Answer:
Details Dec. 31, 2021 Dec. 31, 2022
1. Projected benefit obligation $250 $645
2. Plan assets $260 $556
3. Pension expense $250 $369
4. Net pension asset or net pension liability $10* $89**
Where:
* implies asset
*** implies liability
Note: The figure above are in thousands buy entered as required in the question (Enter your answers in thousands (i.e., 200,000 should be entered as 200).)
Explanation:
Note: See the attached excel file for the calculations Projected benefit obligation, Plan assets, Pension expense, and Net pension asset or net pension liability for December 31, 2021 and December 31, 2022 respectively.
Answer:
the correct answer is c. products purchased by the ultimate consumer.
Explanation:
there are two types of goods, they are, consumer goods and industrial goods.
Consumer goods are the once that are purchased by the consumers for the purpose of consumption and not to produce anything from them.
While industrial goods are mainly bought by companies and producers to produce more goods.
The correct answer is C. Average daily balance method.
In average daily we consider balance interest or owed at the end of the day.
To calculate debt credit card we take the percentage of the total amount of current balance which will be termed as the interest then add one percent of the principal.
T o calculate for daily credit card balance we total the balance in the billing cycle everyday then you will divide your total with the number of days which in the cycle.
Answer:
Cost of goods sold for the first sale made on Jan. 10: $141
Explanation:
The FIFO is a method used to account value for inventory. Under the method, the first item of inventory purchased is the first one sold.
Jan 1 Beginning Inventory 8 units, $12 per unit, total $96
Jan 5 Purchase 12 units, $15 per units, total $180
Jan 10 Sale 11 units, $50 per unit
Cost of good sold = 8 x $12 + 3 x $15 = $141
