Pension Problem

ABC Company had the following:

1. The company adopts a pension plan on January 1, 2010. No retroactive benefits were granted to employees.
2. The service cost for each year is 2010 $400,000; 2011 $420,000; 2012 $432,000.
3. The projected benefit obligation at the beginning of each year is 2011 $400,000 and 2012 $840,000.
4. The discount rate is 4%.
5. The expected long-term rate of return on plan assets is 5% which is also equal to the actual rate of return.
6. The Company adopts a policy of funding an amount equal to the pension expense and makes the payment to the funding agency at the end of each year.
7. Plan assets are based on the amounts contributed each year, plus a return of 5% per year, less an assumed payment of $20,000 at the end of each year to retired employees (beginning in 2011).

To do:

1. Calculate the pension expense for each year (show calculations) and give journal entry. Take note of fact #6 when creating your simple journal entry.
2. If funding is $385,000 for 2010, $400,000 for 2011 and $415,000 for 2012, what is your journal entry?

An insurance company reported the following balance sheet at year end for 2009 (all amounts are in millions of dollars)

Assets

Investments $1500

Insurance assets 300

Total 1800

Liabilities and equity

Insurance claims 700

Unearned premiums 140

Long-term debt 150

Equity 810

Total 1800

Investments are available-for-sale securities marked to market.

The company reported the following income statement for 2010

Premium revenue 365

Investment income 60

Realized gains on investments 80

Total revenue 505

Insurance losses and expenses 405

Net income 100

In addition, the company reported $65 million in unrealized losses on investments as part of other comprehensive income in its equity statement

Ignore taxes in answering the following question:

1. What was the rate of return earned on investments for 2010?
2. Calculate net operating assets in the insurance underwriting part of the business at the end of 2009.
3. Calculate both the earnings and residual earnings from the insurance underwriting part of the business for 2010. Use a required return rate of 9% for this calculation

A 35.00 mL solution of 0.25M HF is titrated with a standardized 0.1408 M solution of NaOH at 25C.

a.What is the PH of the HF solution before titrant is added?

b.How many milliliters of titrant are required to reach the equivalence point?

c.What is the PH at 0.5ml before the equivalence point?

d.What is the PH at the equivalence point? e.What is the PH at 0.5 ml after the equivalence point?

A block of mass 2 kg and a block of mass 3 kg are sliding on a frictionless surface. They collide and stick together. Before the collision the first block was travelling at 5 m/s in the positive x direction. After the collision the two blocks are travelling at 6 m/s in the negative x direction. What was the x component of the velocity of the second block before the collision?

A student stands at the edge of a cliff and throws a stone horizontally over the edge with a speed of 10.0 m/s. the cliff is 50.0 m above a flat horizontal beach. (a) how long after being released does the stone strike the beach before the cliff? (b) find the speed just before the stone strikes the beach. (c) find the traveling horizontal distance for the stone

A 890 g wooden block is initially at rest on a rough horizontal surface when a 15.8 g bullet is fired horizontally into (but does not go through) it. After the impact, the block-bullet combination slides 6.50 m before coming to rest. If the coefficient of kinetic friction between block and surface is 0.750, determine the speed of the bullet immediately before impact.
(No Response) m/s

1. If by mistake, chemist used 100% ethanol rather than THF as a solvent, would the synthesis proceed as expected? Why or why not?

2. Why is bromotoluene added dropwise to the reaction flask rather than all at once?

3. Draw a dipole moment (see chapter 1) to explain the polarity of the following Grignard reagent?

MgBr

1. In this reaction we will be heating butadiene sulfone to perform a Diels-Alder reaction. What side product is generated upon heating butadiene sulfone and how will we trap this side product?

2. In most chemical reactions it is a bad idea to create a closed system, that is a system which cannot attenuate to pressure changes. In this reaction what measures are taken to avoid a closed system and why would it be a particularly bad idea to create a closed system for this Diels-Alder reaction?

Explain the physiological principles behind the recommendations for daily carbohydrate intake for athletes in training and the intake of specific kinds and amounts of carbohydrate -containing foods before, during and after excercise

Customers are arriving to a shop according to Poisson process with mean 3.2 customers/hour. What is the probability that the next customer will arrive after 10 minutes but before 33 minutes?