User Account

All Pages

What is the total liability on the retirement fund

Assignment Help Accounting Basics
Reference no: EM133029011

Question - AMM Inc. agreed to set up a retirement plan for its employees:

1. Annual contribution to a fund managed by a trustee, 400,000 every year end.

2. Upon retirement, an employees shall receive retirement benefit based on whatever amount is accumulated on the fund.

3. Actual contributions to the fund are: 160,000 in 2021, 250,000 in 2022, and 600,000 in 2023.

Required - What is the total liability on the retirement fund on AMM Inc. as of December 31, 2023?

Reference no: EM133029011

Questions Cloud

Calculate Carla Vista diluted earnings per share : The preferred shares pay an annual dividend of $4 per share. Carla Vista's tax rate is 30%. Calculate Carla Vista's 2020 diluted earnings per share
Determine the maximum capital cost allowance deduction : Determine the maximum capital cost allowance (CCA) deduction for GPS for the year. Show opening and ending UCC
Discuss the purpose of ethical behavior : The ethical tone and moral expectations in any organization are set by the leader (Ledlow, 2018).
Manitoba occupational health and safety act : Provide a detailed analysis of who will be the comittee members of a workplace health and safety committee of a hotel and their role in the commitee that highli
What is the total liability on the retirement fund : Annual contribution to a fund managed by a trustee, 400,000 every year end. What is the total liability on the retirement fund on AMM Inc
Strategic human resources tactics : Based on the Travelodge Doncaster hotel in the UK with the weaknesses below, can I have three tactics, one tactic for each( Need to be specific, actionable and
Long-term incentive payment programmes : Select and explain the types of short-term and long-term incentive payment programmes practised in your organisation or an organisation that you are familiar wi
Determine internal supply of potential job candidates : Identify and describe one method you would suggest the PGS Human Resources Manager use to determine the internal supply of potential job candidates in the next
Processes of institutionalization of change : Discuss the processes of institutionalization of change (pick two) which you believe are the most important and why? Provide a rationale and support for your de

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