Under current GAAP, volatility in asset returns translates directly into net income volatility because the actual return on plan assets reduces pension expense.
Answer the following statement true (T) or false (F)
False
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Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.The amount shown for "Employee salaries and wages" in the planning budget for November would have been closest to:
A. $88,800 B. $94,000 C. $93,400 D. $81,348
Excursion Corp increased its dollar amount of working capital over the past several years. To further evaluate the company's short-run liquidity, which one of the following measures should be used?
a. The current ratio b. An analysis of the company's longterm debt c. An analysis of the return on stockholders' equity d. An analysis of retained earnings
Anique presents an identification card at the supermarket checkout and has a microcomputer attached to her TV. Information from both of these is sent to a research facility. Anique is providing
A. family behavior recording. B. individual consumer jury. C. single-source data. D. advertisement exposure data. E. detailed market research.
A(n) _____ is the first time a company issues stock that may be bought by the general public.
A. alternative public offering B. reverse public offering C. initial public offering D. direct public offering