1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
In a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer ten
scoray [572]

Answer:

counter-act one another.

Explanation:

As  a bilateral monopoly has one buyer and one seller, the buyer wants to pay the lower price possible and the seller wants to charge a high price. So, they have opposite goals and they have to negotiate considering the power each one has and find an agreement in which both win. According to this, the answer is that in a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer tend to counter-act one another as their positions are in conflict and they have to find a middle point to get to an agreement.

The other options are not right because their goals are in conflict so they don't support the idea of the other party and both parties have a relative bargaining power and because of that, the monopoly power of the parties does not favor the buyer or the seller.

6 0
3 years ago
Current Attempt in Progress Restate the following income statement for a retailer in contribution format. Sales revenue ($100 pe
Komok [63]

Answer:

<u>Contribution Margin Income Statement for the year end MM DD, YY</u>

                                                                      $                $

Sales revenue ($100 per unit)                                    66,000

Less: Variable Cost

Less cost of goods sold ($56 per unit)   36,960

Commissions expense ($6 per unit)         3,960

Shipping expense ($3 per unit)               <u>  1,980  </u>

                                                                                   <u>  42,900 </u>

Contribution Margin                                                    23,100

Less: Fixed Cost

Salaries expense                                        7,900

Advertising expense                                <u>  5,800  </u>

                                                                                   <u>  13,700 </u>

Net Income                                                                 <u>  9,400</u>

5 0
3 years ago
Which one of the following statements is correct concerning the payback rule?
Naya [18.7K]

The correct concerning the payback rule is rule is flawed because it ignores all cash flows after some arbitrary point in time.

Payback period in capital budgeting refers to the time required to recover funds spent on an investment or to reach breakeven. Example: If at the beginning of year 1 he invests $1,000 and at the end of year 1 and his second year he earns $500, it pays for itself within 2 years.

The number of years it will take to recover the money invested. For example, if it takes 5 years to recover the cost of an investment, the payback period is he 5 years.

Payback period is defined as the number of years required to recover the original cash investment. In other words, the period during which a machine, plant, or other investment has generated sufficient net income to cover its investment costs.

Learn more about Payback period brainly.com/question/23149718

#SPJ4

7 0
1 year ago
Joe's income is $300. He can buy 2 goods – Food and Shelter. a. (5 points) Write the budget constraint and draw the budget line
GaryK [48]

The budget constrain is how much of each good can Joe's buy and it's given by:

Income = P_f * Q_f +P_s * Q_s  

P_f = Price_of_Food

Q_f = Quantity_of_Food

P_s = Price_of_Shelter

Q_s = Quantity_of_Shelter

In case a):

300 = 5*Q_f(a) + 100*Q_s

in case b):

300 = 10*Q_f(b) + 100*Q_s

To draw each line, you can make a graphic in which the x axis is Q_s and y axis is Q_f

set Q_f = 0 and solve for Q_s which gives => Q_s = 3 so, in the x axis the line will start in Q_s = 3

the same, and solve for Q_f and it'll give =>

Q_f(a) = 60

Q_f(b) = 30

So, from the start in x axis in Q_s = 3 you draw the line (a) to the y axis Q_f(a) = 60 and you draw the line (b) to the y axis Q_f(b) = 30

To get the oportunity cost you have to divide the cost of what is given up (food) by what is gained (shelter).

Oportunity_Cost_Food(a) = 5/100 = 0.05

Oportunity_Cost_Food(b) = 10/100 = 0.10

As you can see, the oportunity cost of food increase

5 0
3 years ago
________ are hired as needed and are not part of the organization's permanent workforce. select one:
Brrunno [24]
C. Independent contractors
5 0
3 years ago
Other questions:
  • Exquisite Expressions is a home decorating company that sells many different household accessories ranging from candles to enter
    14·1 answer
  • You are interested in hiring an ergonomics consultant to evaluate your employees' desks and chairs. You research four consultant
    8·1 answer
  • Jodi just described how Best Buy's new program required a very different way of defining work. Because the hours are no longer i
    9·1 answer
  • The differences between the various 'Money Supplies' (M1, M2, …) are base on A) The volume of the economy they make up C) Whethe
    13·1 answer
  • Which of the followint is a type of primary research
    11·2 answers
  • A company was formed with $60,000 cash contributed by its owners in exchange for common stock. The company borrowed $30,000 from
    13·1 answer
  • Which of the following would cause investment spending to decrease and aggregate demand to shift left? a. a decrease in the mone
    6·1 answer
  • Why is a spending plan an important part of financial planning? Choose all that are correct. а b C Helps to manage your money in
    13·1 answer
  • Golden Arch Company uses the periodic inventory system. It has compiled the following information in order to prepare the financ
    9·1 answer
  • Question 25(Multiple Choice Worth 4 points)
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!