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kumpel [21]
3 years ago
14

Morgan Company sponsors a postretirement health care plan for its employees. At the end of the current year, the expected postre

tirement benefit obligation (EPBO) relating to a particular employee is $25,000. To date, the employee has completed 10 of her 25 years of total expected service. The APBO at the end of the year relating to this employee is equal to
Business
1 answer:
Katen [24]3 years ago
7 0

Answer:

APBO at end = $10,000

Explanation:

Given:

Expected postretirement benefit = $25,000

Years 10 to 25 years

Missing information:

Discount rate = 6% = 0.06

Find:

APBO at end

Computation :

APBO at end = Expected postretirement benefit[10/25]

APBO at end = 25,000[10/25]

APBO at end = 1,000[10]

APBO at end = $10,000

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3 years ago
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Do you think socially responsible companies are more trustworthy?
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Answer:

yes

Explanation:

yes because they have a better relationship with their customers and staff meaning they will be more trusting and reliable.

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3 years ago
Which one of the statements below is true? Deposits in transit are deducted from the balance per the bank statement, and outstan
NARA [144]

Answer:

Option D. The deposits in transit are added to the balance per the bank statement, and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process.

Explanation:

The reason is that the bank balance as per business books are kept updated according to their knowledge of the transaction verified and bank keeps its business books updated according to its knowledge of the verified transactions.

When the customer presents the check to the business, the business increases its bank balance as per its books and at this point the bank doesn't know whether there is any monetary transaction actually taken place or not. So the bank hasn't altered the business bank balance in their books of accounts. This means the bank is overstated by the deposit in transit and for reconciliation sake we will have to add it to balance as per bank to tally it with the balance as per the business.

Similarly the Outstanding checks which is also known as unpresented checks are the money not yet withdrawn from the business bank account but is actually deducted from the bank balance as per the business books because the payments that the business makes actually records it. This means that the bank balance as per business books are lower than the balance as per the bank and for reconciliation sake we will have to deduct it from the balance as per bank to tally it with the balance as per the business.

5 0
3 years ago
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Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $
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Answer:

Total Assets=$13,500

Explanation:

Assets are items which are used by any company or firm for positive economic value production.

In our problem, we have to find total assets.

Given Data:

Accounts Receivable=$800

Equipment=$10,000

Accounts Payable=$4,200

Prepaid Rent=$2,000

Supplies=$400

Bank Loan=$1,600

Tools= $300

Total Assets=Accounts Receivable+Equipment+Prepaid Rent+Supplies+ Tools

Total Assets=$800+$10,000+$2,000+$400+$300

Total Assets=$13,500

8 0
3 years ago
Which is an example of an expense control strategy?
lana66690 [7]

Answer:

d

Explanation:

Unfortunately cutting or reducing production, or reengineering at all.

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4 years ago
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