Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The city of Stewart has a single-employer defined benefit pension plan to provide retiree pension benefits to its Electric Utility enterprise Fund employees. The plan is administered in a trust meets the GASB requirements. The city of Stewart contributed $1,600,000 cash to the pension plan during the fiscal year ending December 31, 2022.
Assume that the actuary for the city of Stewart's Electric Utility Enterprise Fund measures its net pension liability on December 31, 2022, which is its fiscal year-end. The actuary provides the following additional information in its reporting package to the city of Stewart's accounting department for its use in preparing the Electric Utility Enterprise Fund's December 31, 2022 financial statements.
Actuarial Provided Account Information
Fiscal Year Ending December 31, 2021
Fiscal Year Ending December 31, 2022
Net pension liability
$61,000,000
$6,200,000
Deferred inflow of resources - investment gain
180,000
90,000
Deferred inflow of resources - demographic factos
210,000
Deferred outflow of resources - economic factors
400,000
350,000
Required - Prepare the journal entry to record the pension related activity, including the pension expense, for the city of Stewart's Electric Utility Enterprise Fund for its 2022 fiscal year.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd