Pension data for a company for the current year include the following: Interest rate, 10.0% Expected return on plan assets, 14.0% Actual return on plan assets, 11.0% Service cost, $23,000 January 1: PBO $ 207,000 Plan assets 230,000 Amortization of prior service cost 11,500 Amortization of net gain 3,910 December 31: PBO $ 184,270 Plan assets 258,300 Cash contributions to pension fund 50,800 Benefit payments to retirees 47,800 Required: Prepare the journal entries to record pension expense, funding, and the payout of retiree benefits during the year. (Enter values in whole dollars.)

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

How many months does the federal budget usually take to prepare