A company estimates that it spends $1,000 in labor and material costs to produce 2,700 units of product. Calculate the company’s productivity ratio (with appropriate units).
a. 2.7 $/unit
b. 0.37 $/unit
c. 2.7 units/$
d. 0.37 units/$
c. 2.7 units/$
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Smith, Inc. has a pension plan with the following data available for 2018 and 2019: 20182019Service cost$30,000 $34,000 Interest cost$18,000 $20,000 Actual return on plan assets$15,000 $21,600 Beginning of year plan assets$200,000 $240,000 Discount rate 8% 8%Expected return on plan assets 8% 8%If the beginning cumulative net actuarial gains are $30,000, the fair value of the plan assets is $200,000 at the beginning of 2018, and the average remaining service period of active employees is 10 years, the amortization of actuarial gains for 2018 is:
A. $1,000. B. $0. C. $2,000. D. $750.
Showery Drugs is a pharmaceutical company based in Detroit. Showery Drugs expects its employees to work long hours and achieve increased production rates. Employees earn one and a half times the usual hourly rate for working more than 40 hours in one week. Which law is Showery Drugs abiding by in this scenario?
A. product market laws B. laws governing equal employment opportunity C. Fair Labor Standards Act (FLSA) of overtime D. laws governing prevailing wages E. Fair Labor Standards Act (FLSA) of minimum wage
Foreign firms are expanding aggressively into new international markets, and home markets are no longer as rich in opportunity
Indicate whether the statement is true or false
On October 1 . Ryan Company purchased $200,000 face value 12% bonds for 98 plus accrued interest and brokerage fees and classified them as held-to-maturity securities. Interest is paid semiannually on January 1 and July 1 . Brokerage fees for this transaction were $700 . At what amount should this acquisition of bonds be recorded?
a. $196,000 b. $196,700 c. $202,000 d. $202,700