Business, 10.03.2020 23:00, alimarie9714
Mary Abbott is a long-time employee of Love Enterprises, a manufacturer and distributor of farm implements. Abbott plans to retire on her 65th birthday (January 1, 2019) five years from today. Her current salary is $48,000 per year, and her projected salary for her last year of employment is $60,000. Love Enterprises sponsors a defined benefit pension plan. It provides for an annual pension benefit equal to 60% of the employee’s annual salary at retirement. Payments commence on the employee’s 66th birthday or one year after the anniversary date of his or her retirement. The discount and earnings rate on plan assets is 8%. The average life expectancy for male and female employees is 76 and 80, respectively.
Required:
1. Compute the PBO related to Abbott’s pension benefits as of January 1, 2014.
2. Compute the ABO for the year ended December 31, 2014.
Answers: 2
Business, 21.06.2019 19:30, shamiya15
How can a poor housing market put home buyers in a financially unstable position? a. changing property values means it’s easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.
Answers: 1
Business, 22.06.2019 09:40, Tyrant4life
Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?
Answers: 2
Business, 22.06.2019 17:50, nayelieangueira
What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories
Answers: 3
Business, 22.06.2019 19:40, ashley4329
Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer
Answers: 2
Mary Abbott is a long-time employee of Love Enterprises, a manufacturer and distributor of farm impl...
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