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Tamiku [17]
3 years ago
7

Bonita Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $88,500

Contribution to the plan 107,100 Prior service cost amortization 10,600 Actual and expected return on plan assets 63,100 Benefits paid 40,800 Plan assets at January 1, 2020 648,000 Projected benefit obligation at January 1, 2020 688,100 Accumulated OCI (PSC) at January 1, 2020 148,600 Interest/discount (settlement) rate 11 %. Prepare the journal entry recording pension expense.
Business
1 answer:
Zarrin [17]3 years ago
4 0

Answer:

Journal Entry

Debit Pension Expense $111,691 Credit Bank $111,691

Explanation:

Computation of Pension expense

Service cost                             $88,500

Service cost amortization      $10,600

Return on Plan asset           - $63,100

Interest on liability                 $75,691

(688,100*11%)

Pension Expense                 $111,691

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<h3>What is logistic?</h3>

Logistic is the process of transporting the goods as well as the services of the company.

Therefore, the cost involves are:

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5 0
2 years ago
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
yanalaym [24]

Answer:

deferral

Explanation:

Adjusting entries are when changes are made to already recorded journal entries.

Categories of adjusting entries :

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  2. accrued expenses
  3. unearned revenues
  4. prepaid expenses
  5. depreciation.

Prepaid expenses are payments made for services yet to be delivered.

For example, paying for a year's worth of subscription on your streaming service

Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral

7 0
3 years ago
If P denotes the price of goods and services measured in terms of money, then:________.
Margaret [11]
The answer is A for sure
8 0
3 years ago
In the text, Curves is an example of which path? a. Looking across alternative industries b. Looking across strategic groups wit
Elena L [17]

Answer:

The correct option is D) Looking across complementary offerings

Explanation:

There are about 6 well-known paths to achieving a <em>Blue Ocean Strategy.</em>

Generally, the Blue Ocean Strategy (BOS) seeks to avoid locking horns with the competition by identifying niche areas that are critical to the attainment of a competition-free space. According to the BOS took kit, there are 6 paths to achieving a blue ocean strategy.

One of them is called looking across complementary offerings.

Another term for the Curve is Value Ramp. Value Ramp simply refers to a methodology for evaluating one's service/product offerings. It consists of a graph that plots a curve sloping upwards from left to right, showing the relationship between price and the value or perception of value being delivered by the business.

The principle offered here stated that the higher the perception of one's brand, the more one should be able to charge for their services.

Value is thought to increase as the business delivers more and more personalized services in a relationship-oriented fashion rather than generic products and services which are readily available off the shelf in most cases.

Cheers

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3 years ago
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Stolb23 [73]

Answer:

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According to study, over 60% of customers review a Return/Refund Policy before they make a purchasing decision. It is the single most important agreement that e-commerce store needs to have as it can affect its customer retention rate.

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