1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Stockholders of Dogs R Us Pet Supply expect a 12% rate of return on their stock. Management has consistently been generating an
alexandr402 [8]

Answer:

100%

Explanation:

Stockholders of Dog's R Us Pet Supply expect a 12% rate of return on their stock. Management  has consistently been generating a ROE of 15% over the last 5 years but now believes that ROE  will be 12% for the next five years. Given this the firm's optimal dividend payout ratio is now  100%

8 0
3 years ago
The ______________ ______________ is the result of a series of events that grew out of a perceived need relating to organized re
r-ruslan [8.4K]
That recreation was viewed by society
4 0
3 years ago
You are working on the toll plaza construction phase of the Grand Harbor Tunnel project. You notice that the concrete being pour
Radda [10]

Answer:

Discuss the concerns you have with the supervisor in charge.

Explanation:

It is wrong under the ethics code to ignore a clear sign that an intervention is required be it in business decision making or in this case, construction. It is your obligation to report any abnormality noticed to the supervisor in charge.

4 0
3 years ago
The standard costs and actual costs for direct materials for the manufacture of 3,000 actual units of product are as follows: St
svetoff [14.1K]

Answer:

$2,250 favorable

Explanation:

The direct material price variance is computed as;

= ( Standard price - Actual price ) × Actual quantity

Given that;

Standard price = $8.75

Actual price = $8

Actual quantity = 3,000 units

Direct material price variance

= ( $8.75 - $8 ) × 3,000

= ( $0.75 ) × 3,000

= $2,250 favorable

6 0
2 years ago
Products that a seller sells in other countries are called
IrinaK [193]

Answer:

im pretty sure it is A thx

8 0
3 years ago
Read 2 more answers
Other questions:
  • The objective of a best-cost strategy is to: a. Deliver superior value to value-conscious buyers at a comparatively lower price
    13·1 answer
  • Driving does not require a high degree of awareness in the driving environment. a) true b) false
    6·2 answers
  • How many copies of "The 7 Habits of Highly Effective Teens" has Sean Covey sold?
    15·1 answer
  • INVESTOR Corp. was interested in investing in bonds and, on 01/01/2012 purchased 8% bonds dated January 1, 2012. These bonds had
    7·1 answer
  • All firms in an industry are price takers: Select one:
    12·1 answer
  • Paula owns a variety store in a tourist town. The store recently went online, and the response has been remarkable. The store’s
    8·1 answer
  • "if the weather holds and the utility service has correctly marked the location of the gas, telephone, and electric lines zigzag
    10·2 answers
  • Harrison Corporation is studying a project that would have an eight-year life and would require a $300,000 investment in equipme
    12·1 answer
  • The tiny isolationist nations of Lorland and Zhangia are considering opening their borders to trade with each other. Both nation
    5·1 answer
  • Companies typically prepare ______ financial statements each accounting period.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!