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Assume that the company The New Era Inc. wishes to calculate the... Assume that the company The New Era Inc. wishes to calculate the prior

Assume that the company The New Era Inc. wishes to calculate the...

Assume that the company The New Era Inc. wishes to calculate the prior service cost for its employees and supplies the following information:

Your Total Prior Service Cost is $103,500

1- Determine the number of employees per years of work 2- Calculate this PSC per year.

Number of Employees Expected Retirement Date by Retirement Years 2016 42 2017 48 2018 51 2019 53 2020 55 2021 62

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