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4 years ago

Which of the following funds of a governmental unit uses the same basis of accounting as an enterprise fund?

Business

1 answer:

ycow [4]4 years ago

3 0

Answer:

The correct answer is a. Special revenue.

Explanation:

A special revenue fund is an account established by a government to raise money that must be used for a specific project. Special income funds provide an extra level of responsibility and transparency to taxpayers that their taxes will be used for a specific purpose.

Example: A city could establish a special income fund to pay the costs associated with stormwater management. The money from this fund could only be used for stormwater management expenses, such as street sweeping, sewer and ditch cleaning, system maintenance and a public awareness campaign. The city would have to publicly report where it raised the money from the special income fund and how it spent the budget of the special income fund.

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Programming languages used to create artificial intelligence and expert system applications are often called _____

SSSSS [86.1K]

<span>Programming languages used to create artificial intelligence and expert system applications are often called fifth generation languages. This programming language works by solving using the restrictions given to the program unlike the conventional method of using an algorithm developed by a programmer.</span>

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3 years ago

Waterway Industries has a material price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound.

GrogVix [38]

Answer:

The appropriate solution will be "$1320".

Explanation:

The given values are:

Material's actual quantity

= $6600

Standard price

= $2.00

Actual price

= $2.20

Now,

The material price variance will be:

= Actual quantity (Standard price - Actual price)

On substituting the values, we get

= $6600(2.00-2.20)$

= $6600\times (-0.20)$

= $1320$ ($)

6 0

3 years ago

Contributions with no eligibility requirement restricted by an external donor for a particular operating purpose would be report

irakobra [83]

Answer:

Explanation:

8 0

3 years ago

Which accurately explains the difference between the stock market and the bond market?

Reptile [31]

<span>Bond prices have an inverse relationship with interest rates. As bond prices rise, yields will fall. Typically this is bullish for stocks as investors move to the equity marke .Equity is bought and sold in the stock market while debt is bought and sold in the bond market.The Stock Market is a subset of the Capital Market.</span>

5 0

4 years ago

Read 2 more answers

Trusper Company was organized on January 1, Year 1 and has had 1,000 shares of $200 par value, 10% cumulative preferred stock ou

snow_tiger [21]

Answer:

$50,000

Explanation:

Generally, preferred stockholders receive dividends earlier than common stockholders. Moreover, as the preference shareholders are cumulative, if they do not receive dividends current year, they will receive in the next year. Finally, preferred dividend is fixed until there are new issuance of preferred stock.

Preferred dividends for Year 1 = 1,000 shares × $200 × 10% = $20,000

For year 2 = $20,000

Given, total dividends in year 1 = $15,000

Therefore, company provides $15,000 to preferred dividends. No common dividends in year 1.

However, in the next year (Year 2), the company will pay $5,000 + $20,000 = $25,000 to preferences shareholders.

Therefore, remaining dividends are for common stockholders.

Year 2 common stockholders dividends = $75,000 - $25,000 = $50,000.

8 0

4 years ago