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3 years ago

11

Kew City received a $15,000,000 federal grant to finance the construction of a center for rehabilitation of drug addicts. The pr

oceeds of this grant should be accounted for in the:
A. Trust funds.
B. Capital projects funds.
C. Special revenue funds.
D. General fund.

1 answer:

Art [367]3 years ago

3 0

B. Capital Projects Funds

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An increase in household saving causes consumption to a. fall and aggregate demand to increase. b. rise and aggregate demand to

skad [1K]

Answer: d. fall and aggregate demand to decrease.

Explanation: When household savings increase, the consumption will fall, as the money which should be spent on consumption such as food, clothing and other products will reduce in other to foster household saving. Also, aggregate demand which is used to measure the total amount of demand for goods and services produced in an economy will also decrease as increase in aggregate demand will inadvertently lead to decrease in household saving.

Therefore, increase in savings requires reduction in spending and demand for products.

8 0

3 years ago

Mr. Wiley owns a couple of houses. He lives in the better one. The other house he rents to the Jones family for $20,000 per year

BARSIC [14]

Answer:

20,000

Explanation:

Only rented house is counted as per gdp

4 0

3 years ago

Compute the expected rate of return for Intel common stock, which has a 1.4 beta. The risk-free rate is 3 percent and the mark

Amiraneli [1.4K]

Answer:

The expected return is 17.3%

Explanation:

Capital asset pricing model measure the expected return on an asset or investment. it is used to make decision for addition of specific investment in a well diversified portfolio.

Formula for CAPM

Expected return = Risk free rate + beta ( market return - risk free rate )

Expected return = 3% + 1.4 ( 14% - 3% )

Expected return = 3% + 1.4 ( 11% )

Expected return = 3% + 14.3%

Expected return = 17.3%

8 0

4 years ago

Billy Boi Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent yea

Lena [83]

Answer:

The correct answer is $5,160.

Explanation:

According to the scenario, the given data are as follows:

Estimated OH = $88,480

Estimated direct labor hour = 2,800 labor hour

So, Estimated OH per labor hour = $88,480 ÷ 2,800 = $31.6 / labor hour

Actual OH = $80,160

Actual Direct labor hour = 2,700 labor hour

Now, Applied OH = Estimated OH per labor hour × Actual Direct labor hour

= $31.6 × 2700

= $85,320

Since, Applied OH is Greater than Actual OH, it is underapplied OH.

Underapplied OH = Applied OH - Actual OH

= $85,320 - $80,160

= $5,160.

Hence, the underapplied OH for the year was $5,160.

6 0

4 years ago

PUILPie CIUILE QUSLU11 00

adell [148]

Answer:

The journal entry to record the issuance of new stocks is:

Dr Cash 164,800

Cr Common stock 72,100

Cr Additional paid in capital in excess of par value 92,700

When you issue new stocks, the common stock account increases by par value (= 10,300 stocks x $7). Any money obtained over par value must be recorded under the additional paid in capital account (= 10,300 x $9).

4 0

4 years ago