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Andreyy89
3 years ago
11

Under the modified accrual basis of accounting used by the General Fund, financial resources are considered available if the rev

enue or other financing source is expected to be collected
A. Within 60 days after year-end.

B. Within 90 days after year-end.

C. During the current fiscal period.

D. During the current fiscal period or a reasonable time after year-end defined by each individual government.
Business
1 answer:
patriot [66]3 years ago
6 0

Answer:

D. During the current fiscal period or a reasonable time after year-end defined by each individual government.

Explanation:

Modified accrual basis makes use of the accrual and cash basis of accounting.

It is used to monitor flow of funds in government finance books.

The resource recognition is done as defined by the government within the fiscal year or after.

Estimation of cash flow is done as soon as funds is available to fund government expenditure.

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A chemical company spent $ 530 comma 000 to produce 150 comma 000 gallons of a chemical that can be sold for $ 5.00 per gallon.
solmaris [256]

Answer:

If the company decides to process it further, it will increase operating income $68,000

Explanation:

Selling the chemical on processing,

the Sales will be = Gallons of chemical produce × Selling price per gallon

                            = 150,000 × $5

                            = $750,000

Cost of Processing the chemical = $530,000

Operating Income on selling the chemical:

= Sales -  Cost of Processing the chemical

= $750,000 - $530,000

= $220,000

Total cost incurred to process the chemical into a weed killer:

=  Cost of Processing the chemical +

= $532000 + $260,000

= $792,000

Sales of 150,000 gallons of weed killer:

= Selling price per gallon × Chemical produce

= $7.20 × 150,000 gallons

= $1,080,000

Operating income on processing to weed killer:

= Sales of 150,000 gallons of weed killer - Total cost incurred to process the chemical into a weed killer

= $1,080,000  - $792,000

= $288,000

So, If the company decides to process it further, it will increase operating income by:

= Operating income on processing to weed killer - Operating Income on selling the chemical

= $288,000 - $220,000

= $68,000

5 0
3 years ago
Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $16.00
lara [203]

Answer:

$164,210 decrease

Explanation:

Calculation to determine what would be the amount of differential cost increase or decrease from making the part rather than purchasing it

Differential cost increase or decrease=(32,842 * 16)- (32,842 * 11)=

Differential cost increase or decrease=$525,472-$361,262

Differential cost increase or decrease=$164,210 decrease

Therefore what would be the amount of differential cost increase or decrease from making the part rather than purchasing it is $164,210 decrease

6 0
3 years ago
Where do you typically earn an Associate of Arts degree?
ElenaW [278]

Most likely a two year college, so a local community college nearby is a good option. It's also a lot cheaper than a traditional university.

3 0
2 years ago
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Over a period of several decades, coffee consumption declined from 75% of the adult population in 1962 to 49% in 2004. then, it
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<span>A good orientation would have explored the changes in these usage trends. By doing this, they could have figured out how to best market to these customers and maximize their profits. Even though there were drops in consumption, understanding and targeting those who still did consume would have borne the most success for those companies that undertook these steps.</span>
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2 years ago
The placement of an employee in another job for which the duties, responsibilities, status, and remuneration are approximately e
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