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2 years ago

On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.

Business

1 answer:

Brilliant_brown [7]2 years ago

6 0

Answer and Explanation:

a. The pension worksheet for the pension plan for the year 2014 and 2015 is presented on the excel spreadsheet

b. According to the scenario, The journal entry is

Journal Entry:-

Pension expenses A/c Dr. $450,640

Other comprehensive income (gain/loss) A/c Dr. $99,360

Other comprehensive income (prior service cost) A/c Dr. $410,000

To pension assets & liabilities A/c $675,000

To Cash A/c $285,000

(Being the pension expense is recorded)

For recording this we debited the pension expense, other income, gain or loss as it increased the expenses reduced the income and credited the cash and assets and liabilities because it reduced the cash and recognize the pension assets and liabilities

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A personal characteristic that fosters organizational politics is a) the desire to help. b) need for power. c) drive to be a vis

DanielleElmas [232]

Answer: b) need for power.

Explanation:

Organizational politics are activities that people engage in to be able to further their personal interests even if these interests are not always in the best interest of the company itself.

To be able to further their interests, they need power and influence which means that the personal characteristic that fosters organizational politics is the need to have power.

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2 years ago

You are planning a special wedding three years from today. You don't know who your spouse will be but you do know that you are s

Novay_Z [31]

Answer:

Total amount collected = $94,400

Explanation:

Given:

1st investment = $25,000

2nd Investment = $35,000

3rd investment = $45,000

Computation of total amount:

$Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1+r)^1} +\frac{45,000}{(1+r)^3} \\\\Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1+0.07)^1} +\frac{45,000}{(1+0.07)^3} \\\\Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1.07)^1} +\frac{45,000}{(1.07)^3} \\\\Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1.07)} +\frac{45,000}{(1.2250)} \\\\Total\ amount = 25,000 +32,710.28 +36,734.6939 \\\\Total\ amount = 94,444 \\\\$

Total amount collected = $94,400

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2 years ago

A disadvantage of corporations is that shareholders have to pay on profits.

olga_2 [115]

Answer:

taxes

Explanation:

just took the test

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2 years ago

__________ indicate such things as when to touch and where, when to smile and when to frown, and whether loud talking and expa

svet-max [94.6K]

Display rules indicate such things as when to touch and where, when to smile and when to frown, and whether loud talking and expansive gestures or quietness and controlled movements should be used. All cultures have these and they typically vary even just slightly from one another. These are instilled in us from the beginning and let us know what behavior is acceptable and when. Cultural differences allow people to work together and bounce ideas off of one another, but they most also know how to appropriately interact with different cultures.

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2 years ago

At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. O

soldi70 [24.7K]

Answer and Explanation:

For materials

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300

= 132,000 units

Cost of materials = Beginning WIP + Cost of materials added

= 22,300 + 370,000

= $392,300

Cost of material per units = 392,300 ÷ 132,000

= $2.97197

For conversions

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300 × 30%

= 117,790 units

Cost of Conversion = Beginning WIP + Cost of conversion added

= 19,700 + 280,000

= $299,700

Cost of conversion per units = 299,700 ÷ 117,790

= $2.54436

Total cost of units completed and transferred out

= 111,700 × (2.97197 + 2.54436)

= $616,174

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2 years ago