Pension data for Fahy Transportation Inc. include the following: (in millions Discount rate, 7% Expected return on plan assets, 10% Actual return on plan assets, 11% Projected benefit obligation, January 1 Plan assets (fair value, January 1 Plan assets (fair value), December 31 Benefit payments to retirees, December 31 $630 600 650 69 Required Assuming cash contributions were made at the end of the year, what was the amount of those contributions? Cash contributions million

$53

Explanation:

The merged data in the question have to be separated first before answering the question as follows:

Projected benefit obligation, January 1 = $630

Plan assets (fair value), January 1 = $600

Plan assets (fair value) December 31 = $650

Benefit payments to retirees, December 31 = $69

Actual return = Plan assets (fair value), January 1 × 11% = $600 × 11% = $66

Cash contribution = Plan assets (fair value) December 31 - Plan assets (fair value), January 1 - Actual Return + Benefit payments to retirees, December 31

Therefore, we have:

Cash contribution = $650 - $600 - $66 + $69 = $53

Therefor, the amount of those contributions is $53.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

i really hope this answer you out! it makes my day people like you and giving back to the community that has me through school! if you could do me a favor, if this you and this is the very best answer and you understand that all of my answers are legit and top notch. mark as brainliest! and have a awesome day!

the best way to learn how to declare a major is to talk to a admissions office.