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disa [49]
1 year ago
10

When accounting for the general fund, the encumbrances control account is credited when:_____.

Business
1 answer:
polet [3.4K]1 year ago
7 0

When accounting for the general fund, the encumbrances control account is credited when: purchase order is filled or canceled.

<h3>What do you mean by general fund?</h3>

A general fund is defined as the fund which is known as the primary operating fund of a governmental unit. Most of the usual activities are supported by general fund.

On the other hand, the encumbrance control account is defined as settlement under which the some amount of money keep aside to meet the anticipated expenses.

For example, the reserve is used for maintaining the contract or purchase order.

Learn more about general fund, refer to the link:

brainly.com/question/24020252

#SPJ4

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Bramble Corp. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budge
azamat

Answer:

$93,840

Explanation:

Calculation to determine how much is the total budgeted variable selling and administrative expenses for October

October Total budgeted variable selling and administrative expenses=

(0.6 + 1.2 + 0.3 + 0.35) x 7200 +6000 + 39,000 + 7,200 + 24,000

October Total budgeted variable selling and administrative expenses=2.45x 7200 +6000 + 39,000 + 7,200 + 24,000

October Total budgeted variable selling and administrative expenses=$17,640+6000 + 39,000 + 7,200 + 24,000

October Total budgeted variable selling and administrative expenses=$93,840

Therefore the total budgeted variable selling and administrative expenses for October is $93,840

4 0
3 years ago
Bonita Industries produces face cream. Each bottle of face cream costs $11 to produce and can be sold for $15. The bottles can b
Anna [14]

Answer:C. Face cream must not be processed further because cost increase more than revenue.

Explanation:

The bottle of face cream cost $11 to the firm at a sales price of $15 bringing in a profit of $4, however if the firm decided to process the cream bottle further into sunscreen it will incur additional cost of $16 which brings the total cost to $27 and it can only be sold for $26 which brings a loss of $1 invariably cost is greater than revenue.

7 0
3 years ago
The movie E.T. the Extraterrestrial grossed $435,110,554 in box office receipts in 1982. The movie Titanic grossed $659,363,944
earnstyle [38]

Answer:

E.T. the Extraterrestrial

Adjustment for inflation in 1997

Value of E.T. box office receipts = $723,681,284.11 ($435,110,554/96.5 x 160.5)

Explanation:

To adjust a 1982 receipts for inflation in 1997, the 1982 receipts is divided by the 1982 price index and multiplied by the 1997 price index.  This results to an inflation-reflected receipts in 1997.

The adjustment helps to put a value that is equivalent to the current price (assessed period's current price) having factored in inflation.

A Consumer Price Index is a statistical estimate that measures the changes in the price level of a weighted average market basket of consumer goods and services purchased by households.  It is measured periodically to reflect inflation.

Inflation is the general rise in the prices where a unit of currency yesterperiod buys less today than it did.  It is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time.

6 0
3 years ago
What is the purpose of the United States Constitution?
Helen [10]
The Constitution<span> has three main functions. First it creates a national government consisting of a legislative, an executive, and a judicial branch, with a system of checks and balances among the three branches. Second, it divides power between the federal government and the </span>states<span>.</span>
8 0
3 years ago
Explains how elasticity and incentives work together. Write them in two to three sentences
IgorLugansk [536]

An elastic good, such as a game, is more likely to respond to incentives.

Explanation:

In order that elastic products can react to rewards, elasticity and motivation function together.

The calculation of how a complex economy responds to a transition is elastic. In different quantities, elasticity reacts more than any other factor.

Incentive is called something that helps a individual in different ways. Remuneration reward, for example. Here, a person wants more money from a content.

Some types of rewards are bribery, inherent rewards and innate motivation.

4 0
3 years ago
Read 2 more answers
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