Cullumber Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets $478,400
Projected benefit obligation 612,700
Pension asset/liability 134,300
Accumulated OCI (PSC) 97,100 Dr.

As a result of the operation of the plan during 2020, the following additional data are provided by the actuary.

Service cost $86,500
Settlement rate, 10%
Actual return on plan assets 56,000
Amortization of prior service cost 20,000
Expected return on plan assets 53,100
Unexpected loss from change in projected
benefit obligation, due to
change in actuarial predictions 78,200
Contributions 95,600
Benefits paid retirees 81,100

Required:
Using the data above, compute pension expense for Cullumber Corp. for the year 2017 by preparing a pension worksheet.

Which two of the following are benefits of consumer programs

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.