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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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Answer: Coefficient of elasticity of supply is 0.75.

Explanation:

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e_{s} = \frac{Percentage change in Quantity supplied}{Percentage change in price}

=\frac{15}{20}

=0.75

Therefore, coefficient of elasticity of supply is 0.75. Since it is less than 1 we can infer that supply for this good is relatively inelastic.

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Wilturner Company incurs $88,000 of labor related directly to the product in the Assembly Department, $37,000 of labor related t
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Answer:

Explanation:

The journal entry that would include is shown below:

Work in Progress inventory A/c Dr           $125,000

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Types of Discrimination :

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