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AlexFokin [52]
4 years ago
11

40. Using simple math, the Water Utility Fund of Eugene, Oregon has the following subtotals on its December 31, 2019 Statement o

f Net Position: Total Current and Accrued Assets, $2,000; Total Restricted Assets, $1,050; Net Utility Plant, $10,500; Other Assets, $60; Total Current Liabilities, $800; Liabilities payable from restricted assets, $250; and Long-term Liabilities, $7,900. How much would be the net position—Unrestricted? A. $1,200. B. $1,260. C. $950. D. $2,000.
Business
1 answer:
alekssr [168]4 years ago
3 0

Answer:

B. $1,260

Explanation:

The computation of the net position unrestricted is shown below

Unrestricted Net Position is

= Total Current and accrued Assets + Other assets - current liabilities

= $2,000 + $60 - $800

= $1,260

We simply added the other assets and deduct the current liabilities to the total current and accrued assets so that the amount could come in a correct way

Therefore all other information that is not considered is irrelevant. Hence, ignored it

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A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest

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Kwan wants to open a new business in his own country, Singapore. He has decided on a form of licensing that will provide him wit
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Direct sales

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Celia is a college student who just took her first trip to Las Vegas. While there, she charged $2,000 on her new credit card. Wh
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Answer:

1)Celia actually did charge $3,000 on her credit card and admitted such to the credit card company, but argued she only had $2,500 in her  bank account to pay off the credit card.

Telling a bank or a credit card company that you do not have enough money top pay right now will not make them forgive the unpaid balance. They might offer you some type of agreement or schedule for you to pay for the remaining balance (in this case $500). A court will never rule in favor of a borrower just because they do not want to pay the whole balance and will not accept a payment schedule.

3) Celia and the credit card company agreed that Celia would pay $2,500 as full payment of the disputed debt, but Celia never paid the  $2,500.

When Celia and the credit card company reached an agreement to settle their dispute, that agreement is binding on both parties. Celia must pay the $2,500 and the credit card company will not charge any more money. But if Celia doesn't make the payment, she is not performing her part and the credit card company can sue her for it, and will probably win.

Explanation:

the options are missing:

  1. Celia actually did charge $3,000 on her credit card and admitted such to the credit card company, but argued she only had $2,500 in her  bank account to pay off the credit card.
  2. Celia actually did charge $3,000 on her credit card and admitted such to the credit card company. However, Celia had no money, so she  offered the credit card company her car in exchange for full payment of the debt and the credit card company accepted. Celia turned over  title to her car to the credit card company.
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3 years ago
What are the features of a corporation
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Explanation:

Corporation Has Limited Liability. ...

Corporation is Owned by Shareholders. ...

Consider Double Taxation. ...

Corporations Have Their Own Lifespan.

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Answer:

The correct answer is option b.

Explanation:

Aggregate demand represents the overall demand of goods and services in the economy in a year. It is comprised of consumption spending, investment, government spending, and net exports.

An increase in the government spending will increase the aggregate demand, so the aggregate demand curve will shift to the left.

A decrease in the stock prices, on the other hand, will cause the aggregate demand to fall, shifting the curve to the left. This happens because decrease in stock prices causes the wealth of the investors to decline. The consumer spending decreases and so does aggregate demand.

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