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Mariulka [41]
3 years ago
12

Revenues that are legally restricted for expenditure on specified operating purposes should be accounted for in special revenue

funds, including Multiple Choice Pension trust fund revenues. Gasoline taxes to finance road repairs. 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.
Business
1 answer:
love history [14]3 years ago
7 0

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.

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Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for CDs must be
Bas_tet [7]

Answer:

S1

Explanation:

Law of Supply, is the law which states or claims that all else being constant or equal, then the quantity supplied of the good increases when the price of the goods also increases.

Ans this states the positive relationship among the price and the quantity, thus an upward sloping curve. Therefore, it is the curve (supply curve), which is more likely for the CDs.

This curve shows the relationship among the amount that the sellers willing to and able to supply and the price of the CDs, which is called as the quantity of CDs supplied.

3 0
3 years ago
Majid Corporation sells a product for $195 per unit. The product's current sales are 42,300 units and its break-even sales are 3
evablogger [386]

Answer:

$1,389,375

Explanation:

Data provided as per the question:-

Product per unit = $195

Current sales = 42,300 units

Break-even sales = 35,175 units

The computation of margin of safety in dollars is shown below:-

Margin of safety (in units) = Total sales - Break-even sales

= 42,300 - 35,175

=7,125 units

Margin of safety (in dollars) = Margin of safety × Product per unit

=(7,125 × $195)

= $1,389,375

5 0
3 years ago
Which of the following group is not normally interested in the financial information about a business?
Blababa [14]

Answer:

The correct option is a. Debtors

Explanation:

In this question, we categorized the internal and external users or a group who are interested in the financial information about a business.

Internal users are those users who work in an entity which includes employees, owners, managers

Where, external users are those users who are outside the entity that includes suppliers, lenders, creditors, government agencies, bank,general public,etc.

These users are interested to interpret the financial leverage of the company.

By going through the meaning we get to know that the debtors are not normally interested in the financial information about a business.

Hence, the correct option is a. Debtors.

8 0
2 years ago
As supervisors and managers, should one be limited to how one writes by an arbitrary style manual?
andreyandreev [35.5K]

Answer:

As supervisors and managers its not necessary that you should be limited to or  write by an arbitrary style manual.

Explanation: As supervisors and managers its not necessary that you should be limited to or write by an arbitrary style manual. as a supervisor or manager, you are not limited to arbitary style of manual writing, As generally there is no standard of writing Manual. As the only known or recognizable form is a styl guide and this Varies in each and every organizations.

7 0
3 years ago
Free trade proponents and protectionists have drastically different views regarding trade. Which side of the debate do you side
zvonat [6]

Answer:

Protectionist.

Explanation:

Proponents of protectionist argue that allowing free trade will kill local industries and also make the country for dumping ground for cheaper foreign made goods.

They suggested imposition of heavy tariffs so as to protect local industries. Protecting local industries will create jobs for the unemployed thereby making them relevant to the society.

By imposing high tariffs, foreign companies producing those goods would pass the burden to final consumers in form of high prices hence discourage consumers from buying them. Few of those goods will then enter the country due to the heavy duty and low patronage.

Imposition of heavy tariffs will also generate more revenue for the government which will be used to financed basic infrastructures like housing, sewage system, electricity, etc.

Although proponents of free trade are of the opinion that there should be no restriction to trading among countries. They also suggested the removal of high tariffs from goods exported from other country.

The above seems good, yet the consequences outweigh the gain therein. For instance, removal of duty or tariff would result in revenue loss for the government hence unable to finance basic infrastructures. The country will also become dumping ground for imported goods because they will sold at lower price due to it's poor quality.

6 0
2 years ago
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