Answer:
The gas at station A is $0.02 per gallon more expensive
Explanation:
Data provided in the question:
Cash rebate provided by the AMEX card = 2%
Cash rebate provided by the VISA card = 1%
Price of the gas = $2.00 per gallon
Now,
Amount of rebate provided by the AMEX card per gallon = 2% of $2.00
= 0.02 × 2.00
= $0.04
Amount of rebate provided by the VISA card per gallon = 1% of $2.00
= 0.01 × 2.00
= $0.02
Since station A does not accept AMEX card
Therefore, VISA card will be used at station A
Thus,
Rebate at station A = $0.02
And rebate at station B = $0.04
Difference in rebate = $0.04 - $0.02
= $0.02
Hence,
The gas at station A is $0.02 per gallon more expensive
The projected benefit obligation was underfunded at the end of 2021 by: $40,000
Solution:
Given,
PBO, January 1, $240,000
December 31, $270,000
pension plan assets (fair value) January 1, $180,000
December 31, $230,000
Now ,
The projected benefit obligation was underfunded at the end of 2021 by :
PBO ($270,000)
Plan assets 230,000
Funded status ($40,000) [ $270,000 - 230,000 ]
∴ The projected benefit obligation was underfunded at the end of 2021 by: $40,000
It seems that you have missed the necessary options for this question, but anyway, the correct answer for this would be PRESENT VALUE. The current value of a future sum of money is called a present value. Hope this is the answer that you are looking for. Have a great day!
Answer:
Explanation:
a. The computation of the adjusted basis for the land and building is shown below:
For land = $100,000
For building = $80,000
b. Gerald's basis for gain:
Gerald's adjusted basis for the land is $100,000
Gerald's adjusted basis for the building is $80,000
Gerald's basis for loss:
Gerald's adjusted basis for the land is $87,000 (fair value)
Gerald's adjusted basis for the building is $65,000 (fair value)
Since all the values are given in the question we simply put them in the correct items
Answer:
balance of 38,616 debit
Explanation:
Inventory
Debits Credits
40,000(A)
800(B)
200(C)
784(D)
38616
(A) the recieved goods increase the inventory balance
(B) when returning the inventory decrease
(C) the shipment cost are necessary to get the ivnentory so are capitalized
(D) the discount decrease both, the cost of inventory and the cash disbursements.
adjusted invoice nominal:
40,000- 800 = 39,200
the commercial terms state a 2% discount which the company received:
39,200 x 0.02 = 784
