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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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If you borrow capital to start a business and the money is provided interest-free, then your cost of capital is zero.

True

Explanation:

Reason being that it does not take any cost to secure such capital i.e no interest, then there is no cost for such capital

8 0
3 years ago
What are the steps involved in identificaton of risk analysis?
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d. buyers will make purchases from other sellers

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3 years ago
What factor is usually agreed upon prior to the submission of a purchase order?
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number of products to be purchased

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