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Question - Maggie Moo, age 40, begins employment with Farm Corporation on January 1, 2020 at a starting salary of $40,000. It is expected that Maggie will work for the company for 25 years, retiring on December 31, 2044, when Maggie is 65 years old. It is expected that her salary at retirement will be $140,000. Further assume that mortality tables indicate the life expectancy of someone age 65 in 2044 is 12 years. Farm Corporation sponsors a defined benefit pension plan with the following formula - Annual pension benefit on retirement = 3% of salary for each year of service, or 3% final salary x years of service. Assume a discount rate of 6%. Determine the current service cost for Maggie Moo at December 31, 2020.
Thompson Company updates its inventory records perpetually. The company's records showed a beginning inventory of $15,000; cost of goods sold of $23,000.
Perry and susan williams just retired, moved to the lake. What is the NPV of the business? Also what is the IRR on there investment in the business?
How will you communicate this message to your employees? What will be your process for monitoring success of your objectives for quality customer
Recognized revenue on account of $10,500. Paid $3,800 cash for other operating expenses.
On January 8, the end of the first weekly pay period of the year, Royal Company's payroll register showed that its employees earned $11,380 of office salaries.
Which business do you think engages in personal service and which one engages on competitive prices? Give reasons for your answer
Silver Company provided the following information at year-end: Share premium 1,000,000. What total shareholders equity should be reported
how do you compute a retained earnings statement when there are question marks shown for the cash and retained earnings
Assuming that Ansbach issued the bonds for $255,369,000, what interest expense would it recognize in its 2016 income statement
The issue price was $9.50 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 entry
As you are aware this course does not have a text book. This assignment is to ensure you can access and know how to source the most recent government payroll.
Define economic value added (EVA) and describe three ways a company can improve its EVA
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