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AysviL [449]
3 years ago
13

Splish Company provides the following information about its defined benefit pension plan for the year 2017. Service cost $110,00

0 Contribution to the plan 104,000 Prior service cost amortization 10,000 Actual and expected return on plan assets 30,000 Benefits paid 37,000 Plan assets at January 1, 2017 624,000 Projected benefit obligation at January 1, 2017 728,000 Accumulated OCI (PSC) at January 1, 2017 165,000 Interest/discount (settlement) rate 5% Compute the pension expense for the year 2017. Pension Expense for 2017 should be:
Business
1 answer:
kipiarov [429]3 years ago
3 0

Answer: $155,520

Explanation:

Pension Expense = Service Cost - Expected return on plan assets + Prior service cost amortization + Interest cost

Interest Cost

= Interest rate * Projected benefit obligation

= 0.09 * 728,000

= $65,520

Pension Expense = 110,000 - 30,000 + 10,000 + 65,520

= $155,520

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Calculate the simple interest payable on a ten-month loan of $60,000 if the interest rate is 16.5%.
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3 years ago
Kevin bought 265 shares of Intel stock on January 1, 2019, for $76 per share, with a brokerage fee of $165. Then, Kevin sells al
garri49 [273]

Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

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Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase =  $20,305

Cost to sell = $215(brokerage fee)

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3 years ago
What term describes the relationship between the flow rate and the capacity of each labor resource that works in a process
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The reciprocals of one another is the term that describes the relationship between the flow rate and the capacity of each labor resource that works in a process.

<h3>What is a flow rate in production?</h3>

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Hence, the flow rate and capacity of each labor resource are reciprocal because they work together in a process unit.

Read more about flow rate

<em>brainly.com/question/24356835</em>

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"Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip..." this is a quitclaim deed. This is further explained below.

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In conclusion, When a company pays another company to relinquish a claim to a strip mine, it is executing a quitclaim deed.

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