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A city government estimates that they must accrue $1.5 million per employee to finance each employee's retirement pension. If each employee works for an average of 30 years, how much per employee would the city have to invest today? Assume a discount rate of 10%. Then, calculate the amount needed per employee if the discount rate is not 10%, but 6%. If the workforce numbers 3,000, what is the total difference in cost between these two assumptions?
Each month, Haddon Company has $275,000 total manufacturing costs (20% fixed) and $125,000 distribution and marketing costs (36% fixed). Haddon's monthly sales are $500,000.
Every day we all have decisions to make that depend on us doing the right or wrong thing. It's not always easy to do the right thing. Assume that you accept the following ethical rule
Explain how the budget constraint of househould in two-period model is affected by each of the following changes. In each case, do you think the household is better off or worst off or is the answer ambiguous?
A copier company has been using same Copier A for 5 years. This copier can copy approximately 50 sheets a minute. The company has opportunity to purchase the new Copier B which can process approximately 60 sheets a minute.
What percentage of gross domestic product does spending for federal programs represent? What percentage does state and local government spending represent?
The management of Giammarino Corporation is considering introducing a new product--a compact barbecue. At a selling price of $78 per unit, management projects sales of 10,000 units. Launching the barbecue as a new product would require an investme..
Overhead is applied on the basis of direct labor hours. Coen's total overhead variance and evaluate the ToolTime's total variance
Generally forecasting and planning is considered the preview of the financial accountant or the forecasting and planning department.
Jessep Corporation has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor hours. The company has provided the following data concerning its fixed manufacturing overhead costs in March..
Describe the components of cost-volume-profit analysis. Employ cost-volume-profit analysis and break-even analysis to make business decisions.
Compute the equivalent units for direct materials and conversion costs for December. Compute the unit costs for direct materials and conversion costs. Compute the cost of units completed for December.
Management accounting formats are identical for all companies
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