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Luden [163]
3 years ago
14

Light poles to be paid for in installments by affected property owners$350,000 Van used to transport supplies to all city depart

ments on a cost reimbursement basis 65,000 Equipment used for supplying electric power to residents 1,250,000
Business
1 answer:
lawyer [7]3 years ago
3 0

Question Continuation.

Which of the above should be accounted for in an internal service fund?

Answer:

Van used to transport supplies to all city departments on a cost reimbursement basis #65,00

Explanation:

An Internal Service Fund is a type of fund that is often used by the government for accounting purposes in tracking of goods and/or service that has been shifted between two or more departments on a cost reimbursement basis.

An example of an internal service fund is the (answer) above because it involves transporting supplies to all city DEPARTMENTS.

The keyword here is DEPARTMENT because that's the essence of an internal service fund.

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________ and ________ are typically the most easily identifiable aspects of a company's business model.
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The parts of a company's business model that are often easiest to identify are market strategy and market opportunity.

A market opportunity is a newly identified demand that a company could use to grow; often, this is because competitors aren't filling it.

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For more information, Market strategy and market opportunity

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3 0
2 years ago
Shania operates an event-planning business and specializes in organizing corporate events. Her business is new but although she
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4 0
3 years ago
Chik’s Chickens has accounts receivable of $6,333. Sales for the year were $9,800. What is its average collection period?
MAXImum [283]

Answer:

The answer is 235 days

Explanation:

Average collection period can also be called Days' outstanding period. And it is the number of days it takes a business to collect its money or receivables from the goods or services sold on credit.

Days' reveivables period or Average collection period = 365 days / reveivables turnover.

Receivables turnover = Sales/ average receivable

$9,800/$6,333

= 1.55

Average collection period=

365 days/1.55

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6 0
3 years ago
An external competitor to Construction (from another island) is offering to build the new homes for $1300 each. Here are facts a
cupoosta [38]

Answer:

a. The minimum transfer price (per home) that Construction would be willing to accept would be $1,270

b. The maximum transfer price (per home) Island Evaluations would be willing to accept would be $1,300

Explanation:

a. According to the given data If Construction accepts the proposal of Island Evaluations, then it has to foregone the profits which could have been earned if Construction accepted the proposal of local villagers to build an incline, a bridge and a campground.

Hence, minimum transfer price (per home) for Construction should be such that it covers the profit foregone as given above:

Now, profit foregone is calculated as per the table below:

Figures in $

Particulars Revenue Cost Profit

Incline        1400          600 800

Bridge         1500 950  550

Campground 2700 1200 1500

Total        5600 2750 2850

Therefore, the transfer price should be such which can generate a profit of $2,850 for Construction.

Therefore, total revenue which should be generated = Cost of building five new homes + Profit foregone

= 700*5 + 2850 = $6,350

Hence, minimum transfer price (per home) should be = 6350/5 = $1,270

b. The maximum transfer price (per home) that Island Evaluations will be willing to accept is $1,300 per home as quoted by the external competitor from another island.

4 0
2 years ago
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