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neonofarm [45]
3 years ago
8

A(n) ________ occurs when an authorized federal employee signs a document that legally binds the government to a future expendit

ure; a(n) _____________ occurs when the government check is cashed and money is withdrawn from the treasury.
Business
1 answer:
Nataliya [291]3 years ago
3 0

I guess the correct answer is Obligation; outlay

An obligation occurs when an authorized federal employee signs a document that legally binds the Government to a future expenditure; an outlay occurs when the Government check is cashed and money is withdrawn from the Treasury.

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4. Carter owns a hair salon. He sets his own schedule based on commitments to his kids and his clients needs. Which core dimensi
Dafna11 [192]
That answer is skill variety
4 0
3 years ago
If the expected inflation rate is 4 percent and the nominal interest rate is 9 percent, the expected real interest rate is _____
goldenfox [79]

The real interest rate is simply nominal interest rate less the inflation rate. In equation form this is equivalent to:

Real interest rate = Nominal rate – Inflation Rate

Real interest rate = 9% - 4%

Real interest rate = 5%

<span> </span>

7 0
2 years ago
Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His
Alinara [238K]

Answer: $132,000

Explanation:

Oscar's new basis on the building will be the basis of the old building plus any additional investment he added.

This is the because there is no gain on the $140,000 he received because it was an Involuntary Conversion amount and he reinvested it into another building within a period of 2 years.

As there is no gain, the building will retain it's original basis but will add any amount outside the involuntary replacement cost of the building.

The Additional basis will be,

= Cost of building - Insurance

= 142,000 - 140,000

= $2,000

The Basis for the new building is,

= 130,000 + 2,000

= $132,000

3 0
3 years ago
Even though many bonds have deferred sinking funds, the sinking fund has the following effects on bondholders: I) provides extra
Vladimir [108]

Answer: I) provides extra protection to bondholders as both an early warning system and perhaps some collateral cash

II) ) provides an option to the firm to buy bonds at the lower of market or face value.

Explanation:

A sinking fund is typically an amount of money that is being set aside by a company in order to either pay a bind or pay off a particular debt that the company has incurred.

The effect of the sinking bond on bondholders is that it provides extra protection to bondholders as both an early warning system and perhaps some collateral cash and tabt is also provides an option to the firm to buy bonds at the lower of market or face value.

Therefore, option I and II are correct.

3 0
2 years ago
Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:
vitfil [10]

Answer:

The correct answer is letter "B": Debit Prepaid Rent, credit Cash.

Explanation:

Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>

4 0
3 years ago
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