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NikAS [45]
3 years ago
5

Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of ans

wer choices Government-mandated nonexchange transactions. Derived tax revenues Imposed nonexchange revenues Voluntary nonexchange transactions.
Business
1 answer:
zepelin [54]3 years ago
6 0

Answer:

B. Imposed Non Exchange Transactions

Explanation:

A non exchange transaction is a form of transaction whereby a party or a group or an individual receives something of value without directly giving value back in exchange. In non exchange transactions, a party gives value to another without directly receiving approximate value in exchanges. Grants, taxes, special assessments, fines and so on are all parts of non exchange transactions. However, taxes and fines are imposed non exchange transactions because they are assessed and not derived from transactions.

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On January 1, 2020, Blue Co. purchased 24,000 shares (a 10% interest) in Elton John Corp. for $1,300,000. At the time, the book
Len [333]

Answer:

$4,465,400

Explanation:

The investment in Elton in 2020                          $1,300,000

share of 2020 net income(10%*$690,000)               <u>$69,000</u>

ending balance of investment in 2020                 $1,369,000

Share of net income 6/30/21 ($480,000*10%)         <u>  $48,000</u>

ending balance of investment 6/30/21                   $1,417,000

Acquisition of investment 7/1/2021                        <u> $2,920,000</u>

Total amount of investment                                     $4,337,000

share of net income 12/31/2021($800,000*30%)       $240,000

Dividends received(48,000+24,000)*$1.55                <u>($111,600)</u>

balance of investment in Elton John Corp                <u> $4,465,400</u>

<u />

In computing the above value,at each point in time the share of Blue Co from net income earned by Elton john corp is added while any dividends received in cash is deducted.

8 0
3 years ago
June Tandy is covered under a SIMPLE IRA at Barker Jones Auction House, where she is employed. This year, no salary deductions o
Bond [772]
The answer should be True
5 0
3 years ago
Read 2 more answers
A company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The
morpeh [17]

Answer:

$19,200 Unfavorable since more material is used.

Explanation:

The company made 4,200 units, so 4,200 yards of material should be used (based on initial plan of using 1 yard per unit), but they actually used 3,960 yards.

Therefore,

Materials quantity variance:

= (Material should be used - Material they actually used) × Plastic actual cost per yard

= (4,200 - 3,960) × $80

= 240 × $80

= $19,200 Unfavorable since more material is used.

6 0
3 years ago
Question 2
JulijaS [17]

The price of coffee is =$4 and price of cake is = $5. so, the budget line is 4c+5k=40 where, c= coffee and k =cake If coffee is placed at x axis the cake on the y axis

a) Joe's budget constraint and draw a clearly labelled diagram to depict this information which is attached in the answer

b)  The equation the budget constraint for Joe for his coffee (C) and

cake (K) consumption. His income is 10, the price of cake is $2 and

the price of coffee is $1.

Income= 1C + 2D

c) On the graph above with cake on the vertical axis and coffee of the

horizontal axis draw the budget line. Hint: figure out where the budget line hits

each axis (so if K is zero what is C, if C is zero what is K), then connect the

points. Label this BL1 on your graph and give the numbers where the budget line hits both axis.

<u></u>

The budget line is 10= 1C + 2K, see above graph for line. Note when K is zero, C is 10.

When C is zero K is 5. This tells us where the budget line hits the two axis.

C). Now the price of coffee goes up to $2, draw a second budget line on the graph

that reflects the price change. Label it BL2. You can use the same graph but make

sure you label your budget lines!

See above graph for line. BL2 is rotated in as only the price of coffee changes. The

budget line hits the K axis at the same spot and the line rotates in because Joe can now

buy less coffee with his $10.

<u>II-Is he better or worse off now?</u>

. Now Joe receives a pay raise and his income is now $15. The price of cake

and coffee is still $2 each. Draw a third budget line to reflect the income raise.

Label this BL3.

BL2 shifts out in a parallel fashion to BL3, see above graph so he is worse off condition.

Learn more about Budget brainly.com/question/15683430

#SPJ9

8 0
1 year ago
Health insurance that provides payments to the insured in the event that the insured's income is interrupted by illness, sicknes
arsen [322]

LIFE INSURANCE.

Health insurance that provides payments to the insured in the event that the insured's income is interrupted by illness, sickness, or accident.

The term has a benefit of bearer being secured due to accidental sickness or death. it has certain obligations where uninterrupted payment of installments is to be done within specified period of time and the insured get the amount at the time of event that are been insured if happens.

Life survivors take care of the beneficiaries, financial event of sickness or emergency and atleast the income will not interrupt and can provide best of all treatments without any payment delays.

To learn more about health insurance here,

brainly.com/question/27356829

#SPJ4

3 0
1 year ago
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