Answer: $47 million
Explanation:
Pension expense arises as a result of the amounts owed to employees in relation to pension liabilities.
It is calculated by;
= Service Cost + Interest expense - Expected return on plan assets + Amortization of prior service cost + Amortization of net loss
= 48 + ( 440 * 5%) - 23
= $47 million
D and E are be the correct answers
Answer:
$232,825
Explanation:
Step 1: Calculation of cost of goods sold (COGS) under First In First Out (FIFO)
Since we know that;
Ending inventory = Beginning inventory + Purchase - COGS of FIFO
Therefore, we can rearrange to make COGS the subject of the formula and substitute the values as follows:
COGS under FIFO = Beginning inventory + Purchase - Ending inventory
= $110,000 + $237,500 - $114,000 =
COGS under FIFO = $233,500
Step 2: Calculation of COGS under Last In First Out (LIFO)
COGS under LIFO = COGS under FIFO - Rise in LIFO reserve
= $233,500 - $675
COGS under LIFO = $232,825
Therefore, the value of COGS LIFO for Brady Inc. in 2018 is $232,825.
Answer:
The suggestion from Donna would be <u>Limited Partnership</u> business structure.
Explanation:
Limited Partnership is the type of partnership where the business entities are authorised by the state. In this partnership, there is atleast one general partner who is involved in the day-to-day running of the business while the other partner(s) provides money but do not contribute towards the day-to-day running.
<em>This is the most common for partners who only want financial returns in a business rather than being bugged down with the debts and liabilities associated with the business.</em>
Answer:
The allowable amount a person can contribute to a Keogh plan is 59 1/2 percent.
Explanation: