Vested benefits are
A) estimated benefits.
B) not contingent on future service to a company.
C) to be received as a lump sum payment.
D) lost when employment is terminated.
B
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Almost all electronic point-of-sale systems rely on _____
a. videoconferencing b. customer data bases c. Universal Product Codes d. electronic data interchange
A company that uses the perpetual inventory system purchases inventory for $63,000 on account, with terms of 2/10, n/30. Which of the following is the journal entry to record the payment made within 10 days?
A) a debit to Accounts Payable for $63,000, a credit to Cash for $61,740, and a debit to Merchandise Inventory for $1,260 B) a debit to Accounts Payable for $63,000, a credit to Merchandise Inventory for $1,260, and a credit to Cash for $61,740 C) a debit to Merchandise Inventory for $1,260, a debit to Accounts Payable for $63,000, and a credit to Cash for $64,260 D) a debit to Accounts Payable for $61,740, a debit to Merchandise Inventory for $1,260, and a credit to Cash for $63,000
Describe the elements of an effective crisis management plan.
What will be an ideal response?
The City of Richmond maintains a Public Employee Retirement Trust Fund for its public safety employees. During the year ended June 30, 2017, the following transactions occurred:1.The City contributed $ 1,200,000 in cash to the plan. Employee members contributed an additional $ 1,200,000.2.Annuity benefits in the amount of $255,000 were recorded as liabilities.3.Annuity benefits, previously recorded as liabilities, were paid in cash in the amount of $207,000.4.Investment income received in cash amounted to $102,000. In addition, $16,000 in interest receivable was accrued at year-end.5.Additional investments in the amount of $2,100,000 were purchased.6.The market value of investments decreased by $9,100.7.Nominal accounts for the year were closed.Required: Prepare journal entries for
the above transactions on the books of the City of Richmond Public Safety Employee Retirement Trust Fund. What will be an ideal response?