Reference no: EM131221041
Pension Expense and Liability:
On December 31, 2013, Robey Company accumulated the following information for 2013 in regard to its defined benefit pension plan:
Service cost $102,000 Interest cost on projected benefit obligation 17,000
Expected return on plan assets 17,000
Amortization of prior service cost 1,000
On its December 31, 2012, balance sheet, Robey had reported an accrued/prepaid pension cost liability of $19,000.
Please answer....Assuming Robey's beginning 2013 Other Comprehensive Income-Prior Service Cost balance was $62000 what would be its ending balance? _______
How much would Robey need to fund its pension plan for 2013 in order to report an accrued/prepaid pension cost asset of $6,000 at the end of 2013? ________
|
Foreign funds will be different than quoted interest rate
: Explain what an MNE needs to consider when borrowing funds in a foreign currency. As part of your answer, explain what happens if the foreign currency of the borrowed funds appreciates or depreciates, how you calculate the effective cost of borrowing..
|
|
Determine the cash payments made during april
: During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 balance of Accounts Payable was $59,900, determine the account balance on February 1. On April 1, the cash account balance wa..
|
|
Decade leading up to the financial crisis
: Numerous corporate scandals occurred in the decade leading up to the financial crisis that began in 2007 and lasted into 2009. Pick a specific event (e.g., a scandal or a collapse) and analyze the key players (i.e., corporations and regulators) invol..
|
|
What amount should be reported as capital
: On February 1, 2014, Frick began a service proprietorship with an initial cash investment of $2,000. The proprietorship provided $5,000 of services in February. In the proprietorship's financial statements for the two months ended March 31, 2014 prep..
|
|
Pension expense and liability-benefit pension plan
: On December 31, 2013, Robey Company accumulated the following information for 2013 in regard to its defined benefit pension plan: Assuming Robey's beginning 2013 Other Comprehensive Income-Prior Service Cost balance was $62000 what would be its endin..
|
|
What is the average cost per unit produced
: Lemon Company spends $3.98 in variable costs for each product produced. Fixed manufacturing overhead costs are $104171 a year. This year, they produced 10,000 units. What is the average cost per unit produced?
|
|
What is net income for a merchandising company
: What is net income for a merchandising company with the following data? Sales revenue $55000. Utilities $1100 . Inventory on Dec. 31st $9838. Inventory on Jan 1 $12000. Rent for shop $3049. Sales commissions $4300 . Purchases of Merchandise $36474 . ..
|
|
Latest annual income statement
: A company reports sales of $2,245,000 in its latest annual income statement. The sales, however, are reported for a year that consists of 53 weeks. You want to project sales for the coming year based on the most recently reported year but you now nee..
|
|
Which is not a direct labor cost
: Which of the following is not a direct labor cost? Which of the following is an indirect cost?
|