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Lerok [7]
3 years ago
11

Pearsall Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO r

eport from the actuary. The following information was included in the report: ending PBO, $113,000; benefits paid to retirees, $14,500; interest cost, $7,500. The discount rate applied by the actuary was 10%. What was the service cost for the year
Business
1 answer:
dedylja [7]3 years ago
4 0

Answer:

$45,000

Explanation:

Calculation to determine the service cost for the year

PBO, $113,000

Add benefits paid to retirees, $14,500

Less interest cost ($7,500)

Less Beginning PBO ($75,000)

($7,500/0.1)

Service cost $45,000

($113,000+$14,500-$7,500-$75,000)

Therefore the service cost for the year will be $45,000

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3 Balance sheet items for Nadew Travel Service were as follows at Dec. 31, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Acc
deff fn [24]

Answer

1, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Accounts receivables 52,000 Notes payable 100,900 Building 54,800

Explanation:

5 0
2 years ago
The government supports the broadcasting and entertainment industry in canada in order to __________.
Juliette [100K]

the answer is: B. Promote a distinct Canadian culture and avoid saturation by U S programming

The entertainment industry in Canada surpass 15 Billion dollars in Gross Domestic Product each year. If the Canadian government does not support it, the huge chunk of Canadian economy would be taken by companies form united states (which is the most dominant force in entertainment industry globally).

Beside the economic benefit, When programs from Canadian entertainment is watched by people form other country, Canada could promote its culture and improve its relationship with people from different cultures.

9 0
3 years ago
Read 2 more answers
If there is an excess of expenses over revenues, the excess represents a ________.
Vinvika [58]

<span>The excess is called a net loss. Net loss happens when the amount of expenses exceeds the amount of revenues generated. Net loss is the difference between the revenue and expenses wherein the expenses is bigger than the revenues. The excess is the amount of money the company had overspent. </span>

3 0
4 years ago
Jasper Carts manufactures custom carts for a variety of uses. The following data have been recorded for Job 651, which was recen
SpyIntel [72]

Answer:

The right answer is "$14,496".

Explanation:

The given values are:

Direct material cost,

= $7700

Labor hours,

= 178

Wage rate,

= $22 per hour

Machine hours,

= 90

Predetermined overhead rate per machine,

= $32

Now,

The direct labors cost will be:

= Labor \ hours\times wage \ rate

= 178\times 22

= 3,916 ($)

Mfg. overhead costs will be:

= Machine \ hours\times Predetermined  \ overhead \ rate

= 90\times 32

= 2,880 ($)

So,

The total manufacturing cost will be:

= 7700+3916+2880

= 14,496 ($)

3 0
3 years ago
Pricing Blank______ frequently reflect corporate goals, while pricing Blank______often relate to conditions existing in the mark
nasty-shy [4]

Pricing objectives frequently reflect corporate goals, while pricing constraints often relate to conditions existing in the marketplace.

Pricing objective or goals give direction to the whole pricing process. While deciding on the pricing objectives you must consider the following:

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*the resources you have available

*consumer price elasticity and price points

*and, the objectives of your product or brand.

Pricing constraints are the factors that limit the latitude of prices that a enterprises sets.

Pricing objectives involves specifying the role of price in enterprise marketing and strategic plans whereas pricing constraints are the factors that limit the range of prices a firm may set.

Learn more about pricing constraints here.

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7 0
2 years ago
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