Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Bob and George Corporation FV of 1 at 3% for 25 periods 2.094 has a defined benefit pension plan for one employee. Annual payments are equal to the employee's highest lifetime salary multiplied by 2.5% multiplied by the number of years with the entity. As of December 31, 2020, the employee has been with the company for 15 years and has a salary of P1,000,000. The employee is expected to retire in 25 years while projected salary increases are in line with forecasted inflation rates of 3% annually. The employee is then expected to live for 15 years after retiring and will receive the first pension payment one year after the retirement. Discount rate is 8% and PV and FV factors are as follows:
PV of ordinary annuity of 1 at 8% for 15 periods 8.559
PV of 1 at 8% for 25 periods 0.146
1. What is the annual pension payment to be used in computing the projected benefit obligation as of December 31, 2020?
2. What is the projected benefit obligation as of December 31, 2020?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd