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Dmitry [639]
3 years ago
12

The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It the

n bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000. It then sends a bill to the Library Special Revenue Fund for $4,000, representing the library's share of the bill. Which entry should the General Fund make when it sends the bill to the Library Special Revenue Fund?
Business
1 answer:
UNO [17]3 years ago
8 0

Options:

a. expenditures - utilities

b. due from library special revenue fund

c. transfer out to library special revenue fund

d. due to library special revenue fund

Answer:

Correct answer is A

Explanation:

The entry that the General Fund make when it sends the bill to the Library Special Revenue Fund should be expenditures - utilities .

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The adjusted trial balance of Sheri dan Company at December 31, 2022, includes the following accounts: Owner's Capital $16,000,
jonny [76]

Proof of income statement.

Revenue    

Service revenue   38300

Expense    

Salaries and wages expense 15700  

Insurance Expense 2300  

Rent Expense  4600  

Supplies expense 1200  

Depreciation Expense  1400  

Total expense   25200

Net income   13100

Sales are the sum of the revenue generated from the sale of goods or services related to the company's main activities. Income, also known as gross income, is often referred to as the "top line" because it is at the top of the income statement. Income or net income is the total profit or profit of the business.

Learn more about Revenue at

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7 0
2 years ago
Use the following information for Problems 35 through 40 A potential investor is seeking to invest $1,000,000 in a venture, whic
vodka [1.7K]

Answer:

0.3797 or 37.97%

Explanation:

According to the scenario, computation of the given data are as follow:-

Wants Rate on return on investment = 50%

Expected value of return on investment = invested amount × (1+g)^t

= $1,000,000 × (1+50%)^5

= $1,000,000 × 7.59375

= $7,593,750

Similar venture would achieve valuation of $20,000,000 for $2,000,000. We can expect that company would achieve similar valuation of $20,000,000 in 5 years from now.

Investor’s share value at 5 years = $7,593,750 ÷ $20,000,000

= 0.3797 or 37.97%

4 0
4 years ago
Sort the examples below into the appropriate bin. Think about which factors could lead to more toxic substances being released i
Zielflug [23.3K]

Answer:

1. Causes: commercial production of many chemicals massive use of chemicals in food, agriculture, medicine, and industry

2. Consequences: increase in reproductive disorders contamination of soil, air, and water bioaccumulation and biomagnification of toxins in the food chain.

3. Solutions: consumer choice of low-toxicity products stricter regulations requiring that consumer products be thoroughly tested before being released to market.

Explanation:

This factors could lead to more toxic substances being released into the environment (causes), the consequences that result from toxic substances in the environment, and possible solutions to save environmental degradation.

8 0
3 years ago
I If you were to advise DreamWorks Classics
motikmotik

<em><u>If I had any advice for DreamWorks Classics, it would be to insist on adopting the 'organic' approach for internationalising Postman Pat.</u></em>

Explanation to the following is as follows;

Postman Pat chronicles the exploits of Pat Clifton, a postal worker for the Royal Mail in the imaginary community of Greendale. This product image is firmly ingrained in British habits and culture; therefore, it is unlikely that Postman Pat would have succeeded if they had followed the ‘born global' path when launching this cartoon.

6 0
3 years ago
Why is it so difficult to correctly identify a new product or process as emerging technology?
Finger [1]

Answer:

Technology is defined by how people use scientific knowledge, and not only does scientific knowledge constantly change, but the way we use it is also constantly changing.

Emerging technologies refers to a new technology or technological innovations. The problem is that what can be considered new and how fast will it become obsolete? Our world is changing so fast, that current technology will be obsolete in just a few months, or maybe a year from now.

Because new technologies become old too fast, it is very difficult to identify them before they are no longer an innovation. Only those technologies that become mainstream can be clearly identified as emerging technologies, e.g. the iPhone was considered an emerging technology in 2007 and even though the first iPhone is obsolete now, it became mainstream technology.

5 0
3 years ago
Read 2 more answers
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