The EPBO for a particular employee on January 1, 2021, was $39,000. The APBO at the beginning of the year was $7,800. The appropriate discount rate for this postretirement plan is 8%. The employee is expected to serve the company for a total of 25 years with 5 of those years already served as of January 1, 2021. What is the APBO at December 31, 2021? (Round your answer to the nearest whole dollar.)

On June 1, 2021, Demer Consulting provides services to a customer for $150,000. To pay for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each June 1. Required: 1. Record the acceptance of the note on June 1, 2021.2. Record the interest collected on June 1 for 2022 and 2023, and the adjustment for interest revenue on December 31, 2021, 2022, and 2023.3. Record the cash collection on June 1, 2023. Record the acceptance of the note.  please do a journal entry for each date. listed below. There should be 7 in total         Date Jun 01, 2021 dec 31,2021 jan 01,2022 dec 31,2022 jun 01,2023 dec 31,2023 jun 01,2023

Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 2021. Alternatively, the employee can receive $39,000 at the date of employment plus $10,000 each June 1 for five years, beginning in 2025. Assuming the employee's time value of money is 9% annually, what single amount of the employment date would make the options equally desirable? (EV. of $1. PV of $1. EVA of $1. PVA of $1 EVAD of 51 and PVAD of 5) (Use appropriate factor(s) from the tables provided.) Pr

At the end of 2022, the following information is available for Great Adventures.   Additional interest for five months needs to be accrued on the $32,200, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $12,200 of the $32,200 loan discussed above is due next year. By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $27,200 during the year and recorded those as Deferred Revenue. Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, and the estimated amount to be paid is $14,200. For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $6,200.   No Date General Journal Debit Credit 1 Dec 31 Interest Expense 805       Interest Payable   805…

Your company’s pension plan earns 4.3 % interest per year, compounded quarterly.      a)  You would like to receive payments of $40,000 quarterly while retired.  If you would like these payments paid out over 25 years, what amount of money will you need in your pension fund at the beginning of your retirement years?     Give the answer correctly to 2 decimal places, and do not use the $ sign in the answer box. The money you will need at the beginning of your retirement years is  Blank 1. Calculate the answer by read surrounding text. dollars.        b)  Use your answer from part a to help you to determine how much you should put into your pension fund quarterly during your working years to reach your retirement goals.  Assume you are planning to work for 30 years.     Give the answer correctly to 2 decimal places, and do not use the $ sign in the answer box.     The amount you should deposit quarterly during your working years is  Blank 2. Calculate the answer by read surrounding text.…

A company gives each of its 50 employees (assume they were all employed continuously through 2020 and 2021) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year.  The employees work 8 hours per day.  In 2020, they made $17.50 per hour and in 2021 they made $20 per hour.  During 2021, they took an average of 9 days of vacation each.  The company’s policy is to record the liability existing at the end of each year at the wage rate for that year.  What amount of vacation liability would be reflected on the 2020 and 2021 balance sheets, respectively? Select one: $96,000; $117,000 $96,000; $120,000 $84,000; $120,000 $84,000; $117,000

Oregon Company's employees are eligible for retirement with benefits at the end of the year in which both age 60 is attained and they have completed 35 years of service. The benefits provide 15 years' rimbursement for health care services of $21,000 annually, beginning one year from the date of retirement Ralph Young was hired at the beginning of 1988 by Oregon after turning age 22 and is expected to retire at the end of 2026 (age 60) The discount rate is 3%. The plan is unfunded. The PV of an ordinary annuity of $1 where n-15 and/-3% is 1193794 The PV of $1 where n-2 and/-3% is 094260 With respect to Ralph, what is Oregon's expected postretirement beneft obligation (EPBO) et the end of 2024, rounded to the nearest dolar? Muple Choice O O O $122.195 $236,307 $60 1764.400

When your firm hires a new employee this year, it is obligated to contribute GBP £5,000 to a defined contribution plan for that employee, one year after the hire date. The contribution must be adjusted annually for inflation. Assume that inflation will be a constant 2.0% a year from this point forward. What is the pension cost to you of hiring a 30 year old who will be with the company for 32 years if the appropriate discount rate is 10%? Round your answer to the nearest pound.

The EPBO for a particular employee on January 1,2024, was $36,000. The APBO at the beginning of the year was $7,200. The appropriate discount rate for this postretirement plan is 10%. The employee is expected to serve the company for a total of 25 years with 5 of those vears already served as of January 1,2024. What is the APBO On December 31, 2024? Note: Round your answer to the nearest whole dollar.

In January, you start a job with Acme manufacturing at salary of $66,000 per year paid in equal amounts over 12 months. You have negotiated for a guaranteed 3% raise each year while you work at Acme and you decide to save 10% of your monthly income for retirement. Assume interest equals 1%/month compounded monthly. What is the balance of your retirement account at the end of five years?