Answer: The service cost component of a defined benefit pension plan is computed as the: <em><u>Present value of the change in pension liability from additional employee service. </u></em>
The service cost of a defined benefit pension plan is the change in the pension liability caused by one additional year of employee service. Also an expected return on pension plan assets does not cause an increase in the pension expense for a defined benefit plan.
In the scenario in which an investigator wants to see whether packaging information affects the way teenagers rate the effectiveness of soap, the color of wrapper in addition to the intended independent variable might influence the results. The three different packages are in different colors : pink, red and white.
<u>Given:</u>
Real GDP of US = 32000
Growth rate of US = 2%
Real GDP of China = 4000
Growth rate of China = 7%
<u>To find:</u>
Number of years taken for China's real GDP per capita to be larger than real GDP per capita in the United States.
<u>Solution:</u>
The formula to calculate the years is,
![GDP_{US}\times[1+growth_{US}]^n](https://tex.z-dn.net/?f=GDP_%7BUS%7D%5Ctimes%5B1%2Bgrowth_%7BUS%7D%5D%5En%3CGDP_%7BChina%7D%5Ctimes%5B1%2Bgrowth_%7BChina%7D%5D%5En)
On plugging-in the values,

On solving the values we get,

Therefore, we can clearly identify that number of years is greater than 40 and less than 45.
Answer: The best way to ensure that your company has read and understand the code of ethics is to establish a policy for employees to read it every year and that at the end of the reading, take a knowledge test with a minimum of 90% to pass.
Explanation: The code of ethics establishes parameters that standardize the behavior of people linked to a company. By conducting the assessment every year you ensure that people refresh the code of ethics. You can also offer tutorials that serve to get the message better before the evaluation and if someone fails the evaluation, that person must repeat it until they qualify at this 90%.
Answer:
34%
Explanation:
The formula to calculate the contribution margin ratio is:
Contribution margin ratio= (Sales – variable expenses)/sales
Sales=$803,000
Variable expenses=$803,000*66%=$529,980
Now, you can replace the values:
Contribution margin ratio=($803,000-$529,980)/$803,000
Contribution margin ratio=0.34
According to this, the answer is that the contribution margin ratio is 34%.