At the end of 2021, Havana contributed $670 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is Havana's 2021 actual return on plan assets?

Actual return is = $530 thousand

Explanation:

given data

pension fund  = $670 thousand

benefit payments = $624 thousand

rate of return on assets = 10%

discount rate = 8%

solution

we take here benefit of pension plan as attach picture

so we assume here actual return is =  x.

so we apply formula of Ending balance of plan assets  that is

Ending balance of plan assets = Beginning balance of plan asset + Actual return + Cash Contributions - Retiree benefits    .................................1

put here value and we get

$6,336 = $5,760 + x + $670 - $624

so x will be

x = $530

so Actual return is = $530 thousand

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; post closing trial balance;