Answer:
Debit Encumbrances with $6,000
; and Credit Budgetary Control also with $6,000
.
Explanation:
Encumbrance accounting is an accounting technique that is mainly employed to ensure that overspending of the taxpayers' money is avoided.
The journal entries will appear as follows in the book of the City of Grand Marais on May 6 as follows:
<u>Details Dr ($) Cr ($) </u>
Encumbrances 6,000
Budgetary Control 6,000
<em><u>To record the approval of a purchase order for supplies</u></em>
Answer:
False, the labor forced increased
Explanation:
labor force = total number of people actively working (employed) or searching for jobs (unemployed)
lets say L = the total labor force in 2010
by 2016, L had increased by 12.1 million and decreased by 7.3 million
net change of L = 12.1 - 7.3 = 4.8 more million people were part of the labor force in 2016 than in 2010.
Answer: benefits that satisfy needs
Explanation:
A customer value proposition has to do with the value that an organization promise to give an individual if the Individual buys a certain product from them.
A customer value proposition is developed through an effective marketing mix that communicate about benefits that satisfy needs.
Answer:
$7,140 unfavorable
Explanation:
The computation of the materials quantity variance for March is shown below;
We know that
Material Quantity Variance = Standard rate × ( Standard Quantity for actual production - Actual Quantity Used)
=$5.25 × ([4,800 units × 1.5 pounds per unit] - (10,700 - 2,140)
=$5.25 × (7,200 pounds - 8,560 pounds)
= $7,140 unfavorable
Answer:
The actual return on investment was 16.67%
Explanation:
the Return on Investment, will be the net income copared with the own funds (equity). So, we will compare the 50,000 net income with the owner's equity 300,000
50,000/300,000 = 0.1667 = 16.67%
The return on investment is 16.67% This means for every dollar of equity the comany earn 16.67 cent
It also means the company will return their entire investment in:
1/ROI = 1/0.166666 = 6 years
