Sage Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets $460,800
Projected benefit obligation 616,200
Pension asset/liability 155,400
Accumulated OCI (PSC) 95,200 Dr.
As a result of the operation of the plan during 2017, the following additional data are provided by the actuary.
Service cost $88,500
Settlement rate, 10%
Actual return on plan assets 54,100
Amortization of prior service cost 19,700
Expected return on plan assets 51,300
Unexpected loss from change in projected benefit obligation,
due to change in actuarial predictions 74,700
Contributions 102,700
Benefits paid retirees 82,800
Instructions:
1. Using the data above, compute pension expense for Webb Corp. for the year 2020 by preparing a pension worksheet.
2. Prepare the journal entry for pension expense for 2020.

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms.if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.