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valina [46]
3 years ago
13

Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the

following pension-related data were available: Projected Benefit Obligation ($ in millions) Balance, January 1, 2018 $ 460 Service cost 48 Interest cost, discount rate, 5% 23 Gain due to changes in actuarial assumptions in 2018 (14 ) Pension benefits paid (23 ) Balance, December 31, 2018 $ 494
Business
1 answer:
uysha [10]3 years ago
8 0

Answer: The projected benefit obligation is $494 millions

Explanation:

Using the formula

Closing PBO = Opening PBO + S + I -B ± A

Where PBO = Projected Benefit Obiligation, S = service cost, I = interest cost, B = Pension benefit paid, A = Gain due to changes in actuarial assumptions

Interest cost = 5% of 460

= (5÷ 100) = 0.05 × 460

= 23

Closing PBO = 460 + 48 + 23 - 23 - 14

= $494

There is an increase in the Projected benefit obligation to $494 million

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5 0
4 years ago
Trust based on a person's competence would be summarized by this team member's affectionate statement towards another team membe
Maslowich

Answer:

The correct answer is:

I trust you to be able to accomplish this task (C)

Explanation:

First of all, you have to know the meaning of the word competence, and competence is a collection of related relevant abilities, know-how and skills required to act effectively on a job or situation. Which is a clear message passed by the speaker in the statement "I trust you to be able to accomplish this task", because the speaker knows that his team member possesses the right skills to carry out a task successfully.

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7 0
4 years ago
Abe Cooley, a local handyman, likes to advertise that he will come to your home and do any task you need on KBGA, the local coll
Marina CMI [18]

Answer:

D. 282.86 GRPs

Explanation:

Recall that

Reach = (Persons reached/ total population) × 100

Where persons reached = 9900

Total population = 70000

Thus

Reach = 9900/70000 × 100

= 0.14142857 × 100

= 14.142857

GRPs = Reach × spot

Where

Spot = 20

Reach = 14.142857

Therefore,

GRPs = 20 × 14.142857

= 282.857143

=282.86 GPRs

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4 years ago
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Answer:

Tip

Raw Materials and Supplies

Machinery and Equipment

Factory Overhead and Utilities

Explanation:

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2 years ago
After submitting a résumé electronically, how long should you wait before following up with an employer? a. 1-2 days b. 1-2 week
Natalija [7]

Answer:

B 1 week

Explanation:

It’s on quizlet

8 0
3 years ago
Read 2 more answers
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