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ad-work [718]
3 years ago
11

On January 1, 2021, Ravetch Corporation’s projected benefit obligation was $51 million. During 2021, pension benefits paid by th

e trustee were $7 million. Service cost for 2021 is $18 million. Pension plan assets (at fair value) increased during 2021 by $9 million as expected. At the end of 2021, there were no pension-related other comprehensive income (OCI) accounts. The actuary’s discount rate was 10%.
Determine the amount of the projected benefit obligation at December 31, 2021.
Business
1 answer:
nevsk [136]3 years ago
3 0

Answer:

$67.1 million

Explanation:

Given that,

Projected benefit obligation at the beginning of 2021 = $51 million

Service cost = $18 million

Retiree benefits  = $7 million

Projected benefit obligation at December 31, 2021:

= Beginning of 2021 + Service cost + Interest cost - Retiree benefits

= $51 million + $18 million + (10% × $51 million) - $7 million

= $51 million + $18 million + $5.1 million - $7 million

= $67.1 million

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Xtronic CVT, D-step transmission tuning and 1.6-liter DOHC engine are the key features to point out when demonstrating the  kicks’ efficient performance.

<h3>What is the Kick efficient performance?</h3>

The vehicle's efficient performance is a features that aims to increase the performance of the car engine while being driven.

Hence, the key features to point out when demonstrating the  kicks’ efficient performance includes:

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6 0
2 years ago
On January 1, 2020, Piper Corp. purchased 40% of the voting common stock for of Betz, Inc. for $2,000,000 and appropriately acco
Neko [114]

Answer:

$57,600

Explanation:

The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-

Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)

= ($720,000 - $240,000) × 40%

= $480,000 × 40%

= $192,000

Now, the rise in Piper's deferred income tax liability for this temporary difference is

Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate

= $192,000 × 30%

= $57,600

6 0
3 years ago
You are given the three dates shown below. if you add up the year in which each date occurred and the month in which each date o
qwelly [4]
Sorry you need a little more detail for your question.
3 0
3 years ago
BrainTrust Company produces and sells educational toys for children. In pricing its product, the company needs to make sure it p
gayaneshka [121]

Complete Question:

BrainTrust company produces and sells educational toys for children. In pricing its product, the company needs to make sure it properly estimates its costs. The company can safely estimate that transportation is what percentage of total distribution cost?

a. 50%

b. 75%

c. 30%

d. 100%

Answer:

a. 50%

Explanation:

In this scenario, BrainTrust Company produces and sells educational toys for children. In pricing its product, the company needs to make sure it properly estimates its costs. The company can safely estimate that transportation is 50% of total distribution cost.

In supply chain management, the total distribution cost can be defined as the overall expenses incurred by a manufacturer in the process of delivering finished goods and services from the production stage to the final consumer. The total distribution cost can either be direct or indirect expenses incurred on insurance, handling, storage, shipping, packing and logistics.

<em>Generally, the total amount spent on the movement of goods and services from one location to another, usually accounts for half (50%) of the overall expenses incurred in total distribution cost. </em>

8 0
3 years ago
North america is about 80% urbanized. this mean that about 75% of north american
777dan777 [17]
<span>North america is about 80% urbanized. this mean that about 75% of north american people live in cities. also the population is very less compared to the land area. May be people would prefer to live in urban areas rather living in rural or forest areas. this condition is helpful in preserving forest and natural resources. the only problem is the quality of living in urban areas will be poor compared to rural areas.</span>
8 0
3 years ago
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