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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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I think false. It is based on supply and demand.
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A manufacturing company has a beginning finished goods inventory of $16,100, raw material purchases of $19,500, cost of goods ma
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Answer:

Cost of goods sold= $32300

Explanation:

The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

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COGS= $16,100 + 35,500 - $19,300= $32300

3 0
3 years ago
Tool Makers, Inc. make garden rakes extremely well and of the best quality in the industry. Their rakes are difficult to copy, a
Naddik [55]

Answer:

competitive advantage.

Explanation:

Competitive advantage -

It refers to the strategy , by which a company is capable to generate the same or similar goods and services , in avery lower price or in a manner , which can not be copied by anyone , is referred to as a competitive advantage .

The strategy makes the company profitable and better than other companies , and have a upper hand over other companies .

And these companies give a tough competition to the other companies , by their goods and services .

Hence , from the given scenario of the question ,

The correct term is competitive advantage .

5 0
4 years ago
Mariann has accessed a video about social security's future via her school's library databases. as she watches the video, she pa
MArishka [77]
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5 0
3 years ago
After all of the account balances have been extended to the Income statement columns of the worksheet, the totals of the debit a
Masja [62]

Answer:

a. $7, 283 net income

Explanation:

The debits in an income statement represents the expenses while the credit entries represent the income. As such, given;

Total debits = $20,303

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Net income/(loss) = $27,586 - $20,303

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Since the total credit (income) is more than the total debit, the net of the two balances result in a net income.

The answer is a. $7, 283 net income.

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