"Under a restricted stock award plan, Universal Communications grants 5 million of its $1 par common shares to certain key executives at January 1, Year 10. The shares are subject to forfeiture if employment is terminated within 4 years. Shares have a current price of $12 per share. What is the total compensation expense related to the stock award for year 11?"

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.)