Lacy construction has a noncontributory, defined benefit pension plan. at december 31, 2016, lacy received the following information: projected benefit obligation ($ in millions) balance, january 1 $ 360 service cost 60 prior service cost 12 interest cost(7.5%) 27 benefits paid (37 ) balance, december 31 $ 422 plan assets ($ in millions) balance, january 1 $ 240 actual return on plan assets 27 contributions 2016 60 benefits paid (37 ) balance, december 31 $ 290 the expected long-term rate of return on plan assets was 10%. there were no aoci balances related to pensions on january 1, 2016. at the end of 2016, lacy amended the pension formula creating a prior service cost of $12 million. required: 1. determine lacy's pension expense for 2016.pension expense :

Which of the following is a reason why it is important for students to study strategy and the strategic management process? answers: studying strategy and the strategic management process can give students tools to evaluate the strategies of firms that may employ them. it can be very important to a new hire's career success to understand the strategies of the firm that hired them and their place in implementing these strategies. while strategic choices are generally limited to very experienced senior managers in large organizations, in smaller and entrepreneurial firms many employees end up being involved in the strategic management process. all of these.

Luggage world buys briefcases with an invoice date of september 28. the terms of sale are 2/10 eom. what is the net date for this invoice

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?