Use the Following Information for Questions

question 2

Multiple Choice

Use the following information for questions
The following data are for the pension plan for the employees of Lockett Company.
Lockett's contribution was $1,260,000 in 2016 and benefits paid were $1,125,000.Lockett
estimates that the average remaining service life is 15 years.
-The actual return on plan assets in 2016 was

• A)$900,000.
• B)$765,000.
• C)$600,000.
• D)$465,000.

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Definitions:

Subjective Accounts

Personal perspectives or descriptions of experiences, which are influenced by one's own feelings and opinions.

Physiological Viewpoint

The physiological viewpoint focuses on the biological basis of behavior, emotions, and mental states, emphasizing the role of the brain, nervous system, and other bodily functions.

Conscious Processes

Mental activities of which an individual is fully aware, including thoughts, feelings, and decisions.

Factor Analysis

A statistical approach designed to uncover hidden variables or factors that account for the observed correlation patterns within a set of variables.