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gladu [14]
3 years ago
15

Waterway Toothpaste Company initiates a defined benefit pension plan for its 50 employees on January 1, 2017. The insurance comp

any which administers the pension plan provided the following selected information for the years 2017, 2018, and 2019.
Col1 Plan Assets (Fair Value $51000 $87300 $183130
Col2 Accumulated benefit obligation 45100 163400 290800
Col3 Projected benefit obligation 61000 203910 323900
Co4 lNet (gain) loss (for purposes of corridor calculation) 0 78700 81518
Col5 Employer’s funding contribution (made at end of year) 51000 61000 105800
There were no balances as of January 1, 2017, when the plan was initiated. The actual and expected return on plan assets was 10% over the 3-year period, but the settlement rate used to discount the company’s pension obligation was 13% in 2017, 11% in 2018, and 8% in 2019. The service cost component of net periodic pension expense amounted to the following: 2017, $61,000; 2018, $87,300; and 2019, $114,700. The average remaining service life per employee is 12 years. No benefits were paid in 2017, $29,800 of benefits were paid in 2018, and $18,700 of benefits were paid in 2019 (all benefits paid at end of year).Calculate the amount of net periodic pension expense that the company would recognize in 2017, 2018, and 2019.Pension Expense for 2017?Pension Expense for 2018?Pension Expense for 2019?Prepare the journal entries to record net periodic pension expense, employer’s funding contribution, and related pension amounts for the years 2017, 2018, and 2019.
Business
1 answer:
lutik1710 [3]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following 4 images.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in the following 4 images.

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Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's Three Generic Strategies. Which of the foll
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Answer:

The correct answer is A.

Explanation:

Low cost companies, such as Southwest, Horizon, Frontier and JetBlue, are already one of the first options when organizing a trip. Flying is easier and more accessible every day, partly thanks to the low prices that airlines offer us, but also more uncomfortable, so you may ask yourself: what tricks do airlines use to make flying so cheap now?

  1. Point to point routes. Low-cost companies do not offer transshipment services (network), so they save the cost of moving luggage from one plane to another and do not have to worry about the costs of connections between their routes.
  2. Staff costs. When operating point-to-point flights and only short and medium radius, low cost never pay hotels to their crews to spend the night outside the airport where they are destined. Pilots and cabin staff always return to their base. In addition, their salaries are usually lower than those of traditional airline personnel.
  3. Small airports. Operating in small airports and far from the main urban centers allows these airlines to avoid traffic jams, thus saving fuel and time.
  4. Homogeneous fleet. Low cost usually use modern fleets and similar models, allowing them significant savings in maintenance.
  5. Reduced services. These low-cost airlines do not serve meals, cut seat space and eliminate seat allocation, which saves a lot of time, but also money.
  6. Additional income. Most low-cost airlines promote a wide range of gifts and lotteries on board, which gives them significant extra income.
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  9. Public incentives. Many public administrations grant great economic aid to these low costs to prevent them from stopping to fly to their airports.
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