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Olin [163]
2 years ago
10

When a purchase order is released, a commitment is made by a governmental unit to buy a computer to be manufactured to specifica

tions for use in property tax administration. This commitment should be recorded in the general fund as a(n) General capital asset. Appropriation. Expenditure Encumbrance
Business
2 answers:
Vladimir79 [104]2 years ago
8 0

Answer: Encumbrance

Explanation:  The commitment made by a governmental unit to buy some product for use in administration is recorded in the general fund as an encumbrance which is defined as an interest, right, burden or liability that must be carried. As such, an encumbrance ensures that there will be enough funds available for the payment of certain governmental obligations and commonly refers to restricted funds in the general fund account.

dedylja [7]2 years ago
5 0

Answer:

Encumbrance

Explanation:

An encumbrance is a portion of a budget set aside for spending required by law or contract. Like the budget itself, an encumbrance is a projection and not yet a reality. If business conditions continue as they are when you set the budget, then the encumbrance will become an expense.

The most common types of encumbrance apply to real estate; these include mortgages, easements, and property tax liens. Not all forms of encumbrance are financial, easements being an example of non-financial encumbrances. An encumbrance can also apply to personal – as opposed to real – property.

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A leader, such as Bill Gates of Microsoft, who can inspire followers above their own self-interests and can have a profound effe
arsen [322]

Answer:

Transformational leadership

Explanation:

Transformational leadership is an authority style that can rouse positive changes in the individuals who pursue. Transformational pioneers are commonly vigorous, excited, and energetic. Not exclusively are these pioneers concerned and associated with the procedure; they are likewise centred on helping each individual from the gathering prevail as well. Through the quality of their vision and character, transformational pioneers can motivate supporters to change desires, judgements, and inspirations to move in the direction of shared objectives.

8 0
2 years ago
On July 15, 2021, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $750,000 and $325,000, respecti
cupoosta [38]

Answer:

Journal entry to record the Sale of Patent

Debit : Cash $750,000

Credit : Patent at Book Value $120,000

Credit : Profit and Loss $630,000

Journal entry to record the Sale of Equipment

Debit : Cash $325,000

Debit : Profit and loss $75,000

Debit : Accumulated depreciation $150,000

Credit : Equipment at Cost $550,000

Explanation:

During a sale transaction the entity recognizes 1. The Cash Proceeds resulting from the sale, 2. The Profit or loss resulting from the sale, 3.The entity derecognizes the Cost or Book Value of the Asset as well as the Accumulated depreciation.

A profit of $630,000 has been earned as a result of the sale of the Patent, whereas a loss of $75,000 has been incurred as a result of sale of Equipment.

8 0
3 years ago
The most common source of business system failure is:
Inessa [10]
<span>

The most common source of business system failure is : B ) data quality

-Hope this helps.</span>
4 0
3 years ago
Refer to Table 16-2. What is the concentration ratio for Industry M? a. about 52% b. about 22% c. about 96% d. about 40%
Harlamova29_29 [7]

The concentration ratio for Industry M is 52%.

The concentration ratio of industry M can be determined by adding the the ratio of the output to the total output of  each of the six firms together.

  • Ratio of firm 1's output to total output = 22,987 / 198,400 = 0.11586 = 11.59%
  • Ratio of firm 2's output to total output = 21,444 / 198,400 =  0.1081 = 10.81%
  • Ratio of firm 3's output to total output = 18,787 / 198,400 = 0.0947 = 9.47%
  • Ratio of firm 4's output to total output = 16,454 / 198,400 = 0.0829 = 8.29%
  • Ratio of firm 5's output to total output = 12,890 / 198,400 = 0.065 = 6.5%
  • Ratio of firm 6's output to total output = 22,987 / 198,400 = 0.0506 = 5.06%

Sum of the percentages = 51.72%

Please find attached a table used to answer the question. A similar question was answered here: brainly.com/question/14903886

3 0
2 years ago
Demand at Nature Trails Ski Resort has a seasonal pattern. Demand is highest during the winter, as this is the peak ski season.
erma4kov [3.2K]

Answer:

Fall            304

Winter    1,974

Spring     716

Summer  1,006

total         4,000      

Explanation:

The historical data is missing, so I looked for a similar question and found this:

Season Year 1 Year 2

Fall          208 243

Winter 1,360 1,574

Spring  509 554

Summer   719 774

total         2,796     3,145

if the forecast for total demand during next year is correct, total demand should increase by [(4,000 / 3,145) - 1] x 100 = 27.186% or 855 more customers.

we must determine the % of total demand per season:

Season Year 1     %                       Year 2            %

Fall          208   7.44%                    243            7.73%

Winter 1,360 48.64%                  1,574          50.05%

Spring  509 18.20%                    554           17.62%  

Summer   719 25.72%                 774          24.60%

total         2,796      100%                    3,145           100%

the average % for each season:

Fall          7.59%            x 4,000 = 303.6 ≈ 304

Winter 49.35%           x 4,000 = 1,974

Spring  17.91%            x 4,000 = 716.4 ≈ 716

Summer  25.15%           x 4,000 = 1,006

total           100%        

8 0
3 years ago
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