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garik1379 [7]
3 years ago
12

GASB has issued a proposed standard that would more clearly define fiduciary activities and change the categories of fiduciary f

unds. One of the issues the proposed standard is intended to address is the practice of some governments to classify activities as trusts when no trust agreement exists. Activities meeting the definition of fiduciary in nature but that lack a formal trust agreement will in the future be reported in a new category. What is the new category?a. Custodial fund.b. Non-custodial fund.c. Dedicated fund.e. Pass-through activities fund.
Business
1 answer:
kramer3 years ago
3 0

Answer:

a. Custodial fund

Explanation:

Custodial transaction and fund refers to the transaction, in which there is a beneficiary and a responsible. The responsible person manages the transactions of custodial account, and takes proper care of return and investment on such account.

This is basically an agency service as the person who is beneficiary is just depositing the amount top be invested which is then taken care of as an agent.

The correct option is a.

Custodial Fund.

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Reliable Enterprises sells distressed merchandise on extended credit terms. Collections on these sales are not reasonably assure
sveta [45]

Answer:

the installment receivables is $10,000

Explanation:

The computation of the installment receivables is shown below:

installment receivable ($55,000 - $20,000) $35,000

LesS: Deferred gross profit ($55,000 - $30,000) $25,000

Installments Receivable $10,000

hence, the installment receivables is $10,000

The same should be considered and relevant

6 0
3 years ago
Consider the overall market for beverages in the US. This market consists of both alcoholic and non-alcoholic drinks. Within the
Andru [333]

Answer:

The correct answer is: a macro-segment.

Explanation:

The Market Opportunity Analysis or MOA is a tool used to identify market opportunities and measure them to determine if they can be profitable for the company before the firm starts planning to work with it. The MOA implements segmentation to classify as specific as possible the product that is intended to be offered.

Micro-segments refer to products with narrow scopes while macro-segment products have wider reach and variability inherent. Thus, in the example, <em>ales represent the macro-segment since it has varieties such as brown ale, pale ale, golden ale, Scotch ale, and mild ale just to mention a few.</em>

4 0
4 years ago
Drudgen Fitness Inc. is a fitness equipment provider that markets its products through a chain of retailoutlets in four states.
Anarel [89]

Answer:

4) buying and installing new computers in the new outlets

Explanation:

The five component model of information systems includes what a company needs to create is IT infrastructure and it includes:

  1. people: I firmly believe that people are the most important component of any system, at least until AI replaces us.
  2. hardware: refers to the equipment needed (e.g. computers, etc.)
  3. software: includes both system (windows or linux) and applications software (e.g. ERP software)
  4. database: the place where collected data is stored, e.g. physical storage devices or cloud storage
  5. network: the connections needed for different hardware to work together, e.g. cables, routers, internet service
8 0
3 years ago
Cassie is going to join a gym because new membership is very cheap. When she gets there, she discovers that there are added cost
siniylev [52]

Available options are:

a. Normative influence

b. Door-in-the-face

c. Foot-in-the-door

d. Lowballing

Answer:

Option D. Lowballing Strategy

Explanation:

Lowballing strategy is when an organization advertises its low cost product or service and doesn't advertises the hidden costs to attract customers. The customer when interacts the company the sales team most likely make sales due to their experience. Such type of marketing products is common in printers whose cost is kept low whereas the tuner price is kept high which helps them to earn profit.

8 0
3 years ago
Who is affected negatively when a country’s currency is weak? Give domestic and foreign examples
fomenos
Its citizens, and government.
5 0
3 years ago
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