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zepelin [54]
3 years ago
6

Cullumber Company provides the following information about its defined benefit pension plan for the year 2017. Service cost $ 90

,500 Contribution to the plan 103,300 Prior service cost amortization 10,300 Actual and expected return on plan assets 62,800 Benefits paid 39,700 Plan assets at January 1, 2017 642,100 Projected benefit obligation at January 1, 2017 712,900 Accumulated OCI (PSC) at January 1, 2017 148,800 Interest/discount (settlement) rate 9 % Compute the pension expense for the year 2017.
Business
1 answer:
Llana [10]3 years ago
8 0

Answer:

$102,080

Explanation:

Given that,

Service cost = $90,500

Interest rate = 9 %

Expected return on plan assets = $62,800

Prior service cost amortization = $10,300

Projected benefit obligation at January 1, 2017 = $712,900

Pension expense for the year 2017:

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

= $90,500 + ($712,900 × 9%) - $62,800 +  $10,300

= $90,500 + $64,080 - $62,800 +  $10,300

= $102,080

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Answer:

At this point, the managers of UPS are at the First step in the decision-making process, which is Identifying the problem.

Explanation:

The decision-making process consists of evaluating a particular situation, gathering information, developing plans and taking the necessary steps to make good quality decisions and obtain satisfactory results. This process has seven steps:

  1. Identifying the problem
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  3. Identifying the alternatives
  4. Weighing the evidence
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  6. Implementing actions
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For this particular case, the UPS managers are in the first step of the process. They have <u>identified an issue</u> with their profits <u>and defined a clear path for problem-solving</u>, which is increasing the profit via their existing operating income.

6 0
3 years ago
Where can you go in the Banking Center to review downloaded bank feed transactions that have already been matched to existing tr
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Answer:

Where can you go in the Banking Center to review downloaded bank feed transactions that have already been matched to existing transactions in QuickBooks Online?

a. For Reviewed tab

Explanation:

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5 0
3 years ago
Which of your needs are not being met by businesses and/or nonprofit organizations in your area? Are there enough people with si
mash [69]

The needs that are not being met by business are man power,funds and strategy planning.The non-profit organization are funds.Yes, If you speak to entrepreneurs or non-profit organization they would call and talk about the funds.To find out meet friends whose dad run  businesses and donate at least $10 to an non profit organization.

Explanation:

  • Business has categories, Big caps, mid caps and small caps.
  • Big cap( Organization with huge business like MC Donald.
  • Mid caps ( Organization with employees about 500)
  • Small caps ( SME small medium enterprise about 5 - 10 employees)
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  • They run with employees who are not strategically smart and limited
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  • They are having minimum of that which is the important part.
  • Non-Profit organization have categories to they known and unknown.
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  • Necessity which is apparently still a big problems.
4 0
3 years ago
A broker needs $5950 to pay her irs tax lien. she has the opportunity to list a property at fair market value of $85000. what wo
Lisa [10]
<span>$5950 / $85000 = 7% + 2.8% = 9.8%</span>
7 0
3 years ago
An adjustment factor is determined by:
PtichkaEL [24]

Answer:

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Explanation:

adjustment Factors are resolved for  all properties inside a civil territory.  The Valuer-General may decide  Alteration Factors for characterized classes  of property on a district, territory,  or group of localities basis within a premise inside a  city territory. These are applied to government valuations currently in  force.

In occurrences where a revaluation  is being completed inside a metropolitan  region, utilization of Adjustment Factors won't  be fundamental as the revaluation itself  will be utilized by the applicable experts  in the figuring of rates and expenses.

4 0
4 years ago
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