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Bogdan [553]
3 years ago
12

Brenda and Louise are twin sisters who each married 20 years ago. Brenda and her husband run a small piano tuning business. They

have had a small, loyal customer base, and their modest but adequate income has not changed over time. Louise and her husband each work for a corporation, and their incomes have steadily increased over the last 20 years allowing them to increase their standard of living. Assuming that Brenda and Louise began their married lives equally happy, and based on their income histories alone, what would you predict about the subjective well-being of Brenda and Louise today
Business
1 answer:
NeX [460]3 years ago
5 0

Answer: Probably, still happy

Explanation:

People measure success differently, and what makes an individual happy may not be applicable to another, some person's gain satisfaction in doing their own business, while some prefer working for other people. This is why there isn't any specific measure for people's success. Concerning Brenda and Louise, there is a great possibility that they are happy in their various endeavors, having chosen a particular career part and stuck to it for years. This doesn't mean they won't have challenges but means they are happy where they are.

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Novak Corporation amended its pension plan on January 1, 2020, and granted $152,280 of prior service costs to its employees. The
m_a_m_a [10]

Answer:

26762.74

Explanation:

Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time

Workings

average time until retirment  = 1880/330

average time until retirment = 5.69 years

prior service cost amortization for 2020 = $152,280/5.69

prior service cost amortization for 2020 = $26762.74

3 0
3 years ago
Wendell Company provided the following pertaining to its recent year of operation:
myrzilka [38]

Answer:

Option (B) is correct.

Explanation:

Wendell's total stockholders' equity increase during the recent year of operation:

= Issued common stock - Cash dividend declared + Net Income - Stock dividend distributed + Sale of treasury stock below cost

= $50,000 - $20,000 + $70,000 - $23,000 + $7,000

= $84,000

Therefore, Wendell's total stockholders' equity increase by $84,000.

3 0
3 years ago
Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined
Setler79 [48]

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

4 0
3 years ago
A mission statement should include the following​ components: A. ​Customers, products/services,​ markets, and competitors B. ​Su
ivanzaharov [21]

Answer:

The correct answer is (a)

Explanation:

A mission statement is an important factor which helps a company to attract customers and show them why their company is different and competitive. A mission statement should include a description of product and services, and it should depict the importance of customers. It should also include little information regarding the competitors. Mission statement is the first thing customers notice when they visit a website.

3 0
3 years ago
Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i
Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018  = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0
3 years ago
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