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aliina [53]
3 years ago
7

The pension plan was amended last year, creating a prior service cost of $20 million. Service cost and interest cost for the yea

r were $10 million and $4 million, respectively. At the end of the year, there was a negligible balance in the net gain–pensions account. The actual return on plan assets was $4 million although it was expected to be $6 million. On average, employees’ remaining service life with the company is 10 years. What was the total pension cost for the year? (
Business
1 answer:
Roman55 [17]3 years ago
8 0

Answer:

Pension expense$ 10

Explanation:

($ in millions)

Service cost $10

Interest cost $4

Expected return on the plan assets(6)

Amortization of prior service cost 2

Amortization of net loss (gain) 0

Pension expense$ 10

Therefore the total pension cost for the year is $10,000,000

Amortization of prior service cost $20 ÷10 years = $2

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Which sentences in the passage correctly describe the intermediaries in the distribution process?
pshichka [43]

Answer:

sentence C and D

Explanation:

choose both sentences!!

"Distributors facilitate the logistics function of storing goods at a suitable location until they can be dispatched. They also finance the sale at times, which implies that they provide credit to retailers."

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2 years ago
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Suppose the price of Twinkies is reduced from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from
valentina_108 [34]

Answer:

d. .64.

Explanation:

Price elasticity of demand measure the responsiveness of demand against change in the price of given product. It measures the ratio of change in demand to change in price.

Change in demand = ( 2200 - 2000 ) / [ (2200+2000)/2 ] = 200 / 2100 = 0.0952

Change in price = ( 1.25 - 1.45 ) / [ (1.25+1.45)/2 ] = 0.2 / 1.35 = 0.148

Elasticity of Demand = Change in demand / change in price = 0.0952 / 0.148 = 0.643 = 0.64

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2 years ago
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production fa
Anna007 [38]

Answer:

Given,

Annual demand, D = 12500,

Setting up cost, S = $ 49,

Production rate per year, P =  production facility × capability of production = 300 × 105 = 31500,

Holding cost per year, H = $ 0.15,

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Q = \sqrt{\frac{2DS}{H(1-\frac{D}{P})}}=\sqrt{\frac{2\times 12500\times 49}{0.15(1-\frac{12500}{31500})}}=3679.60238126\approx 3680

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=\frac{QH}{2}(1-\frac{D}{P})

=\frac{3680\times 0.15}{2}(1-\frac{12500}{31500})

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=\frac{D}{Q}\times S

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=166.44021739

\approx \$ 166.44

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= 166.44 + 166.48 + 12500(0.95)

= $ 12207.92

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3 years ago
The term for a rise in prices of general consumer goods is
skad [1K]
C. Inflation

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Why is money management important? How would you rate your own money management?
sergey [27]

Answer:

because it has money

Explanation:

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