What amount was reported as current service cost by Cagayan Company ?400 000700 000950 000200 000 Cagayan Company provided the following information for the current year:January 1 Projected benefit obligation 3,500,000During the year Pension benefits paid to retired employees 250,000Past service cost 500,000Actuarial loss 200,000December 31 Projected benefit obligation – 10% discount rate 5,000,000

Projected Benefit obligation is just like the retirement plan. It is the pension scheme. Any…

Answered: What amount was reported as current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The comparative statements of Waterway Company are presented here. Waterway CompanyIncome StatementsFor the Years Ended December 3120222021Net sales$1,813,300 $1,753,100 Cost of goods sold1,008,900 983,000 Gross profit804,400 770,100 Selling and administrative expenses516,800 477,800 Income from operations287,600 292,300 Other expenses and losses Interest expense18,900 14,800 Income before income taxes268,700 277,500 Income tax expense78,224 77,700 Net income$ 190,476 $ 199,800 Waterway CompanyBalance SheetsDecember 31Assets20222021Current assets Cash$60,200 $64,500 Debt investments (short-term)70,600 49,200 Accounts receivable (net)117,800 102,700 Inventory123,600 114,700 Total current assets372,200 331,100 Plant assets (net)602,200 517,900 Total…
Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 000 Calculate the break‐even point for 2019 and 2020. The current ratio reflects the relationship between the value of the current assets and the extent of the current liabilities of a business
PLZZ EXPLAIN
EB9. LO 2.3 The cost data for BC Billing Solutions for the year 2020 is as follows: Invoices Overtime Month Processed Wages $7,760 6,800 6,000 6,100 6,200 7,300 7,400 6,900 6,500 6,600 6,800 7,450 January February March April May June July August September October 12,000 8,000 1,000 7,000 5,000 10,000 11,000 9,000 5,000 9,000 8,000 11,000 November December A. Using the high-low method, express the company's overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. B. Predict the overtime wages if 9,000 invoices are processed. C. Predict the overtime wages if 6,500 invoices are processed. D. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices
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22-A company purchased goods worth RO 10,000 excluding VAT and sold to customers for RO 25,000 excluding VAT. Assume the VAT rate as 5%. How much will be the VAT collected by the government? a. RO 1,750 b. RO 750 c. RO 1,250 d. RO 500
a companys sales in year 1 350,000 and in year 2 387,500 using year 1 as the base year the percent charge for year 2 compared to the base year is 100% 12% 11% 10% 90%
Smith Wesson Net income $10,000 $100,000 Net sales 50,000 400,000 Calculate the profit margin ratio for each company.
W. Region E. Region Stock Inc. Darby Corp $ Cost of goods sold 590,000 1,050,000 301,000 200,000 + Operating income (loss) + $ + $ + Cust-level oper. costs 54,110 50,670 35,250 29,600 Total = Total customer-level costs 644,110 1,100,670 336,250 229,600 = || || GA GA CA Now prepare a customer-cost hierarchy report. (Use parentheses or a minus sign to enter an operating loss. Abbreviations used: W. = West; E. = East; Dist. = Distribution; oper. = operating; inc. = income.) EA Customer Distribution Channels Wholesale Customers Total W. Region E. Region Wholesale Wholesaler Wholesaler Retail Customers Total Retail Stock Inc. Darby Corp
The following information relates to Day Company: Sales Revenue $12 000 000 Contribution Margin $ 4 800 000 Net Income $ 800 00 Days' operating leverage is
Using percentage of completion cost to cost input measure the gross profit in 2014 is a. P 60,000b. P 74, 429c. P 160,000d. P 225,714

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What amount was reported as current service cost by Cagayan Company ? 400 000 700 000 950 000 200 000