Carolina Consulting Company Has a Defined Benefit Pension Plan

question 99

Essay

Carolina Consulting Company has a defined benefit pension plan. The following pension-related data were available for the current calendar year: There were no other relevant data.
Required:
1) Calculate the 2013 pension expense. Show calculations.
2) Prepare the 2013 journal entries to record pension expense and funding.
3) Prepare any journal entries to record any 2013 gains or losses.

Distinguish between different types of goods (normal, inferior, complements, and substitutes) based on consumer behavior.

Understand the relationship between the marginal utility of goods and the allocation of income to maximize total utility.

Understand the concepts of normal goods, inferior goods, and Giffen goods.

Analyze how changes in income and prices affect consumer choices.

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Definitions:

Sexual Harassment

The demanding of sexual favors in return for job promotions or other benefits, or language or conduct that is so sexually offensive that it creates a hostile working environment.

Sexually Offensive Conduct

behaviors or actions that are sexual in nature and violate social norms or legal standards, potentially leading to sexual harassment or assault allegations.

Employer

A person or organization that hires people to work for them in exchange for compensation.

Disparate-Impact Discrimination

Discrimination that results from certain employer practices or procedures that, although not discriminatory on their face, have a discriminatory effect.