All are expected to live 10 yrs past retirement. Each is given credit for 15 years prior service at inception of the plan. The plan calls for payments at the beginning of each retirement year. Wholesome will make a lump sum payment of $250,000 on 1/2/20A to partially fund the prior service cost of $453,246. Funding is to be set at a level payment each period of $108,258, starting on 12/31/20A. The fund earning and the settlement rate are 8%. Prior service cost is to be amortized st-line over
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interest on RAD balance: The balance of Foreign Currency account is showed in the Trial Balance of AD Branch in taka form which is deposit for them and earns general account interest on the daily balance on foreign currency. But the Remittance Awaiting Disposal (RAD) Account of Saiham Cotton Mills Ltd. & Faisal Spinning Mills Ltd. are being maintained with Central Trade Services Unit (CTSU) and neither the branch nor the CTSU is getting general account interest on the daily balance of RAD account
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Objectives: 1. To practice generating a use case model, a domain model and sequence diagrams for a given business scenario. General Instructions: 1. You can choose to create your diagrams using a tool (Visio, Visual Paradigm, Astah Community, PowerPoint, etc), but having your answers on a handwritten sheet of paper is sufficient for this exercise. Question 1: HealthFirst hospital 1. HealthFirst hospital requires a patient management system (PMSystem) with the following requirements:
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T8.Purpose of trial balance. T9.General journal. F10.Posting and trial balance. T11.Adjusting entries for prepayments. T12.Example of accrued expense. F13.Book value of depreciable assets. T14.Reporting ending retained earnings. F15.Post-closing trial balance. F16.Closing entries and Income Summary. F17.Posting closing entries. F*18.Accrual basis accounting. F*19.Purpose of reversing entries. F*20.Adjusted trial balance. MULTIPLE CHOICE—Conceptual
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Facts Lessee Ltd, a British company has leased equipment from Lessor Ltd, as of January 1, 2007 for three years. On expiration the equipment reverts to Lessor Ltd. Annual expenses include a lease payment of $100,000 and other expenses of $2,000 with no expenses incurred by Lessor Ltd. The remaining useful life of the equipment is 4 years. At the time, the equipment had a Fair Market Value (FMV) of $265,000. Lessee Ltd guaranteed a residual value of $20,000 by the end of the lease term. The salvage
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Country South Africa Economics Essay In the following pages we will analyze the place of South Africa in International Trade. In order to do so we will analyze the background of the country, develop PESTLE analysis, look at the balance of payments as well as trade balance, examine exchange trade policy and growth rate of the economy. In conclusion we will provide forecast for country's development. Today South Africa's trade and industrial policy is moving away from a highly protected, inward looking
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monthly mortgage payment prior to the refinancing? PVA = W x 1 - 1 where PVA is the present value (1 + R)N W is the amount received each quarter R R is the interest rate N is the period 160,000 = W x 1 - 1 (1 + (0.0875/12)30x12 (0.0875/12) W = $1,258.720649 The monthly mortgage payment is $1,2580.72
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to illustrate the mechanics of a cash budget and the way cash budgets are used. Discussion questions focus on the rationale behind the use of cash budgets as well as on their inherent problems. The case also raises the issues of the target cash balance, the optimal size of the credit line, the investment of excess cash, and production scheduling for a seasonal business. TIME REQUIRED Without using the model, 3-4 hours of student preparation should be adequate for most students, with possibly
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to illustrate the mechanics of a cash budget and the way cash budgets are used. Discussion questions focus on the rationale behind the use of cash budgets as well as on their inherent problems. The case also raises the issues of the target cash balance, the optimal size of the credit line, the investment of excess cash, and production scheduling for a seasonal business. TIME REQUIRED Without using the model, 3-4 hours of student preparation should be adequate for most students, with possibly
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basis, and thus create a long-term liability, yet not show either the leased asset or the liability on its balance sheet. After FASB 13, most financial or capital leases had to be shown on the balance sheet, with the leased asset appearing as an asset and the PV of the future lease payments appearing as a liability. This is called “capitalizing the lease,” and its purpose was to cause balance sheets to better reflect companies’ actual financial positions. A lease must be capitalized if any one of
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