Reference no: EM132635026
Question - Bluebell Ltd provides credit services. Bluebell Ltd provides its employees with long service leave entitlements of 13 weeks of paid leave for every 10 years of continuous service. As the company has been operating for only 5 years, no employees have become entitled to long service leave. However, the company recognises a provision for long service leave using the projected unit credit approach required by AASB 119/IAS 19. The following information is obtained from Bluebell Ltd's payroll records and actuarial reports for the non-managerial staff of its debt collection business at 30 June 2019.
Unit credit (years) No. of employees % expected to become entitled Average annual salary $ No. of years until vesting Yield on govt. corporate bonds % 11202066,000962802668,000873503570,000744305072,500675257075,60056
Additional information
(a) The estimated annual increase in retail wages is 7% p.a. for the next 10 years, reflecting Bluebell Ltd's policy of increasing salaries of its debt collection staff for each year of additional experience.
(b) At 30 June 2018, the provision for long service leave for non-managerial debt collection staff was $130,000.
Required - Prepare the journal entry to account for Bluebell Ltd's provision for long service leave at 30 June 2019 in relation to the non-managerial employees of the company's debt collection business.
|
Evaluate the impact of patient characteristics
: The focus is on Cardiovascular and Respiratory Disorders. In this module, you will examine fundamental concepts of cellular processes and the alterations.
|
|
Prepare balance sheet assuming holding in margin account
: Assume that the stock falls to $15 per share. Prepare your balance sheet assuming this is the only holding in your margin account.
|
|
Calculate the for cash payment
: Using excel, for each year, calculate the following for each cash payment, assuming the interest rate is 5%:
|
|
Find out the nominal payback and discounted payback
: The scenario is that Stanley from Sales is convinced that this capability. Find out the Nominal Payback, Discounted payback, NPV, and IRR.
|
|
Prepare the journal entry to account for Bluebell Ltd
: Prepare the journal entry to account for Bluebell Ltd's provision for long service leave at 30 June 2019 in relation to the non-managerial employees
|
|
What is the effective annual rate
: You want to buy a car valued at $48,000. You will make an upfront down-payment of $5,000 on the car, and borrow the
|
|
Describe strategies to leverage on employee assets
: Describe strategies to leverage on employee assets. How will you identify their strengths and use them to better the performance and skills of individual.
|
|
How to find the net present value
: Olivia, the head of Operations, is concerned that instead of stabilizing the supply chain. How to find the net present value (NPV)
|
|
What is the net present value for the proposal
: Buy Direct Electronics (BDE) is a mail-order firm that sells customized electronic equipment. BDE is considering replacing
|