Business College

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.

Answers

Answer 1

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]

Related Questions

Other Questions
Complete the sentences with the appropriate tense: SIMPLE PAST or PAST CONTINUOUS how many days can the human body survive without food ONLY answer if you know! Which of the following will have a negative result? (1 point)O-8-(-10)O 12-1407-(-3) What transition would be the most appropriate to use at the beginning of sentence 6? Find the area of the shape below.Give your answer in terms of pi6cm8cm32cmThe diagram is not drawn to scale. Match each fraction on the left with the corresponding percent on the right. Some options on the right will be used more thanonce. Describe the characteristics of temperature and rainfall in the hot semi-arid climate zone.[4] WhatThe differee between Riversible Inhibition andirrversibel Inhibition If the area of a concrete slap weighing 300n is 400cm2 ,how much pressure can it apply when kept on the ground When authors write, why do they consider the connotation of words? Name two components of gis I didn't pay attention in class for a few days and now I'm lost. if somebody could at least explain proportions I would be very thankful. 16Select the correct answer.Which verb phrase correctly completes this sentence?Durante los prximos meses ella y yopor toda Sudamrica.O A.estar viajandoOB.estars viajandoOC.estaremos viajandoOD.estarn viajandoResetNext A coin is tossed 4 times. Find the probability that a maximum of one head (exactly one head or no head) turns up. (A) 0.375 (B) 0.25 (C) 0.50 (D) 0.0625 (E) 0.3125 Why did people believe that the civil war would not last very long? 40 points+brainliest A cargo plane flew from the US across the Atlantic at 280 mph, and flew back to the US at 300mph. Given that the first trip took two hours longer, how long was the return trip? Why is spreading awareness about depression important? list tree reasons and explain I need help I'm confused 1. TEMPERATURE Suppose the temperatureoutside is dropping 3 degrees eachhour. How much will the temperaturedrop in 8 hour? Price of Tether coin right now?Don't answer if u don't know.