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
labwork [276]
4 years ago
14

Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO repo

rt from the actuary. The following information was included in the report: ending PBO, $112,000; benefits paid to retirees, $10,000; interest cost, $7,500. The discount rate applied by the actuary was 10%. What was the service cost for the year
Business
1 answer:
Andreyy894 years ago
4 0

Answer: $39,500

Explanation:

Service Cost for the year = Ending PBO - Opening PBO - Interest cost + Benefits paid

<u>Opening PBO</u>

Opening PBO is the amount that the interest was charged on.

Discount rate of 10% came out to be $7,500.

The opening balance = 7,500/10%

= $75,000

Service Cost = 112,000 - 75,000 - 7,500 + 10,000

Service Cost for the year = $39,500

You might be interested in
what are five ways you can make sure the customers experience is the best that can possibly turn them into a loyal customer?
DanielleElmas [232]

Answer:

Here is 6 ways

Explanation:

1. Set up ways to communicate with your customers

2. Provide extra perks for your most loyal customers

3. Consider different payment plans

4. Provide great customer service

5. Don’t rely too much on technology

6. Offer a head start

8 0
3 years ago
Suppose a perfectly competitive firm is producing 37 units output, and the marginal cost of the 37th unit is $3. If the firm can
sesenic [268]

Answer:

C) increase production.

Explanation:

Competitive firms maximize their accounting profits when marginal revenue (MR) = marginal cost (MC).

In a perfectly competitive market, all the producers and the consumers are price takers, so they cannot change the price of the goods. So changing the sales price is not possible. Since the marginal revenue is greater than the marginal cost, the firm should increase its production output until MR = MC.

6 0
3 years ago
What should you do if your manager has to leave the office to attend to personal business? A. Let the call go directly to voicem
IRINA_888 [86]
Best answer is that I can think of is probably C
4 0
3 years ago
Read 2 more answers
Larry, the sole shareholder of Brown Corporation, sold his Brown stock to Ed on July 30 for $270,000. Larry's basis in the stock
Mrac [35]

Answer:

$180,000

Explanation:

Given that

Current E & P = $240,000

Distribution to Larry = $450,000

The computation of current E & P is allocated to Larry's distribution is shown below:-

Current E & P is allocated to Larry's distribution = (Current E & P × Distribution to Larry) ÷ Total distribution

= ($240,000 × $450,000) ÷ $600,000

= $108,000,000  ÷ $600,000

= $180,000

3 0
3 years ago
Which type of tax analytics provide insight creating a trend analysis for sales and use tax paid in different locations would he
sashaice [31]

Based on the information given, it can be inferred that the type of tax that is illustrated is known as the <u>diagnostic analytics.</u>

Diagnostic analytics simply means a form of advanced analytics that is vital for the examination of data in order to be able to answer the question "why did it happen?"

It should be noted that diagnostic analytics takes a deeper look at the datas in order to understand the causes of events and to help answer some workforce questions.

Read more about tax on:

brainly.com/question/25815069

6 0
2 years ago
Other questions:
  • Doodle inc., a renowned interior design services company, tries to increase its customer base through web presence. it regularly
    12·1 answer
  • Pretax financial statement income for the year ended December 31, 2018, was $25 million for Scott Pen Company. Scott’s taxable i
    7·2 answers
  • Other things the same, a decrease in the price level makes consumers feel a. more wealthy, so the quantity of goods and services
    15·1 answer
  • The overhead volume variance relates only to
    10·1 answer
  • Lomani Ltd acquired two new machines for cash on 1 January 2017. The cost of machine A was $400 000, plus GST, and of machine B,
    13·1 answer
  • The average American’s real income today is about four times what it was in _________.
    7·1 answer
  • lue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard Price Direct materials 2.2 pou
    9·1 answer
  • (5) Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility
    10·1 answer
  • The Blue Lagoon has a return on equity of 23.62 percent, an equity multiplier of 1.48, and a capital intensity ratio of 1.06. Wh
    6·1 answer
  • In a sweezy oligopoly, the profit-maximizing level of output occurs where:_____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!