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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?
What is the current value of the operating cash outflows for the old machine?
What information can the company gleam from this approach which is helpful as a tool in the decision making process. Explain situations in which break-even analysis can be a useful tool. Provide a specific example.
Standard hours allowed for the work done is 20,400 hours. The predetermined overhead rate is $7 per direct labor hour. Compute the total overhead variance.
the options are not exercisable unless divisional revenue increases by 6% in three years. Red initially estimates that it is probable the goal will be achieved. Ignoring taxes, what is reduction in earnings in 2011?
Calculation of depreciation under SLM - Determine the depreciation expense for the crane in 2009?
Essential business deductions in each of the subsequent situations.
Analyze the GAAP and IFRS methods to account for interim acquisitions of subsidiary stock at the end of the first year to determine which is most applicable in the greatest number of situations. Explain your rationale.
This merchandise was omitted from the year-end physical count. How will these errors affect inventory at year-end and cost of goods sold for the year?
What will be the net book value of the machine at the end of its 8 th yr of use before it is disposed of, under each depreciation method?
When inventory declines in value below original cost, and this decline is considered other than temporary, what is the maximum amount that the inventory can be valued at?
The equipment had a cost of $224,000 and accumulated depreciation of $44,800 as of October 17. Explain how do you journalize this?
Journal entries for Purchased on account Merchandise Inventory to be held for resale
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