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VLD [36.1K]
3 years ago
8

Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year. At the end of th

e year, retiree benefits paid by the trustee were $28 million and cash invested in the pension fund was $32 million. What was the percentage rate of return on plan assets
Business
1 answer:
FromTheMoon [43]3 years ago
4 0

Answer: 4%

Explanation:

From the question, we are informed that Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year and that at the end of the year, retiree benefits paid by the trustee were $28 million and cash invested in the pension fund was $32 million.

Based on the above scenario, the percentage rate of return on plan assets goes thus:

Opening balance of plan assets 1200

Add:- Actual return = 48

Add:- contributions = 32

Less :- retiree benefits = -28

Closing balance of plan assets = 1252

It should be noted that the actual return is the balancing figure which is calculated as:

= 1252 + 28 - 1200 - 32

= 48

The percentage rate of return on plan assets will now be:

= 48/1200

=0.04

= 4%

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Pharoah Company purchased $2600000 of 8%, 5-year bonds from Sheridan, Inc. on January 1, 2021, with interest payable on July 1 a
kobusy [5.1K]

Answer:

$75,260

Explanation:

Calculation for What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity

Using this formula

Comprehensive income/separate component of stockholders' equity=Fair value-(Sales of bonds-July 1, 2021 Amortized premiums-December 31, 2021 Amortized premiums)

Let plug in the formula

Comprehensive income/separate component of stockholders' equity=$2,780,000 - ($2,724,740 - $9,820 - $10,180)

Comprehensive income/separate component of stockholders' equity=$2,780,000-$2,704,740

Comprehensive income/separate component of stockholders' equity= $75,260

Therefore What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity is $75,260

8 0
2 years ago
Explain why two employees at a company, earning the same gross pay, might have different net pays.
Orlov [11]
It would be depending on how they filled out their tax forms before starting the job. Some people may have children to claim on their tax returns and some people may only be able to claim only theirself .
4 0
3 years ago
Read 2 more answers
The effective rate of a $25,000 non-interest-bearing simple discount 10%, 90-day note is
Vlada [557]
<span>For the answer to the question above, the $25,000 due in 90 days.
 I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56

Solve for r: 616.44 = 24383.56*r*(90/365) 

r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded  off the </span></span>24383.56 
5 0
3 years ago
A decline in the domestic real interest rate would cause a ________ in net exports and a ________ in the exchange rate.
ikadub [295]

Answer: fall; rise

Explanation:

The real interest rate is the rate of interest that is received by an investor, lender or after inflation has been taken into consideration.

The real interest rate is when the inflation rate is deducted from the nominal interest rate. A reduction in the domestic real interest rate would cause a fall in net exports and a rise in the exchange rate.

5 0
3 years ago
The tendency of employees in a functionally organized company to become fixated on their own concerns and work assignments to th
lawyer [7]

Answer:

d. Siloing.

Explanation:

Siloing is the present participle of the word silo which means isolated.

The tendency of employees in a functionally organized company to become fixated on their own concerns and work assignments to the exclusion of the needs of other departments is known as siloing because that particular employee is being isolated from other departments. This might include an IT system.

4 0
3 years ago
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