Toro Company recognized $655,000 of cost of goods sold in 2010, in addition its implementation of a just-in-time inventory systern allowed it to reduce its Toro Company recognized $655,000 of cost of goods sold in 2010, in addition its implementation of a just-in-time i of the year to $230,000 at the end of 2010. How much cash did Toro spend for inventory in 2010? a. $620,000
b. $655,000
c. $980,000
d. $560,000

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)