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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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Ahnberg Corporation had 680,000 shares of common stock issued and outstanding at January 1. No common shares were issued during
liberstina [14]

Answer:

EPS is $2.9 per share

Diluted EPS is $1.54 per share

Explanation:

Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.

Basic EPS = (Net Income - Preferred dividends) / Weighted Average numbers of share

Basic EPS = ($2,152,000 - $180,000) / 680,000 = $2.9 per share

Diluted earning per share is calculated by adjusting all the convertible share options or securities in the outstanding share.

Diluted EPS = (Net Income - Preferred dividends) / Diluted numbers of share

Diluted EPS = ($2,152,000 - $180,000) / ( 680,000 + 600,000 )

Diluted EPS = $1.54 per share

8 0
3 years ago
Savings accounts are usually not the best option when it comes to saving for retirement. Why? Most savings accounts do not pay e
densk [106]

The answer is B, tho I could also understand C, I am pretty sure it’s B.

4 0
3 years ago
Read 2 more answers
Shareholders are sometimes referred to as disenfranchised, or having synthetic ownership . What does this mean
artcher [175]

When shareholders are referred to as disenfranchised or having synthetic ownership it means that the shareholders while owning the majority stock have the real right in selling the stock and not in possession.

<h3>What is disenfranchised or synthetic ownership of stock?</h3>

Disenfranchise or synthetic ownership means that shareholders do not own the underlying stock but have the right to sell, thereby providing them with consistent cash flows.

Thus, when shareholders are referred to as disenfranchised or having synthetic ownership it means that the shareholders while owning the majority stock have the real right in selling the stock and not in possession.

Learn more about stock ownership at brainly.com/question/25818989

3 0
3 years ago
A business that repairs major appliances charges a flat fee and hourly amount plus the cost of any needed parts. they know that
nikdorinn [45]
Error in true mean = +/-Z*\frac{s}{ \sqrt{n} }

Where; Z=2.58 at 99% confidence interval, s= sd = 0.25 hours, n=sample population = 60 refrigerators

Therefore;

Margin of error = +/-2.58*\frac{0.25}{ \sqrt{60} } = 0.0832 hours
5 0
4 years ago
All of the following costs are likely to decrease as a result of better quality EXCEPT: a. customer dissatisfaction costs. b. in
Margaret [11]

Answer:

The correct answer is letter "E": maintenance costs.

Explanation:

As a result of improving products' quality, maintenance costs tend to rise. This scenario arises because the materials or knowledge necessary to improve the quality of the products tend to come with higher prices that companies are pushes to incur to keep customer satisfaction at its maximum level possible.

5 0
3 years ago
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