Answer: B. Restricted Fund Balance
Explanation:
A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.
The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.
Answer:
so here correct option is E Depreciation on equipment
Explanation:
given data
no of unit sold = 10000 units
sales decrease = 15%
solution
Depreciation on equipment cost will not change because
Depreciation on equipment is assumed to be fixed in nature
and it is not change with increase or decrease in sales
and all other cost given here is variable in nature and it depend upon sales or an production
so here correct option is E. Depreciation on equipment
Answer:
Capital loss = $(5.46)
Explanation:
<em>Return on investment would be the proportion of the amount invested that is earned as profit. </em>
<em>Profit here includes dividends earned plus capital gains less broker's commission.
</em>
<em>Capital gains/(loss) represents an appreciation/(depreciation) in the stock value. It is usually measures by the change in the stock value over the investment period under focus</em>
Capital gain/loss on stock = stock price at the end - stock price at the beginning
Stock price at the end= 48.78
Stock price at the beginning = 54.24
Capital loss = (48.78 - 54.24) = $(5.46)
The dividend would not be included simply it is not a capital item
Capital loss = $(5.46)
Answer:
(D) George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100.
Explanation:
Transaction for the event
Dr. Equipment (Asset) 9800
Cr. George (Capital A/c) 6700
Cr. Ben (Capital A/c) 3100
So.
George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100 on the basis of their contribution in the purchase of equipment. So option D is true based on this event.
Answer: 1.95%
Explanation:
Your after-tax return can be calculated by the formula;
= return * ( 1 - tax rate)
= 2.6% * ( 1 - 25%)
= 1.95%
