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Gala2k [10]
4 years ago
5

The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC).

Business
1 answer:
Fittoniya [83]4 years ago
8 0

Solution:

Service cost (from pension expense column) = $89 = ($89) in the PBO column

Interest cost (from pension expense column) = $32 = ($32) in the PBO column

Loss on PBO (given) = ($34)

Retiree benefits (from plan assets column) = ($61) = $61 in the PBO column

Ending PBO = ($670) + (89) + (32) + (34) + 61 = ($886)

Net pension liability = ($886) + 331 = ($555)

Net pension asset of $555.00 was the balance of the net pension asset/liability reported in the balance sheet at the end of the previous year

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Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
Lady bird [3.3K]

Answer:

C. $12,500

Explanation:

Please keep in mind that, annual depreciation expense is caluclated as below:

Depreciation expenses = (Original cost - Salvage value)/Expected useful life                                    

Putting all the number together, we have:

Depreciation expenses = (90,000 - 15,000)/6 = 12,500.

So the correct answer is C. $12,500

8 0
4 years ago
The annual maintenance cost of a monument in the state capital is estimated to be $4850. A perpetual i fund of $100,000 is set u
zimovet [89]

Answer:

4.76%

Explanation:

P[(1+i/4)^4 - 1] = A

$100,000*P[(1+i/4)^4 - 1] = $4,850

[(1+i/4)^4 - 1] = $4,850/$100,000

[(1+i/4)^4 - 1] = 0.0485

(1+i/4)^4 = 0.0485 + 1

(1+i/4)^4 = 1.0485

(1+i/4) = 1.0485^(1/4)

(1+i/4) = 1.01191

i/4 = 1.01191 - 1

i/4 = 0.01191

i = 0.01191*4

i = 0.04764

i = 4.76%

6 0
3 years ago
Ruth executes a will in 2012 naming her nephew stan as sole beneficiary. in 2014, ruth executes another will, naming her niece t
Slav-nsk [51]

Stan and Tammy will share the estate in equal shares. You are able to have as many beneficiaries as you name, due to this and no change in the first will, both will be heirs to the estate. If Ruth were to have revoked the first will, then it would have left Tammy the sole beneficiary.

5 0
3 years ago
How does the life stage impact the culture of the organization?
Gnesinka [82]
Do you have answer choices?
3 0
4 years ago
Alexander Industries is considering a project that requires an investment in new equipment of $3,200,000, with an additional $16
Yakvenalex [24]

Answer:

The total cost is 3,360,000 and consiste of the proce of the new equipment plus the shipping and installtion cost. In contrast, Alexander's initial investment outlay are liabilities.

Explanation:

acquisition cost + shipping and installation cost = equipment value

3,200,000  + 160,000 = 3,360,000

The increase in liablities, will be that, liabilities, not cost, because is not associate with the equipment being ready to use. The equipment is ready to use, once is installed. so shipping and installment cost should be activated, not the accruals and account payable.

8 0
4 years ago
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