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Free_Kalibri [48]
3 years ago
14

The following information pertains to Hopson Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/13 $7

2,000 Assumed discount rate 10% Service costs for 2013 $28,000 Pension benefits paid during 2013 $15,000 If no change in actuarial estimates occurred during 2013, Hopson's projected benefit obligation at December 31, 2013 was
Business
1 answer:
lilavasa [31]3 years ago
8 0

Answer:

$92,200

Explanation:

Calculation for Hopson's projected benefit obligation at December 31, 2015

Using this formula

Projected benefit obligation=Actuarial estimate of projected benefit obligation + Service costs +(Actuarial estimate of projected benefit obligation × Discount rate)- Pension benefit

Let plug in the formula

Projected benefit obligation= $72,000 + $28,000 + ($72,000 × .10) -$15,000

Projected benefit obligation=$72,000 + $28,000 + $7,200-$15,000

Projected benefit obligation= $107,200-$15,000

Projected benefit obligation=$92,200

Therefore Hopson's projected benefit obligation at December 31, 2015 will be $92,200

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Explanation:

When you purchase a stock of a company, you do it because you expect the company to grow and have good financial results. If the company has a good financial statement at the end of the year, it will pay you a dividend, which is the proportion of the company's profits in relation to the number of shares that you possess.

For example, if company ABC earned a $1,000,000 profit in 2019, and you own 1% of shares, the dividend that you would recieve is : $1,000,000 x 1% = $10,000

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Explanation:

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JulijaS [17]

Answer:

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<h3>What is the significance of marketing laws?</h3>

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