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Seasaw Seasons instituted a defined benefit pension plan for its employees three years ago. Each year since the adoption of the plan, Seasaw has contributed $16,000 to the pension fund, which is managed by Fiduciary Trust Associates. As of the end of the current year, it was estimated that contributions of $58,000 would have been necessary to maintain a fund large enough to provide the benefits promised to the employees when they retire.
a. Prepare the journal entries that were recorded by Seasaw as it contributed cash to the pension fund.
b. How much pension liability should be recorded on Seasaw's balance sheet as of the end of the current year?
suppose that the professor imposes a price floor of $15 per book. Sellers are pleased because they think that they will be able to get more money this way. How to calculate how much cash would the sellers receive from selling their books now
A researcher is interested in the size of the current balance of credit card holders. To estimate this, he obtains the size of the current balance of a random sample of 25 credit card holders. A 90% confidence interval for the mean current balance..
A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must cha..
How does the elimination of the tax affect the wages of hotel workers?
A tractor for over the road hauling is purchased for $ 90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $ 4,000. Calculate the depreciation deduction and the unrecovered investment.
The following table presents data on three leading indicators for a three-month period. Construct the composite index (with each indicator assigned equal weight) and the diffusion index. Month Leading Indicator A Leading Indicator B Le..
Discuss the following statement regarding medical malpractice: "Altruism, professional or ethical concerns may motivate physicians to act as better agents for patients than would be predicted from models that assume purely self-interested income m..
Search the Internet for export and import data since 2008 for developed nations. By how much have the values of these exports and imports increased or decreased since 2008? Explain if the changes in the values reflect the trade feedback effect.
Assume that the objective function coefficient for X remains 8, but the objective function coefficient for Y changes from12 to 6. Does the optimal solution change. Use the graphical solution procedure to find the new optimal solution.
the construction time for a bridge depends on the weather. the project is expected to take 250days if the weather is dry and hot. if the wather is damp and cool it will take 350days. otherwise, it is expected to take 300 days.
Suppose the price elasticity of demand for farm products is inelastic. If the federal government wants to follow a policy of increasing income for farmers, what type of programs will the government enact?
The mayor decides how long each fireworks show will last each year. This year, she has a new plan: each of the 20 town citizens will send in their marginal utility of a minute of fireworks to the mayor who will then compute the optimal amount of fi..
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