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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 company had the following cash flows for the year:
BaLLatris [955]

Answer:

$35,000 (inflow)

Explanation:

Net investing cash flows is computed as follows;

Inflow:

Issued common stock $75,000

Sold equipment 40,000

Total $115,000

Less: outflow

Purchased land $60,000

Paid dividends 20,000

Total outflow $80,000

——————

Net investing cash flows $35,000

*positive cash flows (inflow is greater than outflow) will increase the amount cash of the company

*proceeds from the bank classified as financing activity

*paid employees and sold services to customers are fall under operating activities

3 0
3 years ago
Rankings as well as word of mouth from satisfied customers drive additional sales for automotive companies. However, because thi
Novay_Z [31]

Answer:

a. sales orientation

Explanation:

The sales orientation is a business model that focused to make the best product and the services without knowing the customer needs and wants

Therefore as per the given situation, it is mentioned that there is a lack of understanding with respect to the customer wants and need

So this represents the sales orientation

hence, the correct option is a.

3 0
3 years ago
Name the form of ownership represented by SABC
BartSMP [9]

Answer:

Government of South Africa

Explanation:

7 0
3 years ago
Define what a "transactional" relationship is, and discuss how this occurs in logistics.
8090 [49]
Transaction relationship in logistics means that both vendor and client only have an arm's length relationship wherein both only deal with each other in a business setting. 

Both sides do not cultivate a more personal relationship with each other. Instead, both are only concerned with the fulfillment of the client's demand on the vendor's supply.
4 0
3 years ago
​Suppose a perfectly competitive firm and industry is in long-run equilibrium and the firm earns an economic profit in the short
marin [14]

Answer:

The market supply curve will shift to the right, and the market price will decrease.​

Explanation:

The economic profit attracts new firms in the market which increases the supply in the market so the price decreases and the quantity increases, the market firms will increases up to the economic profit equal to zero so in long run the firms earn zero economic profit.

5 0
3 years ago
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