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In its 2013 annual report to shareholders, Marianne James Companies Inc. (MJCI) disclosed the following information regarding its post employment benefit plans: The Company and certain of its affiliates sponsor post employment benefit plans covering substantially all salaried and certain hourly employees. The cost of these plans is charged to expense over the working life of the covered employees. Net post employment costs consisted of the following for the years ended December 31, 2013, 2012, and 2011: The company instituted workforce reduction programs in its North American food operations in 2011. These actions resulted in incremental post employment costs, which are shown as other expense above.
Required: Describe the three components in the net post employment costs disclosed by MJCI.
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Compute the net present value and internal rate of return to determine the financial feasibility of this project.
Tonga Industries reported the following: Net Sales $450,000 Cost of goods sold $360,000 Operating expenses $60,000 Tax Rate 40% The net income is:
Sam has a loan that requires a single payment of $4,000 at the end of 3 years. The loan's interest rate is 6%, compounded semiannually. How much did Sam borrow? A) $3,358.40 B) $4,000.00 C) $3,660.40 D) $4,776.40 E) $3,350.00
What is the depreciation for 2007, if Baldwin Corporation uses the asset 9,100 hours and uses the units-of-production method of depreciation?
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