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leva [86]
3 years ago
15

Premier Sports Inc has a beginning PBO balance of​ $628,000 and a beginning market-related value of plan assets of​ $560,000. Th

e net actuarial gain at the beginning of the period is​ $87,500 and the average employee base has a remaining service life of 20 years. What is the required amortization of actuarial gains or losses for the current​ year?
a. 24,700

b. 1,235

c. 3,140

d. 4,375
Business
1 answer:
eimsori [14]3 years ago
6 0

Answer:

Correct answer is D.

$4375

Explanation:

Amortization of actuarial gain or losses = Net actuarial gain/remaining service life

= 87500/20

Amortization of actuarial gain = $4375

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Cash balance, September 1 (from a summer job) $7,560
neonofarm [45]

Answer:

Katherine Malloy

Personal Cash Budget for September, October, November, and December:

                                       September   October   November   December

Balance                             $7,560      $2,960     $3,060        $3,160

Apartment deposit return                                                            500

Earnings (net of taxes)          940           940           940             940

Borrowing                                                                                      340

Total Cash Receipts        $8,500      $3,900     $4,000        $4,940

Season football tickets          100

Additional entertainment     260           260           260            260

Semester Tuition                4,100                                              4,100

Rent                                       370           370            370             370

Food                                      210            210             210             210

Apartment deposit               500

Total cash payment        $5,540        $840          $840       $4,940

Balance                           $2,960     $3,060       $3,160            $0

Explanation:

Katherine Malloy's cash budgets for the months of September, October, November, and December give some snapshots of her cash receipts and payments, including the planned borrowing of no less than $340 that she must arrange in December in order to pay for her spring semester tuition on December 31.   From the budget, she gets a clearer picture of her cash needs, receipts and expenses.  She is comfortable from September till the end of the year.  But, Katherine must arrange for some cash receipts, either in student loan or support or get another part-time work to increase her income, to enable settle her tuition in December.

4 0
3 years ago
Comfy Mattresses, Inc., is opening a new plant in Orlando, Florida. Ron Lane, distribution manager, has been asked to find the l
romanna [79]

Answer:

The question content is not complet. Here is the complete question I got from google

Comfy Mattresses, Inc., is opening a new plant in Orlando, Florida. Ron Lane, distribution manager, has been asked to find the lowest cost outbound logistics system. Given an annual sales volume of 24,000 mattresses, determine the costs associated with each option below.

a. Build a private warehouse near the plant for $300,000. The variable cost, including warehouse maintenance and labor, is estimated at $5 per unit. Contract carrier transportation costs $12.50 per unit on average. No external transportation services are necessary for shipment of mattresses from the plant to the warehouse in this scenario. The fixed warehouse investment can be depreciated evenly over 10 years.

b. Rent space in a public warehouse 10 miles from the plant. The public warehouse requires no fixed investment but has variable costs of $8 per unit. Outbound contract carrier transportation would cost $12.50 per unit on average. The carrier at charges $5 per unit to deliver the mattresses to the warehouse from the plant.

c. Contract the warehousing and transportation services to the Freeflow Logistic Company, an integrated logistics firm with a warehouse location 25 miles from the plan. Freeflow requires a fixed investment of $150,000 and charges $20 per unit for all services originating at the plant. The fixed investment covers a 10-year agreement with Freeflow.

d. Name a few advantages aside from cost that the low-cost alternative above may have over the other alternatives.

Explanation:

Let us weigh different options for Comfy Mattresses:

Option A

building cost for a private warehouse near the plant(one time fixed cost)  = $300,000

maintenance warehouse of  $ 5 per unit= (24000 X5) = $120,000

cost of contract carrier $12.50 per unit = (24000X12.50) = $300,000

Total cost = $420,000 $(120000+300000)

Depreciation @ 10% = $30,000

Total cost in a year = $450,000 (Total cost + Depreciation = $(420000 +30000))

Option 2

Variable cost=  (24000 X8) $192000

Transportation of outbound carrier = (24000X12.50) $300,000

Carrier charges from warehouse to plant= (24000 X5) $120,000

Total = $612,000 (192000+300000+120000)

Option 3

Company's freeflow Logistic - Fixed investment = $150,000

Other charges =  (24000 X20) = $480,000

Total = $630,000 = $(150000 + 480000)

The best option is the first option. The investment in the first  is more, but after deducting a depreciation of 10% every year the cost would be much less. The total cost in the first year  would be $750,000 if we take depreciation which is more than the 2nd and 3rd option.

The cost will be drastically reduced for the second year. It will  be $450,000, which covers the extra investment done in the warehouse during the first year. From the third year onward, the benefit of going with the first option will start showing.

If we are to  rate all the options, Option 3 would be second in order, after the first option. Here Comfy Mattresses Inc outsources all the services to a private vendor  by paying little extra amount than Option 2. Ina way all the risk as well as tension of transportation and running the plant is passed on the the vendor (Freeflow Logistic Company).

8 0
4 years ago
Q 5.28: Amanda Accountant works for a company that distributes birdseed. While walking through the plant, she notices birdseed s
denis23 [38]

Answer:

The answer is:

Amanda should record the wasted birdseeds (inventory loss) by adjusting the inventory account.

A company's inventory account may be incorrect and show errors due to waste or theft. When a loss in inventory is detected, the inventory account should be adjusted to record all the losses due to waste or theft.  

6 0
3 years ago
Which of these transactions occurring in 2011 would contribute to gdp for 2011?
skad [1K]

The transactions occurring in 2011 that would contribute to gdp (Gross Domestic Product) for 2011 is : Boeing sells a 787 aircraft produced in 2011 to a Korean airline.

8 0
3 years ago
Which of the following statements is CORRECT? (Assume that the risk-free rate is a constant.)a. If the market risk premium incre
podryga [215]

Answer:

E. If the market risk premium increases by 1%, then the required return will increase by 1% for a stock that has a beta of 1.0.

3 0
3 years ago
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