Bluff County's schedule of changes in net pension liability and related ratios is shown below. Required Compute
Question:
Required
Compute the missing amounts.
Transcribed Image Text:
BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years 2017 2016 2015 Total pension liability $ 123,22!5 $125,440 182,580 $127,950 Service cost Interest Differences between expected and actual 1,250 (248,000) 2,083,715 169,960 625 (217,960) 1,927,550 (850) experience Benefit payments (including refunds of employee contributions) Net change in total pension liability Total pension liability, beginning Total pension liability, ending Plan fiduciary net position 75,590 Contributions-employee Contributions-employer Net investment income Benefit payments (including refunds of $ 32,450 98,620 18,990 S 36,240 102,530 91,550 (21,510) (51,330) (2,840) employee contributions) (64,500) (3,290) (42,780) (3,110) 80,500 Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position, beginning Plan fiduciary net position, ending Net pension liability, ending 1,011,680 1,057,720 1,220,490 $ 929,430 Plan fiduciary net position as a percentage of total pension liability Covered-employee payroll Net pension liability as a percentage 47.33% 489,810 45.38% of covered-employee payroll 185.09% 194.8696
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
Bluff County Employee Retirement System Schedule Of Changes in The Countys Net Pension Liability And ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-0078025822
17th edition
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
Question Posted:
Students also viewed these Accounting questions
-
Bluff Countys schedule of changes in net pension liability and related ratios is shown below. Required Compute the missing amounts. BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the...
-
Compute the missing amounts for the following 3companies. Johnson Company Best Company Coury Company Cash Accounts receivable Land and buildings Accounts payable Mortgage payable Owners' equity...
-
Compute the missing amounts for the following table. Number of units Sales price per unit Variable costs per unit Total fixed costs Target profit Calculate: Contribution margin per unit Contribution...
-
McIntyre Industries Work in Process Inventory account had a $68,000 beginning balance on May 1 ($40,000 of this related to direct materials used during April, while $28,000 related to conversion...
-
You have chosen biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted to medical school is about 10 percent. If you are...
-
In 2015, Calton Inc. had 100,000 shares of $1.50 par value common stock outstanding. Calton issued 100,000 stock rights. Five rights, plus $50 in cash, are required to purchase one new share of...
-
Calculate the value of Maxwell-Stefan diffusivity for ethanol water at \(40^{\circ} \mathrm{C}\) for ethanol mole fractions of \(0.0,0.2,0.3,0.4,0.7\), and 1.0 . The Fickian diffusivities are...
-
A newly established not-for-prot organization engaged in the following transactions. 1. A donor pledged $1,000,000, giving the organization a legally enforceable 90-day note for the full amount. 2....
-
Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information i available. Units Unit Cost Total Cost April 1 inventory 280 $31 $8,680 April...
-
Clint Stillmore operates a private investigating agency called Stillmore Investigations. Some clients pay in advance for services; others are billed after services have been performed. Advance...
-
Evergreen County acts as the disbursing agent for a state grant for the performing arts. The state is responsible for determining which local governments are eligible for the grant money and for...
-
Describe the basic activities conducted by a tax agency fund. What are some of the issues that make tax agency fund accounting complex?
-
Use polar coordinates to combine the sum into one double integral. Then evaluate the double integral. +*[vdv dx + f /4-2 Se S ty dy dx + ty dy dx + dy dx J1//2 J1-x2
-
What is the purpose of the Fed's Discount Window that offers the Discount Rate?
-
Discuss environmental policy using the Principle, "What belongs to you, you tend to take care of; what belongs to no one or everyone tends to fall into disrepair." What steps can we take to ensure...
-
Fluorodeoxyglucose is a derivative of glucose that contains the radionuclide fluorine-18 (18F). A patient is given a sample of this material containing 330 MBq of 18F (a megabecquerel is a unit of...
-
Deploy AI's natural language and decision support to automatically generate individual feedback for each student as they submit responses to lab questions. The feedback goes further than telling the...
-
Direct labor costs Family Model Deluxe Model $72,900 $145,800 Machine hours 2,000 2,000 Setup hours 200 800 Packaging hours 50 75 The estimated overhead of $437,400 is allocated as follows: machining...
-
Tom purchased shares of DuPont for $47.65 per share. He plans to sell the shares when the stock price rises 20%. At what price will he sell his shares?
-
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
-
Defining tie Reporting Entity. Use the comprehensive annual financial report (CAFR) obtained for Exercise/Problem 11, or else locate one for a local government using either the governments own Web...
-
Defining tie Reporting Entity. Use the comprehensive annual financial report (CAFR) obtained for Exercise/Problem 11, or else locate one for a local government using either the governments own Web...
-
Accounting and Reporting Principles. For more than 100 years, the financial statements of the Town of Brookfield have consisted of a statement of cash receipts and a statement of cash disbursements...
-
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 103 100 $ 103.50 200 $ 102.50 200 $ 103.80 200 $ 101 400 104 300 $ 99.80 300 $ 104.50 400 a. Georgina...
-
Jobs, Fears, Robots, and Your Future: the driver shortage problem noted points to a larger issue-the mismatch between the jobs available, and the people who are available, willing, and capable of...
-
The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of...
Study smarter with the SolutionInn App