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Annette [7]
3 years ago
8

For Bonita Sports Corporation, year-end plan assets were $4,250,000. At the beginning of the year, plan assets were $3,974,000.

During the year, contributions to the pension fund were $420,000, and benefits paid were $365,000. Compute Bonita Sport’s actual return on plan assets.
Business
1 answer:
OverLord2011 [107]3 years ago
6 0

Answer:

Explanation:

Year-end plan assets were $4,250,000

At the beginning of the year, plan assets were $3,974,000

So Actual Return on Plan Assets = (4,250,000 - 3,974,000) - (420,000 - 365,000)

Actual Return on Plan Assets = 276,000 - (55,000)

Actual Return on Plan Assets = 221,000

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They can be used to measure different qualitative and quantitative resources of the sample been observed.

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Ellen Kelly Inc. had 31,300 shares of $.50 par common stock 10,000 shares of 5%, $20 par cumulative preferred stock and 5,000 sh
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Nominal GDP, Exports, and Imports
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a.

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b.

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6 0
3 years ago
Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the
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=\frac{Total cost at highest level-Total cost at lowest level }{Highest level - Lowest level} \\\\=\frac{16,000-10,000}{1,000-600 } \\

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6 0
3 years ago
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