Solution-Compute the 2008 actual return

Compute the 2008 actual return

Reference no: EM13553623

Computation of Actual Return on the Pension Fund

Longlee Electrical Company maintains a fund to cover its pension plan. The following data relate to the fund for 2008:

January 1	FVPF	$875,000
	Market-related value of the pension fund
	(5-year weighted average)	715,000
During year	Pension benefits paid	62,000
	Contributions made to the fund	70,000
December 31	FVPF	980,000
	Market-related value of the pension fund
	(5-year weighted average)	730,000

Compute the 2008 actual return on the pension fund for Longlee Electrical.

Reference no: EM13553623

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Compute the 2008 actual return

Reference no: EM13553623

Reference no: EM13553623

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