1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mina [271]
3 years ago
15

At the beginning of the year, Klein Company's pension plan showed pension plan assets of $4 million and a PBO of $4.5 million; u

namortized prior service cost of $500,000; and no unamortized gains or losses. During the year, service cost was $310,000; $400,000 was paid to retirees; and the company contributed $340,000 to the plan. The expected return on plan assets was 8% and the discount rate estimate was 6%. The plan assets earned an actual return of 5%. The average remaining service period is 10 years. At the end of the year, the balance of the pension plan assets will be____________________
Business
1 answer:
Ivan3 years ago
5 0

Answer:

At the end of the year, the balance of the pension plan assets will be $4,140,000.

Explanation:

4 million + actual return 200,000 + contribution to plan 340,000 - paid to retirees 400,000 = $4,140,000

You might be interested in
What two companies rate and publish bonds? a. Poor Richard s and Moody s c. Sampson s and Monroe s b. Standard and Poor s and Mo
Andrej [43]
I think the correct answer from the choices listed above is option B. The two companies that rates and publish bonds are Moody's and Standard's and Poor. These companies had <span>maintained high level of credibility and their ratings are highly respected worldwide. Hope this answers the question.</span>
5 0
3 years ago
Read 2 more answers
Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase
ioda

Answer: See Explanation

Explanation:

You didn't give the methods to use but let me use 2 main methods.

First, let's use the Straight line Depreciation. This will be:

= ($71000 + $3000 + $2000 - $3000) / 5

= $73000/5

= $14600

Year 1 Depreciation = $14600

Year 2 depreciation = $14600

Secondly, let's use the double declining method of Depreciation will be:

= 1/5 × 2

= 0.2 × 2

= 0.4

= 40%

Year 1 depreciation will be:

= 76000 × 40%

= 76000 × 0.4

= $30400

Year 2 Depreciation will be:

= ($76000 - $30400) × 40%

= $45600 × 40/100

= $45600 × 0.4

= $18240

7 0
2 years ago
Which statement is false?
Llana [10]

Answer:

The statement which is false is the no matter that whether perpetual inventory system or periodic system is used by company, but all the companies require to evaluate inventory quantities at the end of the accounting period.

Explanation:

The statement is false because the companies does not require to determine or assess the inventory quantities at each accounting period.

Therefore, the correct option is C.

5 0
3 years ago
Rosalie is a rather easy-going kind of woman. she works hard when she's at the office, but she refuses to do more than 40 hours
seropon [69]
<span>By the above mention condition we can conclude that Rosalie has a Type B personality. Some of the character traits involved in Type B are being flexible, emotional and expressive, relaxed and have a laid-back attitude. This Type B personality can help decrease the risk of heart disease.</span>
3 0
3 years ago
Suppose you've just inherited $10,000 from a relative. you're trying to decide whether to put the $10,000 in a non-interest-bear
NeTakaya
Since the purpose is put the money aside that anytime you can get it and spend it on anything you want to buy, the best answer from the choices is  "HOLD IT AS A MONEY". 

You can choice U.S treasury fund because only after 10 years you can get the money with fixed interest.
6 0
3 years ago
Other questions:
  • The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2013. The average househol
    14·2 answers
  • Suppose the reserve requirement is 10%.
    5·1 answer
  • The Taste Freeze Ice Cream Company is a perfectly competitive firm producing where MR = MC. The current market price of an ice c
    14·1 answer
  • The future of crime-and-justice reality provides for differing scenarios. the scenario that portrays the commercial media as ope
    15·1 answer
  • In one test before product launch, customers try a sample product and are then surveyed to understand whether they would buy/use
    15·1 answer
  • Supporters of increased social responsibility would most likely say that the goal of a firm is to:_______
    9·2 answers
  • ash Flows from Investing Activities During the year, Murray Company sold equipment with a book value of $125,000 for $175,000 (o
    6·1 answer
  • Fiscal policy refers to the
    5·1 answer
  • For bonds issued 2019, the taxpayer must amortize bond premium using which of the following methods?
    14·1 answer
  • **ECONOMICS** A tax paid on the value of a person's home is ______.
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!