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miv72 [106K]
3 years ago
7

Pension plan assets were $200 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, re

tiree benefits paid by the trustee were $8 million and cash invested in the pension fund was $12 million. What was the amount of the pension plan assets at year-end?
Business
1 answer:
Nata [24]3 years ago
7 0

Answer:

Pension plan assets at the year end will be $214

Explanation:

Wee have given pension plan assets = $200 million

Return on plan assets = 5%

So return will be equal to = $200×0.05 = $10 million

Cash contribution is given $12 million

Retiree benefits is $8 million

We have to find the amount of pension plan assets at the year end

Pension plan assets is equal to = Plan assets at beginning of the year + actual return - retiree benefits = $200 + $10 +$12 - $8 = $214

So pension plan assets at the year end will be $214

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Answer:

Answer is described below.

Explanation:

POINTS TO NOTE:

1. Each house will be built using one (only one) of three major building materials - wood, brick, concrete.

2. The linear (in a line or side-by-side) arrangement of the houses will be such that no house will have the same material as the one beside it.

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