Smith, Inc. has a pension plan with the following data available for 2018 and 2019: 20182019Service cost$30,000 $34,000 Interest cost$18,000 $20,000 Actual return on plan assets$15,000 $21,600 Beginning of year plan assets$200,000 $240,000 Discount rate 8% 8%Expected return on plan assets 8% 8%Smith's pension expense for 2019 is:
A. $32,400.
B. $54,000.
C. $34,800.
D. $34,000.
Answer: C
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Mohr Company purchases a machine at the beginning of the year at a cost of $40,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $9000 salvage value. The book value of the machine at the end of year 2 is:
A. $23,250. B. $32,250. C. $31,000. D. $3875. E. $7750.
The general personal selling process, which is widely accepted, consists of ________ steps
A) three B) four C) five D) six E) seven
Regal Marine:
A) no longer builds boats with any wooden parts. B) has replaced all human labor with robots. C) treats the product design decision as critical to its success. D) gets its competitive advantage by being the low-cost producer of boats designed by others. E) designs several new boats each year, but contracts other firms for their manufacture.
________ involves the ability to respond with little penalty in time, cost, or customer value
Fill in the blanks with correct word