Business, 19.12.2019 02:31 oofoofoof1

Einstein laboratories’ has a defined benefit retirement plan. the company’s 2016 annual report includes the following excerpt about these plans (in millions): projected benefit obligations, january 1, 2016 $7,820 service cost — benefits earned during the year 263 interest cost on projected benefit obligations 288 actuarial losses (gains) 645 benefits paid (242) other, including foreign currency translation (257) projected benefit obligations, december 31, 2016 $8,517 plans' assets at fair value, january 1, 2016 $8,722 actual return on plan assets 631 company contributions 582 benefits paid (242) other, including foreign currency translation (201) plan assets at fair value, december 31, 2016 $9,492 what is the funded status of this plan?

a. the plan is underfunded by $975 million
b. the plan is overfunded by $975 million
c. the plan is underfunded by $8,517 million
d. the plan is overfunded by $7,542 million
e. none of the above

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:30

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

Answers: 3

Answer

Business, 22.06.2019 11:30

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c incorrect

Answers: 2

Answer

Business, 22.06.2019 19:50

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.

Answers: 2

Answer

Business, 22.06.2019 23:10

Which investment has the liquidity and can be converted into cash easily?

Answers: 2

Answer

You know the right answer?

Einstein laboratories’ has a defined benefit retirement plan. the company’s 2016 annual report inclu...

Questions