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son4ous [18]
2 years ago
3

The pension plan for gl inc. requires a contribution to the plan administrator equal to 11% of employee salaries. salaries were

$575,600 for the period. the journal entry to record the pension benefit would include
Business
1 answer:
Softa [21]2 years ago
8 0
The journal entry that the pension benefit would include credit to cash for $63,316. We get the $63,316 by multiplying the 11% of employee salary to $575,600 salaries for the period. So the journal entry would include in the pension benefit is credit to cash for $63,316.<span>
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Last year, you purchased 400 shares of Analog stock for $12.92 a share. You have received a total of $136 in dividends and $4,30
Alenkasestr [34]

Answer:

-$16.78%

Explanation:

Given that

Proceeds from selling the shares = $4,301

Beginning price = $12.92

The computation of capital gains yield is shown below:-

End price per share

= $4,301 ÷ 400

= $10.7525 per share

Capital gains yield = (End price - Beginning price) ÷ Beginning price

= ($10.7525 - $12.92) ÷ $12.92

= -$2.1675 ÷ $12.92

= -$16.78%

4 0
2 years ago
Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net ne
VladimirAG [237]

Answer:

$1,269.46

Explanation:

Earnings Before Interest and Tax (EBIT) refers to the net income which is a difference between the revenue of an organisation and the expenses that were incurred in order to generate that revenue. The calculation of the EBIT is usually for a particular year and it is usually found in the Income Statement part of an organisation's financial statement.

To calculate the EBIT therefore, the Tax as well as interest must be added back to the Net Income after tax (usually added to retained earnings)

Therefore, Net Income = Dividends paid + Net Income (added to retained earnings)

= $75 + $418 = $493 - This represents a partial net income

The next step is to calculate the taxable income as follows:

The net income is $493, and the Tax rate is 35%

Taxable Income = $493/ (1-0.35) = $758.46

Earnings before interest and tax therefore =

Interest paid + Taxable Income

= $511 + $758.46 = $1,269.46

7 0
2 years ago
What is the correct strategy that Alejandra must use to deliver a negative message?
Serga [27]

Answer:

Apologize and come up with a new plan. Of course, you need to apologize, if you don't then that becomes a problem. (especially if they are a Karen.) After apologizing start to explain what you are going to do about it. For Example  Refunds, Store Credit, Replacement, Etc. To start off. Then fix the problem. Also, tell them that you are going to do so and so to fix it. Like creating anew toy or whatnot.  Hope this helps!  

6 0
2 years ago
Paxton Co. signed contracts for the purchase of raw materials to be executed the following year at a firm price of $5 million. T
arlik [135]

Answer:

Accrued Loss on Purchase Commitments $2,000,000

Explanation:

December 31, (recognition of loss on purchase commitments)

  • Dr Loss on Purchase Commitments account 2,000,000
  • Cr Accrued Loss on Purchase Commitments account 2,000,000

Since the price of raw materials lowered by 2,000,000, the company lost money on its purchase commitments:

Purchase commitments loss = contracted price - market value = $5,000,000 - $3,000,000 = $2,000,000

The loss on purchase commitments is an expense, and accrued loss on purchase commitments is a liability.

6 0
2 years ago
Kristian Thalen has just joined the corporate treasury group at Electrolux of Sweden, a multinational Swedish appliance maker. E
WITCHER [35]

Answer:

See explaination

Explanation:

cost of debt, after-tax = (4.3% + 1.2%)*(1 - 26%) = 4.07%

cost of equity = 4.3% + 1.3*4% = 9.5%

market capitalization = 286130000 * 182 = 52075660000

total value of equity outstanding = market capitalization = 52075660000

Debt portion = 11532000000 / (11532000000 + 52075660000) = 0.18

Equity portion = 1 - 0.18 = 0.82

weighted average cost of capital = 0.18*4.07% + 0.82*9.5% = 8.52%

7 0
2 years ago
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