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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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Help Please NO FAKE ANSWERS PLEASE I REALLY NEED HELP (economics)

soldier1979 [14.2K]

If your a busy small business owner, taking time away from your store makes you less efficient. The trade offs for using this premium service are 1. your spending more money 2. control over quality. Vise versa if your paying more for the “best groceries” then that may not be an issue. Also be aware that another issue is stocking, going to the store yourself does not guarantee that the store will have all items in stock when you go. 3. Time, taking time to grocery shop takes away from your business or the cost of an employee to watch the business or do the shopping for you having you rely on a third party’s judgment. 4. Gas, the cost of gasoline to go to and from the store. If all these are added up then you are essentially paying more for your “in person” groceries as it is. Choosing to grocery shop yourself saves you money (although how much? Once everything is taken into account?) but again the time it takes away is significant. For a busy small business owner time is extremely important and this is why the trade off of cost or added expenses for groceries may be worth it. (I hope this helps guide you in answering this question).

3 0

3 years ago

Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Mater

Delvig [45]

Answer:

Zoe Company

a) Statement of Cost of Goods Manufactured:

Direct materials cost $90,000

Direct labor 25,000

Factory overhead 37,000

Work in process, March 1 22,000

Work in process, March 31 (23,500)

Cost of goods manufactured $150,500

b) Income Statement for the month ended March 31:

Sales $257,000

Finished goods inventory, March 1 $21,000

Cost of goods manufactured 150,500

Finished goods inventory, March 31 (30,000)

Cost of goods sold $141,500

Gross profit $115,500

Sales and administrative expenses 79,000

Net Income $36,500

c) Inventory Section of the Balance Sheet as of March 31:

Current Assets:

Inventory:

Materials inventory, March 31 $8,000

Work in process, March 31 23,500

Finished goods inventory, March 31 30,000

Total inventory $61,500

Explanation:

a) Data and Calculations:

Purchases $92,000

Materials inventory, March 1 6,000

Materials inventory, March 31 8,000

Direct labor 25,000

Factory overhead 37,000

Work in process, March 1 22,000

Work in process, March 31 23,500

Finished goods inventory, March 1 21,000

Finished goods inventory, March 31 30,000

Sales 257,000

Sales and administrative expenses 79,000

b) Materials inventory, March 1 $6,000

Purchases 92,000

Materials inventory, March 31 8,000

Direct materials cost $90,000

4 0

3 years ago

Two investment opportunities are as follows:________. Alt A Alt B First Cost 200 100 Uniform annual benefit 32 27 End of useful

Talja [164]

Answer:

Since the 4.34 NPV of Alt A is greater than the 2.35 NPV of Alt B, it therefore implies that Alt A should be selected.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:

Alt A Alt B

First Cost 200 100

Uniform annual benefit 32 27

End of useful life salvage value 20 0

Useful life, in years 10 5

The explanation to the answer is now given as follows:

a. Calculation of NPV of Alt A

First Cost = 200

PV of uniform annual benefit = P * ((1 - (1 / (1 + r))^n) / r) ……………………. (2)

Where;

P = uniform annual benefit = 32

r = MACC = 10%, or 0.10

n = number of useful years = 10

Note: The formula for calculating the present value of ordinary annuity is being used here to calculate the Present Value (PV) of uniform annual benefit.

Substitute the values into equation (1) to have:

PV of uniform annual benefit = 32 * ((1 - (1 / (1 + 0.10))^10) / 0.10) = 32 * 6.14456710570468 = 196.63

PV of Salvage value = FV / (1 + r)^n ..................... (2)

Where;

FV = End of useful life salvage value = 20

r = MACC = 10%, or 0.10

n = number of useful years = 10

Note: The normal formula for calculating the present value (PV) is being used here to calculate the PV of Salvage value

Substitute the values into equation (2) to have:

PV of Salvage value = 20 / (1 + 0.10)^10 = 20 / 2.5937424601 = 7.71

Net present value (NPV) of Alt .A = PV of uniform annual benefit + PV of Salvage value - First cost = 196.63 + 7.71 - 200 = 4.34

b. Calculation of NPV of Alt B

First Cost = 100

PV of uniform annual benefit = P * ((1 - (1 / (1 + r))^n) / r) ……………………. (3)

Where;

P = uniform annual benefit = 27

r = MACC = 10%, or 0.10

n = number of useful years = 5

Note: The formula for calculating the present value of ordinary annuity is also being used here to calculate the Present Value (PV) of uniform annual benefit.

Substitute the values into equation (3) to have:

PV of uniform annual benefit = 27 * ((1 - (1 / (1 + 0.10))^5) / 0.10) = 27 * 3.79078676940845 = 102.35

NPV of Alt B = PV of uniform annual benefit - First cost = 102.35 – 100 = 2.35

c. Decision

Since the 4.34 NPV of Alt A is greater than the 2.35 NPV of Alt B, it therefore implies that Alt A should be selected.

6 0

3 years ago

JKL has 3 million shares of common stock outstanding and 80,000 bonds outstanding. The bonds pay semi-annual coupons at an annua

mylen [45]

Answer:

54.48%

Explanation:

The computation of the weight of equity is given below;

But before that we need to do the following calculations

Total Equity

= 3 million shares × $30

= $90 million

The Value of Debt,

Total Debt = 80,000 (1,000)(0.94)

= $75.2 million

Now the weight of equity is

= $90 million ÷ ($90 million + $75.2 million)

= 54.48%

8 0

3 years ago

An account that will have a zero balance after closing entries have been journalized and posted is

nataly862011 [7]

Answer:

An account with a zero balance after closing entries have been journalized and posted is an account in good standing.

8 0

3 years ago