Mod 13.2b: American Insurance Co. received a $30,000 cash payment from a customer to pay for two-year's of insurance from 8/1/X5 to 7/31/X7. Assuming American Insurance Co. properly follows accrual accounting, how much insurance revenue (i. e. insurance premiums) should be American Insurance Co. recognize on its Income Statement for the year ended 12/31/X5? Round your answer to the nearest penny.

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.)