The following information is available for the pension plan of Concord Company for the year 2020. Actual and expected return on plan assets $13,800
Benefits paid to retirees 38,400
Contributions (funding) 79,900
Interest/discount rate 10%
Prior service cost amortization 7,800
Projected benefit obligation, January 1, 2020 452,000
Service cost 54,700

Required:
Compute pension expense for the year 2020.

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals