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Sedaia [141]
3 years ago
14

The following information relates to Sand Company's defined benefit pension plan at December 31, the end of the reporting period

. PBO: $5 million; plan assets: $5.8 million. On its balance sheet, Sand should show
Business
1 answer:
Gala2k [10]3 years ago
4 0

Answer:

A net pension asset of $800,000

Explanation:

A benefit pension plan can be defined as a pension plan in which the employer of the person agreed or promise to pay a lump sum of money on the retirement of the person from active service and it often depend on the employee's earnings history, how long the person has been in service as well as the person age.

Sand Company's

Plan assets: $5.8 million -PBO: $5 million

=$800,000

Therefore on its balance sheet, Sand should show a net pension of asset of $800,000

which is the present value of the flow of the person pension benefits.

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For a repayment schedule that starts at EOY four at ​$Z and proceeds for years 4 through 9 at ​$2Z​, ​$3Z​,..., what is the valu
Tamiku [17]

Answer:

$778.05625

Explanation:

The computation of the amount of repayment is shown in the attachment below:

Given that

Proceeds for year 4 through 9 at $2Z​, ​$3Z

The Principal of the loan amount = $10,000

Interest rate = 7% per year

Based on the given information, the value of Z or the amount of repayment is  

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= $10,000 ÷ 12.85254119

= $778.05625

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Answer:

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Explanation:

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3 years ago
Read 2 more answers
Which demographic group has the lowest level of representation as a judge in the federal courts?
uysha [10]
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5 0
3 years ago
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In the market for financial capital, ________.a. those who demand financial capital receive interest on loans. b. those who supp
Flauer [41]

Answer:

The answer is C.

Explanation:

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GrogVix [38]

Answer:

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Explanation:

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