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White raven [17]
3 years ago
13

Proceeds of debt issued for the construction or acquisition of capital assets are recognized by the capital projects fund as "ot

her financing sources" and as a liability in the governmental activities journal.A. TRUEB. FALSE
Business
1 answer:
Genrish500 [490]3 years ago
6 0

Answer:

The correct answer is letter "A": True.

Explanation:

In governmental accounting, capital project fund is used to record the resources necessary for major capital assets which are those expected to generate value over the long-run such as <em>buildings, machinery, </em>and<em> vehicles</em>. <em>Current liabilities</em> derived from the capital assets are recognized by capital fund but<em> long-term liabilities </em>are recorded in the governmental activities journal.

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Your sister is thinking about starting a new business. The company would require $380,000 of assets, and it would be financed en
Andrews [41]

Answer:

$51,300

Explanation:

Given that,

Assets require = $380,000

Return on the invested capital, ROE = 13.5%

ROE = Net income ÷ Total Equity

0.135 = Net income ÷ $380,000

0.135 × $380,000 = Net income

$51,300 = Net income

Therefore, the net income must be expected to warrant starting the business is $51,300.

Note: Since, all of the total assets are financed by the common stock.

5 0
2 years ago
The part of the formal business plan in which you discuss the industry, business structure, products and services, and how you p
max2010maxim [7]

The executive summary is the part of formal business plan which discusses the industry, business structure, products and services and other plan to make the business successful.

The business plan is a formal and written document which outlines the goals of the company, shows tasks to be performed and shows the financial plans to be use to accomplish the outlined goals.

The part of the business plan includes:

  • Executive summary shows the summary of key points in the business plan.
  • Marketing plan shows the promotion and marketing plans of the business.
  • Key management bios shows the planned management structure of the business
  • Financial plan shows the finance plans of the business

Therefore, the executive summary is the part of formal business plan which discusses the industry, business structure, products and services and other plan to make the business successful.

Learn more about this here

<em>brainly.com/question/15826771</em>

7 0
2 years ago
Macroeconomics Which of the following statements is true? a. A college degree does not influence the earnings of workers. b. The
oksian1 [2.3K]

Answer: b. The median pay of economics majors increased more in dollar terms than any other majors in 2015.

Explanation:

Several sources have shown that Economics majors had the highest per dollar increase of all majors in 2015.

This has been put down to the need for more economists in the field as the years go by and world economics becomes more uncertain. Another key factor is the level of specialization and expertise required of economists as most entry level economists jobs require a masters at the very least.

7 0
3 years ago
Janice really likes potatoes. Potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other i
fiasKO [112]

Answer:

A) Janice will purchase 3 pounds of potatoes since she will buy them until her consumer surplus ≤ 0. The fourth pound of potatoes costs $1, and Janice is willing to pay only $0.30, so her consumer surplus s negative (-$0.70).

Consumer surplus is the difference between the price that a customer is willing and able to pay for a good and the good actual price.

B) If Janice only had $2 to spend, she would buy 2 pounds of potatoes, since her consumer surplus is positive at 2 pounds.

first pound costs $1, and Janice is willing to pay $1.50, consumer surplus = $0.50

second pound costs $1, and Janice is willing to pay $1.14, consumer surplus = $0.14

3 0
3 years ago
A. atlas
Arada [10]

Answer:

Huh? Ano yung tanong miss?

7 0
2 years ago
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