FV / PV) / number of years it would take the investment to double
Where:
- FV = future value
- PV = present value
- FV / PV = 2
Interest rate = (In 2) / 6
To learn more about continuous compounding, please check: brainly.com/question/26476328
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Answer:
40,000
Explanation:
Under the direct write-off method, bad debts are expensed. The company credits the accounts receivable account on the balance sheet and debits the bad debt expense account on the income statement.
Allowance for doubtful debt (Opening) = 42,000
Add: Bad de expense = 60,000
Total = 102,000
Less: Allowance for doubtful debt (closing) = 62,000
Write offs = 40,000
<span>Put all of these numbers in a line...obviously, don't put ALL of them, but enough so you can see what you're doing.
1 + 2 + 3 + ... + 297,624,985
Now put all these numbers BACKWARDS underneath that.
1 + 2 + 3 + ... + 297,624,985
297,624,985 + 297,624,984 + 297,624,983 + ... + 1
Now add the first series to the second, and you'll see that they add up to:
297,624,986 + 297,624,986 + 297,624,986 + ...297,624,986
Since there were 297,624,985 terms, the total sum here is
297,624,986 * 297,624,985
But since you added it twice, you divide it by two:
148,812,493 * 297,624,985
This is 44,290,315,996,937,605, so...yes, it is MUCH larger.</span>