Answer:
$102,080
Explanation:
Given that,
Service cost = $90,500
Interest rate = 9 %
Expected return on plan assets = $62,800
Prior service cost amortization = $10,300
Projected benefit obligation at January 1, 2017 = $712,900
Pension expense for the year 2017:
= Service cost + Interest cost - Expected return on plan assets + Prior service cost amortization
= $90,500 + ($712,900 × 9%) - $62,800 + $10,300
= $90,500 + $64,080 - $62,800 + $10,300
= $102,080
Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.
A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.
A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.
Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.
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In a perfectly competitive market bell computers will cause profits to increase by producing one more.
A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behaviour in a market economy, despite perfect competition seldom occurring in actual markets.
One of the most efficiently operating markets is one with perfect competition, when a large number of buyers and suppliers cooperate perfectly. Sadly, it is a hypothetical event that does not occur in the real world. But in order to guarantee a fair price for all goods and services, markets should strive to be as similar to this type of market as feasible.
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The correct option is C). Void contract. It is void type of contract if you sign a contract to purchase a machine that will allow you to travel back in time and meet Abraham Lincoln.
<h3>What is void contract?</h3>
Void contract is a formal contract between two parties, which is not authorized by the law and enforceable from the moment it was created.
A void contract is little differ from the valid contract. Void contract is not an actual contract, despite it is unenforceable.
Both void and voidable contract are null, but a void contract cannot be officially valid.
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