Answer:
The Journal entries are as follows:
1.
Service Cost A/c Dr. $22
Interest cost A/c Dr. $15
To Expected return- Plan Assets $9
To Pension expense $28
(To record the pension expense for 2018)
Workings:
Expected return- Plan Assets = 12% of plan assets
= 0.12 × $75
= $9
2.
(i) Pension Expense A/c Dr. $28
Plan Assets (expected return on plan assets) A/c Dr. $9
To PBO (22 service cost + 15 interest cost) $37
(To record pension expense)
(ii) Plan assets A/c Dr. $22
To cash $22
(To record the funding)
(iii) PBO A/c Dr. $8
To plan assets $8
(To record PBO or plan assets)
Answer and Explanation:
The computation is shown below:
a. The labor rate variance is
= actual labor cost - (standard rate × actual hours)
= ($131,340) - ($12.75 × 6,600 hours)
= $47,190 unfavorable
b. The labor efficency variance is
= (actual hours - standard hours) × standard rate
= (6,600 - (1,600 × 16) × $12.75
= $242,250 favorable
In this way it can be calculated and the same is to be considered and relevant
Answer:
Long term (by providing UV protection).
Explanation:
Holden Evan, Inc. is a large multinational consumer goods company. It has recently acquired Smoothsayer, a beauty cream for women, which offers several health benefits at a significant cost of $300 per jar. Smoothsayer fights skin aging in the short term (by reducing significant wrinkles) and in the long term (by providing UV protection).
In the given case, Smoothsayer is a beauty cream that offers few health benefits to the user´s skin. The product can be demographically categorized as in gender and variable age of consumer as a product is women cream that fights skin aging and provides UV protection. This will help the company to manage brand and product more efficiently. Then targeting the customer with different marketing techniques, such as sales promotion, bundling with other products, etc.
Answer:
C. DERIVED DEMAND
Explanation:
Derived Demand
This refers to the demand for a product or service due to the demand of an intermediate or related product or service. That is, an individual demands for a particular good because of the demand for another good.
A good example of this is the demand for wood due to demands in furniture. Here the demand for wood only arises because it is necessary in the production of furniture which is demanded for. So it is the kind of demand that arises due to demand for other products.
A company demands necessary inputs for production because of the demand for the output by the consumers (consumer's demand). Hence why derived demand reflects the link.
Answer:
The change in interest rate will affect the consumption and saving in oppositte ways.
An increase in the interest rate makes spend money now more expensive while makes saving much better. So one goes up (savings) while another down(consumption)
The opposite is true is the rates decline. People will spend as it is cheap and savings decline.
While a tax, as it directly cuts a portion of income, it will make both decrease when up and increase when down. As less or more disposable income is available
Resuming savings and consumption has oppositve relaionship with interest rate
but same relationship with taxes
Explanation: