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stepan [7]
3 years ago
9

Pension data for Goldman Company included the following for the current calendar year: Service cost $ 100,000 PBO, January 1 750

,000 Plan assets, January 1 800,000 Amortization of prior service cost 6,000 Amortization of net loss 2,000 Discount rate, 8% Expected return on plan assets, 10% Actual return on plan assets, 12% Required: Determine pension expense for the year. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
kirill [66]3 years ago
8 0

Answer:

$88,000

Explanation:

The computation of the pension expense for the year is shown below:

Service Cost  $100,000

Add: Interest Cost  $60,000 ($750,000 × 8%)

Add: Amortization of prior service cost  $6,000

Add: Amortization of net loss $2,000

Less Expected return on plan assets  $80,000 ($800,000 × 10%)

Pension Expense $88,000

We simply deduct the expected return on plant assets and the other values would be added to the service cost so that the pension expense could come

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Arney has been retained by Fluffy Soft Programmers to hire a new worker because he is an expert at personality types and their e
alukav5142 [94]

Answer: Joy, who likes to work hard until a task is completely finished.

Explanation:

From the question, we are informed that Arney has been retained by Fluffy Soft Programmers to hire a new worker because he is an expert at personality types and their effect on job performance.

Out of the options that are given in the question, Arney should hire Joy, who likes to work hard until a task is completely finished. Other options are not good options in this case and wouldn't bring positivity to the organization.

8 0
2 years ago
Remember, a bond’s coupon rate partially determines the interest-based return that a bondwill pay, and a bondholder’s required r
Vedmedyk [2.9K]

COMPLETE QUESTION:

Fill in the Blank:

Remember, a bond's coupon rate partially determines the interest-based return that a bond ______ pay, and a bondholder's required return reflects the return that a bondholder _______ to receive from a given investment.

Answer:

will, would like

Explanation:

The answers above correctly fills in the blanks in the question.

Remember, a bond's coupon rate partially determines the interest-based return that a bond WILL pay, and a bondholder's required return reflects the return that a bondholder WOULD LIKE to receive from a given investment.

6 0
2 years ago
Unit cost of materials for a department using the FIFO method of process costing is found by taking the total cost of materials
Brrunno [24]

Answer:

b. equivalent units of output.

Explanation:

In the production process there are various kind of inventory, that is raw material inventory, work in process and then the finished inventory.

Thus, there is this equivalent units concepts which calculates the completed units that would have been produced in case of no work in process.

Thus, when we use FIFO method and we want to calculate the unit cost of materials assuming inventory of raw material is also added in stages rather than completely adding it as a first step itself, the correct equation = Total cost of materials/equivalent units of output.

6 0
3 years ago
Sheridan Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019
gizmo_the_mogwai [7]

Answer:

$1,440 per machine

Explanation:

The computation of the cost per machine is shown below:

= Total cost ÷ number of machine completed

where,

Total cost = Material cost + direct labor cost + manufacturing overhead applied cost + beginning work in process cost - ending work in process cost

= $15,000 + $11,000 + $7,000 + $11,000 - $8,000

= $36,000

And, the number of machine completed is 25

So, the cost per machine is

= $36,000 ÷ 25 machines

= $1,440 per machine

4 0
2 years ago
Colin and Natalie orally agreed with Medical Center X for an in vitro fertilization procedure that would not result in the birth
Nadusha1986 [10]

Answer:

c. The medical center will prevail based upon the written contract

Explanation:

Since they later signed a written contract where it is stated in paper and has their signature that the medical center could not assure nor take any responsibilities for the birth of a kid without any medical, mental or physical defects the medical center has the upperhand on the court, as well as they did in Scalisi et al. v. New York University Medical Center that promised a perfect designed baby, the Scalsi decided for invitro fertilization because of the wife´s family medical history and tendency to autism, and they ended up with a baby with autism, so they sue the New York University Medical center, but the court sided with the NYUMC because of the written contract where it stated that they couldn´t assure the baby to be born without any medica, mental or physical defects.

5 0
2 years ago
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