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anzhelika [568]
3 years ago
11

Governmental financial reporting should provide information to assist users in which situation?

Business
1 answer:
trasher [3.6K]3 years ago
6 0

Answer: making economic, social, and political decisions and also

assessing whether current-year citizens received services but if part of the payment burden was shifted part to future-year citizens.

Explanation:

Government Financial reporting should assist in fulfilling the government's duty of being publicly accountable. When there's a report of government's finances, citizens will be able to see the way money are spent and received in the country.

It also helps in the provision of information in order to help users assess the service efforts and make political, economic, and social decisions.

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Peter was in the market for a new boat to use at his lake house. He attends the local boat show with his neighbor Sean. He sees
liq [111]

Answer:

As the salesperson person gave the offer to Peter which he was not sure about, Peter said that he will come back in an hour but Peter didn't came instead his neighbour Sean came and asked salesperson to buy that boat on the price he told to person to according to the rule of offer this offer was made to Peter not Sean. If Peter would have accepted it then salesperson and Peter would be in contract but in this case now the offeror is Sean and Offeree if salesperson so it is up to him to accept the offer. Until the salesperson does not accept the offer then contract has not been form. If the salesperson accepts the offer of 35,750  then the contract will be formed.

3 0
3 years ago
It has been observed in the aircraft industry that, each time cumulative output of airframes was doubled, unit costs typically d
horsena [70]

Answer:

the experience curve

Explanation:

The experience curve refers to a company having lower production costs due to increasing experience of the manufacturing process.

This concept applies to most activities in life, do you remember "practice makes perfect", well practice is equal to experience. For example the first time you drove a car, it probably took you a long time to go from your point of origin to your destination. Your driving inexperience increased the costs of driving from one place to another (more time and fuel spent). But after a while, when driving was something normal you are able to drive the same distance at a lower cost (less time and fuel).

Imagine for a car company that is trying out a new model. The first units are usually assembled with several flaws that must be corrected and are used to research possible design or equipment flaws. Those failures are corrected as the workers acquire more experience.

3 0
3 years ago
White Corporation’s budget calls for the following sales for next year: Quarter 1 95,000 units Quarter 3 67,000 units Quarter 2
asambeis [7]

Answer: & Explanation:

Production Budget q2

- Q2

sales 67,000

ending policy 4,050 (5% of Q3)

Beginning 3,350 (5% of current quarter)

Production 67,700 (sales + ending - beginning)

Raw materials Budget q2

Production Needs 338,500 (Units x 5)

ending policy 81,850 (20% of production q3)

Beginning 67,700 (20% of q2 production needs)

Purchase 352,650 (needs + desired ending - beginning)

3 0
3 years ago
Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Natasha2012 [34]

Answer: I hate Trump and would make him eat tortilla chip vertically :/

Explanation:

3 0
3 years ago
he following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance
vekshin1

Answer:

                                              Creative Design Co.

                                               Bank Reconciliation

                                                 August 31, 20Y6

Cash balance according to Bank Statement                                   $30,270

Add: Deposit in transit, not recorded by bank                            <u>    $4,690</u>

                                                                                                          $34,960

Less: Outstanding checks                                                           <u>     ($5,850)</u>

Adjusted Balance                                                                             $29,110

Cash balance according to Company's records                             $28,800

Add: Error in recording check (840 - 480)                              <u>          $360    </u>

                                                                                                           $29,160

Less: Bank service costs                                                                 <u>   ($50)     </u>

Adjusted balance                                                                              $29,110

6 0
3 years ago
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