Reference no: EM13880164
1.Macy's, Inc. , operates about 810 Macy's department stores and furniture galleries. The Bloomingdale's brand includes 41 stores in 12 states, four Bloomingdale's Outlet stores, and bloomingdales.com. Refer to the 2010 financial statements and related disclosure notes of the company. The financial statements can be found at the company's website: www.macys.com .
Required:
1. From the information provided in various portions of Note 11, reconcile the beginning balance ($1,186) and ending balances for Net loss"AOCI associated with Macy's pension plan. Clearly label each reconciling amount.
2. Macy's was required to amortize a portion of its Net loss"AOCI associated with its pension plan in 2010. Based on the calculation of that amount, determine the average remaining service life of the company's employees used in that calculation.
3. From the information provided in various portions of Note 12, reconcile the beginning balance ($38) and ending balances for Net gainAOCI associated with Macy's Other postretirement employee benefit plan. Clearly label each reconciling amount.
4. Suppose you believe that Macy's should have assumed a 1% lower healthcare cost trend during 2010. What would 2010 net income have been under that assumption? Assume a 35% income tax rate.
|
Which of the eight contracts is optimal
: With three issues (two outcomes each), there are eight possible contracts. Which contracts are inefficient (i.e., produce worse outcomes for both sides than some other contract)?
|
|
How does this differ from the tasks performed
: How does this differ from the tasks performed during the tests of controls phase? One of the most important tasks of the planning phase is for the auditor to gain an understanding of internal controls
|
|
Determine the volatility of the stock
: Assume Black-Scholes: The continuously compounded risk-free interest rate is equal to the rate of dividend continuously being paid out by the stock. Determine the volatility of the stock
|
|
What is the effective interest rate for professor lee
: On January 2013, Professor Lee buys a house. Here is the information. What is the effective interest rate? If from January 2013, Professor Lee plans to sell his house after 15 years. What is the effective interest rate for Professor Lee in Jan 2013?
|
|
The financial statements can be found at the company''s
: 1.Macy's, Inc. , operates about 810 Macy's department stores and furniture galleries.
|
|
Determining the drag force on the plate
: Air flows over the top and bottom surfaces of the plate, and measurement of the heat transfer rate is 2000 W. What is the drag force on the plate?
|
|
Why is it necessary for a cpa to be prohibited
: Why is it necessary for a CPA to be prohibited from having financial or personal connections with a client? Provide an example of how a financial connection to a company would impair an auditor objectivity. Provide an example of how a personal rel..
|
|
What do you think kate chopin felt about marriage
: Why is she called Mrs. Mallard at the beginning of the story but Louise later on? What is Kate Chopin suggesting? What do you think Kate Chopin felt about marriage? Where in the story do you see evidence of this
|
|
Various aspect of coding style
: Explain following various aspect of Coding Style :The Messy Code Trap ,Decomposition
|