Castillo company has a defined benefit pension plan. at the end of the reporting year, the following data were available: beginning pbo, $81,000; service cost, $18,600; interest cost, $5,600; benefits paid for the year, $9,600; ending pbo, $95,600; the expected return on plan assets, $10,600; and cash deposited with pension trustee, $19,000. there were no other pension-related costs. the journal entry to record the annual pension costs will include a credit to the pbo for:

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Post test question number 9 for entering the job market