The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.
Problem 5. An investment fund had a balance on January 1 of $273,000 and a balance...
n°5" Jon PC (3) Franklin's investment fund had a balance of $290,000 on January 1, 1995 and a balance of $448,000 two years later. The amount of interest earned during the two years was $34,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. LA T . 1 1. cc.teco0o0o1 1 .. .
Let A be the balance in a fund on January 1, 2018, B be the balance in the fund on September 30, 2018, and C be the balance in the fund on December 31, 2018. a) If there are no deposits or withdrawals during 2018, show that the dollar-weighted rate of return and the time-weighted rate of return for the fund during 2018 are both equal to (C-A)/A. b) If there was a single deposit of Wimmediately after the September...
An association had a fund balance of 75 on 1/1 and 60 on 12/31. At the end of every month during this year, the association deposited 10. There were withdrawals of 5 on 2/28 and 25 on 6/30, 80 on 10/15 and 35 on 10/31. Find the dollar-weighted rate of return for the year.
A company's defined benefit pension plan had a PBO of $273,000 on January 1, 2018. During 2018, pension benefits paid were $41,000. The discount rate for the plan for this year was 12%. Service cost for 2018 was $83,000. Plan assets (fair value) increased during the year by $51,000. The amount of the PBO at December 31, 2018, was: $347,760. None of these answer choices are correct. $232,000. $388,760.
Please make entries for the following transactions of a city General Fund. 1. January 1-- Levied property taxes to finance the current year budget. The total levied was $4,000,000. Two percent has historically proven uncollectible. 2. January 15-- Issued a 6-month, 5% note for $150,000. 3. January 31-- Paid salaries, $75,000. 4. February 10—Purchased land for cash, $62,000. 5. February to December 31—collected taxes of $3,100,000. 6. Repaid the 6-month note plus interest on July 15. 7. December 12—Wrote off...
At the beginning of the year an investment fund was established with an initial deposit of $1,000. A new deposit of $500 was made at the end of four months. Withdrawals of $200 and $100 were made at the end of six months and eight months, respectively. The amount in the fund at the end of the year is $1,272. Find the approximate effective rate of interest earned by the fund during the year using the dollar-weighted rate of return...
On January 1, Year 1, Bell Corp. issued $273,000 of 10-year, 6 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, Year 1 Required Prepare all the general journal entries related to these bonds for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2...
Problem 10-01A On January 1, 2022, the ledger of Carla Vista Co. contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,500 8,600 21,000 During January, the following selected transactions occurred. Jan. Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 12 Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $13,200. (Credit Service Revenue.) Paid state treasurer's department for sales...
The Office Supplies account had a $480 debit balance at the beginning of the year. During the year, $4,885 of office supplies are purchased. A physical count of supplies at December 31 shows $539 of supplies available. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $3,000 of unexpired insurance benefits remain at December 31. The company has earned (but not recorded) $600 of interest revenue for the...
Problem 5-26 (LO 5-3, 5-4, 5-5, 5-7) On January 1, 2018, Sledge had common stock of $180,000 and retained earnings of $320,000. During that year, Sledge reported sales of $190,000, cost of goods sold of $100,000, and operating expenses of $46,000. On January 1, 2016, Percy, Inc., acquired 90 percent of Sledge's outstanding voting stock. At that date, $66,000 of the acquisition-date fair value was assigned to unrecorded contracts (with a 20-year life) and $26,000 to an undervalued building (with...