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alina1380 [7]
3 years ago
6

Presented below is pension information for Ceylan Inc.for the year 2019: Service cost $82,000 Interest on projected benefit obli

gation 56,000 Interest on vested benefits 20,000 Amortization of prior service cost due to increase in benefits 12,000 Expected return on plan assets 18,000 The amount of pension expense to be reported for 2019 is
Business
1 answer:
Advocard [28]3 years ago
3 0

Answer:

$132,000

Explanation:

Particulars                                                              Amount

Service cost                                                           $82,000

Add: Interest on projected benefit obligation     $56,000

Add: Amortization of prior service cost               $12,000

due to increase in benefits

Less: Expected return on plan assets                  <u>($18,000)</u>

Pension expense                                                   <u>$132,000</u>

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<h3>What is mean?</h3>

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<h3>What is the Median?</h3>

The median is a term used to represent the middle value in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the median is 1 because it is the middle for this set of numbers counting from left to right.

<h3>What is the mode?</h3>

The mode is a term that refers to the most frequently repeated value in a given set of numbers. For example, given a set of numbers 5, 1, 1, 1, and 4, the mode in the set is 1 since it occurs most, exactly three times.

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You can learn more about the concepts of Mean, Median, and Mode here brainly.com/question/14532771

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5 0
2 years ago
"Which of the following is NOT a symptom of potential investment scams? a.Pressures to get in early on the investment. b. A busi
Simora [160]

Answer: Promise of returns comparable to Treasury bonds.

Explanation: Treasury bonds are debt security assets bought from the government of the United States which have a fixed interest rate, and a maturity period of about 10 years. They are very safe form of investment with little risk involved.

An investment with returns similar to that of treasury bonds, can be a legit form of investment because the interest rate is relatively reasonable.

6 0
3 years ago
Typically, the government limits the quantity of a good that can be bought and sold by: setting a price floor below the equilibr
natka813 [3]

Answer:

Setting a price floor below the equilibrium price.

Explanation:

To begin with, it is essential to understand some key concepts:

1. Price floor - can be regarded as the least price that can be established for a category of products in the market.

2. Price Ceiling, on the other hand, can be regarded as the price cap to ensure price of a commodity does not rise above a certain level.

Essentially, price floor and price ceiling are two elements of price control.

Equilibrium price can be regarded as price at which quantity demanded equals quantity supplied.

Equilibrium price is thus the optimum and best combination of demand and supply that could give an optimum return. Any price short of the equilibrium price is often at the risk of the seller.

Thus, setting a price floor below the equilibrium price is tantamount to reducing the interest of the seller in selling such products. Ultimately, this reduces the amount of goods available in the market, while the demand will be enormous, owing to the lower price floor. The implication is that the quantity that can be bought or sold has been effectively curtailed by the government.

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7 0
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Answer:

True

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Answer:

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