Evaluate the actual return on the plan assets

Assignment Help Cost Accounting

Reference no: EM139601

James Paul importers provides the following pension plan information:

Fair value of pension plan assets, January 1, 2011	$2,300,000
Fair value of pension plan assets, December 31, 2011	2,725,000
Contributions to the plan in 2011	250,000
Benefits paid retirees in 2011	350,000

Instructions

From the data above, compute the actual return on the plan assets for 2011.

Reference no: EM139601

Questions Cloud

Preparation of a balance sheet with given trial balance : Prepare a balance sheet at December 31, 2007 for John Nalezny Corporation and Ignore income taxes

Evaluate pension expense for the year 2010 : Evaluate pension expense for the year 2010. Prepare journal entry to record pension expense and the employer's contribution to the pension plan in 2010.

Prepare journal entry to record amortization expense : Prepare the journal entry to record amortization expense for the first year. Show how this patent is reported on the balance sheet at the end of the first year.

Talk about the probable outcome : Sam Student had borrowed $1,000 from his cousin. Sam and the cousin became involved in a heated disagreement when the cousin began to press Sam for repayment of the loan. Talk about the probable outcome.

Evaluate the actual return on the plan assets : James Paul importers provides the following pension plan- From the data above, evaluate the actual return on the plan assets for 2011.

Evaluate the present value of the minimum lease payments : What type of lease is this? Explain. Evaluate the present value of the minimum lease payments. Prepare all necessary journal entries for Burke for this lease through January 1, 2008.

Balance sheet in order to obtain additional funds : Preparation of a Corrected Balance Sheet in order to obtain additional funds for expansion by given the available information

Multiple regression analysis : When more than one factor causes variations in the variable element of a mixed cost, multiple regression analysis. the high-low method is generally more accurate than the least-squares regression method in analyzing cost behavior.

Unfavorable labor rate variance : An unfavorable labor rate variance can occur if workers with high hourly wage rates are assigned to work on products whose standards assume workers with low hourly wage rates.Throughput time is the amount of time required to process raw materials i..

User Account

All Pages