Reference no: EM133020253
Question - The following data is provided for BC Co.'s defined benefit pension plan for 2020.
1. Current Service Cost $260,000
2. Actuarial provided discount rate 3%
3. Pension Plan Assets, beginning of year $26,420,000
4. Plan enhancement for spousal benefits, effective at the beginning of the year $427,000
5. Pension Fund Manager's expected return for 2020 3%
6. Pension Plan Obligation, beginning of year $34,260,000
7. Pension vesting of an employee group earlier than the actuary had originally estimated recognized at the end of year $765,000
8. Sum of dividends, interest and capital appreciation of plan assets for 2020 $740,000
9. Payments to pensioners for 2020 $526,000
10. Funding to the pension plan total $200,000
½ funded at the beginning of the year; ½ at end of year
Required - Determine the pension expense to report in normal operations for 2020.
|
What is the margin of safety in units
: Assume a sales volume of 8880 units, unit selling price of $18, unit variable cost of $10, and total fixed costs of $29600. What is margin of safety in units
|
|
Determine the fixed cost
: Determine the fixed cost given the following information: Highest level of activity - 900 units at a total cost of $5100
|
|
What is the minimum number of bonds
: The MerryWeather Firm wants to raise $10 million to expand its business. What is the minimum number of bonds it must sell to raise the $10 million it needs
|
|
What is the discounted payback period
: An investment project has the cash flow stream of $-250, $75, $125, $100, and $50. The cost of capital is 12%. What is the discounted payback period
|
|
Determine the pension expense to report
: Plan enhancement for spousal benefits, effective at the beginning of the year $427,000. Determine the pension expense to report
|
|
Make a classified balance sheet for the year ended
: Stock investments (long-term) 11,000. Use the above information to make a classified balance sheet for the year ended December 31, 2020
|
|
Calculate the values and comment on savings rate
: Lisa is trying to get her personal finances in order. Calculate the values and comment on (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio
|
|
Show how this profit would be allocated to partners
: Assuming in the first year that the partnership makes a profit of $53,300, show how this profit would be allocated to partners
|
|
Prepare the journal entries for date of distribution
: Green Day Corporation has outstanding 400000 shares of 10 par value common stock. Prepare the journal entries for date of distribution
|