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3 years ago

The projected benefit obligation (PBO):

Business

1 answer:

Lapatulllka [165]3 years ago

6 0

Answer:

The answers are:

A) includes service cost, accrued interest, revised estimates, plan changes, and benefit payments.

D) is present value of retirement benefits calculated by including projected salaries.

Explanation:

The projected benefit obligation (PBO) refers to the present value of an employee's pension. Companies need to know how much money do they need right now to cover their future pension obligations as employers. The PBO is a pension concept and it is included in the balance sheet.

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The Commonwealth of Virginia filed suit in October 2014, against Northern Timber Corporation seeking civil penalties and injunct

tatyana61 [14]

Answer:

Northern Timber Corporation

1. Journal entries to record the change:

Debit Litigation Liability $1,000,000

Credit Cash $600,000

Credit Litigation Loss $400,000

To record the payment of the litigation liability and the reduction of litigation loss by $400,000.

2. Northern can restate the 2014 and 2015 Retained Earnings to reflect the change in the litigation loss.

Explanation:

a) Data and Calculations:

Records of probable loss from ultimate settlement:

2014:

Loss—litigation 1,000,000

Liability—litigation 1,000,000

2016:

Agreed settlement = $600,000

Analysis of Entries:

Litigation Liability $1,000,000

Cash $600,000

Litigation Loss $400,000

4 0

3 years ago

On March 1, Warwick’s Co., a women’s clothing store, purchased $72,900 of merchandise from a supplier on account, terms FOB dest

Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Merchandise inventory Dr, $72,900

To Accounts payable $72,900

(Being purchase is recorded)

Here we debited the Merchandise inventory as assets is increasing and we credited the Accounts payable as liabilities is also increasing.

2. Accounts payable Dr, $8,036 ($8,200 - ($8,200 - 2%)

To Merchandise inventory $8,036

(Being merchandise return is recorded)

Here we debited the accounts payable as liabilities is decreasing and we credited the Merchandise inventory as assets is decreasing.

3. Accounts payable Dr, $64,864 ($72,900 - $8,036)

To Cash $64,864

(Being payment is recorded)

Here we debited the accounts payable as liabilities is decreasing and we credited the cash as assets is decreasing.

4 0

3 years ago

Forms and papers that provide information about a business transaction are called

melisa1 [442]

They are called source documents.

4 0

3 years ago

Whitt's bbq has sales of $1,318,000, a profit margin of 7.4 percent, and a capital intensity ratio of .78. what is the total ass

tankabanditka [31]

Based on the given figures above, the total asset turnover rate is 1.28. To get the <span>1.28, you need to use the below formula:

</span>

Total asset turnover= 1/ capital intensity ratio

The capital intensity ratio given is 0.78

Therefore you calculation should be:

Total asset turnover = 1 / .78

Total asset turnover = 1.28

3 0

3 years ago

Seattle bank's start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branc

Setler79 [48]

<span>For a branch that processes 60,000 transactions, the total teller cost is $1.6 per transaction. At 70,000 transactions, the teller cost is $1.37 per transaction. At 80,000, it's $1.2, and at 90,000, it's $1.06. The teller cost is fixed, as it's always $96,000, but the transaction number is variable, as it changes.</span>

7 0

3 years ago