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Question - A president of JR and RJ Corporation PV@ 5% for one period, 0.9524PV@ 5% for two periods, 0.9070 shall receive a 20% retirement benefit based on the final salary per year for a period of 3 years. The president does not contribute to the plan. The discount rate to be used is 5%. The projected salary over three years (2020, 2021, 2022) are P500,000, P600,000, and P720,000, respectively.
1. What is the annual benefit to be used in computing the estimated pension liability?
2. What is the estimated pension liability as of December 31, 2021 using the projected unit credit method?
The lawyer collects $8,500 of the billings during July and the remainder in August. Under the accrual basis of accounting, when would the lawyer record the revenue for the fees?
What do yu feel are the advantages of using ratio analysis? Why do you think the SEC requires companies to publish accounting information
on january 1 20x4 chee co. purchased 80 of the outstanding shares of tyme ltd. for 2000000 in cash.nbsp on the
Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit?
questionthe peachtree project is owed at the end of week 10. the peachtree project is based up to you completing the
Calculate the number of shares outstanding at the end of year 1, after the first share repurchase. Company ABC has 100 shares outstanding and share price.
Find what is the present value of this growing perpetuity? If you use a discount rate of 0.09 for investment products,Round to two decimal places.
LG display will build a LCD production plant at the cost of $ 4 billion. The plant will produce panels larger than 40 inches using glass substrates between 2200 mm and 2500 mm with a total capacity of 120,000 units per month.
Determine How much should be reported as cash on December 31, 2019? Set aside for payment of bonds payable, acquired on October 14, 2014, due on December
Company is considering whether to use equity or debt finance to raise the finance needed by the business expansion. Also discuss TWO Islamic finance sources.
A company has 10 items with a market value of $50 each and a cost of $60 each. Make the entry to apply lower of cost or market - LCM
It issued $5,630 new equity and $6,400 new debt, also paid off $4,600 LT existing debt in 2020. What is its OCF? CFA
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