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gladu [14]
3 years ago
7

5. Which of the following is not true regarding proprietary funds? A) Enterprise funds are used by governments to account for se

rvices provided to the general public on a user-charge basis. B) General obligation bonds that will be paid from enterprise revenues must be reflected in the accounts of enterprise funds. C) Internal service
Business
1 answer:
Tanzania [10]3 years ago
6 0

Answer:

The correct answer is D) The operation of internal service funds has no impact on other funds because it is run as a business and provides services that would have been purchased elsewhere by the other funds.

Explanation:

This is false because the operation of these funds represent a direct impact on other funds in the portfolio because they are related within the same business scheme and therefore transfer transactions (purchase and sale) of services corresponding to other portfolios or funds with guarantees and expectations of growth in the short term.

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g 3) You are interested in purchasing an apartment complex for $2,000,000 that has Net Operating Income (NOI) of $120,000 and is
Paraphin [41]

Answer:

the cap rate is 6%

Explanation:

The computation of the cap rate is as follows:

= Net operating Income ÷ Current market value of property

= $120,000 ÷  $2,000,000

= .06

=  6%

Hence, the cap rate is 6%

We simply divided the net operating income from the Current market value of property so that the cap rate could come

4 0
2 years ago
An example of an industry especially vulnerable to efforts to protect the environment is the _____ industry.
ANEK [815]
<span>An example of an industry especially vulnerable to efforts to protect the environment is the "asbestos removal" industry.
</span>
The Asbestos Removal Contractors Association, which is abbreviated as ARCA, it was established in 1980 and is an asbestos expulsion exchange relationship for the UK industry. It represents the interests of UK asbestos removal or evacuation temporary workers and the different related asbestos organizations all through the nation.
7 0
3 years ago
"People who fight fire with fire usually end up with ashes," is a popular saying that can relate to upset customers.
Ede4ka [16]

Answer:

This popular saying applied to an organizational environment, can refer to upset customers in the sense that if your customers make any complaints or complaints about your products and services, you, as a professional representing the company, must be well prepared and trained to deal with this adverse situation in a way that is not a "person who fights fire with fire and ends up with ashes", that is, you must be well prepared to respond to the customer's problem in a friendly, fast way and that brings solutions that do it. return, and not in a way where the customer feels that their complaint has not been resolved well and will not do business with the company again.

5 0
3 years ago
Costco is an example of _______ warehouse. Group of answer choices Hub and spoke system Assortment Spot stock Break bulk
Ivanshal [37]

Answer:

Hub and spoke system

Explanation:

Costco Wholesale Corporation is a company that operates in the warehouse industry. They store merchandise at a lower cost than other wholesale or retail sources.

They aim to reduce warehousing cost for small and medium scale businesses.

In the hub and spoke system each component of the warehousing system are independent and contribute to the central warehousing activity.

It is also called the master feeder structure.

Freight traffic is moved to the central hub through spokes that are arranged around the centre like a wheel.

This system reduces the travel time and therefore is more efficient with lower cost

4 0
3 years ago
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
Mama L [17]

Answer:

Please see answers below

Explanation:

1. Prepare an income statement for the year ended, December 31, 2021

Fightin' Blue Hems Corporation, Income statement for the year ended, December 31, 2021.

Details

$

Service revenue

500,000

Salaries expense

400,000)

Rent expense

20,000)

Depreciation expense

40,000)

Interest expense

5,000)

Earnings for the year

35,000

2. Prepare a statement of stockholder's equity for the year ended, 31, December, 2021

Fightin' Blue Hens Corporation statement of stockholder equity for the year ended , December 31, 2021.

Details

$

Common stock

300,000

Retained earnings

60,000

Earnings for the year

35,000

Stockholder equity

395,000

3. Prepare a classified balance sheet as at 31, December

Fightin' Blue Hens Corporation, classified balance sheet for the hear ends, December 31, 2021.

Details

$

Fixed assets

Equipment

400,000

Accumulated depreciation

135,000

Net fixed assets

265,000

Current assets

Cash

12,000

Accounts receivables

150,000

Prepaid rent

6,000

Supplies

30,000

Total current assets

198,000

Current liabilities

Accounts payable

($12,000)

Salaries payable

(11,000)

Interest payable

(5,000)

Working capital

170,000

Long term liabilities

Notes payable (due in two years)

(40,000)

Net total assets

395,000

Financed by;

Common stock

300,000

Retained earnings

60,000

Earnings for the year

35,000

Stockholder equity

395,000

4 0
3 years ago
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