Answer:
A) $0
Explanation:
Seco City will record $0 as special revenue funds during year 1 with respect to the foregoing resources.
The $6,000,000 for acquisition of major capital facilities would be recorded as capital projects fund.
$2,000,000 to create a non-expendable trust would be recorded as private purpose trust fund.
Answer:
$12.49
Explanation:
The computation of the expected current price is shown below:
But before that first we have to determine the current firm value which is
Current firm value = ($86 million ×1.10^1) ÷ 1.11^1 + ($86 million × 1.10^2) ÷ 1.11^2 + {($86 million × 1.10^2 × 1.04) ÷ (0.11 - 0.04)} ÷ 1.11^2
= $1,424.48 million
Now
Expected current share price is
= ($1,424.48 - $275 million + $100 million) ÷ 100 million shares outstanding
= $12.49
Electronic Profiling is your answer. I hope I helped:)
Answer:
The given statement 'In fact,...observable' conveys the idea that <u>it is comparatively convenient and simple to calculate the amount or quantity of goods that are being produced within a firm, territory, or country to determine the economic worth directly</u>. On the other hand, estimating the amount or quantity of goods consumed by the people across a region or country is difficult and can not be observed directly. However, the latter is given more significance and determined more usually through calculating the expenditure made by the consumers depending on their choices and within their income constraints and these are the primary factors that affect the economic growth or development while the production theory lays emphasis on the maximization of profit.
Answer:
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
Cash $13,780
Sales $13,000
Sales taxes $780
Explanation:
In order to prepare the entry to record the sales transactions for Quartz Company we would have to make the following calculation:
According to the given data On April 10, the register totals are sales $22,000 and sales taxes $1,100, hence, cash=$22,000 +$1,100=$23,100
Therefore, the entry to record the sales transactions for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
In April 15 the cash is $13,780, which includes a 6% sales tax, therefore, the sales would be calculated as follows:
sales=$13,780/6%
sales=$13,000
hence, sales taxes=$780
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Cash $13,780
Sales $13,000
Sales taxes $780
