Answer:
The present value of the pension fudn is 32,817,587,624.32 dollars
the state must first pay this amount before start a new pension plan
Explanation:
Employees 240,000
The average employee is 22 years away fro mretirement.
and the average retirement benefit is 400,000
discount rate: 5%
<u>Total fund obligation:</u>
240,000 employees x 400,000 dollars each = 96.000.000.000
Then, we discount at 5% for 22 years:
Maturity 96,000,000,000.00
time 22 year
rate 5% = 0.05
PV 32,817,587,624.32
Answer:
Interest Payable - 2021 = $6653.33 rounded off to 6653
Explanation:
The accrual principle in accounting requires the revenue and expenses for a period to be matched and recorded in their corresponding or respective periods. Thus, even though the interest on note will be paid at maturity in 2022, the interest expense related to the month of November 2021 and December 2021 will be recorded in the current year at 31 December as interest payable.
Interest Payable - 2021 = 499000 * 8% * 2/12
Interest Payable - 2021 = $6653.33 rounded off to 6653
Reconciliation is the accounting process of comparing two data sets to ensure that the numbers are correct and consistent.
Reconciling bank statements simply means comparing your internal financial records with those provided by your bank. This process is critical to being able to identify anomalous transactions caused by fraud or accounting errors.
All businesses are required to reconcile their banks at least once a month. It is convenient to reconcile the books immediately after the end of the month, as at the end of the month your bank will send you a monthly statement that you can use as the basis for your reconciliation. Balance sheet reconciliation is the process of closing the balances of all individual companies.
Learn more about Reconciliation here:- brainly.com/question/15525383
#SPJ4
Answer:
B. Subscribers cancelling their subscriptions
Explanation:
Central Times’s business environment had suffered tremendousy in recent times with transition from newspaper publication to online journalism. As a result of this, Time's publishing company has faced many problems some of which are highlighted below: many of the newspaper subscribers have cancelled their subscription, they were losing revenue, they had to relief a third of their reporting staff primarily. However, amidst all these, <u>the primary cause of disruption to Central Times’s business environment is option B</u> (Subscribers cancelling their subscriptions). It was this problem that led to the other problems (loss of revenue, firing a third of their reporting staffs)
Answer:
1) Reward
2) Enjoyment
3) Personality Growth
Explanation:
<u>Learning Business</u>
I opted for Business because it is very easy as compared to other subjects.
It is applicable anywhere anytime.
It is rewarding in terms of rules and regulations.
<u>Otherwise Learning</u>
It enhances your abilities making you a strong enough person to fight any challenge.
It is always rewarding. It pays you one way or other.
It polishes and nourishes your personality to an extent where you feel better adapted towards life.
It is an enjoyment in the sense that it makes you see how well you use your abilities. For example I like mathematics and I enjoy doing it. Some people like drawing and they enjoy it.
