User Account

All Pages

What is the expected final salary of razor

Assignment Help Accounting Basics
Reference no: EM133123445

Question - Razor's 60th birthday is on 1 January 2020. His salary for the year ended 31 December 2020 is P400,000. At the 31st of December 2020 the entity made the following actuarial assumptions:

Razor's salary should increase by 6 percent (compound) each year.

The appropriate discount rate is 10 percent per year.

Required -

1. What is the expected final salary of Razor?

2. What is the projected benefit obligation on December 31, 2022?

3. What amount of total employee benefit expense will be recognized in 2021?

4. What amount of total employee benefit expense will be recognized in 2022?

Reference no: EM133123445

Questions Cloud

The impacts of business digitisation on HR : The impacts of business digitisation on HR and Various HRIS and how they are currently being used within the workplace
What is the joint cost allocated to A using NRV method : A product: 10,000 pounds with caloric value of 4,000 calories per pound. Assuming that X Corp inventories By product, what is the joint cost allocated to A
Determine the income tax due : The business is not vat-registered. Determine the income tax due assuming Kagura opted to be taxed using 8% preferential income tax
How many baskets will sharon have to sell this year : She incurs $13,200 in fixed costs each year. How many baskets will Sharon have to sell this year if she wants to earn $26,000 in operating income
What is the expected final salary of razor : Razor's 60th birthday is on 1 January 2020. His salary for the year ended 31 December 2020 is P400,000. What is the expected final salary of Razor
What would be the journal entry to record the acquisition : On January 1, 2020, BAM Corp. purchases 40% of outstanding stock of WIN Corporation for $150,000. What would be the journal entry to record the acquisition
What should be the monthly payment on the loan : You wish to take a loan of $500,000 for 3 years. The APR on the loan is 4%, compounded monthly. What should be the monthly payment on the loan
Complete summary of identified need for your service user : Which two risks of harm would you consider to be of highest impact - In which category does the service user's score place them for the K10 screen
Estimate the amount of depreciation expense : Residual value remains unchanged. The company uses the straight-line method of depreciation. Estimate the amount of depreciation expense for 2026

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