Answer:
The pension expense for the year is 198,400
Explanation:
According to the reports received by the company we have the following relevant data to calculate the pension expense for the year:
Service cost of $ 193,000
Interest cost of $ 31,000
Considering that the long-term expected rate of return on plan assets is 10%, then $ 256,000×10%= 25,600
Pension expense for the year= Service cost of $ 193,000 +Interest cost of $ 31,000-25,600= 198,400.
Answer:
D) sales would be low, profits non-existent, and he would attract golf equipment innovators.
Explanation:
Generally during the introductory stage of a product or service;
- the sales are usually low since not a lot of customers know or trust you product or service,
- due to low sales and high costs, profits are usually very small or non-existent,
- many times innovators are the first ones to try your product, specially in a very conservative market, like golf equipment and related products.
The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.
<h3>What is a journal entry?</h3>
Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.
In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.
Read more about the journal entry
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Answer:
Theory
Explanation:
A Theory is a compilation of laws, experiments, and facts that forms rules that explain an event. This means that a theory can specify how variables will affect this event and in which conditions it happens.
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