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 113 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?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Cao Fei, RMB City, in Art in the Twenty-First Century, season 5 episode, "Fantasy". Cao Fei, RMB City, in Art in the Twenty-First Century, season 5 episode, "Fantasy".
Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City. Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City.
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
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Coronary Heart Disease

For a complete list of videos, visit our video library