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ladessa [460]
3 years ago
15

Harper Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report

from the actuary. The following information was included in the report: ending PBO, $208,879; benefits paid to retirees, $45,678; interest cost, $8,911. There was no amortization of any prior service costs or amortization of gains/losses. The discount rate applied by the actuary was 7%. What was the beginning PBO?
Business
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:  $127,300

Explanation:

The interest cost for the year is based on the Beginning Pension Benefit Obligation (PBO) in the manner:

Interest cost = Beginning PBO * Discount rate

Beginning PBO can therefore be calculated as:

8,911 = Beginning PBO * 7%

Beginning PBO = 8.911 / 7%

Beginning PBO = $127,300

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3 years ago
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017, that includ
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Answer:

The Journal entry at the beginning of the year is as follows:

Estimated revenue A/c                      Dr. $1,342,500

Estimated other financing sources-Bonds proceeds A/c Dr. $595,000

To Appropriations control                                                                     $960,000

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(To record entry at the beginning of the year)

8 0
3 years ago
Personal values and work values cannot be related.<br><br> If your answer is correct, ill brainly!
Zarrin [17]

Answer:

The answer is false.

Explanation:

Everybody has personal values, i.e. certain things they find most imperative throughout everyday life. This likewise stretches out to the world of work; your work values to a great extent decide your working style and inclinations.

Additionally, managers will frequently cling to certain center qualities which characterize the organization culture and how the business is lead. Arrangement with them will, no doubt, be a main factor while selecting new representatives.

Monitoring your personal values and those of the organization you're applying to will enable you to decide if the job– and the business in general – is ideal for you, and additionally finding how you can be ideal for them.

PLS MARK ME AS BRAINLIEST

8 0
3 years ago
All of the following statements are TRUE about the use of defense tactics by the target firm during a hostile takeover EXCEPTa.
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Answer:

d. defense tactics make the costs of a takeover lower.

Explanation:

There's a take over attempt when a company is faced with a hostile takeover attempt.

Defense can be either pre offer takeover or post offer takeover.

In pre offer takeover defense, companies put mechanisms in place to discourage takeover attempts.

Pre takeover defense mechanisms include:

1. Golden parachute: this benefits the managers of a company. It is an agreement where managers are compensated lucratively if they leave the company being targeted for a takeover when there's a change in corporate control.

2. Fair price amendments: this sets a bidding value floor for a target company. This makes the company more expensive

3. Staggered board : this is when its impossible to change all the members of boards of a company.

4. Poison pill

5. Poison put

Post take over defense mechanism usually are put in place after a takeover attempt. They include:

1. White knight defesne : The takeover firm invites another company to purchase it in place of the firm planning an hostile takeover. This can lead to bidding and counter bidding by the third firm and the firm planning the hostile take over. This can eventually leads to winners curse. This usually increases the cost of takeovers

2. Litigation

Not all take over defense tactics are usually effective. Generally, preoffer take over tactics are usually recommended.

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3 years ago
MakerMan Manufacturing creates heavy-duty hand tools. It produces a new collapsible hammer called the SmackN’Stash. One of the f
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Answer:

Anyone who is injured by a defective product may sue the manufacturer, merchants, and all others who handled the product.

Explanation:

Strict liability means that an injured party may sue another even when they don not prove a case against them. A party is held liable for injuries from a certain activity.

For example a company that produces tools may be held liable when the machinery it produces causes injury during use by the injured party.

The injured party need not prove negligence of the defendant.

In this instance MakerMan Manufacturing is liable for the hammer that injured one of Rob's coworkers while they were using it.

Strict Liabilities are classified into 3: animals owned, product liability, and abnormally dangerous acts.

8 0
3 years ago
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