The following defined pension data of Novak Corp. apply to the year 2017 Projected benefit obligation, 1/1/17 (before amendment) 569000
Plan assets, 1/1/17 553900
Pension liability On January 1, 2017, 15,100
Novak Corp., through plan amendment, 121,000
grants prior service benefits having a present value of
Settlement rate 8%
Service cost 63400
Contributions (funding) 62400
Actual (expected) return on plan assets 52,700
Benefits paid to retirees 38,400
Prior service cost amortization for 2017 16,200
For 2017, prepare a pension worksheet for Novak Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts (Enter all amounts as positive.)

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above