User Account

All Pages

Find the fair value of plan assets at December

Assignment Help Accounting Basics
Reference no: EM133076733

Question - On January 1, 2020, Newlin Co. has the following balances:

Projected benefit obligation $3,500,000

Fair value of plan assets 3,000,000

The settlement rate is 10%. Other data related to the pension plan for 2020 are: Service cost $300,000

Amortization of prior service costs due to increase in benefits $100,000

Contributions $500,000

Benefits paid $225,000

Actual return on plan assets $395,000

Amortization of net gain $30,000

Required - Find the fair value of plan assets at December 31, 2020?

a. $3,895,000.

b. $3,500,000.

c. $3,670,000.

d. $3,440,000.

Reference no: EM133076733

Questions Cloud

COMP6231 Distributed Systems Design Assignment : COMP6231 Distributed Systems Design Assignment Help and Solution, Concordia University - Assessment Writing Service
What is the amount of the semi-annual interest payments : The present value of the bond is $37,282,062 and the market rate of interest was 8%. What is the amount of the semi-annual interest payments
Easily manipulated to present biased opinion : Statistics can be easily manipulated to present a biased opinion. Explain how it is easy to be mislead by statistics.
Dimensions of statistical reasoning : Discuss the four dimensions of statistical reasoning / thinking used in statistical inquiry.
Find the fair value of plan assets at December : The settlement rate is 10%. Other data related to the pension plan for 2020 are: Service cost $300,000. Find the fair value of plan assets at December
How should these demand bonds be reported : At year-end, rates on comparable debt were 7 percent. How should these demand bonds be reported in the governmental fund financial statements at year-end
Inferential statistics in managerial decision making process : Discuss the benefits of the use of descriptive and inferential statistics in the managerial decision making process.
How many dresses will it have on hand at the end : If Fiesta does not adjust its purchases and wants to absorb the drop in volume in inventory, how many dresses will it have on hand at the end of the next month
Compute the unit product cost : Assuming that the company uses absorption costing, compute the unit product cost and prepare an income statement

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd