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ad-work [718]
3 years ago
11

On January 1, 2021, Ravetch Corporation’s projected benefit obligation was $51 million. During 2021, pension benefits paid by th

e trustee were $7 million. Service cost for 2021 is $18 million. Pension plan assets (at fair value) increased during 2021 by $9 million as expected. At the end of 2021, there were no pension-related other comprehensive income (OCI) accounts. The actuary’s discount rate was 10%.
Determine the amount of the projected benefit obligation at December 31, 2021.
Business
1 answer:
nevsk [136]3 years ago
3 0

Answer:

$67.1 million

Explanation:

Given that,

Projected benefit obligation at the beginning of 2021 = $51 million

Service cost = $18 million

Retiree benefits  = $7 million

Projected benefit obligation at December 31, 2021:

= Beginning of 2021 + Service cost + Interest cost - Retiree benefits

= $51 million + $18 million + (10% × $51 million) - $7 million

= $51 million + $18 million + $5.1 million - $7 million

= $67.1 million

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Answer:

B. New applications for unemployment insurance

D. Stock prices

Explanation:

Unemployment benefits claims is one of the most powerful leading economic indicators, because it can predict, with a high degree of accuracy, the unemployment rate of the next economic periods.

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5 0
3 years ago
Cash flows from investing do not include cash flows from: Multiple Choice lending money to another corporation. the sale of equi
Nuetrik [128]

Cash flows from investing do not include cash flows from : Borrowing.

<h3><u>Explanation:</u></h3>

The cash flows either inward or outward of any company refers to the Cash flow from investing activities. The long term usage of cash will be considered under this. The investing activities includes the following such as purchasing a fixed asset, selling a fixed asset. These assets includes any property, plants, equipment,etc.

The cash flows are associated with the generation or spending of amount in the investing activities. This is a section that is included in the cash flow statement of an organisation. Thus, the cash flows for investing activities will not include the cash flows from Borrowing.

7 0
3 years ago
Read 2 more answers
Use your newly found knowledge to explain credit card disclosure statements to someone who has never received one. Write a one t
Anastaziya [24]

Answer:

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7 0
3 years ago
Realists argue that the ____ is the key unit of analysis in international relations, where as neorealists argue that the _______
4vir4ik [10]

Answer:

The correct answer to the following question is - fill in the blank 1) State and the fill in the blank 2) International system.

Explanation:

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3 years ago
At the end of the 2020 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2021. In 2021
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Answer:

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8 0
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