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Elenna [48]
3 years ago
7

The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,00

0. Supplies purchased during the year totaled $600,000. The county uses the consumption method. The General Fund should report expenditures for materials and supplies for the year of:_________.A. $ 450,000 B. $ 572,000 C. $ 600,000 D. $ 628,000
Business
1 answer:
alexandr1967 [171]3 years ago
5 0

Answer:

$572,000

Explanation:

Consumption refers to the utilization of goods and services.  Consumption results in customer satisfaction. In accounting for inventory, the consumption approach considers only the products that have been consumed in a particular period.

The applicable formula is

consumption = beginning  inventory + purchases - ending inventory

For general fund

Beginning inventory = $122,000

Purchases=$600,000

Ending balance = $150,000

Consumption = $122,000 + $600,000 - $150,000

consumption = $722,000-$150,000

=$572,000

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Answer:

Imagine you have just flicked a lighter. If you don’t see the flame, you will naturally try a second time. If after the second attempt it does not strike a flame, you will repeat your action again and again until it does. Eventually, you’ll see the flame and you’ll know that your lighter works. But what if it doesn’t? How long are you going to flick the lighter until you decide to give up?

Our everyday life is full of such decision dilemmas and uncertainty. We constantly have to choose between options, whether we make the most ordinary decisions – should I continue flicking this lighter? – or life-changing choices – should I leave this relationship? We can either keep on doing what we are already used to do, or risk unexplored options that could turn out much more valuable.

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Explanation:

It is well known that the decision-making process results from communication between the prefrontal cortex (working memory) and hippocampus (long-term memory). However, there are other regions of the brain that play essential roles in making decisions, but their exact mechanisms of action still are unknown.

4 0
3 years ago
Initial margin requirements are determined by:________
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Answer:

b. the Federal Reserve System.

Explanation:

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The initial margin limit is fixed by the Federal Reserve System.

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deff fn [24]

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professor190 [17]

Answer:

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