Answer:
The $1,200,000 should be accounted for in Grove’s special revenue funds
Explanation:
Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.
The computation of special revenue funds is shown below:
= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district
= $300,000 + $900,000
= $1,200,000
Answer: $15,400
Explanation:
BEP = Fixed cost - depreciation/ sales - variable cost
BEP = 740,000 - (744,000/6)/($60 -$20)
BEP= $740,000-$124,000/$40
BEP = $616,000/$40
BEP =$15,400
True , Cyclical unemployment can be negative.
Explanation:
Cyclical unemployment may be negative as well — when the economy hits its productivity and will be in the economic growth cycle process (works outside its PPC), then cyclical unemployment will be negative. The current unemployment rate is below the standard rate of unemployment.
The given statements are different in each scenario.
There are three elements of employment:
• Structural unemployment, which happens when Jobless people are also not qualified to work
• Frictional unemployment, due to the time needed to find one another by job-seekers and accessible employers
• Cyclical unemployment, because of the status of the business cycle unemployment
The correct option is (B); Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
<h3>What is zero-based budgeting (ZBB)?</h3>
Zero-based budgeting (ZBB) is a budgeting strategy that entails creating a fresh budget from scratch each time, or from "zero," as opposed to beginning with the budget from the prior month and making adjustments as necessary.
Key features of zero-based budgeting are-
- The zero-based budgeting (ZBB) methodology helps companies match their spending to their strategic objectives.
- According to this methodology, firms must create their yearly budget from scratch each year in order to ensure that all of its components are affordable, pertinent, and capable of generating increased savings.
- With zero-based budgeting, each budgeting cycle is started at zero.
- This strategy requires explanation of all expenses, not just new ones.
- The quickest path to achieving your financial objectives is still with a thorough spending strategy.
To know more about the zero-based budget, here
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The correct question is-
The major feature of zero-based budgeting (ZBB) is that it
A. Takes the previous year’s budgets and adjusts them for inflation.
B. Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
C. Assumes all activities are legitimate and worthy of receiving budget increases to cover any increased costs.
D. Focuses on planned capital outlays for property, plant, and equipment.
This increase in demand affect the demand for home loans does Demand shifts to the right
Explanation:
A change to the right in the price curve shows an rise in production. This may be attributed to many reasons, including an rise in wages, an improvement in replacement rates or a decrease in a supplement's demand.
Factors such as average income and expectations that shift to the right or to the left of an entire demand curve. This makes it possible to allow a larger or lower quantity at a specific price. Paribus presumption Ceteris. Market curves compare the demanded prices and quantities given no adjustment is made.
