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3 years ago

Explain the difference between mandatory and discretionary spending? provide an example of each kind of spending"

1 answer:

nataly862011 [7]3 years ago

5 0

Mandatory spending is something that either has, or is strongly urged to be done. Discretionary spending is based on the spenders discretion, if the spender thinks it needs to be spent, then they would do so. Example of mandatory spending would be paying back a loan. Example of discretionary spending would be a good business investment. Hope this helps!

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Assuming Net Income for the year is $250,000, what is the net operating cash flows given the following information:

Musya8 [376]

Answer:

Operating Cash Flows $215,850

Explanation:

Calaculation of Net operating Cash flow

Net Income$250,000

Adjustments for noncash effects:

Depreciation Expense 6,000

Loss on sale of asset 1,350

Changes in current assets and current liabilities:

Increase in Salaries Payable 19,500

Increase in Prepaid Rent(29,000)

Increase in Accounts Payable 29,000

Increase in Inventory(61,000)

Operating Cash Flows $215,850

6 0

3 years ago

Tom sells his father's watch for $100 to sue. he later finds out from his father that the watch was an expensive rolex. tom want

Daniel [21]

The court would rule in sue's favor because courts seldom inquire into the adequacy of consideration.

In contracts, consideration just means the exchange of things of value. There has to be an exchange of things of value for there to be an enforceable contract, and in this case a watch was exchanged for money. It is rare for courts to rule on how much consideration is expected because people are generally free to set their own prices and not sell if the price is too low. That is not for a court to decide (in most cases).

8 0

3 years ago

The general manager has asked you to develop a block out period for the October Annual Homecoming Weekend event at the Times hot

trapecia [35]

Answer:

Answer is explained below in the explanation section.

Explanation:

First of all, the dates for the October Annual Check-Out weekend will initially be finalized.

And then a Guestimate will be drawn up on the number of guests invited to the weekends.

Afterwards, the event will be discussed in full conversation with the hotel manager and the delays are requested to save the party from the chaos of being cancelled due to full occupancy.

In the end, the last list of guests is drawn up and invitations would be sent.

Only when we know that we'll get the hotel for party will negotiation take place.

Otherwise no use will be made for all arrangements made.

3 0

3 years ago

The process of identifying central ideas and details and arranging them in the right sequence is known as _____.

ipn [44]

The process of identifying central ideas and details and arranging them in the right sequence is known as outlining.

3 0

3 years ago

Read 2 more answers

Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par non-cum

iragen [17]

Answer:

b) $10.000

Explanation:

In order to find the total preferred stock dividend we need to have the rate of the dividend, the par value of the preferred stock and the number of preferred stocks. In this question we are given the rate of the dividend of preferred stock which is 5%, we are also given the par value of the preferred stock which is $10 and we are also given the total number of preferred stock which is 20,000.

To find out how much dividend was distributed to preferred shareholders we need to use the formula

Rate of dividend*par value of stock * number of preferred shares

0.05*10*20,000= 10,000

6 0

3 years ago