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den301095 [7]
2 years ago
7

The following information is available for the pension plan of Concord Company for the year 2020.

Business
1 answer:
anzhelika [568]2 years ago
4 0

Answer:

$93,900

Explanation:

Computation for pension expense for the year 2020.

PENSION EXPENSE

Service cost $54,700

Interest cost $45,200

($452,000 * 0.10)

Less Actual return ($13,800)

Amortization of PSC $7,800

Pension expense $93,900

Therefore the pension expense for the year 2020 is $93,900

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A group of people who holds a direct stake in the firm is known asa.primary social stakeholders.b.secondary social stakeholders.
cestrela7 [59]

Answer:

A. Primary Social Stakeholders

Explanation:

Primary social stakeholders are people directly benefiting from or affected by a particular business activity, which can be distribution of a product or a change to a service agreement, this people have a direct stake in the firm i.e. customers, employees, stockholders, creditors, suppliers, or anyone else with a financial interest in the product or situation of the firm.

7 0
3 years ago
Read 2 more answers
Fosnight Enterprises prepared the following sales​ budget: Month Budgeted Sales March April May June The expected gross profit r
kvv77 [185]

The question is incomplete as the figures are missing. The complete question is,

Fosnight Enterprises prepared the following sales​ budget:

Month       Budgeted Sales

March         $6,000

April            $13,000

May             $11,000

June            $20,000

The expected gross profit rate is  20​% and the inventory at the end of February was  $7,000.  Desired inventory levels at the end of the month are  30​%  of the next ​month's cost of goods sold.  What are the total purchases budgeted for May?

Answer:

Purchases - May = $10960

Explanation:

To calculate the total value of purchases that are budgeted for May, we first need to calculate the cost of goods sold and the opening and closing inventory for May.

As the gross profit margin is 20%, the cost of goods sold will be 80% of sales.

Cost of goods sold for May = 0.8 * 11000 = $8800

Cost of goods sold for June = 0.8 * 20000 = $16000

Opening inventory - May = 8800 * 0.3  = $2640

Closing Inventory - May = 16000 * 0.3  = $4800

Purchases = Closing Inventory + Cost of Goods Sold for the month - Opening Inventory

Purchases - May = 4800 + 8800 - 2640

Purchases - May = $10960

3 0
3 years ago
Which country does not claim ownership of the invention of churros?.
Juli2301 [7.4K]

Answer:

Mexico

Explanation:

The history of the churro is the subject of much debate. Three countries claim ownership of the snack: Spain, China, and Portugal.

8 0
2 years ago
Sam, Joe, Lynn, and Kori are four business colleagues traveling together on a business trip. There are four adjacent seats avail
Pepsi [2]

Answer:

  • A. Sam, Joe, Lynn, Kori
  • B. Kori, Lynn, Sam, Joe

Explanation:

The constraints we have are two in number.

1. Sam and Kori cannot sit next to each other

2. Lynn and Kori need to sit next to each other.

Both options A and B satisfy both these constraints because Sam and Kori are seated apart and Lynn and Kori are seated together.

Option C satisfies only one constraint which is that Kori is sitting next to Lynn. She is sitting next to Sam however so this option is wrong and by extension, so is option D as well.

4 0
2 years ago
The self-supporting spouse of a registered rep has an account with your firm. Your firm is underwriting the initial public offer
Harman [31]

Answer:

a. cannot be purchased through the IPO.

Explanation:

The Financial Industry Regulatory Authority (FINRA) does not allow purchase of IPO stock by insiders.

It states that no FINRA member firm should sell IPO shares to an account where a restricted person has an interest.

Restricted persons are defined as anyone that is employed by a broker or their immediate family.

So the spouse of the registered representative cannot be given an allocation in the IPO share sale.

6 0
3 years ago
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