Fox, inc. has the following information related to its defined benefit pension plan: december 31, 20x6: projected benefit obligation $1,500,000 fair value of plan assets 1,200,000 unrecognized prior service cost 200,000 unrecognized net transition asset 60,000 december 31, 20x7: projected benefit obligation $1,740,000 fair value of plan assets 1,800,000 service cost 220,000 assumptions: discount rate 6% expected return on plan assets 8% fox makes an annual pension plan contribution of $200,000. the company's employees had an average remaining service life of 10 years on 12/31/x6 and the company expects to pay benefits totaling $170,000 to retired employees in 20x8. fox has an effective tax rate of 30%. the funded status of fox's pension plan will be reported on the december 31, 20x7 balance sheet as a:

Uppose the book-printing industry is competitive and begins in a long-run equilibrium. then hi-tech printing company invents a new process that sharply reduces the cost of printing books. suppose hi-tech's patent prevents other firms from using the new technology. which of the following statements are true about what happens in the short run? check all that apply. hi-tech's average-total-cost curve shifts downward. hi-tech's profits increase. the price of books remains the same. hi-tech's marginal-cost curve remains the same.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

When you hire an independent contractor you don't have to pay the contractors what