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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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Post-purchase evaluation as the term implies, is done after the product is purchased and checks how well the product does what it is meant to do.

When Mike asks customers to complete a feedback survey, they will indicate on the survey what they thought of his service such that he would know whether he fulfilled his purpose for the service. This therefore includes the customers in the post-purchase evaluation.

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Answer: Cyclical asymmetry

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In economics, Cyclical asymmetry is defined as

A value that represents a large imbalance in economic factors due to genuine cyclical reactions by a country or market.

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If we assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans because economic conditions are bad.

Since this happens due to the cyclical reaction of the government.

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Answer:

C) formed a valid contract because Rachel's outward expressions showed the formation of a contract.

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A valid contract is a binding and enforceable agreement, where all parties are legally bound to perform the contract.

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In this case, Rachel accepted Julius´s offer to buy her boat, so an offer and acceptance exists.

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Liabilities increase and assets decrease.

Hope this helps!

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