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mina [271]
3 years ago
8

At the end of the 2020 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2021. In 2021

the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2021 expenditure?A) $0.B) $20.C) $500.D) $520.
Business
1 answer:
Nata [24]3 years ago
8 0

Answer:

B) $20

Explanation:

Calculation for how much that would be recorded as the 2021 expenditure

Using this formula

Expenditure =Invoiced cost-General fund

Let plug in the formula

Expenditure =$520-$500

Expenditure =$20

Therefore the amount that would be recorded as the 2021 expenditure will be $20

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Cost of equity is calculated as -

Cost of equity = Risk free return + Beta * (Market risk - Risk free return)

Given,

Risk free return = 5.3 %

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Beta = 1.05

Cost of equity = 5.3 % + (1.05*(12-5.3%))

Cost of equity = 12.335 % or 12.24 %

6 0
3 years ago
Which of the following is typically considered a disadvantage of sole proprietorships? Multiple Choice Income taxes are paid by
matrenka [14]

Answer:

The answer is: Owner is personally liable for all debts of the business.

Explanation:

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Some of the disadvantages of sole proprietorship are :

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7 0
3 years ago
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Radda [10]
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7 0
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Mrac [35]

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6 0
3 years ago
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