The accountant have upon retirement $336,509.63
What is the future value of an annuity?
The accumulated balance in the accountant's retirement account upon retirement is the future value of $6,000 invested for 3 years earning 4% annual rate of return using the future value formula of an ordinary annuity as shown below:
FV=PMT*(1+t)^N-1/r
FV=accumulated balance after 30 years=unknown
PMT=annual investment=$6,000
r=rate of return=4%
N=number of annual investments in 30 years=30
FV=$6000*(1+4%)^30-1/4%
FV=$336,509.63
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Answer:
Keystone XL would be bad for wildlife, especially endangered species. Also without Keystone XL, the same amount of bitumen will be produced and the U.S. will still get all of it through the other pipeline projects. Keystone is not needed!
Explanation:
I believe the answer is: the number of driving accidents a person has will go up or down based on the number of alcoholic drinks consumed
Consuming alcohol would impair the overall function of your brain. This would make your reflex time become significantly slower compared to your capability before consuming the alcohol. Because of this slower reaction, the risk of being involved in driving accidents would also be increased.
Answer:
Journal Entries:
Explanation:
Event 1 Pension expense A/C Dr. $22
Plan assets A/C Dr. $11
To PBO A/C $30
To Amortization of net loss-OCI A/C $3
Event 2 Pension expense A/C Dr.$17
Plan assets A/C Dr. $ 10
Amortization of net gain- OCI A/C Dr. $3
To PBO A/C $30
Event 3 Pension expense A/C Dr.$27
Plan assets A/C Dr. $10
To PBO A/C $30
To Amortization of net loss-OCI A/C $3
To Amortization of prior service cost-OCI A/C $4
1. PBO ($17 service cost + $13 interest cost) = 30
2. PBO ($17 service cost + $13 interest cost) = 30
3. PBO ($17 service cost + $13 interest cost) = 30
The amortization amounts are reported as other comprehensive income in the statement of comprehensive income.
Answer:
13.3%
Explanation:
The time in which the employee are free or not working due to halt in operation or a process. The employee are ready for work in this time and waiting for operation to start.
According to the given data
Total observations = 45 observations
Number of observation that found loader idle = 6 observations
Percentage of idle time is the ratio of number of times labor found idle to total numbers of observations.
Estimated percentage of idle time = (6 / 45) x 100
Estimated percentage of idle time = 13.3%
