What is the pension expense for the following plan?
"The plan requires the company to contribute $500 for each of its 1,000 employees. The plan hopes to accumulate enough funds so that retirees receive $20,000 in the future; the company has no obligation to guarantee the investment returns."
3) Tener Company sponsors a defined contribution pension plan for its employees. The plan specifies that the company will contribute $2 for every dollar that an employee contributes to the plan. Employees are eligible to contribute up to 7% of their salary to the pension plan. During 2012, employees covered by the pension plan earned salaries totalling $42 million. Employee contributions to the pension totalled $2.1 million. Tener contributed $3 million to the plan during the year.
Provide the summary journal entry for Tener's pension plan for 2012.
A depreciation of the rand may have inflationary consequences in South Africa because it: a) Increases the costs of exports. b) Discourages savings. c) Decreases the inte...Apr 30 2020
Express Warranties.Charity Bell bought a used Toyota Avalon from Awny Gobran of Gobran Auto Sales, Inc. The odometer showed that the car had been driven 147,000 miles. Be...Aug 04 2021
When Ammonium chloride is dissolved in water _____ is absorbed. (a) Mass (b) Heat (c) Time (d) SaltJul 13 2021
Analyse the IR spectrum of Acetanilide (C8H9NO) (functional group absorbable, peak due to the bond, and peak due to the bond motion).May 20 2021
Bond Value as Maturity Approaches. I have the answers. Must show all work/formulasAn investor has two bonds in his portfolio. Each bond matures in 4 years has a face valu...May 29 2020
If the liquidity effect is smaller than the other effects, and the adjustment to expected inflation is slow, then the... A) interest rate will fall. B) interest rate will...Apr 02 2020
Write a python program to process data from a file. Each line of the file will contain a last name, first name, and two exam scores. The items are separated bycommas. Fol...May 27 2020
Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. In February the company predicted they would sell 1...Jun 01 2018
Today, several basic demographic patterns are influencing marketing mixes. Because the U.S. population is growing at a slower rate, marketers can no longer rely on profit...Jul 23 2021
If dc then pe 1 1 3 3Apr 29 2021