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arsen [322]
3 years ago
13

Redding Corp. reported the following information in its 2017 annual report (in millions). Plans' assets at fair value, January 1

, 2017 $18,394 Actual return on plans assets 2,034 Company contributions 1,394 Benefits paid 1,792 Expected return on plan assets 1,981 What were the pension plan assets at the end of the year? A. $20,030 million B. $16,712 million C. $13,855 million D. $16,668 million E. None of the above
Business
1 answer:
Cloud [144]3 years ago
4 0

Answer:

Pension Plan Assets at end of year = $20,030

so correct option is A. $20,030 million

Explanation:

given data

Assets value =  $18,394

Actual Return = $2,034

Contribution = $1,394

Benefit Paid  = $1,792

to find out

What were the pension plan assets at the end of the year

solution

we get here Pension Plan Assets at end of year that is express as

Pension Plan Assets at end of year = Assets value  + Actual Return + Contribution - Benefit Paid    ..........................1

put here value we get

Pension Plan Assets at end of year = $18,394 + $2,034 + $1,394 - $1,792

Pension Plan Assets at end of year = $20,030

so correct option is A. $20,030 million

You might be interested in
Athena Company provides employee health insurance that costs $15,100 per month. In addition, the company contributes an amount e
weqwewe [10]

Answer:

Debit to Employee Benefits Expense $21,140

Explanation:

Preparation of Athena Company entry to record the accrued benefits for the month

Using this formula

Accrued Expenses = Gross salary ×Percentage of the amount contributed+ Insurance cost

Let plug in the formula

Accrued Expenses= $151,000 × 0.04

= $6,040 + $15,100

= $21,140

Debit to Employee Benefits Expense $21,140.

Therefore the entry to record the accrued benefits for the month would include a: Debit to Employee Benefits Expense $21,140.

5 0
3 years ago
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
Gre4nikov [31]

Answer:

a.Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

A country has a comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

A person has an absolute advantage in production if it produces more quantities of the good when compared with other countries.

Georgeland produces more quantities of both food and clothes when compared to Alland, so it has absolute advantage in both activities .

The opportunity cost of georgeland in producing clothes = 36 / 18=2

The opportunity cost of georgeland producing food = 18 / 36 = 0.5

For Alland,

the opportunity cost of producing clothes = 32 / 16= 2

the opportunity cost of producing food = 16 / 32 = 0.5

Neither countries don't have a comparative advantage in the production of either clothes of food bedside they have the same opportunity costs in both activities.

I hope my answer helps you

7 0
3 years ago
Rick deposited $3,100 into an account 13 years ago for an emergency fund. Today, that account is worth $5,280. What annual rate
trasher [3.6K]

Answer:

4.18%

Explanation:

The formula for used for this calculation is given as

Future value = Present( Initial) value  (1 + r)ⁿ

Where n = number of years of the investment = 13 years

Future value  (Amount of the investment after 13 years)= $5,280

Present ( Initial) value (Amount of the investment before 13 years) =  $3,100

r = rate of return

The formula for r is derived as:

r = (Future value/ Present (initial) value)¹/ⁿ- 1

r = ($5,280/$3,100)¹/¹³ - 1

r = 1.0418139573 - 1

r = 0.0418139573

r is always in percentage format

r = 0.0418139573 × 100

r= 4.18139573%

Approximately, the rate of return annually for 13 years  = 4.18%

8 0
2 years ago
Insight Guides, a line of travel books, provide travelers with background information about the peoples' beliefs, values, and cu
astra-53 [7]

Answer:

culture

                               

Explanation:

Insight Guides refers to a travel company based in London, England, having operational offices in Singapore and Warsaw, established by Hans Johannes Hofer. They offer customized vacation packages to thousands of locations all over the world and also a range of full-color guide books. They even manufacture tourists ' charts, globes, and traveling accessories.

Insight Guides announced a new website in September 2015, focusing on the sale of customized package deals crafted by real experts. They often publish stuff and updates relevant to travel on their forum.

6 0
2 years ago
An employer can refuse to hire you if you refuse a drug screening test or background check.
Kruka [31]
Yes. this statement is true.
Why?
Because it is one of the Company's requirements to have a medical certificate before you can be deployed to their company.
If in case you will refuse to follow this order from them, they have all the authority to backout from hiring you to their comapany
8 0
3 years ago
Read 2 more answers
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