XYZ company received the PBO report from the actuary with the following information: PBO (end of 2018): $110,000;
benefits paid to retirees (during 2018): $10,000;
interest cost (during 2018): $8,000;
the discount rate applied: 10%.

Required:
What was the service cost for 2018?

$32,000

Explanation:

                    XYZ company

                     Service cost

Ending PB0                  $110,000

Less: Beginning PBO   $80,000   ($8,000/10%)

         Interest Cost       $8,000

                                     $22,000

Add:  Benefits paid      $10,000

Service cost                 $32,000

Hence, the service cost for XYZ Company in 2018 is $32,000

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

answer; a set of mutual funds with similar risk characteristics to your mutual fund;