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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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When individual investors become aware of overseas investment opportunities and are willing to diversify their portfolios intern
kvv77 [185]

Answer:

b. They benefit from an expanded opportunity set.

Explanation:

Recently, financial market have become highly integrated, which help investor  to diversify their portfolios internationally.

International portfolio help the investor to focus on foreign market´s securities to invest, it add exposure of portfolio to the growing and developed market. As firm is going global to expand opportunity set, so that it can earn more benefit out of diversified market, similarly, investor are going global by diversifying their investment opportunity.

7 0
3 years ago
Read 2 more answers
Free-Flo Pipes & Plumbing Corporation is a private employer involved in an employment discrimination suit under the Civil Ri
Natasha_Volkova [10]

Answer:

acted with malice or reckless indifference.

Explanation:

Employment discrimination.is one that is as a result of am employer's race, gender, religion, national origin, disability, age, sex, orientation, and gender by an employer.

Under the Civil rights act of 1964 Free-Flo Pipes & Plumbing Corporation will be liable if they acted with malice or reckless indifference.

All employees must be able to express themselves and work freely without being targeted in a wrong way by employers.

3 0
3 years ago
32. What is a predatory financial service?
Tresset [83]
<h2>Answer:</h2>

<h3>Predatory lending typically refers to lending practices that impose unfair,selective, or abusive loan term on borrowers.</h3>

<h2>Explanation:</h2>

<h3>Hope It's Help</h3>

<h3>#Carry On Learning</h3>

8 0
3 years ago
During its first year of operations, the owner of Lupo Company invested $15,000 in the business and withdrew $2,000. The company
Anni [7]

Answer:

$25,000

Explanation:

Lupo Company's equity = owner's equity + retained earnings

  • owner's equity = $15,000 (initial investment) - $2,000 (withdrawal) = $13,000
  • retained earnings = net income = total revenue - total costs = $35,000 - $23,000 = $12,000

Lupo Company's equity = $13,000 + $12,000 = $25,000

4 0
3 years ago
Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI
umka21 [38]

Answer: $2,500

Explanation:

The American opportunity tax credit (AOTC) is a measure by the IRS that is a credit for QUALIFIED education expenses paid on Eligible students.

A maximum of $2,500 in credit can be acquired per eligible student.

To qualify for the full amount of this tax credit, your Modified Adjusted Gross Income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly).

The Shaws are married and file jointly with a MAGI of $148,000 which is less than the $160,000 limit which means that they are due for the entire credit amount of $2,500 as they pay education expenses for their ONE dependant child assuming Dante meets the various eligibility criteria.

The amount of the Shaws' American Opportunity credit for the year is $2,500.

If you need any clarification, do comment. Cheers.

6 0
4 years ago
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