User Account

All Pages

Sachs brands defined benefit pension plan

Assignment Help Accounting Basics
Reference no: EM131002775

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.6% × service year's × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 1997 and is expected to retire at the end of 2031 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $90,000 at the end of 2011 and the company's actuary projects her salary to be $240,000 at retirement. The actuary's discount rate is 7%.
At the beginning of 2012, changing economic conditions caused the actuary to reassess the applicable discount rate. It was decided that 8% is the appropriate rate.

Required:

Calculate the effect of the change in the assumed discount rate on the PBO at the beginning of 2012 with respect to Davenport.

Reference no: EM131002775

Questions Cloud

A non-governmental organization : You work for a Non-Governmental Organization who are into provision suitable drinking water needs for needy and deprived communities in the Brong Ahafo Region of Ghana.  The Organization has recently sunk forty (40) boreholes in some of the communiti..
Conflict resolution research and to critically review : his Essay assignment requires you to find at least five quality sources which report on a particular aspect or theme of negotiation or conflict resolution research and to critically review their findings. Please check requirement.
Identify the null hypothesis and the alternative hypothesis : Mimi is interested in testing the claim that more than 75% of the adults believe in global warming. She conducted a survey on a random sample of 100 adults. Identify the null hypothesis and the alternative hypothesis. Determine the test statistic...
Prompt method to get the investment amount : Modify the the JavaScript code so it provides for the option buttons. When the user click the Yearly Interst button, the application should compound the interest yearly, when the user clicks the Monthly Interest button, the application should comp..
Sachs brands defined benefit pension plan : Calculate the effect of the change in the assumed discount rate on the PBO at the beginning of 2012 with respect to Davenport.
The student is required to find five sources : The student is required to find five sources related to the topic, with a least two being electronic sources and two paper sources. the student has to briefly describe the content of each source and evaluate it as to its reliability for content and a..
Endorsed a cheque and then subsequently lost : If I endorsed a cheque and then subsequently lost it. Someone (Person A) found the cheque and then negotiated it to another person (Person B) for value but not in good faith, and then the bank paid out the cheque to Person B. Who do I have a claim ag..
Entered into an oral agreement with tom to leaseapartment : OnDecember 15, Lisa, a landlord, entered into an oral agreement with Tom to leaseapartment 5W to Tom for one year staring January 1, at a rental of $ 2000 permonth. On the same day Lisa hired Jarvis as superintendent of the building fora period of on..
Model parameters and evaluate the model ?t : Postulate an appropriate model, estimate the model parameters and evaluate the model ?t.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How would you allocate additonal 5 million are there other

how would you allocate additonal 5 million? are there other areas in which to spend the money not mentioned in the

  Examining the broad stream of events

Frank is examining the broad stream of events that have occurred over the past 50 years and the specific experiences of his own life. By doing so, what sociological process has Frank undertaken?

  E-z manufacturing company is a partnership is a partnership

e-z manufacturing company is a partnership is a partnership among yolando gonzales willie todd and linda yeager. the

  Vertical integration and ontrol over valuable assets

When a fast food chain store, say Wendy's, chooses to acquire the largest cattle ranch in Nebraska, this is said to be a clear example of vertical integration. The reason why this is clear, is because this illustrates a move by Wendy's to own its ..

  Compare the two companies about the ratios does it seems

compare the two companies about the ratios. does it seems high ratio- low receivicing day and reverse?2011deckskkratio

  Beverly hills started a paper route on january 1 2004 every

beverly hills started a paper route on january 1 2004. every three months she deposits 650 in her bank account which

  Possession of the purse and its contents

Assuming Jackie never returns to claim the purse, who gets possession of the purse and its contents, assuming the purse is (a) lost, (b) mislaid, or (c) abandoned?

  Prepare a depreciation schedule assuming actual mileage

Prepare a depreciation schedule assuming actual mileage was: 2007, 40,000; 2008, 52,000; 2009, 41,000; and 2010, 27,000.

  Acceptance of different food and beverages

How has travel expanded our acceptance of different food and beverages? How have scientific and technological advances increased the availability and variety of foods and beverages?

  Kind meek and clean attorneys-at-law specialize in three

kind meek and clean attorneys-at-law specialize in three areas criminal civil and family law. when specifications for a

  Puls medical equipment company manufactures hospital beds

pauls medical equipment company manufactures hospital beds. its most popular model deluxe sells for 5000. it has

  Frances company produces only product a the following

frances company produces only product a. the following information is available selling price per unit 95 variable

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd