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Ivenika [448]
3 years ago
9

On January 1, 2021, Newlin Co. has the following balances: Projected benefit obligation $3,500,000 Fair value of plan assets 3,0

00,000 The settlement rate is 10%. Other data related to the pension plan for 2021 are: Service cost $300,000 Amortization of prior service costs due to increase in benefits 100,000 Contributions 500,000 Benefits paid 225,000 Actual return on plan assets 395,000 Amortization of net gain 30,000 The balance of the projected benefit obligation at December 31, 2021 is
Business
1 answer:
SpyIntel [72]3 years ago
5 0

Answer:

$3,925,000

Explanation:

Calculation to determine what The balance of the projected benefit obligation at December 31, 2021 is

Projected benefit obligation $3,500,000

Add Service cost $300,000

Add Interest cost $350,000

(3,500,000X.1)

Less Benefits paid ($225,000)

Projected benefit obligation at December 31, 2021 $3,925,000

Therefore The balance of the projected benefit obligation at December 31, 2021 is $3,925,000

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Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not.

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3 years ago
If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?
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Roth IRA account

Explanation:

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3 years ago
a tv retailer suppose that in order to sell a number of tvs the price per unit must follow the model p=600-0.3n
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