The price of a good or service must ___

On January 1, 2021, Ravetch Corporation’s projected benefit obligation was $51 million. During 2021, pension benefits paid by th

nevsk [136]

Answer:

$67.1 million

Explanation:

Given that,

Projected benefit obligation at the beginning of 2021 = $51 million

Service cost = $18 million

Retiree benefits = $7 million

Projected benefit obligation at December 31, 2021:

= Beginning of 2021 + Service cost + Interest cost - Retiree benefits

= $51 million + $18 million + (10% × $51 million) - $7 million

= $51 million + $18 million + $5.1 million - $7 million

= $67.1 million

3 0

3 years ago

Under the (GLBA) privacy rule, why is it important to differentiate between a consumer and a customer?

enot [183]

Answer:

D. Only customers receive a financial institution privacy notice automatically

Explanation:

Let us take an illustration of all the points, primarily A is inaccurate because simply customers acquire a financial institution's privacy note directly. B and C are unreliable because, depending on the bank's privacy practices, both consumers and customers may have rights under the law and be able to opt-out. So, the answer will be D as we know that, the Privacy Rule demands thou to provide a note to each of your "customers" regarding your privacy systems.

3 0

3 years ago

In the bicycle industry, the feel of high-end bicycles when they are ridden is important. As a serious rider becomes accustomed

Anestetic [448]

Answer:

b. Product Customization

Explanation:

In the bicycle industry, the feel of high-end bicycles when they are ridden is important. As a serious rider becomes accustomed to a particular bicycle, it is very difficult for that rider to switch to an alternative supplier. This is an example of product differentiation through product customization. Product customization can be defined as it is the process where company tailor each and every single product according to the needs and wants of every single individual customer. Every customer can customize each and every single feature and option present in the product according to his or her desire. For example, when you but Dell laptop from their web store, you can customize your laptop where you can select processor, model, screen, speakers, keyboard, hard drive, motherboard of your own choice.

7 0

3 years ago

Waltham Distribution Company has determined its December 31, 2020, inventory on a LIFO basis at $200,000. Information pertaining

Maru [420]

Answer:

b. $10,000

Explanation:

Estimated selling price - Estimated cost of disposal = Net realisable value ceiling.

NRV Ceiling = $208,000 - $10,000 = $198,000

Net realisable value Floor = Ceiling - normal profit margin

NRV Floor = $198,000 - $6,000 = $192,000

Market value Current replacement cost = $190,000

Market Loss = NRV ceiling - RC

Market loss = $200,000 - $190,000 = $10,000

3 0

2 years ago

For the current year, David has wages of $80,000 and the following property transactions:Stock investment sales— Long-term capit

skad [1K]

Answer:

Option (c) is correct.

Explanation:

Given that,

For the current year,

Wages = $80,000

Long-term capital gain = $9,000

Short-term capital loss = $12,000

Loss on sale of camper (purchased 4 years ago and used for family vacations) = $2,000

David's AGI for the current year:

= Wages - Short-term capital loss + Long-term capital gain

= $80,000 - $12,000 + $9,000

= $77,000

8 0

3 years ago

The price of a good or service must ____.