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hellokitty1647
24.10.2019 •
Business
Presented below is information related to the pension plan of zimmer inc. for the year 2011. (1) the service cost related to pension expense is $260,000 using the projected benefits approach. (2) the projected benefit obligation and the accumulated benefit obligation at the beginning of the year are $300,000 and $380,000, respectively. the expected return on plan assets and the settlement rate is 10%. (3) the accumulated oci – prior service cost at the beginning of the year is $140,000. the company has a workforce of 200 employees, and all are expected to receive benefits under the plan. the total number of service-years is 2,000 and the service-years attributable to 2011 is 200. the company has decided to use the years-of-service method of amortization for these costs. (4) at the beginning of the period, fair value of pension plan assets, $380,000. the company had an accumulated oci (loss) at the beginning of the period of $90,000. any amortization of unrecognized net loss is recognized on a straight-line basis over the average remaining service-life of the employees. (5) the contribution made to the pension fund in 2011 was $231,000. instructions (a) determine the pension expense to be reported on the income statement for 2011. after amortizing the accumulated oci loss under corridor method.(round all computations to nearest dollar.) (b) prepare the journal entry(entries) to record pension expense for 2011.
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Ответ:
Jose should tell George about the comparison sites the way it helps to compare the price of different products in different outlets s well cross different brands, however, the results are not always perfect and accurate.
Explanation
The Business Model of Price Comparison Sites is immensely useful and makes a clear cut comparison of different products concerning their brands and various market outlets. These comparison sites help create a better rapport with customers as also it helps create value for the products, however, at the same time Price Comparison sites are not considered to be the best and perfect way of determining prices.Price Comparison sites are laden with lots of imperfections that makes it a little inaccurate and undesirable. The first flow of Business model price comparison sites is that they don't consider the competitor's price which leads to overpricing of one's product. As a result of this overpricing, customer demand for such products goes down and eventually loss for the company. The other imperfection which is there in business model price comparison is that companies while pricing product takes into consideration several criteria and determinants which are not considered by business models. Therefore, this often leads to overpricing and under-pricing. Furthermore, differences in the price of the product on the website and the one determined by the price comparison model also points to imperfection.