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Morgarella [4.7K]

3 years ago

10

A company’s existing defined benefit pension plan’s investment portfolio holds certain investments in private companies which do

not have a quoted exchange price. Identify 2 questions related to the accounting for the investments.

1 answer:

satela [25.4K]3 years ago

6 0

Answer:

1. can these investments be exchanged?

2. in what exchange price will they be exchanged in?

Explanation:

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You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and invest them for

FinnZ [79.3K]

Answer:

$86,166.31

Explanation:

We use future value (FV) formula as follows:

Step 1: Calculation of amount to have after five years:

Five years FV = $10,000 × (1 + 0.1)^5

= $10,000 × (1.01)^5

= $10,000 × 1.61051

Five years FV = $16,105.10

Therefore, $16,105.10 will be realized after five years.

Step 2: Calculation of amount to have after twelve years:

Twelve years FV = $16,105.10 × (1 + 0.15)^12

= $16,105.10 × (1.15)^12

= $16,105.10 × 5.35025010547371

Twelve years FV = $86,166.31

Therefore, you will have $86,166.31 after 17 years.

4 0

3 years ago

Bristo Corporation has sales of 1,000 units at $60 per unit. Variable expenses are 40% of the selling price. If total fixed expe

Misha Larkins [42]

Answer:

3.60

Explanation:

Given that,

Sales units = 1,000

Sales price per unit = $60

Variable expenses = 40% of the selling price

Total Fixed cost = $26,000

Contribution margin per unit:

= Selling price - Variable cost

= $60 - ($60 × 40%)

= $60 - $24

= $36

Total contribution:

= Contribution margin per unit × Sales units

= $36 × 1,000

= $36,000

Profit = Total contribution - Fixed cost

= $36,000 - $26,000

= $10,000

Degree of operating leverage:

= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed Expenses)

= (60,000 - 24,000) ÷ (60,000 - 24,000 - 26,000)

= 36,000 ÷ 10,000

= 3.60

8 0

3 years ago

Journalize the following transactions for Henderson Company. Assume a perpetual inventory system. Also, assume a constant gross

otez555 [7]

Answer: See explanation

Explanation:

Merchandise inventory are goods which a wholesaler or distributor has gotten from the suppliers in order to sell to third parties.

On May 9, merchandise inventory was calculated as:

= 960 ÷ 13000 × 7800

= 576

Check the attached file for further explanation

4 0

3 years ago

Select the type of economic system that best matches each of the given descriptions.

Svetllana [295]

Answer:

based on government control- command

of resources and production

based on traditions and customs- traditional;

based on the forces of supply and demand- market

based on price rationing and includes- mixed

some government involvement

Explanation:

i dont cap

7 0

3 years ago

At an activity level of 9,400 machine-hours in a month, Curt Corporation's total variable production engineering cost is $823,44

tatyana61 [14]

Answer:

$107.5 per machine hour.

Explanation:

Step 1: Calculate the total production engineering cost per hour at activity level of 9,800 machine hours in a month

a. Calculate the Variable cost per Unit = total variable cost/units produced

= $823,440/9400 (initial machine hours)

= $87.6 per machine hour

b. calculate the total variable cost for 9,800 machine hours

=variable cost per unit x 9,800 hours

= $858,480

c. Calculate total production cost for 9,800 hours

=total variable cost + fixed cost

= $858,480 + $195,020

= =$1,053,500

d) calculate the production engineering cost per unit

= Total cost for 9,800/ number of hours

=$1, 053, 500 / 9800 hours

=$107.5 per machine hour.

7 0

3 years ago