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?

Suppose that a worker in caninia can produce either 2 blankets or 8 meals per day, and a worker in felinia can produce either 5 blankets or 1 meal per day. each nation has 10 workers. for many years, the two countries traded, each completely specializing according to their respective comparative advantages. now war has broken out between them and all trade has stopped. without trade, caninia produces and consumes 10 blankets and 40 meals per day and felinia produces and consumes 25 blankets and 5 meals per day. the war has caused the combined daily output of the two countries to decline by

From what part of income should someone take savings?

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.