The following facts apply to the pension plan of Boudreau Inc. for the year 2017.
Plan assets, January 1, 2017 $490,000
Projected benefit obligation, January 1, 2017 490,000
Settlement rate 8%
Service cost 40,000
Contributions (funding) 25,000
Actual and expected return on plan assets 49,700
Benefi ts paid to retirees 33,400
Instructions:
Using the preceding data, compute pension expense for the year 2017. As part of your solution, prepare a pension that shows the journal entry for pension expense for 2017 and the year-end balances in the related pension accounts worksheet.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 09:40, Tyrant4life
Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?
Answers: 2
Business, 22.06.2019 10:30, drejones338p04p2p
How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.
Answers: 1
Business, 22.06.2019 11:40, ayoismeisalex
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
Business, 22.06.2019 12:50, laxraAragon
Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?
Answers: 3
Do you know the correct answer?
The following facts apply to the pension plan of Boudreau Inc. for the year 2017.
Plan assets, Janu...
Questions in other subjects:
Chemistry, 05.10.2020 15:01
History, 05.10.2020 15:01
Mathematics, 05.10.2020 15:01
