A Pension Trust Fund prepares two financial statements and two supplementary schedules. Where does the obligation (calculated by the actuary) for the total benefits earned by employees and retirees, as of a specific point in time, appear?
a. in the Statement of Fiduciary Fund Net Position
b. in the Schedule of Funding Progress
c. in both the Statement of Fiduciary Fund Net Position and the Schedule of Funding Progress
d. in the Statement of Changes in Fiduciary Fund Net Position
b
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In terms of dealing with customer problems, a study in a medical billing operation found that the most effective technique was to
A) focus more on the problem than the customer's emotion. B) focus more on the customer's emotion than the problem. C) immediately offer a refund rather than attempting to deal with an unhappy customer. D) ask the customer for sympathy and compassion.
Nowel Inc. stock is currently priced at $42. The present value of the strike price of a call option on this stock is $44. Probability one, as calculated by the Black Scholes option pricing model is .6541; probability 2 is .3722
The value of this option as calculated by Black-Scholes is A) $(2.00). B) $11.10. C) $2.000. D) $10.71.