Reference no: EM131793867
Force Co. has a non-contributory, defined benefit pension plan. Pension plan data to be used for accounting purposes for the 2015 year are as follows. An appropriate interest rate for long-term debt is 7%.
Plan assets at market value at January 1, 2015 $6,258,000
Actual earnings on the plan for 2015 81,000
Contributions to the plan 350,000
Current service costs 233,000
Benefits paid to retirees during the year 110,000
Actuarial revaluation in 2015 showed an decrease in the obligation due to changes in mortality (590,000)
New past service cost in 2015 due to a reduction in benefits (185,000)
Defined benefit obligation at January 1, 2015. 7,299,000
Required:
a) Calculate the net defined pension liability at January 1, 2015.
b) Calculate the net defined pension liability as of December 31, 2015 by calculating the defined benefit obligation and the fair value of plan assets. Show your work.
DBO, Jan. 1, 2015
Plan assets, Jan. 1,2015
How much overhead was applied
: Greer company's standard predetermined overhead rate is $8 per direct labor hour. How much overhead was applied
|
What is the standard deviation of dinky portfolio
: Dinky, an individual investor, decided to invest in JJ Company and KK Company. Here are the pieces of information about the two investments.
|
What is rich fixed overhead budget variance
: Standard variable overhead rate per machine hour: $8.50. What is Rich's variable overhead efficiency? What is Rich's fixed overhead budget variance
|
Determine what is calculated by the recursive function
: Determine what is calculated by the recursive functions.Write no recursive versions of the functions.
|
Calculate the net defined pension liability
: Calculate the net defined pension liability as of December 31, 2015 by calculating the defined benefit obligation and the fair value of plan assets.
|
At what price would you expect the stock to trade
: If the company decides on a 2- for- 1 split, at what price would you expect the stock to trade immediately after the split goes into effect
|
Calculate eps before and after change in capital structure
: Consider a firm with an EBIT of $10,900,000. The firm finances its assets with $50,800,000 debt (costing 6.9 percent) and 10,400,000 shares of stock selling.
|
Prepare the stockholders equity section of the balance sheet
: At the end of the current year, Resisto has retained earnings of $ 382,000. Prepare the stockholders' equity section of the company's balance sheet
|
Calculate the expected return and standard deviation
: Consider the following table which describes the probabilities of random outcomes for the returns on General Motors and Apple Stock.
|