Adjusting entries to record expenses incurred in the current period, that will be paid in a future period, is described as

A government issued general obligation bonds to finance the construction of a new fire station. In the current year, the governm

Crank

Answer: The correct answer is "Interest expenses of the governmental activities.".

Explanation: This amount will be reported on the government-wide statement of activities as interest expenses of the governmental activities since it corresponds to interest expenses paid for the issuance of debt to finance government activities.

3 0

3 years ago

In the Marigold, maintenance costs are a mixed cost. At the low level of activity (40 direct labor hours), maintenance costs are

alisha [4.7K]

Answer:

Results are below.

Explanation:

To calculate the variable and fixed costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (1,650 - 300) / (300 - 40)

Variable cost per unit= $5.1923

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 1,650 - (5.1923*300)

Fixed costs= $92.31

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 300 - (5.1923*40)

Fixed costs= $92.31

8 0

3 years ago

In 2019, Wesley has a fairly simple tax situation with moderate wage income and a modest amount of interest income. Wesley, age

asambeis [7]

He may file Form 1040.

Explanation:

Form 1040 is the IRS standard form which is used by individual taxpayers to file their annual tax reports.

Form 1040 is the IRS tax form used mostly for personal tax returns submitted by US citizens by the federal government. Form 1040 is a form. The method estimates the taxpayer's gross taxable income and specifies how much the government has to pay or repay.

Who can file? If a person passes the Substantial Appearance Test or the Green Card Test, but some cases exist; people who have a taxable earnings in the US, but refuse to meet the obligation to be resident aliens, must register for taxation purposes for non-resident aliens.

3 0

3 years ago

$1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o

topjm [15]

Answer:

$\large\boxed{\large\boxed{41\%}}$

Explanation:

You need to assume that the total expenses were equal to the cost of the supplies, i.e. there were not other expenses but the $1,500 for supplies to sell.

The total income or revenue was $3,700.

The percentage of the expenses to the revenue is:

$Percentage=\dfrac{expenses}{revenue}\times 100\\\\\\ Percentage=\dfrac{\$1,500}{\$3,700}\times 100=40.5\%\approx41\%$

4 0

3 years ago

What are the main purposes of a budget

Snezhnost [94]

Following a budget will help you keep you out of debt if you are currently in debt.

4 0

3 years ago