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LUCKY_DIMON [66]
3 years ago
9

At December 31, 2017, Mallory, Inc., reported in its balance sheet a net loss of $12 million related to its postretirement benef

it plan. The actuary for Mallory at the end of 2018 increased her estimate of future health care costs. Mallory's entry to record the effect of this change will include: Group of answer choices A debit to Post-retirement benefit expense and a credit to APBO. A debit to Loss-OCI and a credit to APBO. A debit to APBO and a credit to Loss-OCI. A debit to Post-retirement benefit expense and a credit to Loss-OCI.
Business
1 answer:
Vaselesa [24]3 years ago
5 0

Answer:

A debit to Loss-OCI and a credit to APBO

Explanation:

When the net loss is reported on the balance sheet with respect to the postretirement benefit plan also the cost of the future health care is rise so the impact of the change would be that the other comprehensive income i.e. OCI would be debited while on the other hand the accumulated post benefit obligation would be credited

therefore the second option is correct

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Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The sho
Sindrei [870]

Answer:

The EOQ is 353 units

Explanation:

The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.

The formula for EOQ is,

EOQ = √(2*D*O) / H

Where,

  • D is the annual demand in units
  • O is the ordering cost per order
  • H is the holding cost per unit per annum

The annual demand of oil filters by Sam is,

Annual demand = 52 * 150 = 7800 filters

The EOQ for Sam Auto Shop is,

EOQ = √(2*7800*16) / 2

EOQ = 353.27 Units rounded off to 353 units

3 0
3 years ago
An RBS Risk Impact Assessment benefits from information gathered from: I. Onsite examination II. Offsite examination III. News r
Ivan

not being rude but how many question do you have  how do you do that

i know the answer though

4 0
2 years ago
What is application software?
eduard
I believe it's (D) because, An application is any program, or group of programs, that is designed for the end user. Application software can be divided into two general classes: systems software and applications software. Applications software (also called end-user programs) include such things as database programs, word processors, Web browsers and spreadsheets.
5 0
3 years ago
A business would like to invest in a new product, but they are short on extra
jeyben [28]
If i had to answer i would say C or D. (:
7 0
3 years ago
Read 2 more answers
EA11.
koban [17]

Answer:

Predetermined rates for each cost pool

Ordering  = <u>$120,000</u>

                    240,000 orders

                = $0.50 per order

Machine set-up = <u>$85,000</u>

                             340,000 set-ups

                          = $0.25 per set-up  

Inspection  = <u>$75,000</u>

                      75,000 inspections

                  = $1 per inspection                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

Explanation:

The predetermined rates are obtained by dividing the estimated                                                                                                                             overhead for each cost pool by the cost driver.                                                                                                                  

4 0
4 years ago
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