Gordon Inc has a defined benefit plan for its employees. The following information relates to this plan: Projected benefit obligation, January 1 . 2014 ........ $10,000,000 Fair value of plan assets, market-related asset value, January 1 . 2014 ...................................... 10,400,000 Service cost--2014 ................................... 800,000 Actual return on plan assets--2014
................... 900,000 Settlement rate ...................................... 10% Long-term rate of return on assets ................... 8% There was no unrecognized prior service cost or unrecognized gains or losses. Gordon's net periodic pension cost for the year was
a. $968,000.
b. $940,000.
c. $900,000.
d. $880,000.
A
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Credit Unions get slight competitive advantage over commercial banks and thrifts because they
A. get their charter from the Comptroller of the Currency. B. get tax exemptions as they are often run as non-profit organizations. C. are insured by the Federal Deposit Insurance Corporation. D. can rely on the funds from the Federal Reserve at times of emergency.
Answer the following statements true (T) or false (F)
1. A team leader controls the behavior of group members. 2. Research on the trait approach to leadership shows a clear, strong relationship between traits and leadership. 3. Team manager and leader are synonymous terms. 4. Team members are quite good at selecting their most effective leader.
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______ are high-volume product processes that typically produce standardized products and require identical or similar operations.
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