The partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products.
The actuary's discount rate is 5%, and the expected rate of return on assets was 8%.
In the spreadsheet, the following entries need to be completed: present value of accrued liabilities, funded status, contribution amount, value of assets, amortization of prior service cost and amortization of net gains or losses.
Present value of accrued liabilities = Present value of benefits earned but not yet paid to employees.
This can be calculated using the actuary's discount rate of 5%, and the average remaining service life of the active employee group of 20 years.
Funded status = Difference between the present value of liabilities and the value of assets.
This can be calculated by subtracting the present value of liabilities from the value of assets.
Contribution amount = Amount required to cover the difference between the present value of liabilities and the value of assets.
This can be calculated by subtracting the value of assets from the present value of liabilities.
Value of assets = Market value of assets available to meet current and future liabilities.
This can be calculated using the expected rate of return on assets of 8%, and the average remaining service life of the active employee group of 20 years.
Amortization of prior service cost = Amount of prior service cost that is amortized each year over the average remaining service life of the active employee group.
This can be calculated by dividing the prior service cost of $120,000 by the average remaining service life of the active employee group of 20 years.
Amortization of net gains or losses = Amount of net gains or losses that is amortized each year over the average remaining service life of the active employee group.
This can be calculated by dividing the net gains or losses by the average remaining service life of the active employee group of 20 years.
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Which of the following is correct definition of management Mcq?
A. Management is an art or technique of getting things done
B. Management is a process of planning, organizing,staffing, directing and controlling.
C. Management is set of activities directed and effective utilization of resources in the pursuit of one or more goals
D. All of the above
B. Management is a process of planning, organizing,staffing, directing and controlling is the following is correct definition of management Mcq.
To accomplish a goal, tasks are coordinated and managed through management. These administrative tasks involve determining the organization's strategy and coordinating the staff's efforts to achieve these goals by utilizing the resources at hand.The act of dealing with or exercising control over people or things is referred to as management. This definition includes planning, staffing, and controlling. Cooperating, therefore, is not a management activity in and of itself.It is regarded as a science since it has a systematic body of information that includes certain universal truths. Because managing calls for specific abilities that are unique to managers, it is referred to as an art. Science imparts knowledge, whereas art deals with the use of acquired knowledge and skills.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
A firm's marginal cost has a minimum value of $80, its average variable cost has a minimum value of $90, and its average total cost has a minimum value of $100. Then the firm will shut down in the short run once the price of its product falls below
a. $100.
b. $90.
c. $80.
d. $40.
Answer:
b. $90.
Explanation:
The shutdown rule elaborates that "in the short run a firm should continue to operate if price exceeds average variable costs"
Thus in this case, the firm will shut down in the short run once the price of its product falls below $90
what term is used to describe the outsourcing of logistics?
Answer:
Third-party Logistics is the term used to describe outsourcing of logistics.
Explanation:
Isaiah has the opportunity to participate in a work-study program at college. If he participates, how might this benefit him?
He can earn college credit for each hour that he works.
He will get the chance to meet with experts who work in his chosen career field.
He will have the ability to study while at his job on campus.
He will work a part-time job on campus to help pay for his tuition.
Answer :He can earn college credit for each hour that he works.
Explanation:
It would help him because he wouldn't have to pay for the credits
(1) Accounting and financial reporting standards for state and local governments are set by ___________. (2) What are the three fund types (categories) used by state and local governments? (3) The ________ fund is a Governmental fund that accounts for most of the basic services by the government. (4) These are a type of Governmental Fund that is used to report resources that are legally restricted so that only earnings, not principal, may be used to support the government’s programs. (5) This type of fund is used when resources are provided mainly through business-like transactions to parties external to the government. (6) Governmental Funds use which basis of accounting? (7) Government-wide Financial Statements have two basic financial statements. They are the Statement of Net Assets and the ___________. (8) What "Measurement Focus" do the government-wide financial statements use? (9) ______ are taxes and other assessments levied without an underlying external exchange. (10) There are three categories of Funds that contain ____ fund types.
Accounting and financial reporting standards for state and local governments are set by the Governmental Accounting Standards Board (GASB).
(2) The three fund types (categories) used by state and local governments are Governmental Funds, Proprietary Funds, and Fiduciary Funds.
(3) The General Fund is a Governmental fund that accounts for most of the basic services provided by the government.
(4) These are a type of Governmental Fund that is used to report resources that are legally restricted so that only earnings, not principal, may be used to support the government's programs. These funds are called Permanent Funds.
(5) This type of fund is used when resources are provided mainly through business-like transactions to parties external to the government. These funds are called Proprietary Funds.
(6) Governmental Funds use the modified accrual basis of accounting.
(7) Government-wide Financial Statements have two basic financial statements. They are the Statement of Net Assets and the Statement of Activities.
(8) The government-wide financial statements use the Economic Resources Measurement Focus.
(9) Taxes and other assessments levied without an underlying external exchange are called Non-exchange Revenues.
(10) There are three categories of Funds that contain Governmental fund types.
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Tiny Toons was established on January 1, 2022 - capitalized though the issuance of common shares for
$85,000. Tiny Toons produces miniature, plastic cartoon characters
Their 2022 estimated sales are 50,000 units at $120 per unit. Tiny Toons desires an ending inventory of
5,000 units and there is no beginning inventory. 30% of sales are cash and 70% are credit card. The
credit card charges a 3% service charge, with 80% of the credit card sales are collected in the current
period and 20% in the following period
90% of the raw material purchases are paid for during the period of purchase, 10% paid in the following
period. Materials cost $100 per unit and Tiny Toons desires an ending inventory for raw materials of 25
units.
Direct Labour Costs are paid in the period incurred and are $20 per hour and it takes 1 and ½ hours to
produce one unit. Manufacturing overhead is allocated based on direct labour hours at $30 per hour.
Manufacturing equipment cost $35,000, salvage value $5,000, 5 year useful life
All overhead costs (excluding depreciation) are paid in the period incurred as follows: Salary expense
$150,000, Sales Commissions $175,000, Sales Supplies $25,000, Rent $75,000 and miscellaneous
expenses of $5,000.
They require a cash balance of $601,100 and to maintain this cash balance, a line of credit is available for
3% per annum. Note: All borrowings and repayments occur on the first day of the period
REQUIRED:
1. Prepare a Sales Budget (3 marks)
2. Prepare a Production Budget (5 marks)
3. Prepare a Raw Materials Budget (10 marks)
4. Prepare a Direct Manufacturing Labour Budget (5 marks)
5. Prepare a Manufacturing Overhead Budget (3 marks)
6. Prepare a Cost of Goods Manufactured Budget and a unit cost (7 marks)
7. Prepared a Selling, General and Administrative Expenses Budget (6 marks)
8. Prepare a Proforma Income Statement (7 marks)
9. Prepare a Cash Receipts Schedule (4 marks)
10. Prepare a Credit Cards Proforma Data Schedule (3 marks)
11. Prepare a Cash Payments Budget (4 marks)
12. Prepare proforma data for accounts payable, raw material inventory and accumulated
deprecation, Finished Goods Inventory December 31, 2022 and Cost of Goods Sold (5 marks)
13. Prepare a Cash Budget (21 marks)
14. Prepare a Proforma Balance Sheet (17 marks)
The provided task requires the preparation of various budgets and financial statements for Tiny Toons' operations.
The task involves the preparation of several budgets and financial statements for Tiny Toons, a producer of miniature, plastic cartoon characters. The required budgets include a Sales Budget, Production Budget, Raw Materials Budget, Direct Manufacturing Labour Budget, Manufacturing Overhead Budget, Cost of Goods Manufactured Budget, Selling, General and Administrative Expenses Budget, and Cash Receipts Schedule.
Additionally, proforma data for accounts payable, raw material inventory, accumulated depreciation, Finished Goods Inventory as of December 31, 2022, and Cost of Goods Sold need to be prepared. Furthermore, a Cash Payments Budget, Cash Budget, Proforma Income Statement, and Proforma Balance Sheet are required.
The completion of these tasks will provide a comprehensive understanding of Tiny Toons' financial operations, including sales, production, costs, cash flows, and financial position.
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.Government may hold down the price of apartment because of ?
The government may hold down the price of apartments due to various reasons, including Housing affordability, Social welfare, Market regulation etc.
Housing affordability: Governments may intervene in the housing market to ensure that housing remains affordable for a wide range of citizens. By implementing price controls or subsidies, they can prevent excessive rent increases and make housing more accessible for low-income individuals or families.Social welfare: Governments may prioritize social welfare and aim to provide housing as a basic need for their citizens. By controlling apartment prices, they can ensure that a sufficient supply of affordable housing is available, particularly for vulnerable populations or those in need of housing assistance.Market regulation: In some cases, governments may intervene to prevent market failures or correct imbalances in the housing market. They may restrict price increases to prevent speculative bubbles or address issues of housing shortages and excessive demand that lead to skyrocketing prices.Tenant protection: Governments may enact rent control policies to protect tenants from unjustifiable rent hikes and ensure stability in rental markets. These measures can provide security to tenants and prevent them from being priced out of their homes.It's important to note that the effectiveness and consequences of government intervention in controlling apartment prices can vary and may have unintended consequences such as reduced investment in housing or supply shortages in the long term.
The specific motivations and approaches to holding down apartment prices can vary across different countries and regions, depending on their unique socioeconomic circumstances and policy objectives.
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catherine jones has determined the following information about her own financial situation. her checking account is worth $850 and her savings account is worth $1,200. she owns her own home that has a market value of $98,000. she has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300. she has a car worth $12,500. she has recently purchased a mutual fund worth $4,500 and she has a retirement account worth $62,300. what is the value of her investment assets? a. $98,000 b. $2,050 c. $66,800 d. $27,800 e. $171,900
The value of her investments assets $171,900
What is investment asset?
Securities created to produce profits are known as investment assets in the financial markets. They are organized into groups known as asset classes, which can be further broken down into stocks, bonds, commodities, and currencies.
By mixing various investment assets in one portfolio, or a combination of investments held, an investor is reducing risk exposure because each asset class has a tendency to respond differently to the same piece of economic news.
Investment assets can be divided into groups based on specific features in addition to being grouped by general financial components. Examples of this would include equities that trade in related industries, such the energy sector.
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Write your opinions on the quote "If you're not paying for the product, you are the product."
Answer:
not sure
Explanation:
i personally understand it or dont think it makes sense unless there is a situation were it could fit in
Answer:
Means paying for more customers means customers are the product..
Functions of Money Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He opened a college savings account. This is an example of a
Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
how long does it take for tax refund to show in bank account after approved
Answer:
Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.
Explanation:
Tracking of intervention results and adjustment of intervention efforts should be part of retention evaluation and follow-up.TrueFalse
True. Tracking of intervention results and adjusting intervention efforts should be an integral part of retention evaluation and follow-up.
The process of tracking results and making adjustments is critical to ensure that the intervention is effective in achieving its intended outcomes. This process allows organizations to identify and address any issues that may arise during the intervention period, leading to a better overall retention strategy. Without proper tracking and adjustment, it can be difficult to know whether an intervention is achieving its goals or not. Therefore, it is important to continuously evaluate and adjust interventions to ensure that they are effective in retaining employees.
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A company purchases a piece of machinery. This machinery is now the
company's
A. capital
B. liability
C. asset
D. equity
Answer:
my answer is C...the asset
the combination of frictional and structural unemployment (ignore seasonal) and with the assumption of 0% cyclical unemployment is:
When considering 0% cyclical unemployment, the combination of frictional and structural unemployment would give rise to what is known as the natural rate of unemployment.
Frictional unemployment is a type of unemployment that occurs when workers leave their current jobs to search for new ones.
Structural unemployment, on the other hand, arises when the skills required for available jobs do not match the skill set of the available labor force.
A combination of these two types of unemployment can occur when the number of job seekers exceeds the number of jobs available.
The assumption of 0% cyclical unemployment suggests that there is no unemployment resulting from economic fluctuations.
This means that the economy is operating at full capacity, and there is no excess supply of labor.
In this case, the combination of frictional and structural unemployment would result in a total unemployment rate equal to the sum of the two.
This would be the natural rate of unemployment, which is the rate at which the economy operates at full capacity with stable prices and wages.
The natural rate of unemployment is not zero because there will always be some level of frictional and structural unemployment.
Frictional unemployment occurs as workers search for jobs that match their skills and preferences, while structural unemployment occurs due to changes in the economy that create a mismatch between the available labor force and the skills required for available jobs.
In conclusion, the combination of frictional and structural unemployment, assuming 0% cyclical unemployment, would result in the natural rate of unemployment.
This rate represents the level of unemployment that is consistent with a stable economy operating at full capacity.
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Select the correct answer.
Shazia writes a novel about the lives of nomads who lived in the 1800s. She later finds out that a big production house has launched a movie based on a theme that Shazias’ book covers, including a few exact details. The production house didn’t check with Shazia for her consent. Which IPR right has the production house violated?
A.
trademark
B.
copyright
C.
patent
D.
trade secret
E.
goodwill
what is being delivered during a policy delivery
The “insurance contract for prospective insured persons” will be issued when the insurance policy is delivered.
Delivery of an insurance policy is the process by which an insurance company delivers the final insurance policy to the person or entity issuing the policy (known as the proposed insured). This marks the official start of insurance coverage and is an important step for the insurance business.
The insurance contract contains all the terms and conditions of the insurance contract. It contains specific insurance coverages, limitations, exclusions and obligations of both the insurer and the insured. The contract sets forth the rights and obligations of each party, the amount of the premium, the term of the contract, additional provisions or additional services.
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Why is it important to demonstrate a positive work attitude in the workplace?
O to be seen as trustworthy and reliable
O to be seen as coachable and flexible
O to be seen as willing to delegate tasks
O to be seen as easily persuadable
Answer:
the first one
Explanation:
if you aren't trustworthy you might not get as many opportunities in your workplace
Which descriptions offer examples of Marketing Information Management and Research workers? Check all that apply.
a-Amelia gathers and analyzes information about a company's competitors and target market to determine its
market strategy.
b-Donna meets with people in person and on the phone to ask them survey questions.
c-Nick arranges products in a store for customers to see.
d-Otis calls customers on the phone to sell them products.
e-Sung writes survey questions and analyzes the information gathered from them.
f-Ginger schedules product shipments and organizes the workers and activities in a warehouse.
Answer:
A,B, and E
Explanation:
Got right on edge
Descriptions that offer examples of Marketing Information Management and Research workers are Amelia gathers and analyzes information about a company's competitors and target market to determine its market strategy, Donna meets with people in person and on the phone to ask them to survey questions, Sung writes survey questions and analyzes the information gathered from them. Option (A) (B) and (E) are correct.
What do you mean by Marketing?The activity, set of institutions, and processes for making, communicating, delivering, and changing offerings that have value for customers, clients, partners, and society at large are referred to as marketing.
A target market is a group of people that have been determined as the most likely possible customers for merchandise because of their shared characteristics such as age, income, and lifestyle.
Therefore, Options (A) (B), and (E) are correct.
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in order to maximize profits, when the price of tomatoes is $550, the tuckers will produce tons of tomatoes and make a of $ . in order to maximize profits, when the price of tomatoes is $500 the tuckers will produce tons of tomatoes and make a of $ . assuming they choose produce, when the price of tomatoes is $450 the tuckers will produce tons of tomatoes and make a of $ . true or false: when the price of tomatoes is $450 per ton, the tuckers would prefer to shutdown rather than produce in the short run. true false
In order to maximize profits, when the price of Consumer tomatoes is $550, the tuckers will produce tons of tomatoes and make a of the tuckers would prefer to shutdown rather than produce in the short run. This statement is True.
Consumer surplus would rise as a consequence of a decrease in the price at which they purchase tomatoes, while producer surplus would fall as a result of a decrease in tomato prices due to increased global commerce.
Consumer surplus is the discrepancy between a consumer's willingness to pay and the cost of the good.When the US started engaging in international trade, it would import tomatoes because it is inefficient at producing them and because the price of tomatoes in the US is higher than the price of tomatoes worldwide. The price of a good and the lowest price the seller is willing to sell it for is known as the producer surplus.
Complete question:
in order to maximize profits, when the price of tomatoes is $550, the tuckers will produce tons of tomatoes and make a of $ . in order to maximize profits, when the price of tomatoes is $500 the tuckers will produce tons of tomatoes and make a of $ . assuming they choose produce, when the price of tomatoes is $450 the tuckers will produce tons of tomatoes and make a of $ . true or false: when the price of tomatoes is $450 per ton, the tuckers would prefer to shutdown rather than produce in the short run. The correct answer is true or false?
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The numbers on which of these credit cards always start with the highest digit? visa mastercard discover american express.
Discover cards are credit cards whose numbers always begin with the highest digit.
What is Discover Cards?
Discover Financial, an American provider of financial services, is the corporation that issues the Discover brand of credit cards (DFS).Discover cards were first offered by retailer Sears, Roebuck & Co. in 1985. When they were first introduced to the public in 1986, they stood out for their lower fees and innovative cash-back rewards programme. Since 2007, Discover has operated independently.Today, Discover Cards rank with Visa (V), Mastercard (MA), and American Express as some of the most extensively used credit cards worldwide (AXP). The Discover brand of consumer credit cards is well-known for its fee reductions and cash-back rewards programme.Without using intermediary bank issuers, Discover Financial offers credit cards directly to its consumers, making a profit from the interest on their outstanding amounts.To know more about Discover Cards visit:
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what type of language is used in this sentences? Dont answer english just to get the points .
To connect friends and family around the world .
The Very Best For Less
To accelerate the world’s transition to sustainable energy.
Eddie's attitude toward work is that each worker should consistently put forth his or her best effort to do the job well. How might Eddie best convey this attitude when applying for a job?
a. Discussing all of his core values in depth during the interview
b.
Customizing his résumé to highlight skills relevant to the position
c.
Sending his standard résumé and cover letter promptly
d. Avoiding too much preparation for the interview so his responses sound natural
Eddie's attitude is that workers should always do their job to the best of their ability. To convey this, Eddie should customize his résumé with relevant skills to the position.
When applying for a job, it is important to show your potential employer that you are the best candidate for the position. Eddie's attitude towards work is that each worker should put forth their best effort to do the job well. Therefore, he should demonstrate this attitude when applying for a job by showing his potential employer that he is the best candidate for the position and that he will consistently put forth his best effort to do the job well.To convey his attitude, Eddie should customize his résumé with relevant skills to the position. This will demonstrate to his potential employer that he is a good fit for the position and that he has the skills necessary to do the job well. By customizing his résumé, he can highlight his strengths and show how they relate to the position he is applying for. This will make him stand out from other candidates who may not have customized their résumé.To sum up, Eddie's attitude towards work is that each worker should consistently put forth his or her best effort to do the job well. To convey this attitude when applying for a job, Eddie should customize his résumé to highlight skills relevant to the position. This will demonstrate to his potential employer that he is a good fit for the position and that he has the skills necessary to do the job well.
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When a computer is frozen and cannot properly be shut down, manually hold down the manual power button until the computer restarts. true or false
Answer:true
Explanation:
For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review
URGENT When is the unadjusted trial balance completed?
A. After a first set of adjusting entries have been made
B. As a final step in the accounting cycle
C. After all adjusting entries have been made
D. Before any necessary adjusting entries have been made
What is The movement of the economy from
one condition to another ohd bach again?
Answer:
Business Cycles is the right answer
Explanation:
A project management firm that promises to do everything for a major project and hand over a fully functional, ready-to-use deliverable is performing under a(n):____.
A) Umbrella contract.
B) All-inclusive contract.
C) Cost-plus contract.
D) Turnkey contract.
The turn key management is the project firm that promises to do everything for a major project.
What is the turnkey contract.This is the type of project management that would have a company taking the full responsibility of carrying out the project.
In such a project, the company has to make sure that the client is able to use the facility without doing further work to it.
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what is the definition of inventory stock
Answer:
they are goods and materials that a business holds for the ultimate goal of resale or repair
Which party is the most interested in a secured transaction?
Answer:
mark me as brainliest and give me 5 star
Explanation:
Generally, a secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default. The terms of the relationship are governed by a contract or security agreement. A common example would be a consumer who purchases a car on credit. If the consumer fails to make the payments on time, the lender will take the car and resell it, applying the proceeds of the sale toward the loan. Mortgages and deeds of trust are other examples. In the United States, secured transactions in personal property are governed by Article 9 of the Uniform Commercial Code.
Answer:
Bank
Explanation:
just did it