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A company's defined benefit pension plan had a PBO of $265,000 on January 1, 2009. During 2009, pension benefits paid were $40,000. The discount rate for the plan for this year was 10%. Service cost for 2009 was $80,000. Plan assets (fair value) increased during the year by $45,000. Required: Determine the amount of the PBO at December 31, 2009.
The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?
What happens to the fundamental accounting equation when the sole proprietor of a business invests more cash in it
ABC, Inc. has the following assets, liabilities, revenues and expenses for the current year.
Purchased raw materials at a cost of $45,000 and general factory supplies at a cost of $13,000 on account (recorded materials and supplies in the materials account)
The benefits of comparing actual performance of the operations against planned goals include all of the following except:
Compute the average markup percentage for setting prices as a percentage of the full cost of the product Nancy Company has budgeted sales of $300,000 with the following budgeted costs
Company A, a calender year corporation, has a deficit in current E & P of $100,000 and a $290,000 positive balance in accumulated E & P.
How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?
Speculating with Currency Futures: Suppose that a March futures contract on Mexican Peso was available in January for $.09 per unit. Also suppose that forward contracts were available for same settlement date at a price of $0.092 per peso.
Harrel Company acquired a patent on an oil extraction technique on January 1, 2010 for $5,000,000. It was expected to have a ten-year life and no residual value. Harrel uses straight-line amortization for patents. On December 31, 2011, the future ..
Padua Corp has sales of $400,000, a variable cost ratio of 60%, and a profit of $40,000. If 10,000 units were sold, what is the contribution margin per unit?
On December 31, 2013, the child crisis center establishes an endowment fund with a $5 million gift of securities. Income from the endowment is to be used exclsuively to support a nutrition program.
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