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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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A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices
forsale [732]
The right answer for the question that is being asked and shown above is that: "Year 2006." <span>A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices to fall. The </span><span>date that would be considered the peak of this cycle is that Year 2006</span>
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2 years ago
Read 2 more answers
Effective lessons planning helps early childhood teachers
julia-pushkina [17]

Answer

An effective lesson planning helps early childhood teachers in the following;

• It ensures there is alignment across grades

• Prevents teaching from cover to cover

• It enables teachers to know “how to teach”

• Lesson plan improves the confidence of a teacher which teaching

• Effective lesson plan can be used by other instructors to teach

Explanation

There are many benefits of having a well organized and a clear lesson plan for a set of lessons. A good plan will allow for efficiency in learning and teaching. A teacher is therefore advised to adapt the plans in order to respond to questions raised by students in class and serve the needs of the students. It is better to thoroughly prepare but in class teachers should teach the students not the plan.


6 0
3 years ago
A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the
azamat

Answer:

True

Explanation:

A partnership is a type of business owned by two or more individuals known as partners. The partners join forces to exploits their talents and resources and profit from the business. A partnership may comprise of general and limited /silents partners.

The general partner participates in the day to day activities of the business. He or she makes business decisions on behalf of the partnership. Because a general partner is actively involved in managing the business, he has unlimited liability to its obligations. Should the partnership fail to meet its obligation, the assets of a general partner sold to settle the debts. He or she need not have been involved in creating the liability.

5 0
3 years ago
Gross Domestic Product (GDP) is:
Likurg_2 [28]

Answer:

D) The value of all goods and services produced domestically.

Explanation:

G. D. P is the total monetary value of all the final goods and services produced within a country at a particular period. A country's G. D. P can be calculated whether on an  annual basis or quarterly basis, depending on the period in which the country uses as its accounting period. G. D. P is mostly important to a country as it serves as their economic mirror which is used to calculate the country's economic size as well as its growth rate. G. D. P can be calculated using either the country's expenditures, income or production. It can be manipulated during inflation.

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3 years ago
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $
Svetlanka [38]

Answer:

See below

Explanation:

Net income during the year

$59,000

Adjustments:

Depreciation

$27,000

Changes in current assets and liabilities

Less:

Increase in accounts receivables

($32,000)

Increase in inventories

($12,000)

Decrease in accounts payable

$25,000

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