1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alina [70]
3 years ago
14

Gerhard Company sponsors a defined benefit pension plan. At the end of the current fiscal year, the related pension plan assets

have a fair value of $2 million, the ABO is $1.5 million, and the PBO is $2.2 million. Gerhard's pension plan is
Business
1 answer:
weqwewe [10]3 years ago
4 0

Answer:

$200,000 underfunded

Explanation:

Calculation for Gerhard's pension plan

Using this formula

Pension plan =Fair value -PBO

Let plug in the formula

Pension plan=$2 million-$2.2 million

Pension plan=$200,000 Underfunded

Therefore Gerhard's pension plan is Underfunded by the amount of $200,000

You might be interested in
Give three reasons why building apps might not be the sole source of income for an individual.
True [87]

Here are the top six reasons why apps fail and how you can avoid them. App development projects fail and identify areas for improvement so you can. Not only is audience research necessary for developing an app that. For example, iOS users typically have a higher income and more education than Android users.

Hope this helps :)

3 0
3 years ago
Breton Woods Standards were found to be inadequate mainly because?
vodomira [7]

Answer:

A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.

Explanation:

The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.

3 0
2 years ago
Mandi puts $20 in her savings account. the account pays 3% simple interest. how much interest will she earn in 2 years?
cupoosta [38]
$20x2x3=120    
120/100=$1.20
Interest= $1.20
8 0
3 years ago
The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new
PIT_PIT [208]
Entrepreneurial oriantation
4 0
3 years ago
Sheridan Company began the year with retained earnings of $659000. During the year, the company recorded revenues of $600000, ex
Margarita [4]

Answer:

C. $737,500

Explanation:

The formula to compute the ending balance of retained earning is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $659,000 + $220,000 - $141,500

= $737,500

The net income is calculated below:

= Sales revenues - expenses

$600,000 - $380,000

= $220,000

3 0
3 years ago
Other questions:
  • Margie Johnson is a staff accountant at ToolEx Company, a manufacturer of tools and equipment. The company is under pressure fro
    9·1 answer
  • A company's ________ is similar to a company's personality.
    15·1 answer
  • A recent study on crime rates examines whether crime depends on sunshine. A researcher hypothesizes that sunshine makes people h
    15·1 answer
  • The market price people are willing to pay for a unit of a particular commodity is determined by A. the sum of average and margi
    15·1 answer
  • Please help, please
    7·1 answer
  • Costs from Beginning Inventory Costs from Current Period
    9·1 answer
  • Which ethical violation involves profiting by using the name or slogan of another company?
    11·1 answer
  • Program trading is defined as automated trading generated by computer algorithms designed to react rapidly to changes in market
    12·1 answer
  • According to the path-goal theory, the participative style is recommended when group members are performing repetitive tasks.
    8·1 answer
  • Which product is an example of a consumer good? stock share in a tech company dog food for a pet boarding facility paint sprayer
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!