You have joined Member Company as an accounting manager. You were reviewing the financial statements to get yourself familiar with the company.

You have joined Member Company as an accounting manager. You were reviewing the financial statements to get yourself familiar with the company. While conducting the review, you had some concerns about their pension assets.
Member Company had pension assets of $14 million and vested pension obligation of $12 million, but the projected benefit obligation was about $16 million. The pension assets were underfunded because the obligations were $16 million compared to the assets of $14 million.
You approached the controller Bill Jensen and said to him, “Bill, while reviewing the financial statements, I noticed that we have a problem with the pension assets being underfunded by $2 million. We have pension assets worth $14 million compared to our outstanding obligations of $16 million. We need to clean that up and put some more funds in the pension assets.”
Bill looked unconcerned. He replied, “I noticed that. No problem! Why don’t we fire the employees who are not vested because the vested pension obligation is $12 million compared to the pension assets of $14 million? What do you think?”
How should you respond?
What should you do?







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10