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Author Question: The City of Altoona Pension Trust Fund has assets with an actuarial value of 4,000,000, an actuarial ... (Read 115 times)

lb_gilbert

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on: Jul 5, 2018
The City of Altoona Pension Trust Fund has assets with an actuarial value of 4,000,000, an actuarial accrued liability of 5,000,000, and an annual covered payroll of 800,000.What is the Pension Trust Fund's funded ratio?
 
  a. 20 percent
  b. 80 percent
  c. 125 percent
  d. 500 percent

Question 2

Which of the following is notan element of internal controls?
 a. to protect assets from misuse
  b. ensure the accuracy of business information
  c. ensure that laws and regulations are followed
  d. ensure that company policies are in place to maximize profits


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nickk12214

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

d


lb_gilbert

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Reply #2 on: Jul 5, 2018
Thank you


nickk12214

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Reply #3 on: Jul 5, 2018
No problemo


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