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kompoz [17]
3 years ago
14

6. GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists th

at the cost of providing services for an activity, including capital costs, be recovered through fees or charges. B) When debt is backed solely by fees and charges. C) When a government has a policy to establish fees and charges to cover the cost of providing services for an activity. D) All of the
Business
1 answer:
zhenek [66]3 years ago
7 0

Answer:

The correct option is D,all of the above

Explanation:

GASB is a short  form for Generally Accounting Standards Board, a not-for- profit making accounting standard board in the United States whose objective is to issue generally accounting principles for states and local governments' use

Enterprise fund as the name denotes, is a special fund set aside for trading in essential goods and services which are sold to the general public at a fee(most times subsidized).

According the provisions of GASB,the special fund kept as enterprise fund can be put to any of the three uses highlighted in options A-C,hence option D is the best fit.

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Choose the strategy of following scenarios whether it describe business level or corporate level.
Serggg [28]
It’s a I promise I did the test!!
3 0
2 years ago
The capable project manager understands what motivates team members and creates a competitive environment in which individuals c
erastovalidia [21]

Answer:

False.

Explanation:

The capable project manager understands what motivates team members and creates a competitive environment in which each individuals are impacted by the learning process and experiences as part of a high-performing team and are able to excel.

Ideally, a capable project manager should use the project work or activities as an opportunity to avail the team members with more knowledge, so that each of them becomes more experienced and competent than when they started.

Also, a project manager is a professional saddled with the responsibility of successfully planning, analyzing and execution of a project in an organization.

3 0
3 years ago
​(A) What price should the company charge for the​ phones, and how many phones should be produced to maximize the weekly​ revenu
vladimir1956 [14]

Answer:

2500 phones produced at $250 per phone

Max weekly revenue would be $625,000.

Explanation:

p = 500 - 0.1x

p is the price per unit

revenue = quantity * price/unit  

R(x) = revenue = p(x)*x = 500x - 0.1x²

p(x) maximum when first derivative is set to 0

500 - 0.2x = 0 ==> x = 500/0.2 = 2500 quantities

price/unit : p = 500 - 0.1*2500 = 500 - 250 = 250

revenue :  

r(2500) = 500*2500 - 0.1*2500²

r(2500) = 2500(500 - 250) = 625000

The company should produce 2500 phones each week at a price of $250

The maximum weekly revenue is $625000

6 0
3 years ago
Yuri wants to pay for his new chair using a check. What must he consider before using that method of payment? Yuri must check hi
Dimas [21]

Answer:

Yuri must be sure he has enough left in his checking account for any expenses and automatic payments.

8 0
3 years ago
A company works on three jobs and incurs the following: Direct materials - $50,000 and Direct labor - $100,000. The company uses
Sveta_85 [38]

Answer:

$60,000

Explanation:

The amount of overheads which shall be allocated to the three projects shall be determined using the following mentioned formula:

Overhead amount=overhead rate* direct labor costs

In the given question

overhead rate=60%

direct labor costs=$100,000

Overhead amount=60%*100,000

                              =$60,000

8 0
3 years ago
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