Questions
Exercise 20-12 (Part Level Submission) Martinez Company received the following selected information from its pension plan...

Exercise 20-12 (Part Level Submission)

Martinez Company received the following selected information from its pension plan trustee concerning the operation of the company’s defined benefit pension plan for the year ended December 31, 2020.

January 1, 2020

December 31, 2020

Projected benefit obligation $1,522,000 $1,549,000
Market-related and fair value of plan assets 797,000 1,123,700
Accumulated benefit obligation 1,570,000 1,687,800
Accumulated OCI (G/L)—Net gain 0 (202,200 )

The service cost component of pension expense for employee services rendered in the current year amounted to $77,000 and the amortization of prior service cost was $117,800. The company’s actual funding (contributions) of the plan in 2020 amounted to $247,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of $1,178,000 on January 1, 2020. Assume no benefits paid in 2020.

a.  Determine the amounts of the components of pension expense that should be recognized by the company in 2020.

b.  Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020.

c.  Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Ferreri Company for the year 2020.

In: Accounting

Could you please recommend some thesis statements, Research questions, problem statements for my MBA Thesis, Topic:...

Could you please recommend some thesis statements, Research questions, problem statements for my MBA Thesis,

Topic: Block chain Technology

Starting with various types of cryptocurrencies

In: Accounting

Q5. What is the role and importance of market analysis in marketing planning? (Please the Expert...

Q5. What is the role and importance of market analysis in marketing planning?

(Please the Expert needs to submit a detailed answer which must be a standout in a very competitive MBA Marketing Class).

In: Psychology

Consider the managers of two organizations. Organization 1 is a government agency and its manager, the...

Consider the managers of two organizations. Organization 1 is a government agency and its manager, the CEO, is employed by the federal government financed by the taxpayers. It may be a regulatory agency. Organization 2 is a private for-profit business and its manager, the CEO, is employed by the board of directors appointed by the shareholders and financed by the earnings of the company. How does the position of these two managers differ with respect to the following?

1.The incentives they face

2.How they are held accountable and how their performance is judged

3.How they receive feedback good and bad

4.How their performance is related to the people they are supposed ultimately to serve.

In: Economics

Rick is lead scientist for X Ltd, a pharmaceutical company that is working on a Covid-19...

Rick is lead scientist for X Ltd, a pharmaceutical company that is working on a Covid-19 vaccine. Developing a vaccine requires a great deal of trial and error, creativity, and there is no guarantee of project success. Indeed, in more general pharmaceutical production, only about 1 in 10,000 projects are ultimately successful.

Required:

The CEO of X Ltd is concerned about Rick's performance on the Covid-19 project, costs are high and there is no guarantee of success. The CEO wants to implement a control system to measure Rick's performance. Evaluate the use of "Personnel Controls" as part of a control system to assess Rick's performance.

In: Accounting

Rick is lead scientist for X Ltd, a pharmaceutical company that is working on a Covid-19...

Rick is lead scientist for X Ltd, a pharmaceutical company that is working on a Covid-19 vaccine. Developing a vaccine requires a great deal of trial and error, creativity, and there is no guarantee of project success. Indeed, in more general pharmaceutical production, only about 1 in 10,000 projects are ultimately successful.

Required:

The CEO of X Ltd is concerned about Rick's performance on the Covid-19 project, costs are high and there is no guarantee of success. The CEO wants to implement a control system to measure Rick's performance. Evaluate the use of "Action Controls" as part of a control system to assess Rick's performance.

In: Accounting

You are 20 years old and have completed your BBA and want to pursue further education...

You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to take money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses.

  1. Will you be able to meet your goal at this current saving rate?
  2. What percentage of your salary should you save if you want to have exactly your university expenses amount?
  3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer.

      4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer.

Important note: *kindly do make sure that you have read the question properly because there is a confusion in question regarding Its 2 years MBA or 5 years MBA. The calculation is based on the time period of MBA program*.

In: Finance

Throughout this course, you will review scenarios involving Company A, which has been acquired by Company...

Throughout this course, you will review scenarios involving Company A, which has been acquired by Company B. Company A was founded in 1956 in Mobile, Alabama. The average age of its workforce is 57 and it is comprised of 40% Caucasian and 85% male. Company B was founded in 1997 in San Francisco, California. The average age of its workforce is 35 and it is comprised of 45% Caucasian and 50% male.

These two companies have been staunch competitors in the marketplace for several years and the employees of Company A are resentful of integrating with their former rival. There are many strategic and ethical challenges involved in this acquisition. A few of the goals of the acquisition project are listed below:

Managing the Communication and Information Sharing:

The company wants to keep employees informed of how the acquisition will impact them.

The company wants to be sure that they provide enough information to satisfy the employees, but not provide so much that the employees feel overwhelmed.

The company wants to be sure that the timing of the communication matches their execution of the changes within the two organizations.

Managing the Consolidation and Changes:

There is no doubt that there will be layoffs as a result of the acquisition. The company wants to do what is best for the acquisition in a way that inflicts the least amount of harm to the existing employees.

The company wants to make the decisions about who to layoff in the fairest way possible.

The company wants to try and limit exposure to potential discrimination (age and gender) stemming from the layoffs.

Managing the Relocations of Some the Employees:

Another impact of acquisitions is that employees may be asked to relocate in order to maintain employment in the newly formed organization.

The company wants to manage the expenses and potential disruption with the relocations.

The company wants to assess relocations verses hiring new employees locally.

Let us look at the role and responsibilities of HR managers regarding managing the company’s goals related to the recent acquisition.

Instructions:

You have a wide variety of employees encompassing different ages, genders, and ethnic backgrounds represented in these two companies. As a Strategic HR Director, your goal is to create a workforce that will effectively move the newly formed company forward.

Now, address the following issues:

Identify all of the information you would need to effectively manage the three goals above.

Identify the challenges and potential issues related to implementing the three goals above.

Develop recommendations for strategies to address these challenges and help the newly formed company meet its goals.

In: Operations Management

Sugar Ltd was involved in the following transactions during 1 July 2019 to 30 June 2020...

Sugar Ltd was involved in the following transactions during 1 July 2019 to 30 June 2020 financial period.

  1. On 5 November 2019 the directors of the company decided to raise extra capital by issuing 2 million ordinary shares publicly at a price of $2 each share. The company received application monies of $4,800,000 for 2.4 million shares on 30 November.
  2. The company decided to allot shares to applicants on the basis of 10 shares for every 12 shares applied for on 30 December.
  3. On 30 December, the excess amounts paid on application were refunded to applicants after the allotment.
  4. The funds raised were transferred to the company’s business account.
  5. The company paid $300,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020.
  6. The company issued 280,000 bonus shares at a price of $2 per share from general reserve on 30 June 2020.
  7. The company earned $700,000 profit during the financial year ended 30 June 2020.

Required:

Provide journal entries to record the above transactions for 2019/2020 financial year. (Narrations are required)   

In: Finance

Sugar Ltd was involved in the following transactions during 1 July 2019 to 30 June 2020...

Sugar Ltd was involved in the following transactions during 1 July 2019 to 30 June 2020 financial period.

  1. On 5 November 2019 the directors of the company decided to raise extra capital by issuing 2 million ordinary shares publicly at a price of $2 each share. The company received application monies of $4,800,000 for 2.4 million shares on 30 November.
  2. The company decided to allot shares to applicants on the basis of 10 shares for every 12 shares applied for on 30 December.
  3. On 30 December, the excess amounts paid on application were refunded to applicants after the allotment.
  4. The funds raised were transferred to the company’s business account.
  5. The company paid $300,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020.
  6. The company issued 280,000 bonus shares at a price of $2 per share from general reserve on 30 June 2020.
  7. The company earned $700,000 profit during the financial year ended 30 June 2020.

Required:

Provide journal entries to record the above transactions for 2019/2020 financial year. (Narrations are required)

In: Accounting