The policy of requiring an employee to alternate jobs periodically is known as forced vacations.
Answer the following statement true (T) or false (F)
False
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The corridor is defined as
A) 1% of the greater of the actual projected benefit obligation or the fair value of the plan assets. B) 5% of the greater of the actual projected benefit obligation or the fair value of the plan assets. C) 10% of the greater of the actual projected benefit obligation or the fair value of the plan assets. D) 15% of the greater of the actual projected benefit obligation or the fair value of the plan assets.
On January 1, a company issues bonds dated January 1 with a par value of $370,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $384,280. The journal entry to record the first interest payment using straight-line amortization is: (Rounded to the nearest dollar.)
A. Debit Bond Interest Expense $21,778; credit Premium on Bonds Payable $1428; credit Cash $20,350. B. Debit Bond Interest Expense $21,778; credit Discount on Bonds Payable $1428; credit Cash $20,350. C. Debit Bond Interest Expense $18,922; debit Discount on Bonds Payable $1428; credit Cash $20,350. D. Debit Bond Interest Expense $18,922; debit Premium on Bonds Payable $1428; credit Cash $20,350. E. Debit Interest Payable $20,350; credit Cash $20,350.
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 56,000 fl. oz. of chemicals were started in production. Of these, 30,000 fl. oz. were completed and 26,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted-average method is used.
At the end of the month, Alchemy calculated equivalent units. The ending inventory in the Mixing Department was 75% complete with respect to conversion costs. With respect to direct materials, what is the number of equivalent units in the ending inventory? A) 19,500 equivalent units B) 30,000 equivalent units C) 56,000 equivalent units D) 26,000 equivalent units
Stealth Software Inc Stealth Software Inc has the following information available from last year for one of its software products: Sales revenue $50,000 Variable costs 15,000 Fixed costs 10,000 Net operating income $25,000 Refer to the Stealth Software Inc information above. If the sales price per unit is $20 and the company expects a 25% increase in sales volume this year along with a 10%
decrease in fixed costs. What will be expected net operating income this year? A) $22,250 B) $53,500 C) $32,750 D) $34,750