1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
FrozenT [24]
4 years ago
8

Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that

the projected level of earnings on plan investments is $184,300, the service cost component is $245,000, and interest on the pension liability is $166,400 for the year. The City is amortizing a deferred outflow resulting from a change in plan assumptions from a prior year in the amount of $6,100 per year. Prepare journal entries to record annual pension expense for the enterprise fund.
Business
1 answer:
Sever21 [200]4 years ago
4 0

Answer:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

Dr Plan assets - pension 411,400

Cr Service cost 245,000

Cr Interest 166,400

Explanation:

Preparation of the journal entries to record annual pension expense for the enterprise fund of Amherst City

Since we are Assuming that the plan investments was $184,300 while the service cost component is the sum of $245,000, and interest on the pension liability is the sum of $166,400 for the year this means the Journal entries to record annual pension expense for the enterprise fund of Amherst City will be:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

(245,000+166,400)

Dr Plan assets - pension 411,400

(245,000+166,400)

Cr Service cost 245,000

Cr Interest 166,400

You might be interested in
Hardware is adding a new product line that will require an investment of $ 1 comma 476 comma 000. Managers estimate that this in
OleMash [197]

Answer:

42,51%

Explanation:

Accounting Rate of Return (ARR) = Average Profits / Average Investment

Calculation of Average Profits

Average Profit = Sum of Profits / Number of Years

                        = (300,000+290,000+240,000×8)/10

                        = $2,510,000 / 8

                        = $313,750

Calculation of Average Investment

Average Investment = Initial Investment + Scrape Value / 2

                                  = $1,476,000/2

                                  = $738,000

Accounting Rate of Return (ARR) = $313,750/$738,000×100

                                                      = 42,51%

5 0
3 years ago
True or False? In order for a SWOT analysis to be successful, it is critical to focus on business processes that met customer ne
romanna [79]

Answer: True.

Explanation:

A business would consider their processes that met Consumer needs in SWOT analysis, the business would consider the processes that met consumer needs as their areas of strengths. SWOT analysis is a business analysis where they consider their strength, weakness, opportunities and strengths relative to a new or existing market.

4 0
3 years ago
In class, we considered various factors relevant to Porter's model of national competitive advantage. We considered the situatio
Rufina [12.5K]

Answer:

Factor Conditions

Explanation:

Factor Conditions -

This is the condition , which refers to the availability of human resources , the capital and the natural resources , are the factor condition .

The example for Natural resource , is Saudi Arabia , being extremely rich in oil , and is the largest exported of oil to various countries .

Human resources , refers to availability of knowledge and skilled labor .

According to porter , these factors need to be upgraded from time to time , to deal with the competition of the growing world .

3 0
4 years ago
The organizations likely to benefit the most from the global reach of e-commerce are those that:.
timofeeve [1]

The organizations likely to help the most from the global reach of e-commerce exist those that: formerly depended on foot traffic into one physical store to sell their products.

<h3>What is e-commerce?</h3>

E-commerce (electronic commerce) stands for the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, especially the internet. These business transactions happen either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business. E-commerce exists in the action of electronically buying or selling products on online services or over the Internet. Ecommerce can be described as the buying and selling of goods electronically online. It is prevalent because of the many advantages of e-business -internet commerce, electronic funds transfer, mobile commerce – this exists broken up into two parts.

Global Reach guides a business initiative to improve the access between a company and their current and potential customers via the usage of the Internet. The organizations likely to help the most from the global reach of e-commerce exist those that: formerly depended on foot traffic into one physical store to sell their products.

To learn more about e-commerce refer to:

brainly.com/question/23369154

#SPJ4

4 0
2 years ago
What was the benefit of being a stockholder in a corporation?
jeyben [28]

Explanation:

A stockholder is characterized by an investor who owns shares of a particular publicly traded company whose shares are traded through the stock exchange or in particular.

There are several stock market benefits for corporations and shareholders alike.

For companies, making available shares corresponds to the capital injection in the organization, which assists in conducting business.

<u>For the stockholders</u>, the benefits are diverse, as they become part of the owners of the organization, the number of shares they own in a given company will be decisive to influence their decision-making power in the company, since stockholders have voting rights in corporate affairs and receives an amount of dividends acquired by the organization in a given period.

4 0
4 years ago
Other questions:
  • Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2018. Du
    15·1 answer
  • Effective and efficient maintenance of records requires records management support personnel within______________.
    10·1 answer
  • Which of the following statements is true?
    7·1 answer
  • Unlike advertising, public relations select one:
    8·1 answer
  • Which of the following statements about federal student loans is TRUE?
    11·1 answer
  • The organization structure that organizations most commonly adopt to solve control problems that result from producing many diff
    10·1 answer
  • Career pathways never overlap.<br> A. <br> True<br> B. <br> False
    9·2 answers
  • You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time
    10·1 answer
  • Roberto went to a grocery store to buy his favorite brand of soft drink; however, the store was temporarily out of that brand, s
    12·1 answer
  • reply if you agree that eddie kaspbrak and stanley uris shouldn’t have dxied in “it cheaper 2” (giving brainliest)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!