Sandhill Co. provides the following information about its postretirement benefit plan for the year 2020. Service cost $ 43,200 Contribution to the plan 9,100 Actual and expected return on plan assets 10,900 Benefits paid 19,100 Plan assets at January 1, 2020 101,400 Accumulated postretirement benefit obligation at January 1, 2020 321,800 Discount rate 8 % Compute the postretirement benefit expense for 2020.

Answer:

The correct answer is "58,044".

Explanation:

The given values are:

Service cost,

= $43,200

Accumulated postretirement benefit obligation,

= 321,800

Actual and expected return,

= 10,900

Discount rate,

= 8%

The interest cost will be:

= [tex]321,800\times 8 \ percent[/tex]

= [tex]25,744[/tex]

The Postretirement benefit expense will be:

= [tex]Service \ cost +Interest \ cost-Actual \ and \ expected \ return[/tex]

= [tex]43,200+25,744-10,900[/tex]

= [tex]58,044[/tex]

At Blossom Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation for 2018 was found to be understated by $148000. (2) A strike by the employees of a supplier resulted in a loss of $124000. (3) The inventory at December 31, 2018 was overstated by $199000. The effect of these events and transactions on 2020 income from continuing operations net of tax would be

If different types of parol evidence contradict each other, this is the hierarchy of what prevails:

a. Course of performance, course of dealing, usage of trade Usage of trade.
b. Course of dealing, course of performance.
c. Course of dealing, usage of trade, course of performance
d. Course of performance, usage of trading, course of dealing

The Eggers Corporation filed an amended Form 1120, claiming an additional $400,000 deduction for payments to a contractor for a prior tax year. The amended return was based on the entity's interpretation of a Regulation that defined deductible advance payment expenditures. The nature of Eggers's activity with the contractor did not exactly fit the language of the Regulation. Nevertheless, because so much tax was at stake, Eggers's tax department decided to claim the deduction. Eggers’s tax department estimated that there was only a 15% chance that Eggers’s interpretation would stand up to a Tax Court review.
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b. What would be the result if there was a 45% chance that Eggers’s interpretation of the Regulation was correct?

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How can a company take advantage of viral diffusion in a rapidly growing market?

a. They can give opinion leaders free products to use.
b. They can identify and court opinion leaders in a particular market.
c. All of these are ways for companies to take advantage of viral diffusion in a rapidly growing market.
d. They can encourage experts in the field to use the product first.
e. They can create a partnership with opinion leaders to help further develop the technology.

At UPS, a 12-step process prescribes how drivers should park their trucks, locate the package they are about to deliver, and step off the truck. UPS corporate manual carefully detail rules and routines and dictates where drivers should stop to get gas, how they should hold their keys in their hands, and how to lift and lower packages. What best describes the 12-step procedures at UPS?

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Date Spot Rate Option Premium
1-Dec-18 $0.97 $0.05
31-Dec-18 $0.95 $0.04
1-Feb-19 $0.94 $0.03

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Compute the fair value of the foreign currency option at February 1.

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(1) Sales and receivables are entered at gross selling price.
(2) Sales and receivables are entered at net of cash discounts.
(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No.
Date Account Titles and Explanation Debit Credit
(1)
June 3June 12
June 12
(2)
June 3June 12 June 3June 12
SHOW LIST OF ACCOUNTS
LINK TO TEXT
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Date Account Titles and Explanation Debit Credit
July 29
SHOW LIST OF ACCOUNTS
LINK TO TEXT

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Required:
What is the difference in before-tax income between the CEO's and Heather's treatment of the situation? Discuss Heather Meyer's ethical dilemma.

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A. Natural Resources
O B. Company Reputation
C. Customers
O D. Legal Consultants

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