1 2.a. 2.b. 3.a. 3.b. Is the actuarial settlement meant to be the same as the...
Fantastic news! We've Found the answer you've been seeking!
Transcribed Image Text:
1 2.a. 2.b. 3.a. 3.b. Is the actuarial settlement meant to be the same as the Esimated Rate of return on plan assets? An employer offers a pension plan in which the annual retirement payments are fixed. Under this plan if the Pension Assets run out, the employer remains obligated to make these annual payments. What kind of Pension Plan is this - Defined Benefit Plan or Defined Contribution Plan? In this plan who bears the ultimate risk for returns on plan assets - the employees or the employer? An employer offers a pension plan where both the employee and the employer make contributions. The employee's account vests immediately and is evidenced by a 401K If the pension assets run out when the employee is retired, pension payments stop. The employer has no obligation to the employee if it makes its contributions. What kind of plan is this? - A Defined Benefit Plan or a Defined Contribution Plan? In this plan who bears the ultimate market risk on plan asset returns? What is the measurement basis for the annual pension obligation that the employe earns in a defined benefit plan and is used to record the current period pension expense? (Hints: Expected Future Value, Present Value, Market Value) 5 thru 8 5 6 7 8 9 10 11.A. 12 11.B. 11.C. Name the four kinds of income (expenses) that Pension Trustees can earn on Pension Assets. The AOCI account is used to temporarily shield the Income Statement from wild unexpected swings related to pension acturial assumptions, market returns and changes in plans. What is the name of this Income Statement strategy, meant also to minimizs the disruption in Earnings in any one given year. In accounting jargon what is the label for the expense representing the current period pension cost that must be accrued for this year's work by each employee. Name the federal agency that, under certain circumstances, is required by bankruptcy courts to assume the responsibility for corporate defined benefit plans. Is that federal agency known for being structurally sound (solvent) or "at risk" itself for insolvency? What cost is imposed on workers by this agency as part of the bargain to keep (part of) their pension benefits? The federal government, under Presdient Franlin Delano Roosevelt instituted a federal pension program that is available to many, but no all Americans. For example, Louisiana state workers are not members of this plan and instead are members of the Louisiana State Retirement System. Please name this federal pension program, which operates like a defined benefit plan. 1 2.a. 2.b. 3.a. 3.b. Is the actuarial settlement meant to be the same as the Esimated Rate of return on plan assets? An employer offers a pension plan in which the annual retirement payments are fixed. Under this plan if the Pension Assets run out, the employer remains obligated to make these annual payments. What kind of Pension Plan is this - Defined Benefit Plan or Defined Contribution Plan? In this plan who bears the ultimate risk for returns on plan assets - the employees or the employer? An employer offers a pension plan where both the employee and the employer make contributions. The employee's account vests immediately and is evidenced by a 401K If the pension assets run out when the employee is retired, pension payments stop. The employer has no obligation to the employee if it makes its contributions. What kind of plan is this? - A Defined Benefit Plan or a Defined Contribution Plan? In this plan who bears the ultimate market risk on plan asset returns? What is the measurement basis for the annual pension obligation that the employe earns in a defined benefit plan and is used to record the current period pension expense? (Hints: Expected Future Value, Present Value, Market Value) 5 thru 8 5 6 7 8 9 10 11.A. 12 11.B. 11.C. Name the four kinds of income (expenses) that Pension Trustees can earn on Pension Assets. The AOCI account is used to temporarily shield the Income Statement from wild unexpected swings related to pension acturial assumptions, market returns and changes in plans. What is the name of this Income Statement strategy, meant also to minimizs the disruption in Earnings in any one given year. In accounting jargon what is the label for the expense representing the current period pension cost that must be accrued for this year's work by each employee. Name the federal agency that, under certain circumstances, is required by bankruptcy courts to assume the responsibility for corporate defined benefit plans. Is that federal agency known for being structurally sound (solvent) or "at risk" itself for insolvency? What cost is imposed on workers by this agency as part of the bargain to keep (part of) their pension benefits? The federal government, under Presdient Franlin Delano Roosevelt instituted a federal pension program that is available to many, but no all Americans. For example, Louisiana state workers are not members of this plan and instead are members of the Louisiana State Retirement System. Please name this federal pension program, which operates like a defined benefit plan.
Expert Answer:
Answer rating: 100% (QA)
1 Is the actuarial settlement meant to be the same as the Estimated Rate of return on plan assets No they are meant to be different The actuarial settlement is the amount of money that is needed to pa... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The average rate of return on investments in large stocks has outpaced that on investments in Treasury bills by about 7% since 1926. Why, then, does anyone invest in Treasury bills?
-
Question Two a) On 1 January 2017, Xenon Inc., a company that manufactures electrical appliances made a significant acquisition of a machine at a cost of 300,000. This machine was expected to have a...
-
The following is a sufficient condition, the Laplace-Liapounoff condition, for the central limit theorem: If X 1 , X 2 , X 3 , . . . is a sequence of independent random variables, each having an...
-
Outline how the genetic message in a gene is translated to produce a polypeptide. Include the roles of the gene, messenger RNA, ribosomes, and transfer RNA.
-
Which are more common in Earths crust and mantle silicates or nonsilicates?
-
With reference to Exercise 12.9, determine individual \(95 \%\) confidence intervals for the differences of mean reaction times. Data From Exercise 12.9 12.9 To find the best arrangement of equipment...
-
Brandi Bonds and Cesar Ruiz form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Bonds, sole proprietorship: Bonds obtained...
-
The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year follow. The common stock was $118,300 and the retained...
-
1. Why did Tiffany become a takeover target? 2. Acquisitions are one tool to execute corporate strategy. Why did LVMH acquire Tiffany? In your answer, focus on product and geographic diversification....
-
Vortex Company operates a retail store with two departments. Information about those departments follows. Department A Department B $437,500 $812,500 480,000 284,375 Sales Cost of goods sold Direct...
-
In the following \(R\) output, some of the numbers have been accidentally erased. Recompute them, using the numbers still available. There are \(n=20\) points in the data set. Coefficients:...
-
The National Center for Health Statistics interviewed 5409 adult smokers in 2015 , and 2636 of them said they had tried to quit smoking during the past year. Consider this to be a random sample. a....
-
The concentration of carbon monoxide (CO) in a gas sample is measured by a spectrophotometer and found to be \(85 \mathrm{ppm}\). Through long experience with this instrument, it is believed that its...
-
Refer to Exercise 18. a. Find a 95 % 95 % upper confidence bound for the mean time. b. Find a 98 % 98 % lower confidence bound for the mean time. Data From Exercise 18: One step in the manufacture of...
-
Refer to Exercise 32. For each duration, the confidence interval at 40 % 40 % humidity is narrower than the one at 75 % 75 % humidity. Which of the following is the best explanation for this? i....
-
Brief 3: Environmental Take Away Jan's drive to reduce the waste and environmental impact of the packaging associated with home delivery has seen a dependence on compostable containers. These are,...
-
You are the newly appointed tax practitioner to complete Emilys tax return and have downloaded the prefill report for Emilys tax return (hint, you can read what a prefill report is here (Links to an...
-
What are the advantages of the index model compared to the Markowitz procedure for obtaining an efficiently diversified portfolio? What are its disadvantages?
-
Which of the following statements about Primos global fund is most correct? Primo appears to have a positive currency allocation effect as well as a. A negative market allocation effect and a...
-
You are very bullish (optimistic) on stock EFG, much more so than the rest of the market. In each question, choose the portfolio strategy that will give you the biggest dollar profit if your bullish...
-
A crystal sample of bacteriorhodpsin, a light-sensitive protein found in halobacteria that responds to light energy, has crystal planes separated by 0.20 nm. If a beam of 11 keV x rays illuminates a...
-
A nickel crystals work function is measured to be 5.22 eV at 25C. As the temperature increases by 300C, the work function drops by 50 meV. By how much does this shift the threshold wavelength for...
-
Investigators have created structures consisting of linear chains of ionized atoms on a smooth surface. Electrons are restricted to travel along the chain. The energy levels of the electrons match...
Study smarter with the SolutionInn App