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RideAnS [48]
2 years ago
7

Windsor, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined

-benefit pension plan for the year ended December 31, 2021. 1/1/21 12/31/21 Accumulated benefit obligation $3,500,000 $1,610,000 Net (gains) and losses 1,400,000 140,000 Projected benefit obligation 6,650,000 6,860,000 Pension assets (at fair value) 3,500,000 4,025,000 The service cost component of pension expense for 2021 is $520,000 and the amortization of prior service cost due to an increase in benefits is $105,000. The settlement rate is 10% and the expected rate of return is 8%. What is the amount of pension expense for 2021
Business
1 answer:
Solnce55 [7]2 years ago
5 0

Answer:

$1,010,000

Explanation:

                 Calculation of Pension Expenses

Particulars                                                     Amount

Service cost                                                  $520,000

Add: Amortized prior service expenses     $105,000

Add: Settlement amount                             ($665,000) ($6,650,000*10%)

Less: Expected return                                 <u>($280,000)</u> ($3,500,000*8%)

Pension Expense for 2021                         <u>$1,010,000</u>

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Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufacturer
HACTEHA [7]

Answer:

Cost of goods sold= $7,395,300

Direct material cost= $3,727,200

Direct labor cost= $3,137,300

Explanation:

A. Calculation to Determine Cost of goods sold using this formula

Cost of goods sold = Sales - Gross Profit

Let plug in the formula

Cost of goods sold= $ 12,755,000 - 5,359,700

Cost of goods sold= $7,395,300

Therefore Cost of goods sold will be $7,395,300

B. Calculation to Determine Direct material cost using this formula

Direct material cost= Material purchased - Indirect materials - Material Inventory, end of period

Let plug in the formula

Direct material cost= 4,251,600 - 185,500 - 298,900

Direct material cost= $3,727,200

Therefore Direct material cost will be $3,727,200

c. Calculation to determine Direct labor cost using this formula

Direct labor cost= Total manufacturing cost - Direct material costs - other factory overhead - Indirect labor

Let plug in the formula

Direct labor cost= 8,122,000 - $3,727,200 - 834,900 - 422,600

Direct labor cost= $3,137,300

Therefore Direct labor cost will be $3,137,300

8 0
3 years ago
Assume that you are on the board of directors of a company that has decided to buy 80 percent of the outstanding stock of anothe
kati45 [8]

Answer and Explanation:

Insider trading means buying or selling the listed shares based on confidential information which is not yet public. This practice is done by the persons who are part of an organization like auditors, employees, directors, etc., and are aware of the confidential information. Hence, it's an unethical and illegal activity if anyone does insider trading and enjoys personal gain on such trading. Hence, if an investor planned to invest $10,000 in an organization for a personal portfolio in a given scenario, it leads to an ethical problem i.e. insider trading.

If Investor Planned to invest $500,000:

No, the answer will not be different if planned to invest $500,000 in an organization. Any investment transaction in an organization with the object to grow personally based on confidential information is deemed to be insider trading.

If the investor recommends to his brother to buy the shares

There is same ethical consideration in both the practice, whether purchasing a share for a personal portfolio or suggesting someone for purchasing the shares. Hence, if anyone suggests buying shares to another person (brother, etc.), it is also deemed unethical and illegal.

Who's called an investor?

An investor is any man or woman or other entity (which includes a company or mutual fund) who commits capital with the expectancy of receiving financial returns.

Is an investor an owner?

As a lending investor you aren't an proprietor. in case you purchase fairness in a organization you've got made an ownership funding. The go back you earn may be your proportional proportion of the enterprise's profits. The preliminary funding amount will stay tied up within the company's general fee.

Learn more about investor here:- brainly.com/question/25300925

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6 0
1 year ago
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Soloha48 [4]
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3 0
3 years ago
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A(n) ________ strategy focuses on new market and product development, innovation, and joint ventures. privatization external gro
Stolb23 [73]

Answer:

Internal growth.

Explanation:

Internal growth strategy is one that uses internal resources to develop a company internally. It focuses on increasing efficiency, hiring the right people, new product development, and better marketing.

Internal growth is also known as organic or natural growth. Growth results in increased profit which is now reinvested in the business.

6 0
3 years ago
The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a fir
My name is Ann [436]

Answer:

1) - proprietorships.

2) - corporations.

3) - proprietorships.

4) - corporations.

Explanation:

So far as figures are concerned, the majority of companies are proprietorships. Even so, mostly based on currency sales revenue, almost all of the trade is conducted by corporations. Businesses are mostly founded as proprietorships and only transformed into corporations until their success results in drawbacks that overshadow the benefits.

So, the following are the reason that describes the following answers are true according to the given scenario.

3 0
3 years ago
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