Dec 19, 2020 | Uncategorized
Assume that medical expenses are only deductible if the exceed 10% of an individual’s adjusted gross income. Assume that Joe gets an annual salary of $250,000, he has no other income and he has no deductions that are “above the line”. The only...
Dec 19, 2020 | Uncategorized
Windsor Co. provides the following information about its postretirement benefit plan for the year 2017.Service cost$44,900Contribution to the plan9,800Actual and expected return on plan assets11,300Benefits paid20,800Plan assets at January 1, 2017120,800Accumulated...
Dec 19, 2020 | Uncategorized
Clara is setting up a retirement fund, and she plans on depositing $5,200 per year in an investment that will pay 5% annual interest. How long will it take her to reach her retirement goal of $49,655?
Dec 19, 2020 | Uncategorized
On January 1, Lisa buys 10 shares in Pebble Inc. at a cost of $20 per share. During the year, Lisa receives a dividend cheque of $30, and at December 31, Pebble Inc.’s shares are trading at $24 per share. What is Lisa’s return on investment this...
Dec 19, 2020 | Uncategorized
Determining EOQ and total costs at EOQEconomic ordering quantity (EOQ) is a commonly used method for optimizing the inventory costs with ordering costs. As the production manager for the organic juice line, you will need to determine the optimal order quantity. If the...
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