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kvv77 [185]
3 years ago
10

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

Business
1 answer:
ycow [4]3 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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Jack and Jill are the only two residents in a neighborhood, and they would like to hire a security guard. The value of a securit
Step2247 [10]

Answer:

Yes their combined contribution of $120 is sufficient to pay the security guard

Explanation:

This is a form of non-rival service that does not get reduced by consumption by one of the parties. The security guard protects the entire neighbourhood.

Also it is a non-excludable service. If one party does not pay he will still enjoy the service.

Based on their income information and the fact that they are taxed 1%

Jack will pay 0.01 * 4,000 = $40

Jill will pay 0.01 * 8,000 = $80

The total sum is 40 + 80 = $120

As the security guard requires $120 to do the job, their contribution is sufficient.

However the value to Jack is $50 and he pays $40 so he has an excess value of $10

Jill gets a value of $90 but pays $80, so she gets an excess value of $10

6 0
3 years ago
An arrangement in which local businesses team up with schools hiring students to perform jobs that use Knowledge and Skills taug
worty [1.4K]

Answer:

Cooperative Program

Explanation:

Cooperative Program is a type of program that enables people or individual that are into local businesses to join hands or team up with schools by employing or hiring the schools students in which they have teamed up with to carried out jobs or perform jobs that basically make use of the knowledge and the skills of what the students have learnt and have been taught by their teachers in the classroom reason been that this local business believes that this student have the essential knowledge and skill about the job that will enable them to excel and to do better when employed or hired.

5 0
3 years ago
In communication between a sender and a receiver a variety of external factors does not distort messages and their meaning there
konstantin123 [22]
That statement is False.
External factors could very much disrupt the meaning of messages that conveyed within the communication between the sender and the receiver.
For example, When someone had some problems in the workplace, it could make that person unable to communicate properly with his children at home.
5 0
3 years ago
Read 2 more answers
Please answer both questions
mrs_skeptik [129]

Answer:

Question 3: Product based

Question 4: Service based

Explanation:

Hope this helps!!

Have a blessed day/night! <333

8 0
3 years ago
Santo Corporation declares and distributes a cash dividend that is a result of current earnings. How will the receipt of those d
Readme [11.4K]

Answer:

Under the equity method, cash dividends reduce the carrying value of the investment account (asset account), they are not considered income. For e.g.

Journal entry to record investment

Dr Investment in Santo Corporation 100,000

    Cr Cash 100,000

Journal entry to record cash dividend

Dr Cash 5,000

    Cr  Investment in Santo Corporation 5,000

Under the fair value method, cash dividends are considered income, therefore, they increase net income. For e.g.

Journal entry to record investment

Dr Investment in Santo Corporation 100,000

    Cr Cash 100,000

Journal entry to record cash dividend

Dr Cash 5,000

    Cr Dividend income 5,000

8 0
3 years ago
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