Question: Based on the pension data for Duboys Enterprises information provided at the end of the year below, and assuming cash contributions were made at the
Based on the pension data for Duboys Enterprises information provided at the end of the year below, and assuming cash contributions were made at the end of the year, what was the amount of those cash contributions?
Plan assets at fair value, January 1 700,000
Plan assets at fair value, December 31 750,000
Expected return on plan assets 10%
Actual return on plan assets 11%
PBO on January 1 730,000
Pension benefits paid 66,000
Settlement rate is 7%
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