Pension Fund Trustees
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Beverly Said:
Question for right wingers: is there something wrong with you?We Answered:
There is a reason why people thumb you down when you present the facts.You see, people on the far right and the far left do not use logic in their arguments. This is how it works.
People start with an assumption. This is usually what they have been told, or something that they believe. This could be something like, Obama is a communist. After they cement this belief, they then look for any facts to support this belief. If they cannot find any real facts, they look for people who have the same opinion and pass it off as popular fact, and they twist around the truth to fit into their perceived belief. For evidence of this, just look at how many people still believe that Saddam Hussein had something to do with 9/11.
Logical people start with the facts first, then draw a logical conclusion, like you have done with your social security argument.
Illogical people start with a conclusion first, like Social Security is bad, and then look for facts to back up their claim. When facts contradict the truth, they label the truth as having a liberal bias or something like that.
I find that many on the right do this. They look at their beliefs, then they look for facts to back this up. It is what Limbaugh and Hannity are very good at, and they cater to a large ignorant audience who believes their lies.
If the news would only report on the facts, without any opinion programs like Beck or O'Reily, then Americans would be much better informed. Of course, then the Conservatives would still say that the news has a liberal bias because the facts do not back up their beliefs. Just look at evolution. Conservatives still think that science has a liberal bias.
Jesus Said:
Why do the reported accrued retirement benefits of Vanguard's Trustees not add up correctly?We Answered:
Perhaps they LOST money in their other funds. That would be NORMAL for the last year or so.Byron Said:
Please help me Please! :(?We Answered:
1. A4. D
5. C
Vincent Said:
i need help with journal entries?We Answered:
Jan. 2 -issued a check to establish petty fund of 2000Dr Petty cash $2,000
Cr Cash $2,000
Mar 4- Replenished the petty cash fund, based on the following summary petty cash receipts: office supplies $789, miscellaneous selling expense $256; miscellaneous administrative expense $378
Dr office supplies $789
Dr miscellaneous selling expense $256
Dr miscellaneous administrative expense $378
Cr Cash $1,423
Apr 5- purchased $14,000 of merchandise on account, terms 1/10, n/30. The perpetual inventory system is used to account for inventory.
Dr merchandise inventory $14,000
Cr Accounts payable $14,000
May 7 - Paid the invoice of April 5 after the discount period had passed
Dr AP $14,000
Cr Cash $14,000
May 10 - Received cash from daily cash sales for $9, 455 the amount indicated by the cash register was $9,545
Dr Cash $9,455
Dr Cash over and short (expense) $90
Cr Sales $9,545
June 2 - Received a 60 day, 9% note for 80,000 on the Stevens account
Dr Note receivable 80,000
Cr Accounts receivable 80,000
Aug 1 - Received amount owed on June 2 note plus interest at the maturity date
Dr Cash $81,200
Cr Note receivable $80,000
Cr Interest revenue $1,200
Aug 8 - Received $3,400 on the Jacobs account and wrote off the remainder owed on a 4,000 accounts receivable balance. (The allowance method is used in accounting the noncollectable receivable.)
Dr Cash $3,400
Cr AR $4,000
Cr Allowance for doubtful accounts $600
Aug 25 - reinstated the Jacobs account written off on August 8 and received $600 cash in full payment
Dr AR $600
Cr Allowance for doubtful accounts $600
Dr Cash $600
Cr AR $600
Purchased land by issuing a $300,000, 90 day note to Ace Development which it discounted at %10
Dr Land $292,500
Dr Discount on note payable $7,500
Cr Note payable $300,000
Dec 1 - Journalized the payment of the September 2 note at maturity
Dr Note payable $300,000
Cr Cash $300,000
Dr Interest expense $7,500
Cr Discount on note payable $7,500
Dec 30 - the pension cost for the year was $85,000, of which $62,400 was paid to the pension plan trustee
Dr Pension cost $22,600
Cr Pension cost payable $22,600
Ricardo Said:
The vested benefits of an employee in a pension plan represent benefits?We Answered:
d