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sdas [7]
3 years ago
8

Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined

-benefit pension plan for the year ended December 31, 2021. 1/1/21 12/31/21 Accumulated benefit obligation 3600000 1660000 Net (gains) and losses $ 6670000 $ 148000 Projected benefit obligation 1450000 6855000 Pension assets (at fair value) 0 4036000 The service cost component of pension expense for 2021 is $523000 and the amortization of prior service cost due to an increase in benefits is $113000. The settlement rate is 11% and the expected rate of return is 7%. What is the amount of pension expense for 2021

Business
1 answer:
Setler79 [48]3 years ago
4 0

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

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A life tenant has the to keep the property in good repair and to pay property taxes. the two types of ownership are tenancy in c
givi [52]

Answer:

Terminates

Explanation:

The tenancy agreement binding the joint tenancy becomes void so it is terminated Because it has been bridged.

3 0
3 years ago
Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Tra
antoniya [11.8K]

Answer:

The income should Gaw recognize on this inverstment is $ 16500.

Explanation:

The net income should recognize on inverstment =  $ 110000×15%

                                                                                   = $ 16500

therefore, the income should Gaw recognize on this inverstment is $ 16500.

3 0
3 years ago
An electronics store introduces three new types of music players to its customers. Each of the new music players are priced at $
Sergio039 [100]

Answer: The case of the number nine

Explanation:

Studies have shown that the human brain prefers to buy things whose prices end with the number 9 as opposed to zero such as 10 or 100.

The brain apparently interprets the number 9 at the end of a price to mean that the person is saving money and getting better value by buying the product. In making all three prices end in nine, the electronics store is using this psychological pricing strategy.

4 0
3 years ago
an industry has few or no segments and market niches, thereby precluding the choice of an attractive niche suited to a company's
jonny [76]

Market circumstances that make a focused low-cost or focused differentiation strategy attractive are characterized by:

a. an industry has few or no segments and market niches, thereby precluding the choice of an attractive niche suited to a company's resource strengths and capabilities.

b. high costs or increased difficulty for multisegment rivals to meet the specialized needs of the target market niche and at the same time satisfy the expectations of their mainstream customers.

c. Intense competition from industry leaders in the niche or focused segment.

d. a target market niche that is too small to be profitable and offers low growth potential.

e. few, if any, rivals are attempting to specialize in the same target segment.

<u>Explanation</u>:

Since the question was incomplete before, we find the answer by matching it to the question;

In Market circumstances that make a <u>focused low-cost or focused differentiation strategy</u> attractive are characterized by An industry that has few or no segments and market niches, thereby precluding the choice of an attractive niche suited to a company's resource strengths and capabilities.

5 0
3 years ago
You run the Social Security Administration. What about this chart might worry you?
AURORKA [14]

Answer:

The amount of taxpayers that are part of the "older generation" is slowly rising and is higher than the amount in 1997.

Explanation:

Remember to run a successful government, you must have the income in which to run the government programs. Most of these funds come from taxpayer's. In this case, it is clear that younger people generally make more as well as are generally healthy, leading to a large amount of input of money into the government, with fewer withdrawals. This would give a huge boost to the government budget. Older people on the other hand tend to not work as much, so their taxes are generally lower. They also withdraw more from the Government through Social Security, and so leaves the government with a negative balance from them in most cases.

The chart on the other hand shows a <em>increase of percentage of older people</em>, which leaves a large gap in between the surplus and the spending, leading to a decrease of funding for the government. If this continues, the government would lose money, and would have to cut programs or face collapse. To fix this, they either have to, like stated above, cut programs, or give more taxes. Both are unacceptable to the American Public, which is what makes the government, as well as the average citizen, worried about the US government's funding surplus.

~

8 0
3 years ago
Read 2 more answers
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