Answer:
$180,000
Explanation:
This can be calculated as follows:
Pension cost in year 2 = Service cost + Prior service cost amortization + Interest cost - Actual and expected return on plan assets
Therefore, we have:
Pension cost in year 2 = $160,000 + $5,000 + $50,000 - $35,000 = $180,000
Therefore, Lee report should $180,000 as pension cost in its year 2 income statement.
Answer:
Credit to Gain on Sale of Investments for $2,400
Answer:
The Highest interest rate you can earn on a passbook savings account is 5%
Explanation:
According to the research of 5 Financial institutions in New York the Annual Percentage Yield of a Passbook savings account goes from 1% to 5%.
Bank APY
Apple Bank for Savings 0.10
Emigrant Bank 0.40
Investors Bank 0.50
Provident Bank 0.50
Queens County Svgs Bk 0.50
Answer:
The right answer is option (B)
Explanation:
In this case, the growth rate is higher than the Solow growth rate. When the actual inflation is higher than the expected rate, the borrowing is much cheaper, so people borrow more money that leads to an increase in investment and a substantial decline in savings. The lenders lose the money, and borrowers get all the benefits.
