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stich3 [128]
3 years ago
13

Activities of a central motor pool that provides and services vehicles for the use of municipal employees on official business s

hould be accounted for in a. General Fund. b. Enterprise Fund. c. Internal Service Fund. d. Special Revenue Fund.
Business
1 answer:
Neko [114]3 years ago
4 0

Answer:

c. Internal Service Fund

Explanation:

Internal Service Fund -

It refers to the sum of amount required to track the motion of any goods and services from one department to another , is referred to as internal service fund .

The amount spend on the internal service fund is used to determine the complete cost of providing the services and goods .

For example , maintenance is an example of the internal service fund .

Hence , from the given information of the question ,

The correct answer is c. Internal Service Fund .

You might be interested in
Fama’s Llamas has a WACC of 9.7 percent. The company’s cost of equity is 12 percent, and its pretax cost of debt is 7.5 percent.
Bezzdna [24]

Answer:

0.4766

Explanation:

Given:

WACC = 9.7%

Company’s cost of equity = 12%

Pretax cost of debt = 7.5%

Tax rate = 35%

Now,

WACC

=  Weight × Cost of equity + (1 - weight) × Pretax cost of debt × (1-tax rate)

or

0.097 = weight × 0.12 + ( 1 - weight ) × 0.075 × (1 - 0.35)

or

0.097 = 0.12 × weight + 0.04875 - 0.04875 × weight

or

0.04825 = 0.07125 × weight

or

weight = 0.6772

also,

weight = \frac{\textup{Equity}}{\textup{Debt + Equity}}

or

\frac{\textup{1}}{\textup{weight}}  = \frac{\textup{Debt+equity}}{\textup{Equity}}

or

\frac{1}{0.6772} = \frac{\textup{Debt}}{\textup{Equity}}  + 1

or

1.4766 = \frac{\textup{Debt}}{\textup{Equity}}  + 1

or

\frac{\textup{Debt}}{\textup{Equity}}  = 0.4766

5 0
3 years ago
A common stock pays an annual dividend per share of $2.10. The market capitalization rate (required return on equity) is 10.0%.
Inessa05 [86]

Answer:

the  value of the stock is $21

Explanation:

The computation of the value of the stock is given below:

= Annual dividend per share ÷ required rate of return

= $2.10 ÷ 10%

= $21

Hence, the  value of the stock is $21

We simply divided the annual dividend from the required rate of return so that the value of the stock could come

3 0
3 years ago
Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows:
Xelga [282]

Answer:

Equinox Products Inc. during the fiscal year ended December 31, 20Y8

Journal Entries:

Jan 3.

Debit Cash Account $450,000

Credit Common Stock $300,000

Credit Additional Paid-in Capital: Common Stock $150,000

To record the issue of 15,000 shares of $20 par at $30 per share.

Feb. 15

Debit Cash Account $400,000

Credit Preferred 5% Stock $320,000

Credit Additional Paid-in Capital: Preferred Stock $80,000

To record the issue of 4,000 shares of $80 par at $100 per share.

May 1:

Debit Cash $520,000

Credit 5% 10-year Bonds $500,000

Credit Bond Premium $20,000

To record the issue of $500,000 at 104, with interest payable semiannually.

May 16:

Debit Dividends: Common Stock $50,000

Debit Dividends: Preferred Stock $20,000

Credit Dividends Payable $70,000

To record the declaration of a quarterly dividend of $0.50 per share on 100,000 common stock shares and $1.00 per share on 20,000 preferred stock shares.

May 26:

Debit Dividends Payable $70,000

Credit Cash Account $70,000

To record the payment of cash dividends.

Jun. 8:

Debit Treasury Stock $160,000

Debit Additional Paid-in Capital: Common Stock $104,000

To record the repurchase of shares at $33 per share.

June 30:

Debit Dividends: Preferred Stock $20,000

Credit Dividends Payable $20,000

To record the declaration of a quarterly dividend of $1.00 per share on 20,000 preferred stock shares.

Jul. 11:

Debit Dividends Payable $20,000

Credit Cash Account $20,000

To record the payment of cash dividends.

Oct. 7:

Debit Cash Account $98,800

Credit Treasury Common Stock $52,000

Credit Additional Paid-in Capital: Common Stock $46,800

To record the reissue of 2,600 shares of treasury common stock at $38.

Oct. 31:

Debit Bonds Interest $12,500

Credit Cash Account $12,500

To record the payment of semiannual interest on the bonds.

Debit Bond Premium $1,000

Credit Bond Premium Amortization $1,000

To record the amortization of the premium for six months using the straight-line method.

Explanation:

a) Common Stock issued at $30 with $20 par value means that the shares were issued at above par value.  The difference is accounted for in a separate account called Additional Paid-in Capital.  The same applies to the preferred stock issued at above par value.

b) The face value of the Bonds is $500,000 but issued at a premium.  The total premium is $20,000 ($500,000 x 0.04).

c) Dividends on the Common Stock = $0.50 * 100,000 shares = $50,000.  The preferred stock dividends = $1.00 * 20,000 = $20,000.

d) Treasury Stock represents the value of common stock repurchased or reissued from stockholders by the company.  There are two methods to treat the above or below par value at which the shares are repurchased or issued.  One method is the costing method where the above or below par value is not taken to a separate account, but everything is treated in the Treasury Stock account.  The other method is the par value method.  This treats the above or below par value in the Additional Paid-in Capital account.  This is the method adopted here.  Note that Treasury Stock is a contra account to the Common Stock.

e) Bond Premium Amortization (straight-line method) is calculated as follows: $20,000/10 *6/12 = $1,000 for six months.  A Premium on Bonds arises when the bonds are trading at above the face value.  The amortization of Bond Premium is the write-down of the excess premium paid or received over and above the face value of the Bond.  In this case, we used the straight-line method.

6 0
3 years ago
If Procter & Gamble, the maker of Dawn dishwashing liquid, wants to know what percentage of customers examine product labels
andrew-mc [135]

Answer:

c. Observation.

Explanation:

If a company wants to gather information about it customer's decision making criteria, the best method is Observation. It allows researchers to gather large data in natural situations.

Focus group will only give analysis of selected group. This is usually beneficial before the launch of a product.

Emails and Mails survey have drawbacks like customers may ignore, might not receive mails, doesn't respond on time.

Personal interviews can be time consuming and customer might not be comfortable about explaining their product selection criteria.

5 0
3 years ago
A company budgeted sales of its single product to be 60,000 units in April, 75,000 units in May, and 70,000 units in June. The c
ExtremeBDS [4]

Explanation:

hope I'll help you mark me as brainliest

6 0
2 years ago
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