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The financial statements of AB, a listed company, disclose the following information on the Chairman's pension entitlements:(a) for the year ended 31 December 20X0 the pension fund is sufficient to pay the director a pension of £200,000 a year from his retirement date of 1 January 20X4;
(b) for the year ended 31 December 20X1 the pension fund is sufficient to pay the director a pension of £250,000 a year from his retirement date of 1 January 20X4. It is expected that the pension fund will pay the director's pension for 12 years, and the expected return on investments is 8% per annum.
Required:Calculate the cost of the director's pension entitlements for the year ended 31 December 20X1.Note: The value of an annuity for 11 years at 8% is 7.139. The present value of £1 at 8% for two years is 0.85734; for three years, 0.79383
Part (a) Who are the stakeholders in this decision? Part (b) Is it ethical for Judy to revise the costs as indicated? Briefly explain. Part (c) What should Judy do?
at the beginning of 2013 pitman co. purchased an asset for 900000 with an estimated useful life of 5 years and an
Compute the company's cost of goods sold for fiscal 2012 assuming the company used a) FIFO and b) LIFO methods of accounting for inventory:
Prepare journal entries necessary for Crane during 2007 and 2008 to account for the transactions described above.
The cost to prepare bottom-up estimates will typically run how much more than the costs to prepare the top-down estimates?
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Brick Company's direct labor is 30% of it's conversion cost. If the direct materials cost last week was $52,500 and the manufacturing overhead cost was $21,000, compute the cost of direct labor for the week.
in a year that leonard had agi of 100000 he donated 250000 worth of stock to indiana university where he earned his
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Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Analyze why each factor is important and the risks of not considering each factor.
Compare the physical units of production Compute equivalent units of production for materials and for conversion costs.
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