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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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An increased in the nominal GDP 3 times its formal will lead to a proportionate increase in the GDP per person statistics. But I was a noted that there was a 100% increase in population, meaning that population doubled. This indicates that the GDP per person increased but it less than double because of the population doubling in that period of time.

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2 years ago
Ted purchased an annuity today that will pay $1,000 a month for five years. He received his first monthly payment today. Allison
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The correct option is E,Ted's annuity has a higher present value than Allison's

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Both annuities do not have equal amount today as $1000 received today is higher in value terms than $1000 receivable in a month's time since cash receivable earlier is much more valued than the one receivable later.

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