Reference no: EM131139540
Concept Financial has a defined benefit pension plan for its employees. The following were the balances for the pension plan as of January 1, 2015:
|
Annual Benefit Obligation
|
$3,500,000
|
|
Pension Benefit Obligation
|
3,900,000
|
|
Deferred pension gain
|
420,000
|
|
Fair value of the pension fund
|
3,300,000
|
|
Market-related value of the pension fund ( five-year weighted average)
|
2,850,000
|
The pension plan would earn 12% of the market-related value of the pension fund in 2015. The actual return on the pension fund was $315,000. The company has elected to amortize the deferred pension gains and losses over 10 years.
Answer the following questions:
Compute the amount of deferred gain or loss for 2015.
Compute the amount of amortization of deferred pension gain or loss for 2015.
Computed pension expense is $ 534,000. However, this computation ignores any deferred gains or losses for the year (in other words, actual, not expected return on the pension fund was included in the computations) as well as any amortization of deferred gains or losses from prior years. What is pension expense after considering the impact of deferred gains and losses and their amortization?
What is the deferred pension gain or loss that Concept will carry forward to 2016?
|
Compare and contrast normal and abnormal psychology
: Examine at least two mental disorders and two mental illnesses from the perspective of psychology. Discuss the similarities and differences among the therapies for each school of thought in psychology for treating mental disorders.
|
|
What are the potential benefits and drawbacks of a test
: Write a 200- to 300-word response, consideringhow employers and fellow team members might use this instrument at work. Is this test reliable? Is it valid? What are the potential benefits and drawbacks of a test that attempts to measure skills, abi..
|
|
Pricing products and services
: Pricing Products and/or Services This week you are reviewing setting pricing based on break-even analysis, pricing strategies, and credit policies as they affect your small business and the people with whom you do business. You reviewed all of these ..
|
|
Significant accounting standard related to dhiraagu
: Significant Accounting Standard related to DHIRAAGU, Many accounting standards are important for the company. In this analysis, relevant four sections will be discussed.
|
|
Compute the amount of deferred gain or loss
: Compute the amount of deferred gain or loss for 2015. Compute the amount of amortization of deferred pension gain or loss for 2015.
|
|
What risks or challenges might a manager encounter
: Review the Terminal Course Objectives, accessed by clicking on the "Course Information" tab at the top of your screen, scrolling down to the "Course Objectives" and then selecting View class objectives. How will accomplishing these objectives supp..
|
|
Does the position cultivate a sense of intrinsic motivation
: Identify the current major components, tasks, or responsibilities of the selected position. Does the job currently allow any self-management or sense of choice? Does the position cultivate a sense of intrinsic motivation?
|
|
Prepare the required aje for december
: WannaBee Corporation has $1,500,000 of Receivables on December 31, 2000. Prepare the Required AJE for December 31, 2000. Prepare the Required AJE for December 31, 2001.
|
|
Calculates the subcarrier gain and channel gain
: The code represents a WiMAX topology and calculates the subcarrier gain and channel gain to use them later to find the data rate. We have two users and 512 subcarriers. The data rate will be different because the subcarrier gain is different between..
|