If assets are $130,000 and liabilities are $25,000, owner's equity is
a. $155,000; b. $130,000; c. $105,000; d. $25,000; e. $0
C
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Collaborative processes across the supply chain using a set of processes and technology models are called Collaborative Planning, Forecasting, and Replenishment (CPFR)
Indicate whether the statement is true or false
The Marino Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $950,000 during 2018 and $1,045,000 during 2019. The prior service cost amortization each year was $290,000. The contribution to the pension plan was $1,500,000 on December 31, 2018 and $1,800,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets was 10%. The actual return on plan assets was 9.5%. Retirement benefits pertaining to years of service prior to 2018 were granted to the employees. The prior service cost is being amortized over the remaining ten-year life of the employees. What is the pension expense for the year ended December 31, 2018?
A. $1,380,000 B. $950,000 C. $1,240,000 D. $1,530,000
The Occupational Safety and Health Act imposes on employers a general duty to:
A. provide reasonable leave periods for family-related health issues. B. develop and enforce their own health and safety programs. C. prevent workplace hazards that may cause death or serious injury. D. make the workplace more accommodating to women and families.
Layer Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$160,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$360,000 Annual cash operating expenses$290,000 Working capital requirement$20,000 One-time renovation expense in year 3$20,000 The company's income tax rate is 30% and its after-tax discount rate is 8%. The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income
taxes in year 3 is: A. $61,000 B. $50,000 C. $41,000 D. $47,000