they had is contribution into a pension or retirement plan. From an accounting view point, there are many guidelines that need to be followed for companies or universities with these plans. The GASB has proposed changes recently that will affect the pension liability on the financial statements of universities and other non-profits. I have looked at the financial statements of the Ohio State University. The Ohio State University has two basic retirement plans available to their employees
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comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions. A. competency-based pay system B. employee stock ownership plan C. organizational reward system D. merit-pay method Correct: The Correct Answer is: C. Organizational reward systems include both financial and nonfinancial rewards for employee contributions. 2. ___________ bridge the gap between
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What was M’s total after-tax expense in 2009 due to its share-based compensation plans? Stock options compensation expense: $13.0 Associated income tax benefits: ($4.4) Restricted stock compensation expense: $31.7 Associated income tax benefits: ($9.5)Estimated forfeiture rate on unvested stock options?expected fortre rate= (unvested stovk options-options expected to vest/unvested stock options. Unvested=outstanding (outstanding grants)-vested (options exercisable). Expected to vest=vested and expected
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INDIVIDUAL ASSIGNMENT THE ELDERLY POPULATION Niagara College NURS 1270 Amanda Sorrell The Elderly Population How old do you want to live? This is a good question considering that according to research done by Christiansen et. al. (2009), there has been a gain of about 30 years of life expectancy on average, in developed countries globally over the span of the 20th century and Canada is no exception. This increase in life expectancy is primarily due to improvements in
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the following statements about CPP/QPP are true, except: a. these plans cover almost all Canadian employees between the ages of 18 and 65. b. a flat rate benefit is available to each dependent child of a disabled contributor until age 18 or age 25 if attending school. c. individuals may start to collect benefits at age 60 or defer receiving benefits until age 75. d. on termination of a marriage or common-law relationship, pension credits earned by one or both spouses may have to be divided.
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10% of sales in 1983. - There was change in the R&D expenses. Harnischfeger significantly reduced its R&D expenses to $5.1 million in 1984, from 412.1 million in 1983. - There was change in employee pension plans. The Salaried Employee Retirement Plan was terminated in 1984 and a new plan was created.
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portion of the FICA tax and (d) the federal unemployment compensation tax. 4. The deductions from employees’ earnings are for amounts owed (liabilities) to others for such items as federal taxes, state and local income taxes, and contributions to pension plans. 5. Yes. Unemployment compensation taxes are paid by the employer on the first $7,000 of annual earnings for each employee. Therefore, hiring two employees, each earning $12,500 per year, would require the payment of twice the unemployment tax
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The Enron Scandal Case Study FACTS OF THE CASE Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Enron's predecessor was the Northern Natural Gas Company, which was formed during 1932, in Omaha, Nebraska. It was reorganized during 1979 as the main subsidiary of a holding company, Inter-North which was a diversified energy and energy related products company. During 1985, it bought the smaller and less diversified Houston Natural Gas company
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1. What are the most important reforms made to the structure of NI’s pension fund between 1976 and 1979 and why are they undertaken? (1) NI established a separated Pension and Retirement Committee (PRC) to substitute the old Executive Committee of the Board of Directors in making investment decisions. Because the Board of Directors found it was difficult to allocate much time and effort to the pension area. (2) They selected a policy of 70:30 equity: bonds as an appropriate long-run average
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Craig Chapman, Page 1 CRAIG J. CHAPMAN Assistant Professor - Accounting Information and Management Kellogg School of Management, Northwestern University Jacobs Center, Room 6227, 2001 Sheridan Road, Evanston, IL 60208 Telephone: (847) 491-2662, Fax: (847) 467-1202 E-mail: c-chapman@kellogg.northwestern.edu SSRN Research Page: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=417740 Education HARVARD BUSINESS SCHOOL, BOSTON, MA Doctor of Business Administration degree, Accounting
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