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nexus9112 [7]
3 years ago
6

JDS Shipyard's projected benefit obligation, accumulated benefit obligation, and plan assets were $75 million, $65 million, and

$46 million, respectively, at the end of the year. a. What, if any, pension liability or pension asset must be reported in the balance sheet
Business
1 answer:
meriva3 years ago
8 0

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

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Answer:

1

Explanation:

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In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

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3 years ago
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Answer:

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8 0
4 years ago
During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of
Elanso [62]

(C) Increase liabilities (Accounts payable) by $337.8 million.

<h3>What is inventory?</h3>
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<h3>What is purchasing on credit?</h3>
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Therefore, the correct option is (C) Increase liabilities (Accounts payable) by $337.8 million.

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2 years ago
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Scarcity is relevant to Charles and Ebony's budget because it helps them make a decision on how  to spend their money on the urgent needs while ignoring the other important things which comes with a burden of future cost.

Tradeoff decisions would help Charles and Ebony to analyze the amount of money that they must set out every month for essentials, and discretionary money which is the money left over.

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Opportunity cost looks at affordability given the prices of goods and the individual's income. Opportunity cost measures cost in terms of what must be given up in exchange.

Therefore the factors of scarcity, tradeoff and opportunity cost will affect Charles and Ebony's budget because they have to factor in the effects of these economic forces on the budget.

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1 year ago
Consider this mission statement: "To make the world a bright clean place by making our products a household name worldwide." Thi
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