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alukav5142 [94]
3 years ago
6

The City of Crescent Hill operates a central motor pool as an internal service fund for the benefit of the city’s other funds an

d departments. In the current year, this fund billed the Parks Department $30,000 for vehicle rentals. If the Parks Department is a governmental fund, which account should the Parks Department use to record these billings?
Business
1 answer:
Viktor [21]3 years ago
4 0

Answer:

C) Expenditures

Explanation:

The city classifies this central motor pool as an internal service fund (a type of proprietary fund) but this must report its transactions as governmental activities (they are public funds, not private funds). As such, this type of transactions must be reported as expenditures or expense accounts.

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The following information is available regarding John Smith's capital account in Technology Consulting Group, a general partners
bekas [8.4K]

Answer:

32.35%

Explanation:

Calculation for What is Smith's partner return on equity during the year in question

First step is to calculate the Ending partner equity

Ending partner equity = $32,000 + $11,000 - $7,000

Ending partner equity = $36,000

Now let calculate the partner return on equity

Partner return on equity= $11,000 / (($32,000 + $36,000)/2)

Partner return on equity= $11,000/($68,000/2)

Partner return on equity= $11,000/$34,000

Partner return on equity= 32.35%

Therefore Smith's partner return on equity during the year in question will be 32.35%

7 0
3 years ago
The b2b market includes:____.
Nikolay [14]

Manufacturers and governmental organizations are included in the b2b market.

<h3>What does "B2B marketing" mean?</h3>

Marketing to businesses: Business-to-business marketing, as its name suggests, refers to the promotion of goods and services to other corporations and enterprises. It differs significantly from B2C marketing, which is focused on customers, in a number of important ways.

It refers to any marketing tactic or piece of material used by one company to promote to and sell to another company. For instance, B2B marketing is frequently used by businesses that sell goods, services, or SaaS to other businesses or organizations. The LinkedIn B2B brand strategy for Monday.com is a fantastic illustration of B2B marketing.

Business-to-business marketing is referred to as B2B marketing. In contrast to B2C (business-to-consumer) marketing, this type of advertising involves the producer generating demand among other companies and organizations. B2B marketers target groups of customers at ideal accounts rather than single consumers.

To learn more about b2b market, refer to:

brainly.com/question/27247468

#SPJ4

3 0
2 years ago
A group of employees wishes to start a union is that lawful or unlawful explain
tekilochka [14]

Lawful, because you have the freedom of speech in the U.S.

3 0
3 years ago
1. Monroe Company owns 40% of the voting stock of Nartal Industries, acquired at book value. Nartal reports income of $600,000 f
lesya692 [45]

Answer:

A. $230,400

Explanation:

600,000 x 40% = 240,000

260,000 - 156,000 = 104,000 transfers of goods intra-entity at sale price

we divide by the markup to know the cost:

104,000 / 1.3 = 80,000 cost of the goods

gross margin 104,000 - 80,000 = 24,000

we will eliminate 40% of the gross margin

24,000 x 40% = 9,600

This amount will be eliminate from the incoem statemnet:

240,000 - 9,600 = 230,400

7 0
3 years ago
Outdoor Amenities is a manufacturer of backyard and deck furniture. Its products are in high demand, and it carries no inventory
GalinKa [24]

Answer:

COGS = $156800 ; Opereating Expenses = $223500 ; Gross Profit =      $125300

Explanation:

COGS is direct manufacturing/ production expenses on goods produced. Operating Expenses includes all expenses (direct manufacturing & indirect sale expenses). Gross Profit is the excess of Net Sales over COGS

Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses - Closing Stock

= 0+ [Wood purchases +Account Payable (credit purchase)] + [stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + 0

=  57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800

= 156800  

Gross Profit = Net Sales - COGS

= [Sales Revenue + Accounts Receivables] - COGS

= 255000 + 27100 - 156800

= 125300

Opereating Expenses = Direct Expenses + Indirect Expenses

= [Wood purchases +Account Payable (credit purchase)+ stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + [Staff Salaries & Wages + Administrative Rent & Utilities + Marketing Costs]

=  57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800 + 37400 + 12000 + 17300

= 223500

{COGS is direct manufacturing/ production expenses on goods produced} {Opereating Expenses includes all expenses (direct manufacturing & indirect sale expenses)}

{Gross Profit is the excess of Net Sales over COGS

5 0
3 years ago
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