Business, 14.03.2020 06:25 andrejr0330jr
The City of Monroe Police Department pension plan, a single-employer, defined-benefit plan, reported the following account balances as of January 1, 2015:
Debits
Credits
Cash
$140,000
Accrued Interest Receivable
72,000
Investments: Bonds
5,300,000
Investments: Common Stock
2,790,000
Accounts Payable
$27,000
Net Assets Held in Trust for Employee Benefits
8,275,000
Totals
$ 8,302,000
$8,302,000
Required:
a. Open a general journal for the City of Monroe Police Department Pension Trust Fund and record the following transactions for the year ending December 31, 2015:
(1) Member contributions were received in the amount of $400,000. The City General Fund contributed the same amount.
(2) Interest was received in the amount of $386,900, including the accrued interest receivable at the beginning of the year. The interest accrual at year end amounted to $86,000.
(3) During the year, common stock dividends amounted to $125,000.
(4) Investments were made during the year in common stock in the amount of $575,000.
(5) Annuity benefits in the amount of $377,400, disability benefits of $ 82,020 and refunds to nonvested terminated employees of $39,800 were recorded as liabilities.
(6) Accounts payable, in the amount of $507,500, were paid in cash.
(7) During the year, common stock valued at $505,000 was sold for $506,800. A portion of these funds, $502,000 were invested in common stock of a different company.
(8) At year-end, the market value of investments in bonds increased by $12,750; the market value of investments in stocks decreased by $5,770.
b. Post the entries to the Police Department Pension Trust ledger (t-accounts).
c. Prepare and post an entry closing all nominal accounts to Net Assets.
Answers: 3
Business, 22.06.2019 00:30, issaaamiaaa15
Needs to schedule the staffing of the center. it is open from 8am until midnight. larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: time of dayminimum number of consultants required to be on duty8 am-noon4noon-4 pm84pm-8pm108pm-midnight6 two types of computer consultants can be hired: full-time and part-time. the full- time consultants work for eight consecutive hours in any of the shifts: morning (8am- 4pm), afternoon (noon-8pm) and evening (4pm-midnight). full-time consultants are paid $14 per hour. part-time consultants can be hired to work any of the four shifts listed in the table. part-time consultants are paid $12 per hour. an additional requirement is that during every time period, there must be at least two full-time consultants on duty for every part-time consultant on duty. larry would like to determine how many full-time and part-time consultants should work each shift to meet the above requirements at the minimum possible cost. formulate this as an lp problem. you must define your variables clearly
Answers: 2
Business, 22.06.2019 21:00, atkinsonsinbraz
At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.
Answers: 2
Business, 23.06.2019 02:00, deboahsouthall
Create a list of five action verbs you might use on a job application to describe skills and/or work history. here are some examples: (organized, produced, selected, coordinated, contributed). find five other than the examples.
Answers: 3
The City of Monroe Police Department pension plan, a single-employer, defined-benefit plan, reported...
Mathematics, 02.12.2021 21:50
English, 02.12.2021 21:50
Computers and Technology, 02.12.2021 21:50
Social Studies, 02.12.2021 21:50