Answer:
Production= 60,740
Explanation:
Giving the following information:
Sales= 59,700
Beginning inventory= 6,410
Desired Ending inventory= 7,450
<u>To calculate the production for the year, we need to use the following formula:</u>
Production= sales + desired ending inventory - beginning inventory
Production= 59,700 + 7,450 - 6,410
Production= 60,740
Cash balance plan is a retirement plan where workers are credited with a part of their pay annually and a predetermined rate of interest.
<h3><u>What is a Cash balance Plan?</u></h3>
A defined-benefit pension plan with a lifetime annuity option is referred to as a "cash balance pension plan."
<h3><u>What are some features of Cash balance plans?</u></h3>
- Based on defined-benefit needs, the financing caps, funding requirements, and investment risk are established.
- Like a defined-contribution plan, this type of plan is managed on an individual account basis.
- The advantage of these programs is that age-based contribution caps are available.
- Pretax contributions enable those 60 and older to save significantly more money each year than younger people.
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Answer:
7.56%
Explanation:
Calculation for the required return for Smiling Elephant
Using this formula
Required return =D/P0
Where,
D=$6.10
P0=$80.65
Let plug in the formula
Required return =$6.10/$80.65
Required return =0.0756×100
Required return =7.56%
Therefore the Required return for Smiling Elephant Inc will be 7.56%
Hourly basis. Salaried employees are paid a flat fee to get the job done.
If information about an entity's ability to continue as a going concern is not disclosed in the financial statements, an auditor of financial statements is likely to express an adverse opinion.
<h3>Define a qualified or adverse opinion.</h3>
A remark made in an auditor's report that is attached to a company's audited financial statements is known as a qualified opinion. According to an auditor's judgment, a company's financial information may have been incomplete or there may have been a significant problem with how generally accepted accounting standards (GAAP) were applied, but the problem was not widespread.
With one or more exceptions, the financials often reflect the company's success and position. The financial statements are inaccurate or do not adhere to widely accepted accounting rules, in our opinion (GAAP).
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