On March 1, Bartholomew Company purchased a new stamping machine with a list price of $85,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $2800; sales tax paid, $6120; installation costs, $1750; routine maintenance during the first month of operation, $2700. What is the cost of the machine?
A. $94,120
B. $91,420
C. $80,750
D. $89,670
Answer: B
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John Company adopted a defined benefit pension plan on January 1, 2015, and prior service credit was granted to employees. The present value of that prior service obligation as of January 1, 2015 was $1,400,000 and is being amortized by the straight-line method over the remaining 20-year service life of the company's active employees. Additional information relating to the company's pension plan for 2015 is presented below: Annual service cost$132,000 Contribution to the plan (December 31, 2015)390,000 Interest cost10% Expected (and actual) return on plan assets12% ? What amount should be recorded in Prepaid/Accrued Pension Cost when recording the 2015 pension expense and funding at December 31, 2015?
A. $1,200 B. $48,000 C. $87,000 D. $94,800
In a short essay, define reliability, and list and discuss the three popular approaches for assessing reliability
What will be an ideal response?
Faxed incidents and service requests are typically logged the same way as telephone calls.
Answer the following statement true (T) or false (F)
A vertical retail audit _____
a. is one in which a retailer's employees are not aware that the audit is taking place b. involves an analysis of the overall performance of the retailer c. is also called a "retail strategy audit" d. involves an in-depth analysis of a retailer's performance in one area of its strategy mix or operations