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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...
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...
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...
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 we...
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...
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...
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...
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....
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 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 $...
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...
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...
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...
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...
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