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jok3333 [9.3K]
3 years ago
6

Pearsall Company's defined benefit pension plan had a PBO of $268,000 on January 1, 2021. During 2021, pension benefits paid wer

e $43,000. The discount rate for the plan for this year was 11%. Service cost for 2021 was $85,000. Plan assets (fair value) increased during the year by $46,000. The amount of the PBO at December 31, 2021, was:
Business
1 answer:
wlad13 [49]3 years ago
8 0

Answer:

The correct answer is $339,480.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the PBO at Dec.31 by using following formula:

PBO Dec.31 = PBO on Jan 1,2021 + Service cost + Interest - pension benefits paid

Where, Interest = 11 % × $268,000 = $29,480

By putting the value we get

PBO, Dec.31 = $268,000 + $85,000 + $29,480 - $43,000

= $339,480

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rosijanka [135]

In most cases, the business owners are <u>unwilling to take the time</u>. Market research is incredible important when running a business, and by not doing it, you are going into a market that you have no idea about. This can hurt the business in the short-term because they won't know which demographics to serve, how the location they're in contributes to their sales, what products or services are popular, and if there is a lot of competition in their market. All these can have negative impacts on the business and it's why market research is so important!

It can also be because <u>they don't know how to do it</u>. Most business owners don't really know how to research demographics and competition, so they tend not to do it, or hire others who how to do it.

8 0
2 years ago
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Why did Tonya's lender most likely deny her credit?
vagabundo [1.1K]

Creditors will decline your request for credit if they see that your income is insufficient to cover your debts.

Lenders will be reluctant to approve a loan if you have a bankruptcy on your credit report since it increases the risk involved.

Thus, Option B is correct.

<h3>Who makes the decision about your credit application?</h3>

Your information is provided to the credit reporting bureau, but the lender ultimately decides whether or not to extend credit.

The best course of action is typically to speak with the lender directly if you require more details especially regarding your denial.

For more information about Credit application refer to the link:

brainly.com/question/21237270

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3 0
2 years ago
Seth Silver had the following items of income during the taxable year: Interest income from a checking account $1,000 Interest i
34kurt

Answer:

c. $3,800

Explanation:

Calculation for the amount of taxable income

Using this formula

Taxable income =Interest income from a checking account+Interest income from corporate bonds +Interest income from federal bonds

Let plug in the formula

Taxable income =$1,000+$2,050+$750

Taxable income=$3,800

Therefore on his current year tax return the amount of his taxable income will be $3,800

6 0
2 years ago
In Spring 2018, Parmac Engineering Company signed a $160 million contract with the city of Parkersburg, to construct a new city
marta [7]

Answer:

By using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018

Explanation:

Percentage-of-completion method : Under this method,

First we have to calculate the percentage which is based on current period cost to total period cost.

After that, multiply the percentage with the revenue so that we get to know how much revenue is being recognized during an particular year.

In mathematically,

Estimated Cost percentage =  current period cost ÷ total period cost

                                              = $48 million ÷ $120 million

                                              = 40%

Now,

Revenue recognized = Estimated cost percentage × Revenue

                                   = 40% × $160 million

                                   = $64 million

Hence, by using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018

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3 years ago
Wreckorp wants to maintain an exclusivity image for its product line of sports equipment. It limits its distribution to 100 stor
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Based on the fact that Wreckorp wants to maintain an exclusivity image and limits its distribution to 100 stores in each region, it is Impossible to determine legality based on the information provided.

<h3>Are Wreckorp's actions legal?</h3>

It is not possible to know if Wreckorp's actions are legal or illegal because the information provided does not give the full facts.

The actions of Wreckorp may be legal if no region is being disadvantaged but it could be illegal if this is the case. More information is therefore needed.

Options for this question are:

  • Strictly illegal
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Find out more on the legality of business actions at brainly.com/question/4556120.

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6 0
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