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bezimeni [28]
2 years ago
8

In a town's general fund operating budget for the year, the amount of its estimated revenues exceeded the amount of its appropri

ations. This excess should be?
Business
1 answer:
kaheart [24]2 years ago
5 0

This excess should be credited to Budgetary Fund Balance Unassigned.

<h3>What is Fund Balance?</h3>

Any specific fund's fund balance is basically what is left over after the fund's assets are used to pay its liabilities. Both the reserved and unreserved portions of the fund balance must be disclosed.

<h3>What is Unassigned Fund Balance?</h3>

The term "unassigned fund balance" refers to the balance that remains after non-spendable, restricted, committed, and assigned funds have been deducted from the total amount. It contains all spendable monies that are not included in the other classes. That's not a very simple explanation.

Therefore, perhaps the simplest approach to considering the unassigned fund balance is the amount of money available to stop a cash flow problem.

Therefore, in a town's general fund operating budget for the year, the number of its estimated revenues exceeded the number of its appropriations. This excess should be credited to Budgetary Fund Balance Unassigned.

For more information on Budgetary Funds, refer to the link:

brainly.com/question/16033301

#SPJ4

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To maintain good citizenship as a company and to make a fair profit on current operations are examples of _____. values
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Those are examples of values.
Values is a set of standard that held by certain individuals or group that would be a crucial factor in creating their moral codes.
Different companies may held completely different values based on what they want to achieve as their goals and identity.
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3 years ago
G. How trustworthy do you think the secondary source is? Do you think this source
melomori [17]

Answer: The secondary source on a topic may be biased because the information is translated and the text and information could be altered

Explanation:

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3 years ago
Village Bank has $310 million worth of assets with a duration of 12 years and liabilities worth $248 million with a duration of
vitfil [10]

Answer:

2129  futures contracts to be sold

Explanation:

Asset worth = $310 million

Asset duration = 12 years

liabilities = $248 million

Liabilities duration = 5 years

T-bond futures contracts = 104-20 (30nds)

% of assets = 310 / 248 =

<u>Determine how many futures contracts Village Bank will sell to fully hedge the balance </u>

Number of Contracts = -[Assets * (Asset Duration – (Liabilities Duration * % of Assets) / (Duration * Contract Value)]

 = - [ 310 * ( 12 - ( 5 * (310/248)) / ( 8 * ( 104 + ( 20/30)) ]

= - [ 310 * ( 12 -  6.25 ) / ( 8 * 104.6667 ) ]

= - [ 310 * 5.75 / 837.3336 ]

= - 2.12878 * 1000

= 2128.78 ≈  2129 ( number of futures contracts to be sold )

5 0
3 years ago
determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from n
GrogVix [38]

The present value of the investment is $5,658.29.

The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.

Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62

Present value of year 2 cash flows=$3000 / 1.04² = $2,773.67

Sum of the discounted cash flows = $2,773.67 + $2,884.62 = $5,658.29

A similar question was solved here: brainly.com/question/9641711?referrer=searchResults

3 0
2 years ago
The type of cover letter written to request assistance and support from the author’s job network:
Fittoniya [83]

There are five general types of cover letters:

<span>1.      </span>Application Letter - to apply for a specific job opening

<span>2.      </span>Referral Cover Letter - mentions the name of a person who has referred you to a job

<span>3.      </span>Letter of Interest - <span> a prospecting letter, inquires about possible job openings </span>

<span>4.      </span>Networking Letter-<span> request job search advice and assistance (sample networking letters)</span>

<span>5.      </span>Value Proposition Letter - a brief statement explaining what makes the candidate unique

<span>If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.</span>

3 0
3 years ago
Read 2 more answers
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