Headland Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2020 and 2021.

2020

2021

Projected benefit obligation, January 1 $604,400
Plan assets (fair value and market-related value), January 1 413,300
Pension asset/liability, January 1 191,100 Cr.
Prior service cost, January 1 159,200
Service cost 40,000 $58,500
Settlement rate 10 % 10 %
Expected rate of return 10 % 10 %
Actual return on plan assets 36,000 61,600
Amortization of prior service cost 69,300 50,000
Annual contributions 96,700 81,400
Benefits paid retirees 31,600 54,040
Increase in projected benefit obligation due to changes in actuarial assumptions 86,300 0
Accumulated benefit obligation at December 31 722,000 792,600
Average service life of all employees 20 years
Vested benefit obligation at December 31
465,900

1.Prepare a pension worksheet presenting both years 2020 and 2021.

2.

Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year.

3. For 2021, indicate the pension amounts reported in the financial statements.

An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u.s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.

In each of the cases below, assume division x has a product that can be sold either to outside customers or to division y of the same company for use in its production process. the managers of the divisions are evaluated based on their divisional profits. case a b division x: capacity in units 200,000 200,000 number of units being sold to outside customers 200,000 160,000 selling price per unit to outside customers $ 90 $ 75 variable costs per unit $ 70 $ 60 fixed costs per unit (based on capacity) $ 13 $ 8 division y: number of units needed for production 40,000 40,000 purchase price per unit now being paid to an outside supplier $ 86 $ 74 required: 1. refer to the data in case a above. assume in this case that $3 per unit in variable selling costs can be avoided on intracompany sales. a. what is the lowest acceptable transfer price from the perspective of the selling division? b. what is the highest acceptable transfer price from the perspective of the buying division? c. what is the range of acceptable transfer prices (if any) between the two divisions? if the managers are free to negotiate and make decisions on their own, will a transfer probably take place?