A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit per plan of Universal Products is given below. The actuary's discount rate is 5%. At the end of 2022, the pension formula was amend creating a prior service cost of $180,000. The expected rate of return on assets was 8%, and the average remaining service life. active employee group is 20 years in the current year, as well as, the previous two years. Required: Fill in the missing amounts. Note: Enter your answers in thousands (i.e., 5,500 should be entered as 5.5). Enter credit amounts with a minus sign. (5 in thousands) Balance, January 1, 2024 Service cost Interest cost, 5% Expected return on assets Adjust for Loss on assets Amortization Prior service cost Amortization Net loss Gain on PBO Prior service cost Cash funding Retiree benefits Balance, December 31, 2024 Prior Service Net Loss- PBO Plan Assets Cost-AOCI AOCI S (620.0) S 480.0 $ 171.0 $ (31.0) $ (677.0) $ 162.0 62.0 11.0 Pension Expense 94.0 (38.4) Cash (78.0) Net Pension (Liability)/ Asset $ (140.0) 18.0

Q: If L'Oso desires a 150% markup on production costs, what is the target cost for the new game? (…

A: Target Cost: A target cost is the maximum amount of cost that can be incurred on a product, however,…

Q: OCF analysis

A: Operating Cashflow Analysis  = Net Income + Depreciation and Amortization- Net Working capital

Q: Explain CMO Mechanics?

A: Collateralized mortgage obligation: It is a financial instrument that raises funds by…

Q: Define Assigning.

A: Assigning is a process of assignment. Assignment means a transfer of a right to receive a…

Q: Define value chain.

A: Value Chain: Value Chain is the combination of activities including all the costs to do such…

Q: Definition of Marco

A: Macroeconomics is the study of how the economy behaves in broad outline. It is largely concerned…

Q: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: A figured out

A: Pre determined Overhead rate Calculation  Overhead cost  $      28,80,000 Divided By  Direct…

Q: Accounting

A: Solution: - Definition:- Accounting may be defined as the process of recording, classifying,…

Q: Define terminal value

A: Terminal value is the value of the project or the security at the end of a specified future date.…

Q: Ifrs solution

A: According to the question given, we need to prepare the journal entries, and, the impairment…

Q: Define TED spread

A: The term TED spread stands for Treasury Euro Dollar Spread. It can be defined as the credit…

Q: Define value drivers

A: Introduction: Value drivers are related to concept of free cash flow valuation model. This helps the…

Q: Define agent

A: Introduction: An agent is a party that has oral or written authority to perform for another…

Q: Define charter

A: Introduction: Charters are legalized documents that lawfully set up corporate companies. Only…

Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.