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Alina [70]
3 years ago
7

The projected benefit obligation was $280 million at the beginning of the year and $300 million at the end of the year. Service

cost for the year was $18 million. At the end of the year, there were no pension-related other comprehensive income accounts. The actuary’s discount rate was 5%. What was the amount of the retiree benefits paid by the trustee?
Business
1 answer:
Irina18 [472]3 years ago
7 0

Answer:

$12 million

Explanation:

Calculation to determine the amount of the retiree benefits paid by the trustee

Beg PBO $280 million

Less En PBO ($300 million)

Add Service cost $18 million

Add Interest cost $14 million

(280million*5%)

Retiree benefits Paid by trustee $12 million

Therefore the amount of the retiree benefits paid by the trustee is $12 million

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Answer:

$85

Explanation:

Costco Medical Supply's inventory:

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Selling price     $260                  $100           $340               $165

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Costs to sell     $30                      $15              $25                 $10

If we apply the net realizable value rule, the value of surgical supplies would be:

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the NRV is also the lower of cost since $85 < $90

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4 years ago
The price of stadium seats at a baseball game increases from $20 to $30 and ticket sales fall from 45,000 per game to 35,000 per
Xelga [282]

Answer:

Inelastic

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Price Elasticity of demand = Change in quantity / Change in price

% Change in quantity = ( 45,000 - 35,000 ) / 45,000 = 22.22%

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Price Elasticity of demand = Change in quantity / Change in price

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As the answer is less than 1 so, demand is Inelastic.

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