Answer:
b. Enterprise fund and depreciation on the capital assets should be recorded.
Explanation:
Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow: all cash generated from the business activities of an organization.
2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.
3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.
Capital assets used by an enterprise fund should be accounted for in the enterprise fund and depreciation on the capital assets should be recorded.
Additionally, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
Answer: Total cost (23500 hours predicted ) = $ 484625
Explanation:
The question is incomplete the high and low methods requires us to use high and low level of activity together with the corresponding total costs at each level to determine the variable cost per unit. we will provide assumed total costs and nursing hours in order to show how high and low method is used to predict total costs for the next period.
Assume the following were total costs and corresponding nursing hours for the previous 3 months
Total cost Hours
$560000 30000 hours
$400000 220000 hours
$225000 10000 hours
calculating Variable cost using high and low method
Variable cost per unit = (high cost - low cost)/high hour - low hours)
Variable Cost Per unit = (840000 - 225000)/ (30000 - 10000) = 16.75
Variable cost per unit = $ 16.75
Fixed costs = 560000 - (28000 x 16.75) = 560000 - 469000
Fixed costs = $91000
Total cost (23500 hours predicted ) =Total Fixed cost + Total Variable costs
Total cost (23500 hours predicted ) = $91000 + (23500 x $16.75)
Total cost (23500 hours predicted ) == $91000 + $393625
Total cost (23500 hours predicted ) = $ 484625
When the stock market crashed people panicked
Answer:
The correct answer is (b)permitted because the contract is just for music lessons.
Explanation:
Recall that,
Johann, a well known musician agrees to give out ten lessons of guitar to Elton for an amount of $ 2000. this contract forbids delegation.
Since Johann delegates his obligation to Eugene who is a second year student in music, then his delegation is only allowed because the contract is to take music lessons and nothing more.
