Answer:
The amount of the projected benefit obligation at December 31 was $ 38.34 million
Explanation:
According to the given data, we have the following:
Beginning PBO= $29.4 million
Service cost= $9.4 million
The actuary's discount rate was 10%, hence Interest cost (10% x $29.4 million)= $2.94 million
Also, there is a Loss (gain) on PBO=$0
, and pension benefits paid by the trustee were $3.4 million.
Therefore, to calculate the amount of the projected benefit obligation at December 31 we would have to use the following formula:
Ending PBO=Beginning PBO+Service cost+Interest cost-pension benefits
=$29.4 million+$9.4 million+$2.94-$3.4 million
=$38.34 million
Answer:
C) 410 tubs
Explanation:
the contribution margin for sinks is $70 (= $150 - $80) and the contribution margin for tubs is $150 (= $600 - $450).
the molding equipment has 4,050 hours of capacity per year, so it can produce either 2,025 sinks or 810 tubs.
we can determine what product is more profitable if we determine a contribution margin per molding equipment usage ratio:
- sink = $70 / 2 hours = $35 per hour
- tub = $150 / 5 hours = $30 per hour
It is more profitable to produce sinks than tubs, but we can sell only 1,000 sinks per year, so even after we product the 1,000 sinks we will have spare molding equipment capacity which we can use to produce tubs.
The spare molding equipment capacity after producing sinks = 4,050 total hours - 2,000 hours used to produce sinks = 2,050 spare molding hours
We can produce 410 tubs (= 2,050 molding hours / 5 hours per tub)
The world's first commencially chrismas card was prodused in 1843 by henry cole
The Company recorded 660 x 74 = $48,840 in deferred revenue. This is a liability account that means they still owe the service or good which they have been paid for.
Every month, the company records an adjusting entry, recognizing one twelfth of the 48,840, 4,070, because they have earned another month of that deferred revenue by providing the magazine.
The journal entry on December 31, 2018, will be
Deferred Revenue 4,070
Revenue (4,070)
If this is the first time they've made the entry, then they will recognize earned revenue for Sep, Oct, Nov and Dec,
Deferred Revenue 16,280
Revenue (16,280)
Answer:
the answer is C
Explanation:
why ? the redemption is used for marketing to define or even to know how in the future your company reach their economic profit levels,and also to the shareholder benefits, so that's why when the company put on the market the outstanding stock , they decide how many any shareholder could get. they are looking always to increase their own business but if the company say that after redemption you must own less than 80% of his percentage ownership, its not common , nobody could get less even 50% of his own outstanding shares stock.
