Business, 13.04.2021 03:00, Yoma321

Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2014, the following balances relate to this plan. Plan assets $480,000
Projected benefit obligation 600,000
Pension asset/liability 120,000
Accumulated OCI (PSC) 100,000 Dr.
As a result of the operation of the plan during 2014, the following additional data are provided by the actuary.
Service cost $90,000
Settlement rate, 9%
Actual return on plan assets 55,000
Amortization of prior service cost 19,000
Expected return on plan assets 52,000
Unexpected loss from change in projected benefit obligation,
due to change in actuarial predictions 76,000
Contributions 99,000
Benefits paid retirees 85,000
Using the data above, compute pension expense for Webb Corp. for the year 2014 by preparing a pension worksheet.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:20, ayeelol1447

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Answers: 3

continue

Business, 21.06.2019 21:30, nickespinosa11

Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.

Answers: 3

continue

Business, 22.06.2019 12:30, imamnaab5710

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

Answers: 3

continue

Business, 23.06.2019 06:50, maya8909

How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.

Answers: 1

continue

Do you know the correct answer?

Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2014, the follow...