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Why do you think companies have switched from defined benefit to defined contribution? Based on my parent's retirement saving history, I wonder if the switch is because:
In the past (20 to 30 years ago) people relied solely on defined benefit plans and social security for their retirement planning. I wonder if the baby boomers started realizing the potential shortcomings and decided to start saving for retirement on their own. Once employers started to see that employees were willing to use their own money to save for retirement, they started using that as a means to decrease their contributions.
What do you think?
Consider the basic EOQ model. We want to know the sensitivity of (1) the optimal order quantity, (2) the sum of the annual order cost and the annual holding cost (not includ
is pretty clear and dry just use the scenario as is. You need to use the selling price, variable costs, contribution margin, and fixed costs to determine the break-even poin
Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $315,000. The estimated fair values of the assets are land $60,000, buildin
The SEC and its European equivalent are trying to merge their respective views of GAAP (Generally Accepted Accounting Principles). What are the easy points and what are the
Two mortgage options are available: a 30-year fixed-rate loan at 6% with no discount points, and a 30-year fixed-rate loan at 5.75% with points. If you are planning on livin
In 1956, Nicolai Rizzoli opened a pizza restaurant that he named Rizzoli in St. Louis, Missouri. Over the years, he opened both company and franchise locations and grew the
For each of the following situations, indicate whether it represents an accounting error and explain why it is or is not an error. Also state whether a trial balance would ind
Complete the network diagram by conducting a forward and backward pass through the network.Compute the early/late start time,early/late finish time,and slack time for each act
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