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umka21 [38]
3 years ago
9

Payne, Inc., a nonpublicly traded company, implemented a defined benefit pension plan for its employees on January 2, year 2. Th

e following data are provided for year 2, as of December 31, year 2:
Fair value of plan assets: $78,000
Projected benefit obligation: $103,000
Net periodic pension cost: $90,000
Employer's contribution: $70,000

What amount should Payne record as pension liability at December 31, year 2?

a. $0
b. $25,000
c. $20,000
d. $45,000
Business
1 answer:
Dovator [93]3 years ago
7 0

Answer:

b. $25,000

Explanation:

For computing the pension liability amount, we need to do apply the formula which is shown below:

= Projected benefit obligation - Fair value of plan assets

= $103,000 - $78,000

= $25,000

The net periodic pension cost and the employer's contribution is not relevant. So, these items are ignored and hence not included in the computation part.

The excess amount is shown as a pension liability.

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Effective managers their dominant decision style to avoid making mistakes. for each example, select the decision style that most
Vaselesa [24]

Simply put, Decision making is defined as the process involved in making a decision. It involves comparing alternatives and finding a solution to a problem.

The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.

Kyle prefers to base decisions on lots of data, both objective data from information systems and qualitative data from people - Analytical decision style

Bill prefers simple, clear-cut solutions to problems. - Directive decision style.

Josie likes to talk to people one on one to find out how the decision will affect them - Behavioural decision style.

4 0
3 years ago
Justine was interested in learning how to play the piano. She has successfully passed every level of music book and is planning
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The stage of ability development is Justine at is now being a master. It is because he is now interested in learning how to play the piano and she has successfully passed every level of music book and is planning her own concert. I hope my answer has come to your help. God bless and have a nice day ahead!
8 0
3 years ago
Read 2 more answers
When evaluating advertising results, what technique can be used to measure consumer's beliefs or feelings about a product before
dolphi86 [110]

When evaluating advertising results, the Attitudinal measure technique can be used to measure consumers' beliefs or feelings about a product before and after exposure to the ad.

<h3>What are Pre-testing and post-testing in advertising?</h3>

Pre-testing and Post-testing. Pretesting is testing the advertisement before running it so that the likelihood of preparing the most effective ads, by allowing an opportunity to detect and eliminate weaknesses or flaws increases. Post-testing is done after the advertisement is run on the media.

Advertising Research – 4 Important Types: Product Appeal, Advertising Message, Advertising Media Selection, and Advertising Effectiveness Research.

To learn more about post-testing visit the link

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8 0
1 year ago
Following is the information about Eclypso Company's two products: Product X Product Y Unit selling price $10.00 $10.00 Unit var
xz_007 [3.2K]

Answer:

50,000  units are required to break even

Explanation:

Eclypso Company

                                        Product X        Product Y

Unit selling price               $10.00               $10.00

Less

Unit variable costs:

Manufacturing                     $ 6.00            $ 7.00

Selling                                   1.00                 1.00

Total variable costs              $ 7.00            $ 8.00

Contribution Margin per unit  3                   2          

Monthly fixed costs are as follows:

Manufacturing                               $ 90,000

Selling and administrative             50,000

Total fixed costs                           $140,000

Weighted Contribution Margin per unit =  ($3 *  80% + $ 2 * 20%)= 2.4+ 0.4=              

                                                                                $ 2.8

Combined Break Even Volume = Fixed Costs/ Weighted Contribution Margin Per unit

Combined Break Even Volume = $ 140,000/ 2.8=50,000

5 0
3 years ago
A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.
Aliun [14]

Answer:

voidable title

Explanation:

A voidable title is considered good and valid title until voided.  

For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.

The difference with a void title is that a void title was never good and valid.

On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.

3 0
3 years ago
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