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salantis [7]
3 years ago
5

Presented below is pension information related to MJ Inc. for the year 2021: Service cost $410,000 Interest on projected benefit

obligation 270,000 Interest on vested benefits 120,000 Amortization of prior service cost due to increase in benefits 60,000 Expected return on plan assets 90,000 Actual return on plan assets 100,000 The amount of pension expense to be reported for 2021 is
Business
1 answer:
lara [203]3 years ago
5 0

Answer:

$650,000

Explanation:

Calculation to determine what The amount of pension expense to be reported for 2021 is

Service cost $410,000

Add Interest on projected benefit obligation $270,000

Add Amortization of prior service cost due to increase in benefits $60,000

Less Expected return on plan assets ($90,000)

2021 Pension expense to be reported $650,000

($410,000+$270,000+$60,000-$90,000)

Therefore The amount of pension expense to be reported for 2021 is $650,000

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Answer:im sorry i dont know

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3 years ago
WeeBee Company has three assembly labor dassifications: 5-1, S-2, and S-3. The three dassifications are paid $16, $19, and $22 p
liq [111]

Answer:

b.use the S-2 employee

Explanation:

Calculation for the the most cost-effective solution

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(60/30= 2)

(60/24=2.5)

(60/21=2.857142857)

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($ 16.00/2=$8)

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($ 22.00/2.857142857=$ 7.70)

Ranking

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4 0
3 years ago
Business operations Essay​
juin [17]

Answer:

The description of the given term "Business operations" is provided below.

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6 0
3 years ago
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.15, but management expects to reduce the p
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Answer:

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Explanation:

The computation of the price pay per share today is shown below:

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We simply applied the above formula so that the correct value could come

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A company has the following liabilities at year end: Mortgage note payable; $16,000 due within 12 months $355,000 Short-term deb
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Answer:

The amount that the company should include in the current liability section of the balance sheet is $16,000

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The short-term debt that the company is refinancing with long-term debt is non-current and  deferred tax liability arising from depreciation is also non-current and should be disclosed as such in the Balance sheet after the sub-heading long-term borrowings.

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4 0
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