Pension worksheet for the pension plan

Assignment Help Marketing Management
Reference no: EM13950896

On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.

Projected benefit obligation $4,500,000

Fair value of plan assets 4,200,000

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2015, the company amends its pension agreement so that prior service costs of $500,000 are created. Other data related to the pension plan are as follows.

Service cost

2014


2015

$150,000


$180,000


Prior service cost amortization

-0-


90,000

Contributions (funding) to the plan

240,000


285,000

Benefits paid

200,000


280,000

Actual return on plan assets

252,000


260,000

Expected rate of return on assets

6%


8%

(a) Prepare a pension worksheet for the pension plan for 2014 and 2015.

(b) For 2015, prepare the journal entry torecord pension-related amounts.

Reference no: EM13950896

Questions Cloud

Paper about animal research in psychology : Write two paper about Animal Research in Psychology Should Not Be Eliminated
Problem regarding the portfolio return and beta : Calculate the portfolio beta on the basis of the original cost figures. Calculate the percentage return of each asset in the portfolio for the year.
Describe the advantages and disadvantages of using methods : The second method is to use slide templates, slide layouts, and color and animation schemes already built into PowerPoint.
Computation of present value : Using the appropriate interest table, compute the present values of the periodic amounts, shown on page 344, due at the end of the designated periods.
Pension worksheet for the pension plan : On January 1, 2014, Harrington Company has the following defined benefit pension plan balances. Projected benefit obligation $4,500,000 Fair value of plan assets 4,200,000
Explain in detail at least five practices of web services : Explain in detail at least five practices. What would you tell her?
How large the total payment jack must make : How large the total payment jack must make in the 25th month of this loan?
Consideration does not have to be adequate or realistic : Consideration does not have to be adequate or commercially realistic, nor does it have to be expressed in monetary terms, it merely needs to be sufficient.
Differing approaches of nursing leaders : In this assignment, you will be writing a 1,000-1,250-word essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following:

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

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!

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