Robinson Industries has a defined benefit pension plan that specifies annual retirement benefits equal to
2% x Service years x Final Year's salary
Patty Mills was hired by Robinson at the beginning of 2006. Mills is expected to retire after 40 years of service. His retirement is expected to span 20 years. At the end of 2020, 15 years after being hired, his salary is $64,400. The company's actuary projects Mills' salary to be $86,900 at retirement. The actuary's discount rate is 8%.
PVA Factors
PVA n=15, 18% 8.55948
PVA n-20, 18% 9.81815
PVA, n25,1-8% 10.67478
PV Factors
PV, 16, 18% 31524
PV 20, 18% 21455
PV, n.25.18% 14602
What is the company's accumulated benefit obligation (ABO) at the end of this year with respect to Patty Mills?
Answers: 3
Business, 21.06.2019 13:30, yasarhan2
For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. how much are budgeted selling expenses for the month of july if sales are expected to be $540,000.
Answers: 3
Business, 21.06.2019 20:30, hoolio4495
At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?
Answers: 3
Robinson Industries has a defined benefit pension plan that specifies annual retirement benefits equ...