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labwork [276]
3 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:
Andreyy893 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

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When Steve is talking about his communications with employees, he says, "I constantly check in." The information Steve gets from
MArishka [77]

Answer:

Upward communication

Explanation:

Based on this information it can be said that this is an example of Upward communication. This is a form of communication that encourages employees to communicate directly with their upper management in order to create a sense of importance in employees as they begin to realize that the upper management cares about their thoughts and input. Which is what Steve is cultivating by having regular check-ins

8 0
3 years ago
The Internal Rate of Return (IRR) represents which of the following: Multiple Choice The discount rate that must be lower than t
zmey [24]

Answer:

The discount rate that makes the net present value equal to zero.

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

It is the discount rate that makes the net present value equal to zero.

I hope my answer helps you

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2 years ago
"refer to your way, inc. what type of products is sold at your way?"
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Your way, inc is a furniture store located in Dallas, Texas, United States, it makes unique and fine pieces of furnitures, they also repair and recover them. 
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3 years ago
Which hipaa standard requires providers and their business associates to put in place policies and procedures that ensure privac
mel-nik [20]
HIPAA's Security Rule at §164.308 - Administrative safeguards starts with (a) "A covered entity or business associate must, in accordance with §164.306", and then continues to make various calls to "Implement policies and procedures" ...
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7 0
3 years ago
The current spot exchange rate is $1.55 = €1.00; the three-month U.S. dollar interest rate is 2 percent. Consider a three-month
Elan Coil [88]

Answer:

The least that this option should sell for is $3,125.

Explanation:

Acording to the data, we have the following:

The current spot exchange is $1.55=€1.00

The call option has a strike price of $1.50=€1.00 and spot price is €62,500

Hence,to calculate  the least value this option should sell for we have to calculate the following:

$1.55-$1.50=$0.05

Hence, $0.05*62,500= $3,125.

8 0
2 years ago
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