Generic Company sponsors an unfunded postretirement plan providing healthcare benefits. The following information relates to the current year's activity of Generic's postretirement benefit plan: Postretirement benefit expense $150 million Service cost $120 million Amortization of net gain–AOCI $10 million Prior service cost–AOCI none Retiree benefits paid (end of year) $30 million The interest cost for the year is: Group of answer choices $40 million $20 million $30 million $50 million

$40 million

Explanation:

Based on the information given in the question, the interest cost for the year will be calculated as follows:

Interest cost = Postretirement benefit expense - Service cost + Amortization of net gain–AOCI

Interest cost = $150 million - $120 million + $10 million

Interest cost = $40 million

d,

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know