The ceiling test in defined benefit plans____. (A). Determines maximum benefits (B). Sets minimum contribution levels (C). Limits the surplus that can be recognized (D). Establishes funding requirements answer
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The ceiling test in defined benefit plans____. (A). Determines maximum benefits (B). Sets minimum contribution levels (C). Limits the surplus that can be recognized (D). Establishes funding requirements answer
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- ?Which of the following decision measures should capital budgeting decision makers consider? Select one: a. discounted payback b. NPV c. IRR d. MIRR e. Although NPV is considered the most important method in the decision process, the other measures can provide different relevant information that is useful to the process and thus should be used when appropriateExplain the difference between defined-benefit and defined-contribution plans?
- What is the amount of the plan assets available to pay benefits? What are the factors that can cause that amount to change?Question text In determining the present value of the prospective benefits (often referred to as the defined benefit obligation), the following are considered by the actuary: Select one: а. retirement and mortality rate. b. benefit provisions of the plan. c. all of these factors d. interest rates.Which control is not a part of the fixed asset system?a. formal analysis of the purchase requestb. review of the assumptions used in the capital budgeting modelc. development of an economic order quantity modeld. estimates of anticipated cost savings
- In determining the present value of the prospective benefits (often referred to as the defined benefit obligation), the following are considered by the actuary: retirement and mortality rate. interest rates. benefit provisions of the plan. d. all of these factors.how to Calculate and use the major capital budgeting decision criteria, which are NPV, IRR, MIRR, and payback.They are the Defined Contribution Plans and Defined Benefit Plans. What are the distinct differences between the two plans? State the core differences and also their advantages and disadvantages, if any. a. Defined Contribution Plan: b. Defined Benefit Plan:
- If an internal service fund is intended to operate on a cost-reimbursement basis, then user charges should a. cover the full costs, both direct and indirect, of operating the fund. b. cover the full costs of operating the fund and provide for future expansion and replacement of capital assets. c. cover at a minimum the direct costs of operating the fund. d. do all of the above.Show how Additional Funds Needed (AFN) work.look over the three most important components of the pension expense. The treatment of expected and actual return on plan assets, particularly when the actual return is greater than the expected, the amortization of prior service cost and the unexpected gain/ loss. Discuss the accounting treatment of these items with suitable examples.