Answer:
Is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
Explanation:
A pension plan is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
Generally, there are two main types of pension plans offered by pension funds administrators (pfa);
1. Defined-Benefit Plans: employees are guaranteed to receive a definitive amount of money upon retirement by their employer.
2. Defined-Contribution Plans: employees make certain contributions of money in line with their employer's pension plans.
Answer:
the net present value is $3,600
Explanation:
The computation of the net present value is shown below:
Net present value = Incremental value - additional cost incurred
where,
Incremental value is $2,800
And, the additional cost incurred is
= $37,000 - 1,800 × $21
= $37,000 - $37,800
= -$800
So, the net present value is
= $2,800 - (-$800)
= $3,600
Hence, the net present value is $3,600
Answer:
a. a geographically defined distance of the main office
Explanation:
A perfectly inelastic demand implies that buyers purchase the same amount as before when the price rises or falls. Perfectly inelastic demand states that a consumer will still purchase a good or service regardless of a change in price. If there is a perfectly inelastic demand for an item, that means there is no substitute available for the item. If there is a substitute it will not be perfectly inelastic because someone could buy a different cheaper (cost) product in replacement.
Answer:
The product 2005WSC should be reported at $26 per unit.
Explanation:
The lower-of-cost-or-market (LCM) method is a method of recording the inventory of a company which requires that the inventory cost of the company must recorded at whichever is lower between the inventory's original cost or current market price.
Applying lower-of-cost-or-market, the amount per unit at whcih product 2005WSC should be reported can be determined as follows:
Net realizable value (NRV) = Selling price per unit - Cost of disposal per unit = $30 - $3 = $27
Replacement cost (RC) = $26
NRV - Profit Margin = $27 - ($30 * 40%) = $15
Cost per unit = $27
Note that the market is the middle value of Net realizable value (NRV), $27; Replacement cost (RC), $26; and "NRV - Profit Margin", $15. Since the Replacement cost (RC) of $26 is the middle value, that the market value.
Since the market value of $26 per unit is lower than Cost per unit of $27, by applying lower-of-cost-or-market, the product 2005WSC should be reported at $26 per unit.