subject
Business, 02.06.2020 18:59 morganpl415

Buffalo Co. has the following defined benefit pension plan balances on January 1, 2020.
Projected benefit obligation $4,562,000
Fair value of plan assets 4,562,000
The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $601,000 are created. Other data related to the pension plan are:
2020 2021
Service Cost $149,000 $169,000
Prior service cost amortization 0 90,000
Contributions (funding) to the plan 199,000 183,000
Benefits paid 220,000 283,000
Actual return on plan assets 253,000 350,000
Expected rate of return on assets 6% 8%
Required:
a. Prepare a pension worksheet for the pension plan in 2020. (Enter all amounts as positive.)

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 05:50, Courtneymorris19
1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls
Answers: 1
image
Business, 22.06.2019 19:30, mfkinnatz
Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market. a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation
Answers: 2
image
Business, 22.06.2019 21:20, fespinoza019
Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:
Answers: 2
image
Business, 22.06.2019 22:20, vdestiny858
As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.
Answers: 2
You know the right answer?
Buffalo Co. has the following defined benefit pension plan balances on January 1, 2020.
Proje...

Questions in other subjects:

Konu
History, 06.04.2020 19:27