1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nydimaria [60]
3 years ago
14

Pension data for Millington Enterprises include the following: ($ in millions) Discount rate, 10% Projected benefit obligation,

January 1$370 Projected benefit obligation, December 31 475 Accumulated benefit obligation, January 1 310 Accumulated benefit obligation, December 31 425 Cash contributions to pension fund, December 31 160 Benefit payments to retirees, December 31 56 Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.
Business
1 answer:
Rzqust [24]3 years ago
5 0

Answer:

The service cost component of pension expense for the year ended December 31 is $124 million

Explanation:

Projected benefit obligation, December 31                        $475  

Less: Projected benefit obligation, January 1                -$370  

Less: Interest cost = -37                                            =370*10%

Add: Benefit payments to retirees                                 $56  

Service cost                                                                   $124 million

You might be interested in
What is one major effect of specialization on an economy?
SashulF [63]

Answer:

C. Labor becomes more divided as workers focus on certain skills.

Explanation:

Apex- Econ

5 0
3 years ago
What is the major difference between the unadjusted trial balance and the adjusted trial balance?
Dahasolnce [82]

A. the adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.

The adjusted trial balance includes things like accrued revenues that weren't yet recorded, depreciation, unearned revenues and more.

8 0
3 years ago
In January, 2006, Findley Corporation purchased a patent for a new consumer product for $720,000. At the time of purchase, the p
bezimeni [28]

Answer:

b. $360,000.

Explanation:

Data provided in the question

Purchase value of the patent = $720,000

At the time of purchase, the patent life is 15 years

And, the useful life of the patent is 10 years

So, the amortization expense recorded value is

= $720,000 ÷ 10 years × 5 years

= $360,000

The five years is counted from the year 2006 to the year 2011

8 0
3 years ago
In order to increase the sales of pizzas in a shopping mall, the management decides to insert very brief flashes of pizza images
guapka [62]

Answer: Subliminal persuasion

Explanation: It is a method of advertising, in which the advertiser tries to change the minds of the viewers without even getting to know them what is going on. It is usually used for consumer awareness.

In the given case, the use of brief flashes will attack the sub conscious mind of the consumers making them interested in buying pizza.

Thus , we can conclude that the management is using Subliminal persuasion.

7 0
4 years ago
Lindsay​ Electronics, a small manufacturer of electronic research​ equipment, has approximately 6 comma 800 items in its invento
nignag [31]

Answer:

97.8 or 98 items

Explanation:

A items:

= Percent of items in inventory × No. of items

= 0.1 × 6,800

= 680

B items:

= Percent of items in inventory × No. of items

= 0.31 × 6,800

= 2,108

C Items:

= Percent of items in inventory × No. of items

= 0.59 × 6,800

= 4,012

Units to be counted everyday:

=\frac{A\ items}{workings\ days} + \frac{B\ items}{workings\ days} + \frac{C\ items}{workings\ days}

=\frac{680}{22} + \frac{2,108}{61} + \frac{4,012}{124}

      = 30.90 + 34.55 + 32.35

      = 97.8 or 98 items

7 0
3 years ago
Other questions:
  • Barbara has $150 to open a checking account. Her employer will send her paycheck via direct deposit, but otherwise she wants to
    9·1 answer
  • Morrow Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has
    9·1 answer
  • Can people who disagree about normative ethical theory still reach agreement on practical ethical questions in the business worl
    12·1 answer
  • Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
    5·1 answer
  • Liz planned on opening a handmade quilt business in her hometown. However, after completing a/an _______, she decided to start w
    10·2 answers
  • What is true about the payments with closed-end credit?
    14·1 answer
  • Economist A believes that the elasticity of investment is 1.47 while economist B believes that the elasticity of investment is 0
    11·1 answer
  • What is an example of a flame
    15·1 answer
  • What’s at least 5 daily responsibilities of polygraph analyst
    15·1 answer
  • Sean, Pete, Tom, and Mark formed a partnership to start a water damage restoration business. Each partner has a 25% interest, an
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!