Stanley-morgan industries adopted a defined benefit pension plan on april 12, 2016. the provisions of the plan were not made retroactive to prior years. a local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. a consulting firm, engaged as actuary, recommends 6% as the appropriate discount rate. the service cost is $150,000 for 2016 and $200,000 for 2017. year-end funding is $160,000 for 2016 and $170,000 for 2017. required: calculate each of the following amounts as of both december 31, 2016, and december 31, 2017: (enter you answers in thousands (i. e., 200,000 should be entered as 1. projected benefit obligation 2. plan assets 3. pension expense 4. net pension asset/liability

The distinction between a normal and an inferior good is

Balance sheet baggett company's balance sheet accounts and amounts as of december 31, 2016, are shown in random order as follows: account debit (credit) account debit (credit) income taxes payable $(3,800) additional paid-in capital on preferred prepaid items 1,800 stock $(7,900) additional paid-in capital on common stock (9,300) allowance for doubtful accounts (1,600) land 12,200 bonds payable (due 2020) (23,000) notes payable (due 2019) (6,000) buildings 57,400 notes receivable (due 2018) 16,400 sinking fund to retire bonds payable 5,000 accounts receivable 12,600 advances from customers (long-term) (2,600) premium on bonds payable (1,400) cash 4,300 accounts payable (13,100) accumulated depreciation: equipment (9,700) inventory 7,400 retained earnings (18,300) accumulated depreciation: buildings (21,000) preferred stock, $100 par (18,600) patents (net) 4,600 wages payable (1,400) equipment 28,700 common stock, $10 par (12,700) required: 1. prepare a december 31, 2016 balance sheet for the baggett. baggett company balance sheet december 31, 2016 assets current assets: $ $ $ long-term investments: $ property, plant, and equipment: $ $ $ intangible assets: liabilities current liabilities: $ $ long-term liabilities: $ $ other liabilities: shareholders' equity contributed capital: $ $ $ $ 2. compute the debt-to-assets ratio. round to one decimal place. do not enter a percent sign (%) as part of your answer. %

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49