Stanley-morgan industries adopted a defined benefit pension plan on april 12, 2016. the provisions of the plan were not made retroactive to prior years. a local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. a consulting firm, engaged as actuary, recommends 6% as the appropriate discount rate. the service cost is $150,000 for 2016 and $200,000 for 2017. year-end funding is $160,000 for 2016 and $170,000 for 2017. required: calculate each of the following amounts as of both december 31, 2016, and december 31, 2017: (enter you answers in thousands (i. e., 200,000 should be entered as 1. projected benefit obligation 2. plan assets 3. pension expense 4. net pension asset/liability

List at least two policies or procedures your company can use to protect the health and safety of employees

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))