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Nastasia [14]
3 years ago
15

A state constructs an office building. The construction is financed with: (1) a transfer of $1 million from the General Fund; (2

) a grant of $2 million from the federal government; (3) bond proceeds of $7 million; and (4) earnings of $100,000 from temporary investment of bond proceeds. All transactions occur in one year. How much should be reported as Other financing sources in the Capital Projects Fund?
Business
1 answer:
Zolol [24]3 years ago
4 0

Answer:

$8 million

Explanation:

There are total 4 sources involved.

But the government grants are reduced from the cost of the the project. It is not recorded as other financing sources.

Also the earnings from bond proceeds shall not be considered for the other financing sources, as that is mere use of income.

Use of general fund in these capital projects will account for such other financing sources.

Cash received from issue of bonds for this project will also account for such capital fund.

Thus, total other financing sources = $1 million + $7 million = $8 million

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The agent of Lisa would likely tell her about the process and the rules in regards of the disability buy and sell insurance. The agent would likely explain that if she acquired this type, the insured person would likely be protected when the person has exhibit a disability and that having this type of insurance have benefits and are likely to be tax free.  
8 0
3 years ago
Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/boo
tino4ka555 [31]

Answer:

C. 1.34

Explanation:

Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/book ratio?

To calculate the ratio:

stock price at the end of last year was $33.50 divided by value per share of $25.00

= 33.50/25.0

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6 0
3 years ago
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6
Vesna [10]

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

6 0
3 years ago
Internal business partnerships between supply and other functional areas such as marketing/sales, finance/accounting, and engine
podryga [215]

Answer:

a. desirable because of the interdependencies between and among functions.

Explanation:

Workflow management systems can be defined as a strategic software application or program designed to avail companies the infrastructure to setup, define, create and manage the performance or execution of series of sequential tasks, as well as respond to workflow participants.

Some of the international bodies that establish standards used in workflow management are;

1. World Wide Web Consortium.

2. Workflow Management Coalition.

3. Organization for the Advancement of Structured Information Standards (OASIS).

Workflow management systems enhances the automation and management of various business processes, as well as create partnership between different units through the business process.

Hence, internal business partnerships between supply and other functional areas such as marketing/sales, finance/accounting, and engineering are desirable because of the interdependencies between and among functions.

6 0
3 years ago
Last year, a small nation with abundant forests cut down $200 worth of trees. $100 worth of trees was then turned into $150 wort
borishaifa [10]

Answer:

$400

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Inventory grew by (200 - 100) $100

$50 of value was created

total gdp = $100 + $250 + 50 = $400

4 0
3 years ago
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