Fox Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1$690,000 Balance, January 1$590,000 Service cost 362,000 Actual return 60,000 Interest cost 72,000 Annual contribution 223,000 Benefits paid (93,000) Benefits paid (93,000) Balance, December 31$1,031,000 Balance, December 31$780,000 The long-term expected rate of return on plan assets is 8%. Assuming no other data are relevant, what is the pension expense for the year

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

um sure

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;