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Tomtit [17]
3 years ago
9

A company's defined benefit pension plan had a PBO of $265,000 on January 1, 2018. During 2018, pension benefits paid were $40,0

00. The discount rate for the plan for this year was 10%. Service cost for 2018 was $80,000. Plan assets (fair value) increased during the year by $45,000. The amount of the PBO at December 31, 2018, was:
Business
1 answer:
anastassius [24]3 years ago
4 0

Answer:

$331,500

Explanation:

The computation of the ending balance of the pension benefit obligation is shown below:

= Opening balance of PBO + service cost + interest cost - pension benefits

= $265,000 + $80,000 + $26,500 - $40,000

= $331,500

The computation of the interest cost is shown below:

= Opening balance of PBO × discount rate

= $265,000 × 10%

= $26,500

The increased value of the plan assets would be ignored.

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Groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers are called _________
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Answer:

c

Explanation:

Multinational market regions are groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers.

Types of multinational market regions

  1. Regional Cooperation Groups.
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  3. Customs Union.
  4. Common Market  
  5. Political Union
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For many years there have been efforts to organize teaching assistants on college campuses and form a union. often these efforts
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Social movement theory.  Due to lack of resources, it is hard for these groups to form a union. To form a union and have a successful social movement, there needs to be an abundance of resources to successfully create a union. A union is formed when a group of workers want to protect their rights in the interest of labor.
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In the global economy, organizations often must ________ their products to the language, customs, and culture of many different
valentinak56 [21]

In the global economy, organizations often must localize their products to the language, customs, and culture of many different countries.

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5 0
1 year ago
Machine A has an initial cost of $6,000 with total annual maintenance costs of $750. Machine B has an initial cost of $8,500 wit
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When the initial cost of Machine A is $6,000 and that of Machine B is $8,500, then both the machines will have the same current value at the end of 10 years.

<h3>What is the meaning of current value?</h3>

The present market value of an asset that prevails in the market is known as the current value of an asset. Using the given conditions, the current value will be the same as computed under,

\rm Cost\ of\ Machine\ A\ + Maintenance\ Cost(Interest\ Rate)= Cost\ of\ Machine\ B\ +Maintenance\ Cost(Interest\ Rate)

Putting the given value and solving further we get,

\rm Current\ Value\ x\ 7.25\ x\ 10\% = \dfrac{2500}{345}\\\\\rm Current Value= 10

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5 0
1 year ago
Grossnickle Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today,
Aleks04 [339]

Answer:

correct option is e.  $1,232.15

Explanation:

given data

Future value = $1,000

Rate of interest = 5.5%

NPER = 19 years

annual coupon bonds = 7.5%

solution

We will use here Present value formula for get current price of the bonds.

so  here PMT is

PMT = Future value  × annual coupon bonds   ................1

put here value

PMT = $1,000 × 7.5%

PMT = $75

The formula we use in excel =  -PV(Rate,NPER,PMT,FV,type)

so we will get here

after solving we get current price of the bond is $1,232.15

correct option is e.  $1,232.15

6 0
3 years ago
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