Answer:
49.5%.
Explanation:
% of salary towards social security tax = (19000/200,000)*100
= 9.5%
% of savings = 15%
Yearly mortgage payments = 4333.33*12
= 52000
% of mortgage payments = (52000/200,000)*100
= 26%
Replacement ratio = 100% - ( 9.5% + 15% + 26%)
= 49.5%
Therefore, You would expect Lori's wage replacement ratio to be 49.5% at retirement.
Answer:
Implicit cost
Explanation:
The rental income Jacques could receive if he chose to rent out his showroom instead of using the showroom for the operation of his guitar business will be classified as an<em> Implicit cost .</em>
<em>An implicit cost in business is a cost that results from the lost opportunity of not using a company's/business own resources excluding cash resources</em>. they are also seen as economic gain/profits sacrificed for not using the company's resources.
Jacques could use the showroom but when he decides to rent it out it becomes an implicit cost even though the rent generates revenue for him.
Answer: Net Pension liability of $29 million
Explanation:
A net pension liability will be reported when the obligations of the employer which is the Projected benefit obligation, exceeds the Plan assets because the company has less resources than required to satisfy its obligations.
A net pension asset will be when the Projected Benefit Obligation (PBO) is less than the Plan assets.
In this case, there will be a Net pension liability of;
= PBO - Plan assets
= 75 - 46
= $29 million
Answer:
12.28%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $1,407
Future value or Face value = $1,000
PMT = $1,000 × 20% = $200
NPER = 9 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer would be 12.28%
Answer:
1. groups costs into meaningful buckets that are then distributed based on the activity or product they support.
Explanation:
Activity based costing basically categorizes various overheads into different activities, that leads to charge of overheads based on different activities.
In this manner overheads that shall be charged on some standard products based on the activities involved is charged accordingly, and not based on standard overhead allocation rate.
Basically the overheads are divided into various activities and then distributed to each product based on the volume of activity in the manufacturing process of such activity.
