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
ivolga24 [154]
4 years ago
14

Fox Co. maintains a defined benefit pension plan for its employees. For the fiscal year ended December 31 of the current year, i

t reported a pension liability. This liability is the amount by which the ________.
Business
1 answer:
defon4 years ago
5 0

Answer:

Liability is the amount through which the projected benefit obligation is greater than the fair value of the plan assets.

Explanation:

Defined benefit pension plan is the plan which the company used for the  pension payments of employees and are calculated or evaluated as per the length of the service as well as the salary, which employees earned during the time of retirement.

The liability in defined pension plan is the liability which the increase the each period through an equal amount to the expense as the company does not fund the other post retirement benefit plan.

And if the projected benefit obligation exceed the fair value of the plan assets of pension, then the prepaid or accrued pension cost is recorded as the liability.

You might be interested in
What is the amount of tax paid for the year?
Hatshy [7]

Answer:

$4,500

Explanation:

Interest expense is deductible so, you will need to <u>deduct the amount of interest</u> expense from income, and then calculate the percentage of taxes to pay.

Interest paid (deductible) = .05* 100,000 = 5,000

Income - interest expense: 20,000-5,000 = $15,000

Taxes: .3 * 15,000 = $4,500

3 0
4 years ago
To pay for your​ education, you've taken out ​$29,000 in student loans. If you make monthly payments over 10 years at 7 percent
Scrat [10]

Answer:

$169.07

Explanation:

Data provided in the question:

Loan amount = $29,000

Time  = 10 years

Interest rate = 7% compounded monthly

Therefore,

Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583

number of periods, n = 10 × 12 = 120 months

Now,

Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]

on substituting the respective values, we get

$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]

or

$29,000 = Monthly payments × 171.53

or

Monthly payments = $169.07

7 0
3 years ago
Assume the reserve requirement is 10%. First National Bank received a deposit of $5,400. If there no slippage, how much could th
natta225 [31]
<span>Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.</span>
4 0
4 years ago
One industry with a reputation for less-than-stellar customer service is that of the nation's pay-tv providers. much of the terr
musickatia [10]
<span>In order to cut costs, most of the pay TV providers have incorporated large call centers where they hire poorly trained and low paid employees to answer customer calls. These employees lack incentive and generally don't care much about customers. One exception to the rule is DirecTV. They are known for the best customer service record in the industry. It uses outsourcing, but they have motivation, something lacking from other providers. Their reps get free satellite TV in their homes once they have been on the job for three months and are invited to special DirecTV events where they have chances to meet and greet celebrities and NFL stars. They are also given the ability to handle complaints themselves rather than just listening, noting and transferring calls.</span>
5 0
3 years ago
In their evaluation of his performance as a trainer in the sales department of Pharmex, Heath's supervisors look at such factors
belka [17]

Answer: B. Job performance

Explanation:

Job performance simply means the level to which the job responsibilities of an employee is being successfully fulfilled by the person.

Since the factors being evaluated are the amount of time that the trainer spends with each of his trainees, the coverage of key points, his success rate in turning out trained salespeople within the amount of time allotted etc, then it can be infer that his job performance is being evaluated.

3 0
3 years ago
Other questions:
  • An in-depth interview:
    8·1 answer
  • Meena Chavan​ Corp.'s computer chip production process yields DRAM chips with an average life of 1,600 hours and sigma ​= 80 hou
    14·1 answer
  • ________ is an example of a period cost rather than a product cost for a manufacturing company. A : Depreciation on factory equi
    14·1 answer
  • Which of the following describes a situation in which a shortage occurs?
    5·1 answer
  • A useful way to understanding the purpose of strategy is to think of the firm as a(n) ________, composed of a series of distinct
    11·1 answer
  • A car dealership can offer a $36,000 car under a special promotion with four years financing at 0%, or can offer a discount off
    6·1 answer
  • You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local librar
    12·1 answer
  • Swifty Corporation estimates its sales at 190000 units in the first quarter and that sales will increase by 11000 units each qua
    11·1 answer
  • Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT INPUT 49,200 cages Production time 630
    10·1 answer
  • M Corp. has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. Vacation days can
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!