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stepan [7]
2 years ago
14

brown industries operates a defined benefit pension plan. information received from the actuary and the trustee related to the y

ear 2 pension plan includes the following: projected benefit obligation, january 1, year 2 $1,889,000 service cost 105,000 interest cost 190,000 retirement benefits paid 182,000 employer contribution 155,000 actual return on plan assets 215,000 amortization of prior service cost 122,000 amortization of prior-year net pension loss 37,000 fair value -- pension plan assets, december 31, year 1 1,825,000 brown’s year 2 net pension cost is
Business
1 answer:
algol [13]2 years ago
3 0

Brown’s Year 2 net pension plan cost is- $239,000

Pension Cost = Service Cost + Interest Cost + Prior Service Cost + Prior Loss - Actual Return

= $105,000 + $190,000 + $122,000 + $37,000 - $215,000

= $239,000.

A retirement plan is an employee benefit plan established or maintained by an employer and/or an employee organization.

A pension plan is a type of retirement plan that provides monthly income after retirement. Employers are obliged to contribute to the pool of funds invested for the benefit of their employees. As an employee, you can also pay part of your wages to the plan. Not all companies offer these plans.

Learn more about pension plan at

brainly.com/question/27757390

#SPJ4

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14-2B (Issuance and Retirement of Bonds) StarCenter Co. Is building a new music arena at a cost of $5,600,000. It received a dow
mezya [45]

Answer:

there are no requirements, but I assume that they ask about issuance costs and their amortization:

market price of the bonds:

PV of face value = $5,000,000 / (1 + 10%)²⁰ = $743,218

PV of coupon payments = $400,000 x 8.5136 (PV annuity factor, 10%, 20 periods) = $3,405,440

market price = $4,148,658

Journal entry to record issuance and bond issue costs

January 1, 2013

Dr Cash 4,088,658

Dr Discount on bonds payable 851,342

Dr Bond issue costs 60,000

    Cr Bonds payable 5,000,000

amortization of bond discount and issue costs = ($4,088,658 x 10%) - $400,000 = $8,865.80 ≈ $8,866

allocation to bond issue costs = ($60,000 / $911,342) x $8,866 = $583.71  ≈ $584

allocation to bond discount = $8,866 - $584 = $8,282

Journal entry to record first coupon payment

January 1, 2014

Dr Interest expense 408,866

    Cr Cash 400,000

    Cr Discount on bonds payable 8,282

    Cr Bond issue costs 584

4 0
3 years ago
Mary is filing Head of Household with a taxable income of $79,280. What is her income tax for Marks: 1 2018? Choose one answer.
antiseptic1488 [7]

Answer:

a. $11,989

Explanation:

tax rate // for income above

0.1        //  $           0

0.12        //  $   13,600

0.22       //   $  51,800

0.24      //    $ 82,500

Mary's income of $79,280 is on the third bracket as is lower than the minimum for the fourth bracket.

first bracket:

$13,600 x 10%    =                     $ 1,360

second bracket:

($51,800 - $13,600) x 12%   =    $ 4,584

third bracket

($79,280 - $51,800) x  22%   =  $ 6,045.6

total tax income: 11,989.6

8 0
3 years ago
A tile manufacturer has supplied the following data: Boxes of tiles produced and sold 520,000 Sales revenue $ 2,132,000 Variable
svetoff [14.1K]

Answer:

unitary contribution margin= $2.52

Explanation:

<u>First, we need to calculate the total variable cost:</u>

Total variable cost= Variable manufacturing expense + Variable selling and administrative expense

Total variable cost= 560,000 + 260,000

Total variable cost= $820,000

<u>Now, the unitary variable cost and the selling price:</u>

unitary variable cost= 820,000 / 520,000= $1.58

Selling price= 2,132,000 / 520,000= $4.1

<u>Finally, the unitary contribution margin:</u>

unitary contribution margin= selling price - unitary variable cost

unitary contribution margin= 4.1 - 1.58

unitary contribution margin= $2.52

7 0
2 years ago
Cory is working on a global marketing assessment team looking out well into the future to help determine the most attractive mar
grin007 [14]

Answer:

The correct answer is letter "A": countries with high purchasing power today may not continue to show the same growth in the future.

Explanation:

Even if during the past decade the world's major economies have been the same -<em>The U.S., Japan, China, Russia, and Germany</em>- it does not necessarily mean the scenario will not change for the next one hundred years. Some other countries like Saudi Arabia, Switzerland, Belize, Luxembourg, and Australia have started to show signs of increasing development that could turn the worldwide economy into a new direction. The last five (5) countries are reported as being the top nations with the highest purchasing power for 2018.

7 0
3 years ago
National Bank quotes the following for the British pound and the New Zealand dollar:​ ​ Quoted Bid Price Quoted Ask Price Value
Rzqust [24]

Answer:

Explanation:

$10,000 to start with.

From USD to pound - (GBP/USD = 1.62). Pounds = 10,000 * (1/1.62) = GBP 6,172.84

From GBP to NZD - (GBP/NZD = 2.95). NZD = 6,172.84 * 2.95 = NZD 18,209.88

From NZD to USD - (NZD/USD = 0.55). USD = 18,209.88 * 0.55 = USD 10,015.43

$10.015.43>$10,000

Profit from implementing the strategy is 10,015.43-10,000 = $15.43

4 0
3 years ago
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