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zmey [24]
3 years ago
8

Novak Corporation amended its pension plan on January 1, 2020, and granted $152,280 of prior service costs to its employees. The

employees are expected to provide 1,880 service years in the future, with 330 service years in 2020. Compute prior service cost amortization for 2020. Prior service cost amortization for 2020
Business
1 answer:
m_a_m_a [10]3 years ago
3 0

Answer:

26762.74

Explanation:

Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time

Workings

average time until retirment  = 1880/330

average time until retirment = 5.69 years

prior service cost amortization for 2020 = $152,280/5.69

prior service cost amortization for 2020 = $26762.74

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Suppose that the price of flour used to produce bagels increases. Hence the equilibrium price of a bagel​ ________ and the equil
Anon25 [30]

Answer:

Increase , increase

Explanation:

A decrease in the supply of a product increases in its price. Reduced supply means many buyers competing for the few available products.  The prices of goods or services are determined by the intersection of the demand and supply curves. There is an indirect relationship between supply and price of quantity supplied when demand is constant. A reduced supply results in high prices while an increase in supply causes low prices.

As prices increase, suppliers will want to supply more to make profits. Constant demand and a high price will thus lead to an increase in equilibrium quantity.

5 0
3 years ago
Which of the following bonds is the most sensitive to changes in market interest rates?A) 5-year, zero couponB) 5-year, 5 percen
antoniya [11.8K]

Answer:

D) 10-year, zero coupon

Explanation:

The zero coupon bonds with longer maturity period are more sensitive to interest rate changes than coupon payments bonds with the same maturity date and  zero coupon bonds with shorter maturity periods.

4 0
3 years ago
Tryon Corp. and Sandoval, Inc. were joint owners of the former Sandy Glass manufacturing facility. An environmental assessment f
kotegsom [21]

Answer:

One company pays 100%, the other re-reimburses 50%  

Explanation:

If an environmental assessment found that the two companies share joint and several liability for a hazardous materials cleanup.

What could happen if the two of them don't agree to cooperate in the cleanup is that one of the companies will eventually settle the costs fully while the other party will have to reimburse the party that pays, 50%.

The paying company could make claims because the environmental impact assessment has already found both companies jointly liable. hence each company ought to jointly share the costs

4 0
3 years ago
Read 2 more answers
Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours a
xenn [34]

Answer:

Chair unit cost:                 $    49.72

Total cost for 675 chairs: $  33,561

Explanation:

Direct Materials:                                                                   $  14.00

Direct Labor:   1.9 hours x $16 labor cost:                           $ 30.40

Overhead:

1.9 labor hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $<u>  5.32  </u>

                                          Total unit cost:                             $ 49.72

Cost to produce 675 chairs:

675 charis x $ 49.72 per chair = $ 33,561‬

6 0
4 years ago
Under a leader, a team of followers has failed to achieve success in conducting research. What does an effective leader do in th
Sloan [31]

Answer:

leader accepts failure and gains experience from it

Explanation:

solution

team leader is someone who provide you guidance and  instruction and  direction  group or team of employees as they can complete project

and they are responsible for all developing and implementing timeline

so their team use to reach at end goal

but if team failed to achieve success so leader should accepts failure

but with the fail they gain something that is experience

so we can say here leader accepts failure and gains experience from it for doing better

8 0
3 years ago
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