Answer:
21.9%
Explanation:
Given that
Operating leverage = 7.3
Increase in sales = 3%
According to the given situation, the computation of net operating income is shown below:-
Increase in operating income = Operating leverage × Increase in sales
= 7.3 × 3
%
= 21.9%
Therefore for computing the increase in operating income we simply applied the above formula.
$504000 is the actual return
<u>Explanation:</u>
particulars calculation Amount
Service cost 700000
Interest cost 
480000
Less: Expected return 
576000
Prior service cost 48000
Net loss 30000
Pension expense 682000
Therefore, the pension expense is $682000
<u>The computation is as follows for the calculation of return (in $000’s)
</u>
<u>Plan assets
</u>
Beginning = $5760
Actual return = ?
Cash contributions = 696
Less: Retireee benefits = (624)
Ending balance = $6336
Thus after solving this, we get the actual return that is equal to = $504,000
Answer:
specialize in a specific area is the correct answer.
Explanation:
Answer: The Matching Principle says that we should recognize expenses in the same period that it has helped generate revenue. Thus, recognizing an allowance for doubtful debts for the year resulting from sales would satisfy that principle.
Explanation:
<span>When the economist says that material wants are insatiable, he means that these wants are virtually unlimited and therefore incapable of complete satisfaction. Insatiable means that they are impossibly to satisfy. In the economic world it is best to make use of the limited resources to help satisfy virtually unlimited wants. </span>
