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% (10 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...
-
What is the difference between a corporation, a sole proprietorship and a limited liability company?
-
Juliette Shulof Furs (JSF) was a New York corporation that had been in the fur-dealing business for 15 years. George Shulof, an officer of JSF, attended two auctions conducted by Finnish Fur Sales...
-
Lundberg Company had the following trial balance columns on its work sheet: .:. Data for adjusting the accounts are as follows: (a) Factory overhead to be applied to work in process ending inventory...
-
Calculate the total billing amount for Jonas and his associate for their ( 1 ) first client assessment session and ( 2 ) second client assessment session. State whether they are the same or different...
-
1. Describe the leadership style of David Norris? Include in your explanation the nature of the relationship he had with Lindsay Farrow. 2. Do you consider the decisions made by Norris dysfunctional...
-
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?
-
What is a meetup?
-
Problem 6. (20 points total) Assume that the risk-free rate is 3% and the expected rate of return on the market portfolio is 10%. (a) (5 points total) Graphically show what the SML. (Security Market...
-
Step 4.1 - Examine the following Customer-Order-Product-Depot ER-Diagram: street city state area_code number street city state zip area_code number first_name last_name depot_no depot address...
-
Malla plans to purchase a condominium. To supplement to her down-payment, she needs to borrow $150,000. She is able secure a thirty-year mortgage at 4.8%. Complete the Basic TVM Table Below for...
-
for the following code, what is the total LOC value?? void sort (int *a, int n) { int i, j, t, x,y; } if (n < 2) return; for (i=0; i
-
ABC Corporation, a U.S. company, sold equipment to a French company for Euro 100 million. Payment is due in 90 days. Answer the following questions (24-26) using the information below: Current spot...
-
Solve Exercise 14 in Engineering English units. (Check your answer by converting the answer to Exercise 14 into Engineering English units.) Exercise 14 A hypervelocity launcher is an electromagnetic...
-
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...
-
A teapot with a brewer at the top is used to brew tea, as shown in Fig. P3-143. The brewer may partially block the vapor from escaping, causing the pressure in the teapot to rise and an overflow from...
-
Search and locate a current international issue (an issue that affects more than one culture). 1. Describe the issue 2. Define and discuss the two or more cultures involved in the issue 3. Explain...
-
How is ethics defined in research and why is it important? Discuss two different ways in which ethics can be compromised when conducting, using, and reporting data. Describe strategies that can be...
Study smarter with the SolutionInn App