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trapecia [35]
3 years ago
8

The following information pertains to Zion Company’s defined benefit pension plan:_______.

Business
1 answer:
kobusy [5.1K]3 years ago
5 0

Answer:

c. $45,000 liability

Explanation:

Fair Value of Plan Asset = Return on asset + employer contribution - Benefit paid

= $22,000 + $40,000 - $0

= $62,000

Projected Benefits Obligation = Service cost + interest cost

= $17,000 + $40,000

= $57,000

Pension asset / (liability) = Opening pension asset/ Liability + Plan asset - Projected Benefit Obligation - Amortization

= $2,000 + $62,000 - $57,000 - $52,000

=  -$45,000

= $45000 Pension Liability

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Which of these statements is false? A company comparison should not be made with industry averages if the company does not clear
ValentinkaMS [17]

Answer:

A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.

Explanation:

In Business management, it is important to note that many companies will not clearly fit into any one industry.

Hence, when using industry averages, it is often necessary to use an industry that the firm best fits rather than randomly picking up any industry. Additionally, the analysis of an organization's financial statements would be more meaningful if the results are compared with industry averages and with results of competitors.

Any financial service sought after, should use its best judgment by analyzing and identifying which industry the firm best fits.

5 0
3 years ago
Refused Furniture. Selina arranges to sell furniture from her furniture store to Roland for $3,000. Roland was supposed to give
Tanya [424]

Answer:B. She is entitled to recover the damages if she can show that Roland agreed to pay such damages in his contract with her.

Explanation:

The non payment of the N500 installment by Roland constitute a breach of the sales contract, However an evidence of a commitment to be liable for additional cost that will be incurred will make it possible for Selina to recover the damages.

7 0
4 years ago
Andrew earns $45,300 in taxable income annually, and pays federal income taxes of $5,345. 40. What is Andrew’s net federal inc
ASHA 777 [7]

Based on the information given Andrew’s net federal income tax rate is c. 11.8%.

Using this formula

Net federal income tax rate=Federal income taxes / Taxable income

Where:

Federal income taxes= $5,345.40

Taxable income=$45,300

Let plug in the formula

Net federal income tax rate=$5,345.40/$45,300

Net federal income tax rate=0.118×100

Net federal income tax rate=11.8%

Inconclusion Andrew’s net federal income tax rate is c. 11.8%.

Learn more here:brainly.com/question/11886585

8 0
3 years ago
While workers in the United States are more task oriented and require information to do their jobs, workers from Korea are more
alisha [4.7K]

Considering the situation described above, it is concluded that Korea is a <u>High context</u> culture, and the U.S. is a <u>low-context</u> culture.

A high context culture is a type of culture that is characterized by collectivism and an implicit form of communication.

On the other hand, a low context culture is a type of culture that is associated with direct verbal interaction and individualism.

It is no secret that the United States promotes individualism or independence as a society which is a form of low context culture. In contrast, the Korean culture promotes stability and group relation, which is a form of high context culture.

Hence, in this case, it is concluded that Korea has high context culture while the United States has a low-context culture.

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8 0
2 years ago
What type of a goal is graduating from college in four years?
eimsori [14]

Answer:

Explanation:

Any goal it's your opinion to be a successful person. Just never give then you will get it.

8 0
3 years ago
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