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Helga [31]
3 years ago
14

Zink Co.’s defined benefit pension plan had plan assets with a fair value of $325,000 at December 31, year 8, and of $375,000 at

December 31, year 9. During year 9, Zink Co. recognized pension expense of $120,000 and contributed a total of $130,000 to the plan. Certain plan investments, which had a cost and carrying value of $125,000, were sold for $70,000 and payments to retirees for pension benefits amounted to $150,000. What was the actual return on plan assets?
Business
1 answer:
Lady_Fox [76]3 years ago
8 0

Answer:

C. A return of $70000

Explanation:

Given that

Beginning plan asset = 325000

End plan asset = 375000

Contributions = 130000

Total avalable assets initially = beginning plan asset + contributions

= 325000 + 130000

= 455,000.

Distributions of pension resulted in less 150000

Thus,

Balance = 455000 - 150000

= 305000.

But recall that the ending balance was

375000

Thus,

The difference between 375000 and 305000 = $70000, represents the return on plan assets.

Hence return on plan assets

= $70,000

NOTE that, the loss of $55,000 from sale of specific investments is included in the net gain of $70,000

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D. coping with scarcity, and choices made as a result of scarcity in a society.

<h2>Economics</h2>
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3 0
3 years ago
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The tax rates are as shown. taxable income tax rate $0 – 50,000 15% 50,001 – 75,000 25% 75,001 – 100,000 34% 100,001 – 335,000 3
Goshia [24]
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3 0
4 years ago
Checking account balance $651,600; cash restricted for future plant expansion $540,900; short-term Treasury bills $185,260; cash
Lerok [7]

Answer:

Cash balance is $652,440

Explanation:

The cash balance is computed as:

Cash balance = Checking account balance + Cash Advance

                       = $651,600 + $840

                        = $652,440

Future plant expansion would not be included in cash balance because it is restricted to use as it is kept for future expansion.

Advance to executive will not be included in the cash balance because it is an advance which is receivable in future.

Refundable deposit will also not be included as it is refundable in nature and act as receivable.

Treasury bill is not included as it represent temporary investment.

5 0
4 years ago
Under the UCC Secured Transactions Article, which of the following actions will best perfect a security interest in a negotiable
r-ruslan [8.4K]

Answer: Option (B)

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4 0
4 years ago
The first month of operation showed the net cash from operating activities to be $3,760, the net cash from investing activities
melomori [17]

I guess the correct answer is $5,080.

The first month of operation showed the net cash from operating activities to be $3,760, the net cash from investing activities to be ($5,415), and the ending cash balance to be $3,425. The net cash from financing activities must be  $5,080.

4 0
3 years ago
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