What Is the Pension Expense for the Following Plan After

question 48

Multiple Choice

What is the pension expense for the following plan after 10 years?
"The company must contribute $100/year for each of its 500 employees.The plan hopes to accumulate enough funds so that each retiree receives $10,000 in the future;the plan does not guarantee the investment returns to the employees."

• A)$1,000
• B)$100,000
• C)$500,000
• D)$5,000,000

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Definitions:

Transfer Of Function

A term used to describe a behavior that may one day serve the purpose of getting a student attention and the next day used to escape an unpleasant task.

Behavior

The actions or reactions of an individual, usually in relation to the environment, which can be observed externally.

Outcome

The result or consequence of an action or a series of actions, often evaluated to determine success or progress.

Intent

A purpose or plan that guides an action, representing an individual's determined objective or desired goal.