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 - Calder, Inc. is a furniture manufacturing company with 50 employees. Recently, after a long negotiation with the local labor union, the company decided to initiate a pension plan as a part of its compensation plan. The plan will start on January 1, 2010. Each employee covered by the plan is entitled to a pension payment each year after retirement. As required by accounting standards, the controller of the company needs to report the pension obligation (liability). On the basis of a discussion with the supervisor of the Personnel Department and an actuary from an insurance company, the controller develops the following information related to the pension plan.
Average length of time to retirement 15 years.
Expected life duration after retirement 10 years.
Total pension payment expected each year after retirement for all employees. Payment made at the end of the year. $707,430.780 per year.
The interest rate to be used is 9%.
On the basis of the information above, determine the present value of the pension obligation (liability).
1) Submission: This assignment must be submitted electronically using blackboard assignment manager. Email and physical submissions will not be graded.
Ayala Inc. has conducted following analysis related to its product lines, For each product line, compute operating income using the traditional costing system
landon company paid washington company for merchandise with a 3200 90-day 8 note dated may 10. if landon company pays
Accounting for the GEF will be done by the city, existing accounting department (a General Fund department) which will bill the GEF for services rendered at the end of the year. To help the GEF get on its feet financially, no interfund payables wi..
Barb has found the following adjusting entries that need to be made to the Unadjusted Trial Balance. Prepare the Adjusting Journal Entries
the following is a statement by a management consultantmany managers claim that budgets are impractical because
If this product line is eliminated, 60% of the fixed expenses can be eliminated and the other 40% will be allocated to other product lines. If management decides to eliminate this product line, the company's net income will
the jefferson electronic integration products corporation produces and markets two types of hardware systems model bbc
the campers edge factory produces two products - canopies and tents. it has two separate departments - cutting and
thompson company uses a standard cost system for its single product. the following data are availableactual experience
Explain whether Valleck should report a liability in addition to the note. Why or why not? For full disclosure, should anything be added to the disclosure note itself?
A product sells for $525 per unit, and its variable costs per unit are $305. The fixed costs are $1,538,500. If the firm wants to earn $67,500 pretax income
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