Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.2% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2007 and is expected to retire at the end of 2041 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $80,000 at the end of 2021 and the company's actuary projects her salary to be $230,000 at retirement. The actuary's discount rate is 6%. At the beginning of 2022, changing economic conditions caused the actuary to reassess the applicable discount rate. It was decided that 7% is the appropriate rate. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required:
Problem 1: Calculate the effect of the change in the assumed discount rate on the PBO at the beginning of 2022 with respect to Davenport. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.)
What do you think the main capital management challenges would be in a for-profit facility that has a constant stream of revenue?
Jones applied for a conventional $45,000 home mortgage at 13.5% for 20 years. If the down payment is 20% of the selling price, what is the selling price of home
Discuss and Considering causes of food insecurity, what factors interrupt flow of food from the source to the people in the developing country you selected?
Write a five page/ 1250 words paper in which you: Predict the potential impact of these changes on financial accounting and reporting practices.
What amount should Elm debit (credit) to Budgetary Fund Balance-Reserved for Encumbrances after the supplies and invoice were received
Find What is the annual interest rate on the loan from the computer supplier? What is the annual interest rate on the loan from Elite Bank?
Record any required entries related to the loan as of December 31. Record the deposit of the re-payment of the loan with interest on February 15.
Evaluate the market value of the given bond
1.On March 1, 2011, a company paid a $18,000 premium on a 36 month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the followingt able.
Will claims her as a dependent on his tax return. Who is eligible to claim the American Opportunity Credit or the Lifetime Learning credit?
Cheer and Beer thus concludes that no impairment loss should be required on the machine. Discuss and comment on the impairment of Cheer and Beer's machine
Assume that the company’s corporate charter authorized a total of 200,000 shares of $1 par value, common stock. The company issued 50,000 shares of stock in early January for a selling price of $10 per share. Date Account Name Debit Credit Prepare th..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd