Answer and Explanation:
The computation of the lower of cost or market for ending inventory is given below:
Product Units Cost per Unit Market per Unit Total cost T.market Lower
Helmets 24 $50 $ 54 $1,200 $1,296 $1,200
Bats 17 78 72 $1,326 $1,244 $1,244
Shoes 38 95 91 $3,610 $3,458 $3,458
Uniforms 42 36 36 $1,512 $1,512 $1,512
Answer:
The appropriate stock price is $103.97
Explanation:
Given Dividends $1 075 000 Retained Earnings $3 225 000, Shares 715 000
PE ratio 17.3, SP ?
The PE ratio is a measure of stock price relative to earnings
PE = SP/EPS
So we need to calculate earnings per share in order to get stock price
EPS = Earnings /number of shares
Retained earnings = Net Income - dividends so to get net income we add dividends to retained earnings (Earnings and net income are the same thing)
=$4 300 000
EPS = 4300000/715000
=$6.01
plug in the values in PE ratio formula
17.3 = SP/ 6.01
SP = 17.3*6.01
SP = $103.97
Answer:
The Journal entries are as follows:
1.
Service Cost A/c Dr. $22
Interest cost A/c Dr. $15
To Expected return- Plan Assets $9
To Pension expense $28
(To record the pension expense for 2018)
Workings:
Expected return- Plan Assets = 12% of plan assets
= 0.12 × $75
= $9
2.
(i) Pension Expense A/c Dr. $28
Plan Assets (expected return on plan assets) A/c Dr. $9
To PBO (22 service cost + 15 interest cost) $37
(To record pension expense)
(ii) Plan assets A/c Dr. $22
To cash $22
(To record the funding)
(iii) PBO A/c Dr. $8
To plan assets $8
(To record PBO or plan assets)
The answer is reserve ratio.
The Federal Reserve in the United States sets the minimum amount of cash that each bank must hold, known as the reserve ratio.
In the past, the reserve rate of bank deposits has varied between 0% and 10%.
The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves.
The bank must store this actual paper money in a vault on the property or in an account with the national bank.
The purpose of the cash reserve regulations is to make sure that every bank has enough cash on hand to handle any significant and unforeseen demand for withdrawals.
Hence, The term reserve ratio describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds.
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Answer:
d. a palter
Explanation:
Based on the scenario being described within the question it can be said that Kant would call this misleading statement a palter. This term refers to a statement that has been made ambiguous in order to hide the truth from someone or in order to avoid committing yourself to something. Which in this scenario "You" are trying to hide the fact that Bill is playing "hooky" from your boss.