This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The City of Altoona Pension Trust Fund has assets with an actuarial value of 4,000,000, an actuarial ... (Read 42 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

d


lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jul 5, 2018
Thank you


nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

A Fossil Hominid Exhibit at The Museum of Osteology, Oklahoma City, Oklahoma A Fossil Hominid Exhibit at The Museum of Osteology, Oklahoma City, Oklahoma
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library