Details of this Paper

FIN - Two Problems Set

Description

solution


Question

Question;The projected benefit obligation was $220 million at the beginning of the year and $235 million at the end of the year. At the end of the year, pension benefits paid by the trustee were $9 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary?s discount rate was 5%.What was the amount of the service cost for the year?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, retiree 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? (Enter your answer in millions.)

 

Paper#48531 | Written in 18-Jul-2015

Price : $21
SiteLock