All categories

3 years ago

The service cost component of a defined benefit pension plan is computed as the:

1 answer:

mote1985 [20]3 years ago

5 0

Answer: The service cost component of a defined benefit pension plan is computed as the: <em><u>Present value of the change in pension liability from additional employee service. </u></em>

The service cost of a defined benefit pension plan is the change in the pension liability caused by one additional year of employee service. Also an expected return on pension plan assets does not cause an increase in the pension expense for a defined benefit plan.

You might be interested in

The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include

Korolek [52]

The entry to record the receipt of payment is $2,590 in accounts receivable.

What is Trade discount?

Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.

Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.

To learn more about Trade discount click the given link

brainly.com/question/3967119

#SPJ4

3 0

1 year ago

Mostert Music Company had the following transactions in March: Sold music lessons to customers for $12,050; received $6,650 in c

bezimeni [28]

Answer:

Under Cash Basis all transactions for which cash is exchanged whether paid or received is accounted for.

Cash Basis Income Statement

Sales Revenue = $6,650

Customer Deposits = $4,550

Total Revenue = $11,200

Less: Expenses:

Wages = ($700)

Net Income = $10,500

Under Accrual basis, the transactions are recorded as to the period they relate, and it is not necessary to exchange cash for the same.

Accrual Basis Income Statement

Sales Revenue = $12,050

Total Revenue = $12,050

Expenses

Wages = ($700)

Utilities = ($330)

Total Expenses = ($1,030)

Net Income = $11,020

7 0

3 years ago

Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses ma

Murljashka [212]

Answer:

$434,000

Explanation:

Total machining cost = Number of machine hour * Rate per machine hour

= 3,100 * $140

= $434,000

Hence, The total machining cost allocated to product X is $434,000.

5 0

3 years ago

A shift in a PPC/PPF to the right (or outward) illustrates Growth which may be generated by __________________ (better utilizing

Elina [12.6K]

Answer:

The correct answer is economic growth.

Explanation:

A production possibility curve or frontier shows the different combinations or bundles of two goods that can be produced using limited resources. The curve is concave because of increasing opportunity cost.

An outward shift in the production possibility curve shows an increase in the level of production. This can happen because of two reasons ,

Increase in the quantity of resources available , and
Improvement in technology

Both of these factors will help in increasing the level of production. In other words, we can say that the outward shift in the production possibility curve shows economic growth.

8 0

3 years ago

Selling price $ 110,000 $ 110 100 % Variable expenses 60,000 60 55 % Contribution margin 50,000 $ 50 45 % Fixed expenses 30,000

Molodets [167]

Answer:

Increase in income= $5,000

Explanation:

Giving the following information:

Selling price $ 110,000 ($110)

Variable expenses 60,000 ($60)

Contribution margin 50,000 ($50)

Fixed expenses 30,000

Net operating income $ 20,000

The company is considering a reduction in the selling price by $10 per unit and an increase in the advertising budget by $5,000. This will increase sales volume by 50%.

Increase in income= unitary contribution margin* sales in units - new fixed costs

New Income= 40* (1000*1.5) - 35,000= 25,000

Increase in income= $5,000

3 0

3 years ago