Mallard Company sponsors a pension plan with the following pension benefit: Benefit paid...
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Accounting
Mallard Company sponsors a pension plan with the following pension benefit:
Benefit paid at each yearend during retirement Number of years worked x Annual salary at retirement:
Employee Josie began work with the company and received credit for service as of January of Year Josie is expected to work a total of years with an annual salary at retirement of $ She is expected to draw years of retirement benefits. The discount rate is
Note: Carry all decimals in calculations; round the final answer to the nearest dollar.
a Compute the PBO on December of Year if Josies current salary is $
b Compute the ABO on December of Year if Josies current salary is $
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