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2 years ago

Question 13 (5 points)

Business

1 answer:

ANTONII [103]2 years ago

4 0

Answer:

Improved education is the key to economic development.

Explanation:

What is development without education, then we will just go back to the Savage civilization, education is fundamental in our professional and personal life, it deals with everything. Like industrialization, cooking, economic development and everything else. So for sustainable development for a developed or developing country one needs education to become skilled and help in the development of ones country

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A citizen group raised funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, t

tino4ka555 [31]

Answer:

a. Journal entries

Particulars Debit Credit

Revenue: Addition to permanent $510,000

endowment

Revenue investment income $48,000

Revenue : increase in fair value $8,000

of investment

Expenditure - subscription $39,500

Fund balance $526,500

b. Statement of revenue , expenditure , and changes in fund balance

Particulars Amount

Revenue

Addition to permanent endowment $510,000

Investment income $48,000

Increase in fair value of investment $8,000

Total revenue $566,000

Expenditure

Library subscription $-39,500

Net change in fund balance $526,500

Beginning fund balance 0

Ending fund balance $526,500

c. Balance sheet

Assets

Cash $8,500

Investments $5,18,000

Accrued interest receivable $2,000

Total assets $528,500

Liabilities and fund balance

Liabilities

Accounts payable $2,000.00

Fund balance

Non spendable permanent $510,000

fund principal

Assigned to library $16,500

($526,500 - $510,000)

Total fund balance $526,500

Total liabilities and fund balance $528,500

3 0

3 years ago

George Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the num

Kazeer [188]

Answer:

be greater than the net operating income under variable costing

Explanation:

Under absorption costing method it includes the total cost of the product that is the fixed cost and variable cost to account for the production.

Whereas in variable costing we only consider the variable cost of production and deduct the fixed costs from the contribution margin.

As George corporation has no beginning inventory and production exceeds sales therefore cost of goods sold reduces( due to closing inventory) resulting in greater net operating income than in variable costing .

7 0

3 years ago

If all firms expect greater demand for their products or services, they will hire _____ resources like labor and capital and the

nexus9112 [7]

Answer: more, growth

Explanation:

If all firms expect greater demand for their products or services, they will hire more resources like labor and capital and the economy will experience growth.

For an economy to grow, human capital, labor force, and technology can not be exempted. The quality of the materials used also plays a vital role as well. Once all these are in place, then the economy while start experiencing turn around.

6 0

3 years ago

How much would software c cost

Kamila [148]

Explanation:

I will try and say the answer

3 0

2 years ago

Infinity Clock Company prepared the following static budget for the year: Static Budget Units/Volume 9 comma 000 Per Unit Sale

Zielflug [23.3K]

Answer:

Net operating income= 31,300

Explanation:

Giving the following information:

Static Budget:

Units= 9,000

Selling price per unit= $5

Variable Costs per unit= $1.50

Fixed Costs= 3,000

We need to determine the operating income if 9,800 units were sold:

Sales= (9,800*5)= 49,000

Total variable costs= (9,800*1.5)= (14,700)

Contribution margin= 34,300

Fixed costs= (3,000)

Net operating income= 31,300

5 0

3 years ago