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3 years ago

Pension data for David Emerson Enterprises include the following:

Business

1 answer:

iragen [17]3 years ago

7 0

Answer:

$159

Explanation:

Calculation to determine the service cost component of pension expense for the year ended December 31.

Projected benefit obligation, December 31 555

Add Benefit payments to retirees, December 31

Less Interest cost $54

(12%*450)

Less Projected benefit obligation, January 1 $450

service cost $159

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The following are selected 2017 transactions of Blue Corporation.

padilas [110]

Answer:

Blue Corporation

a. Journal Entries:

Sept. 1 Debit Purchases $65,800

Credit Accounts payable (Encino Company) $65,800

To record the purchase of goods on account.

Oct. 1 Debit Accounts payable (Encino Company) $65,800

Credit 7% Note payable (Encino Company) $65,800

To record the issue of a 12-month note payable.

b. Adjusting Journal Entry:

Dec. 31: Debit Interest expense $1,151.50

Credit Interest payable $1,151.50

To record interest expense for the quarter.

c. Total net liability:

7% Note payable (Encino Company) $65,800

Interest payable $1,151.50

Total net liability $66,951.50

Explanation:

a) Data and Analysis:

Sept. 1 Purchases $65,800 Accounts payable (Encino Company) $65,800

Oct. 1 Accounts payable (Encino Company) $65,800 7% Note payable (Encino Company) $65,800

Dec. 31: Interest expense $1,151.50 Interest payable $1,151.50

4 0

3 years ago

You can now sell 70 cars per month at $35,000 per car, and demand is increasing at a rate of 4 cars per month each month. What i

Eduardwww [97]

Answer:

the fastest we could drop your price before your monthly revenue starts to drop is $2,000

Explanation:

Data provided in the question:

Cars sold per month, Q = 70 cars

Price of each car, P = $35,000

Rate of increase in demand, $\frac{dQ}{dt}$ = 4 cars per month

Now,

Revenue, R = Price(P) × Quantity (Q)

Thus,

When monthly revenue starts to drop i.e $\frac{dR}{dt}$ < 0

⇒ $\frac{dR}{dt}$ = $\frac{d(PQ)}{dt}$ < 0

⇒ $P\frac{dP}{dt}+Q\frac{dQ}{dt}$ < 0

⇒ $70\times\frac{dP}{dt}+35,000\times4$ < 0

⇒ $70\times\frac{dP}{dt}$ < - 140,000

$\frac{dP}{dt}$ < - 2,000

Hence,

the fastest we could drop your price before your monthly revenue starts to drop is $2,000

7 0

3 years ago

Storyboards are not detailed enough to show human-computer Interface features.

Firdavs [7]

Answer:

False

Explanation:

5 0

4 years ago

Haskell Motots common equity on the balance sheet totals $700million and the company has 35 million shares of common stockoutsta

Ludmilka [50]

Answer:

Statements A and C are correct.

Explanation:

Book Value per share is the value shown in the balance sheet, which is calculated by:

Formula: $BV = \frac{Total common holder stocks}{number of common shares}$

After putting values in the formula we get:

$BV = \frac{700m}{35m} = 20$

Market value per share is calculated on the bases of prices of share according to the market. For example, if your company has $10000 share outstanding and the price in market per share is 50 then the market value would be $500000.

So, we have to calculate market value per share for that we have to reverse the actual calculation, which means we will have to divide total market value of outstanding shares by the total number of outstanding shares to get market value per share:

$MV per Share = \frac{10m}{35m} = 28.5$

<em>Hence, statement A and C both are correct. </em>

4 0

3 years ago

Pete makes $825.00 a week. His employer deducts 7.65% for FICA. How much money is the employer deducting?

sattari [20]

Answer:

$63.11

Explanation:

FICA stands for Federal Insurance Contribution Act. It is a combination of two taxes that find Medical health insurance and social security benefits. The employees deduct and withhold FICA from the employee paycheck.

If Pete makes $825 per week

the employer will deduct 7.65% of $825

=7.65/100 X $825

=0.0765 x $825

=$63.1125

6 0

3 years ago