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2 years ago

On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.

Business

1 answer:

Brilliant_brown [7]2 years ago

6 0

Answer and Explanation:

a. The pension worksheet for the pension plan for the year 2014 and 2015 is presented on the excel spreadsheet

b. According to the scenario, The journal entry is

Journal Entry:-

Pension expenses A/c Dr. $450,640

Other comprehensive income (gain/loss) A/c Dr. $99,360

Other comprehensive income (prior service cost) A/c Dr. $410,000

To pension assets & liabilities A/c $675,000

To Cash A/c $285,000

(Being the pension expense is recorded)

For recording this we debited the pension expense, other income, gain or loss as it increased the expenses reduced the income and credited the cash and assets and liabilities because it reduced the cash and recognize the pension assets and liabilities

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slega [8]

The appropriate response is economies of scale. It alludes to the cost advantage that emerges with an expanded yield of an item. Economies of scale can emerge in a few territories inside a huge endeavor. While the advantages of this idea in ranges, for example, generation and obtaining are self-evident, economies of scale can likewise affect zones like fund.

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3 years ago

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $

Novosadov [1.4K]

Answer:

$5,360

(not given in the options)

Explanation:

Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as

Depreciation = (cost - salvage value)/useful life

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600

Annual depreciation = ($23,040 - $1,600)/8

= $2,680

After 4 years

Accumulated depreciation = 4 × $2,680

= $10,720

The net book value then

= $23,040 - $10,720

= $12,320

Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value

New depreciation = ($12,320 - $1,600)/2

= $5,360

The depreciation expense in year 5 equals $5,360

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2 years ago

A zero coupon bond: is sold at a large premium. can only be issued by the U.S. Treasury. has a market price that is computed usi

kupik [55]

Answer:

A zero coupon bond:

A. is sold at a large premium.

B. has a price equal to the future value of the face amount given a positive rate of return.

C. can only be issued by the U.S. Treasury.

D. has less interest rate risk than a comparable coupon bond.

E. has a market price that is computed using semiannual compounding of interest.

Answer is : B

Explanation:

In classification of bonds we have a unique type of bond known as Zero-coupon bonds also know as Pure discount bonds, unlike traditional bonds they don’t pay coupon instead they are sold on discount basis and on maturity the bondholder receive a par value, for this reason the price will be at a discount on sale and on maturity be redeemed at par price showing a positive rate of return.

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3 years ago

Since she was hired four months ago, Janelle has performed poorly on many aspects of her job. This is likely to be attributed to

elena-s [515]

Answer:

internal causes

Explanation:

Based on the information provided within the question it can be said that this is most likely to be attributed to internal causes. This term refers to various different attributes within an individual such as their traits, abilities, or even emotional feelings from different events in their lives. These factors are what are most likely affecting Janelle in her new job.

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3 years ago

Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on

AlladinOne [14]

Answer:

Saddle Inc.

1. Overhead rate using the traditional (plantwide) approach is:

= $1.84

2. The overhead rates using activity-based costing approach are:

Machining = $72.49

Machine setup = $211.69

3. The difference in allocation between the two approaches:

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

Explanation:

a) Data and Calculations:

Total estimated overhead costs = $300,000

Machining activity = $195,000

Machine setup activity = $105,000

Standard Custom Total

Direct labor costs $60,000 $103,000 $163,000

Machine hours 1,400 1,290 2,690

Setup hours 96 400 496

Overhead rate based on direct labor costs = $1.84 ($300,000/163,000)

Overhead rates using activity-based costing approach:

Machining = $72.49 ($195,000/2,690)

Machine setup = $211.69 ($105,000/496)

Allocation of overhead costs:

Standard Custom Total

Using plantwide $110,400 $189,520 $299,920

Using ABC:

Machining $101,486 $93,512 $194,998

Machine setup 20,322 84,676 104,998

Total costs $121,808 $178,188 $299,996

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

6 0

2 years ago