Answer:
Revenues that are legally restricted for expenditure on specified operating purposes should be accounted for in special revenue funds including
- Pension trust fund revenues
- Endowment where the investment earnings are to be used for public purposes.
- Accumulation of resources for payment of general long-term debt principal and interest.
Explanation:
There are two main reasons for restricting funds legally. It is either for use to accomplish a specific program or to be appropriated at a time in the future.
Pensions are designated to be paid out to the recipients in the future. To achieve these, a certain percentage of their earnings is legally restricted and accounted for in Pension Trust Fund revenues.
Endowment funds is predominant in NGOs where the investment earnings are to be used for public purposes.
Relevant financial institutions can work mutually with a company to accumulate resources for payment of general long-term debt principal and interest.
Answer:
A. $660
Explanation:
Total assets include current assets, fixed assets, and intangible assets Current assets include cash, stock, receivable account, etc. Fixed assets include plant & machinery, land, equipment, furniture & equipment, etc.
And the intangible assets are trademarks, copyrights, goodwill, and so$66 on.
The computation is shown below:
= Total assets - fixed assets
= $1,450 - $790
= $660
Answer: B) False
Explanation: Management by objectives (MBO) is a type management which it's main goal is to improve the performance of an organization by means of stating the objectives which of the organisation and is usually agreed on by both the management and the employees. In the case above some objective have being put in place by Candice using MBO method, which she later discovered that some department are not complying with. This would affect the results of the MBO program she introduced, for an MBO to yield improve results it needs full cooperation from employees.
<span>spending will increase:
consumption by $80 billion.</span>
