Plan assets of $267,400 and a projected benefit obligation of the same amount. during 2020, service cost was $26,800, the settlement rate was 10%, actual and expected return on plan assets were $24,400, contributions were $19,500, and benefits paid were $17,200. prepare a pension worksheet[

Answers

Answer 1

To prepare a pension worksheet, we need to calculate various components such as the net periodic pension cost, the ending balances of plan assets and the projected benefit obligation (PBO), and any unrecognized gains or losses. Here's a step-by-step breakdown of the calculations:

Calculate the net periodic pension cost:

Service Cost = $26,800

Interest Cost (PBO * Settlement Rate) = $267,400 * 10% = $26,740

Expected Return on Plan Assets = $24,400

Amortization of Prior Service Cost = 0 (not provided)

Amortization of Net Gain/(Loss) = 0 (not provided)

Net Periodic Pension Cost = Service Cost + Interest Cost - Expected Return on Plan Assets + Amortization of Prior Service Cost + Amortization of Net Gain/(Loss)

Net Periodic Pension Cost = $26,800 + $26,740 - $24,400 + 0 + 0 = $29,940

Calculate the ending balances:

Plan Assets = Beginning Plan Assets + Contributions + Actual Return on Plan Assets - Benefits Paid

Plan Assets = $267,400 + $19,500 + $24,400 - $17,200 = $294,100

Projected Benefit Obligation (PBO) = Beginning PBO + Service Cost + Interest Cost - Benefits Paid

PBO = $267,400 + $26,800 + $26,740 - $17,200 = $304,740

Calculate any unrecognized gains or losses:

Unrecognized Gain/(Loss) = Actual Return on Plan Assets - (Settlement Rate * Beginning PBO)

Unrecognized Gain/(Loss) = $24,400 - (10% * $267,400) = $24,400 - $26,740 = -$2,340 (Loss)

Now, let's prepare the pension worksheet:

Pension Worksheet for the Year 2020:

Item Amount

Service Cost $26,800

Interest Cost $26,740

Expected Return on Plan Assets $24,400

Amortization of Prior Service Cost 0

Amortization of Net Gain/(Loss) 0

Net Periodic Pension Cost $29,940

Plan Assets:

Beginning Plan Assets | $267,400

Contributions | $19,500

Actual Return on Plan Assets | $24,400

Benefits Paid | -$17,200

Ending Plan Assets | $294,100

Projected Benefit Obligation (PBO):

Beginning PBO | $267,400

Service Cost | $26,800

Interest Cost | $26,740

Benefits Paid | -$17,200

Ending PBO | $304,740

Unrecognized Gain/(Loss) | -$2,340 (Loss)

Please note that the above calculations assume that there are no other components or factors affecting the pension plan. It's always advisable to consult with a financial professional or accountant to ensure accuracy and completeness when dealing with specific pension accounting matters.

To know more about random sample here

https://brainly.com/question/24466382

#SPJ4

Related Questions

PLEASE HELP ME I NEED TO KNOW WHAT STATES THOSE ARE BECAUSE THIS IS DUE IN 10 MINUTES

Answers

Answer:

Left = Alaska, USA

Right = Hawaii

Do well on your test! And study harder next time!! Just kidding, but I really hope this helps! :)

Answer:

1. Alaska USA

2. Hawaii USA

Explanation:

Hope this helps!

What was the basis of the states' rights conflict between the North and the South?
A.
The union had more states and believed they needed more power.
B.
The states in the south were trying to protect their right to own slaves.
C.
The federal government set up laws in each state to govern them.
D.
The president had too much power and the states wanted to limit it

Answers

Answer:

i have no clue

Explanation:

i have no clue

Which of the following positive issues contributed to bill clinton’s reelection? check all of the boxes that apply. middle class issues personal scandals rebounding economy leadership regarding domestic terrorism liberal image foreign policy success

Answers

Answer: Rebounding economy

Explanation: NAFTA North American Free Trade Agreement split the Democrats many of whom feared the loss of jobs to Mexico and Canada.

Answer:

Middle class issues

Rebounding economy

leadership regarding domestic terrorism

foreign policy success

Explanation: just did the assignment

Which situation happens more than once in "Better Wait Till Martin Comes"?

John is told that the house is haunted.
John finds good firewood next to the fireplace.
A cat comes and sits next to the fireplace.
John sits in a chair that is broken.

Answers

Answer:

C. A cat comes and sits next to the fireplace.

Explanation:

This is correct on Edge, I do not know on any other platform.

When the cats continually pick up red hot coals in "Better Wait Till Martin Comes" is explained further. Thus, option C is correct.

What explains "Better Wait Till Martin Comes"?

When the cats continually pick up red hot coals in "Better Wait Till Martin Comes," it indicates that the cats are ordinary and will not hurt John. It takes the reader's mind off Martin's impending arrival.

It develops suspense by demonstrating the cats' fearlessness.

Therefore, Option C. A cat appears and takes a seat near the fireplace better explains the statement.

Learn more about "Better Wait Till Martin Comes" here:

https://brainly.com/question/27202756

#SPJ2

What can be the role of students to stop dowry system?

Answers

Educate children about the demeaning nature of dowry, and the financial humiliation people may have

Describe what Henry Johnson did to earn his Medal of Honor.

Answers

Answer:

US Army Sergeant Henry Johnson was posthumously awarded the Medal of Honor for his heroic acts in World War I. Johnson was the first American to win the French military's highest honor during World War I. As Johnson looked over to assist Roberts, he saw two Germans lift him up to carry him off toward the German lines. He fought off a German raid in hand-to-hand combat, killing multiple German soldiers and rescuing a fellow soldier while experiencing 21 wounds. After Johnson's death his place of burial had been located at Arlington National Cemetery in 2001, the Army awarded him the Distinguished Service Cross, the nation's second-highest military decoration.

the united states, like most modern democracies, has a two-party system that simplifies choices for voters. question 16 options: 1) false 2) true

Answers

A two-party system is how elections are conducted in the US. This indicates that two political parties control all three levels of government. These two parties are the Republican Party and the Democratic Party in the United States.

The US adopted a two-party system at what point?

Due to two fundamental aspects of American politics—single-member districts and winner-take-all elections—the US has a two-party system. Both of these factors support the establishment of two main parties because it is extremely difficult for minor parties to win elections. Between 1824 and 1840, new political parties reshaped American politics by including the populace in the political process and forming two opposing parties, each of which adhered to a distinct interpretation of the Constitution and of the role of government.

To know more about two party system click on the link below:

https://brainly.com/question/220408

#SPJ4

Do you think we have lived up to the message in the gettysburg address as a nation?.

Answers

Due to the arguments made against slavery in the Gettysburg address, slavery was abolished in January 1865. The Gettysburg Address, which was delivered by President Abraham Lincoln in November 1863, was requested.

On the occasion of the official dedication of the Gettysburg National Cemetery in Pennsylvania, the scene of one of the bloodiest and most important battles of the Civil War. even if he wasn't the day's featured speaker. The Gettysburg address's warnings have been heeded by the United States.

Lincoln argued for it in that speech. Lincoln wished that those who would follow them would uphold the founding fathers' ideals in his Gettysburg Address.

To know more about Lincoln, click here:-

https://brainly.com/question/3079348

#SPJ4

Choose the options that correctly describe what led to the French Revolution

Answers

Answer:

The causes of the French Revolution can be narrowed to five main factors: the Estate System, absolutism, Enlightenment ideas, food shortages, and the American Revolution. The Estate System placed people into groups based on birth and was known as the Ancien Regime

hope this helps you

Answer:

hope this helps you

I need help for this thingy

Answers

Location - The book takes place in Western Australia, specifically the regions of Jigalong, Moore River, and Perth. These locations are significant to the story as they show the vast distances the Aboriginal girls had to travel to return home.

What is the Themes?

Place - The places depicted in the book have different physical and human characteristics. Jigalong is a remote town where the girls lived with their families before being taken away, and it has a strong sense of community. Moore River, on the other hand, is a government-run settlement where the girls were forced to live, and it lacked the warmth and familiarity of Jigalong.

Movement - The story revolves around the journey of the three Aboriginal girls as they escape from the Moore River Settlement and trek over 1,000 miles across the Australian outback to return home. Their movement is hindered by the harsh terrain and the efforts of authorities to capture and return them to the settlement.

Therefore, in terms of Region - The book highlights the cultural and linguistic diversity of the Aboriginal people living in Western Australia. The girls come from different regions and have unique languages and customs. The story also depicts the stark contrast between the Western Australian outback and the modern city of Perth, showcasing the distinct regions of the state.

Answers

Answer: d

Explanation:

just trust me

Authority is power that is

Answers

Answer: recognized as legitimate

explain term
citizenship education

Answers

Answer:

Explain the term citizenship education?

Answer : Citizenship education gives people the knowledge and skills to understand, challenge and engage with democratic society including politics, the media, civil society, the economy and the law.

This is the Answer for your question :3

I hoped I helped you :3

I hope you are having a great day ❤️❤️❤️❤️❤️❤️

Which of the following is not well suited to study as a physical model?
A.a new ship design
B.a wind turbine
C.climate
NO FAKES PLEASE I WILL GET MY POINTS BACK!

Answers

Answer:

A.a new ship design

Explanation:

how did nationalism play an important role in Latin America during the 19th century?
A. Civil wars broke out in most Latin American countries
B. Europeans colonized much of Latin America during this time
C. The united States took control of many Latin American colonies
D. Many Latin American countries fought for independence

Answers

Answer:

Explanation:

What was Tammany Hall's role in government in New York City in the late 1800s quizlet?

Answers

The role of Tammany Hall in New York City's governance in the 10th century was to steal money from the treasuries of state and central governments.

Tammany Hall was formed as a political machine, and was highly relevant in the American society during the nineteenth century. Its significance in the American governance was to steal monies and valuables from the city treasuries.

Some officials in the Tammany Hall were appointed directly by elected powers, including the American President. They held some of the critical positions in the governments. As a result, the significance regarding the Tammany Hall has been mentioned above.

Learn more about Tammany Hall here:

https://brainly.com/question/1653576

#SPJ4

9. How did European exploration in the 15th century affect the population in the Americas?

Answers

Answer:

Colonization ruptured many ecosystems

Explanation:

bringing in new organisms while eliminating others. The Europeans brought many diseases with them that decimated Native American populations. Colonists and Native Americans alike looked to new plants as possible medicinal resources.

The two main railroad companies meet at Promotory Point in 1869 completing the first ever Transcontinental Railroad, they were the __________________ out of Sacramento, California and the ________________out of Omaha, Nebraska.

a
Central Pacific-Union Pacific
b
Union Pacific-Central Pacific

Answers

The two main railroad companies meet at Promotory Point in 1869 completing the first ever Transcontinental Railroad, they were the Central Pacific-Union Pacific out of Sacramento, California and the Union Pacific-Central Pacific out of Omaha, Nebraska.

put amendment II in your own words:
No Soldier shall, in time of peace be quartered in any house, without the consent of the Owner, nor in time of war, but in a manner to be prescribed by law.

Answers

Answer:

It means that unless they have a warrant or special approval, soldiers cannot be quartered at your house.

Explanation:

You are describing the 3rd Amendment

The second amendment is the right to own weapons.

help please due today

Answers

Answer:

the first one

Explanation:

the "H,E,G,L,C,A,M..etc"

Which theory proposes that experiencing unpleasant states, such as being hungry or thirsty, leads us to take action to minimize those negative conditions

Answers

The theory that proposes that experiencing unpleasant states, such as being hungry or thirsty, leads us to take action to minimize those negative conditions is the drive reduction theory.

This theory suggests that when we experience a physiological need, such as hunger or thirst, we are motivated to take action to fulfill that need and reduce the unpleasant state. So, if we are feeling thirsty, we are motivated to drink water in order to quench our thirst and alleviate that unpleasant state. The drive reduction theory proposes that experiencing unpleasant states or internal tensions, such as being hungry or thirsty, motivates us to take action to reduce or eliminate those negative conditions.

According to this theory, when a physiological need arises, it creates a drive, or an internal state of tension, that motivates an organism to engage in behavior that will satisfy that need and reduce the tension. Once the need is met and the drive is reduced, the organism experiences a sense of satisfaction or pleasure.

Read more about satisfaction here:https://brainly.com/question/10735969

#SPJ11

What is a person of noble rank or birth

Answers

Answer:

Nobleman or Noblewoman.

Explanation:

hich of the following practices is important for establishing innovation-driven organizations?
a. punish failures to encourage learning
b. emphasize team responsibility
c. create a system of feedback and positive reinforcement
d. allow innovation goals to remain broad and flexible

Answers

The important practice for establishing innovation-driven organizations among the given options is: c. create a system of feedback and positive reinforcement.

Creating a system of feedback and positive reinforcement is crucial for establishing innovation-driven organizations. Here's an explanation of each option and why c is the best choice:

a. Punish failures to encourage learning: While it may seem counterintuitive, punishing failures can create a fear of taking risks and hinder innovation. In an innovation-driven organization, it's important to create an environment where employees feel safe to experiment, learn from failures, and take calculated risks.

b. Emphasize team responsibility: While team responsibility is important for collaboration and fostering a culture of innovation, it alone may not be sufficient to drive innovation. Individual contributions and empowerment are also essential for encouraging creative thinking and initiative.

c. Create a system of feedback and positive reinforcement: This practice is crucial for establishing innovation-driven organizations. Feedback allows individuals and teams to learn and improve, while positive reinforcement acknowledges and rewards innovative ideas and efforts. It helps create a supportive and motivational environment that encourages individuals to contribute their innovative ideas.

d. Allow innovation goals to remain broad and flexible: While it's important to have goals, keeping them broad and flexible can provide room for creativity and adaptation. It allows individuals and teams to explore different approaches and experiment with new ideas without feeling constrained by rigid targets.

Among the given options, creating a system of feedback and positive reinforcement is the most important practice for establishing innovation-driven organizations. This practice fosters a supportive and motivating environment, encourages learning from failures, and rewards innovative thinking and contributions. It helps cultivate a culture of innovation where individuals feel empowered to take risks and contribute their creative ideas.

To know more about organizations, visit

https://brainly.com/question/19334871

#SPJ11

Public architecture in the form of pyramids, platforms, and plazas can be traced back about how far in South America:a. 2,650 years agob. before 5,000 years agoc. 3,250 years agod. about 4,000 years ago

Answers

Public architecture in the form of pyramids, platforms, and plazas can be traced back about 5,000 years ago in South America.

The answer is B. before 5,000 years ago.

South America has a history of ancient civilizations that were sophisticated for their time. This can be seen in several heritage sites in the form of pyramids. One of the oldest civilizations in South America is the Norte Chico Civilization in Supe, Peru.

Norte Chico has the Holy City of Caral as their capital city. This metropolitan city was built around 5000 years ago.

The first archaeological discovery of the site occurred in 1905 by Max Uhle a German archaeologist. Furthermore, the discovery of sites continued to emerge until in 1970 they discovered the pyramids.

Other than the pyramids, Caral's people built other great monuments such as plazas, amphitheaters, temples, and residential areas.

Learn more about pyramids:

https://brainly.com/question/2253165

#SPJ4

Delmar constantly complained to his wife Merna about pain in his knee. Merna decided to stop sympathizing with Delmar and to withhold any sort of positive reinforcement to his pain behaviors, so we would expect Delmar to stop feeling pain in his knee. Group of answer choices True False

Answers

False; stop sympathizing with Delmar and to withhold any sort of positive

reinforcement to his pain behaviors would make him bear the pain.

How positive reinforcement works?

Positive reinforcement in operant conditioning refers to the addition of a reinforcing stimulus after a behavior that increases the likelihood that the behavior will occur again in the future. An action's response or behavior will get stronger if a positive result, circumstance, or reward follows it. Here Delmar needs positive reinforcement for reduction in pain.

Positive reinforcement's impact on motivation is another factor contributing to its appeal as a teaching strategy. Positive reinforcement may provide you the boost in motivation you need to accomplish the goals you set, whether you are using it on your staff to reward good work or on yourself to work toward personal goals. Delmar should use positive reinforcement against his pain behaviour.

Learn more about positive reinforcement here:

https://brainly.com/question/15869859

#SPJ4

what are some limitations for conducting experiments? are they all specific to experiments with sentient life?

Answers

There are several limitations for conducting experiments, some of which are specific to experiments with sentient life, and others that apply more broadly.

Some limitations include ethical considerations, such as the need to ensure that the subjects of the experiment are not subjected to harm or suffering.

Other limitations include practical considerations, such as the need for appropriate controls and a large enough sample size to produce meaningful results. Additionally, there may be limitations in terms of the resources and funding available for the experiment, as well as time constraints.

However, many of these limitations are not specific to experiments with sentient life, but apply more broadly to all types of experiments. For example, ethical considerations such as the need to obtain informed consent and the need to minimize harm to participants are important considerations in any type of experiment.

Similarly, practical limitations such as the need for adequate resources and time constraints are also relevant to all experiments, regardless of the type of subjects involved.

Overall, while there are some limitations that are specific to experiments with sentient life, many limitations apply more broadly to all types of experiments.

To know more about ethical considerations click on the link below:

https://brainly.com/question/30097388#

#SPJ11

Which of the following would be most appropriate?

1) you see a fight break out at school, and so you call a national official

2) you discover a broken streetlight, and so you call a national official

3) you notice that the interstate exit has damage, and so you call a state official

4) you found a dog roaming the neighborhood, and so you call a state official

PLS HELP IM SO CONFUSED

Answers

Answer:

In my opinion, the most appropriate would be 3rd choice, you notice that the interstate exit has damage, and so you call a state official.

Explanation:

First two options don't even making sense and if we find some dog roaming, we could adopt him or call the social workers.

Hope it helps!

__♥__♥_____♥__♥___ Put This

_♥_____♥_♥_____♥__ Heart

_♥______♥______♥__ On Your

__♥_____/______♥__ Page If

___♥____\_____♥___ You Had

____♥___/___♥_____ Your Heart

______♥_\_♥_______ Broken

________♥_________…………….

Based on Jefferson’s letter to Meriwether Lewis, what was the purpose of the Lewis and Clark Expedition?

to locate the most direct river route to the Pacific Ocean
to establish new settlements along the Missouri River
to create new avenues for commerce and trade along America’s rivers
to discover the best way to invade and conquer the Spanish colonies

Answers

Answer:

the purpose of the Lewis and Clark expedition was to locate the most direct river route to the Pacific Ocean.

The correct option is A). To locate the most direct river route to the Pacific Ocean.

What was the purpose of the Lewis and Clark Expedition?

The Lewis and Clark Expedition is also known as the Corps of Discovery Expedition with the mission to explore the unknown territory.

The main objective of the Lewis and Clark Expedition was to explore the unknown territory and establish trade with the Natives.

Basically, they wanted to explore the Missouri River, and find a land route the Pacific Ocean.

Learn more about the Lewis and Clark Expedition here:-

https://brainly.com/question/1712610

#SPJ2

which of the following is not a strategy for persuading?
a. use fear appeals b. overwhelm the statistics
c. repeat the message d. combine reason with emotion

Answers

The strategy that is not effective for persuading is option b, which suggests overwhelming the statistics.

While statistics can be powerful tools for persuasion, overwhelming the audience with too many statistics or complex data can actually have a counterproductive effect. When information becomes overwhelming or difficult to comprehend, it can lead to confusion and disengagement from the message.

Persuasion is most effective when it engages the audience's emotions, captures their attention, and presents information in a clear and compelling manner. Fear appeals (option a) can be used to evoke emotional responses and motivate action. Repetition of the message (option c) can help reinforce key points and increase message recall. Combining reason with emotion (option d) is also an effective strategy as it appeals to both logical thinking and emotional connections.

In conclusion, overwhelming the audience with statistics is not a recommended strategy for persuasion. Instead, persuasive communication should focus on emotional appeals, clear messaging, repetition, and the balance of reason and emotion to effectively influence the audience's attitudes and behaviors.

To know more about strategy ,visit:
https://brainly.com/question/31930552
#SPJ11

A _____ list is preferred by most people because they think it is easier to read.

Answers

A vertical list is preferred by most people because they think it is easier to read.

This is further explained below.

What is the vertical list?

Generally, To put it simply, a vertical list is organized in a manner that is vertical, as opposed to the line by line as in flowing text.

The list may be formatted as bullet points or arranged in a numbered or alphabetical sequence

In conclusion, The majority of individuals choose to read a list that is formatted vertically because they believe it is simpler to do so.