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ziro4ka [17]
3 years ago
5

Clinton County maintains an investment trust fund for the investments of governments within its borders. All the investments had

determinable fair values. Which of the following is true regarding investment trust funds and investments in general? Group of answer choices Clinton County would report the investments of the other governments at fair value in the investment trust funds. Clinton County would report its own investments at fair value in the investment trust funds. Both of these answers are correct. Neither of these answers are correct.
Business
1 answer:
faltersainse [42]3 years ago
6 0

Answer:

Clinton County would report the investments of the other governments at fair value in the investment trust funds.

Explanation:

An <u>investment trust fund is set up to maintain and control assets</u> and is usually controlled and managed by a neutral trustee.

The neutral trustee holds and manages assets on behalf of a beneficiary.

Clinton Country <u>is the trustee in this case and would therefore, report investment of other governments and </u><u>not its own investments</u><u> at fair value</u>.

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Variable Cost per Unit is $ 11.13+ $ 7.29 = $18.42

Part b. What are the total costs for the year?

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Calculation of Total Production = Variable costs + Fixed Costs

                                                       = 190000 units × $18.42 + $875,000

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Total Sales Revenue = Total Production Costs

Total Sales Revenue = $44.99 × 190000

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Total Sales Revenue $ 8,548,100 > Total Production Costs $ 4,374,800

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Total Production Costs = $4,374,800+$435000

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Variable Cost are costs which Vary with the level of Activity.

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Part c. If the selling price is $44.99 per unit, does the company break even on a cash basis?

Break-Even Point is the Point when the company neither makes a profit or a loss

Total Sales Revenue $ 8,548,100 > Total Production Costs $ 4,374,800

Therefore Company does break even on a cash basis

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