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vladimir1956 [14]
3 years ago
15

A government issued general obligation bonds to finance the construction of a new fire station. In the current year, the governm

ent incurred $107,000 of interest expense on the debt. This amount will be reported on the government-wide statement of activities as________.
Business
1 answer:
Crank3 years ago
3 0

Answer: The correct answer is "Interest expenses of the governmental activities.".

Explanation: This amount will be reported on the government-wide statement of activities as interest expenses of the governmental activities <u>since it corresponds to interest expenses paid for the issuance of debt to finance government activities.</u>

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Yo<br>please solve this journal entries <br> as soon as possible ​
Elodia [21]

Answer:

1. Drawings A/c. dr. 15,000

To Cash A/c. 15,000

2. Cash A/c. Dr. 63,000

To Sales A/c. 63,000

3. Drawings A/c. Dr. 12,000

To Cash A/c. 12,000

4. Purchases A/c. Dr. 31,000

To Creditors A/c. 31,000

5. Drawings A/c. Dr. 16,000

To Purchases A/c. 16,000

6. Dalip Singh A/c. Dr.35,000

To Sales A/c. 35,000

7. Rent A/c. Dr. 22,000

To Bank A/c. 22,000

8. Purchases A/c. Dr. 19,000

To Cash A/c. 19,000

4 0
3 years ago
An investor who was not as astute as he believed invested $276,500 into an account 9 years ago. Today, that account is worth $21
Dimas [21]

Answer:

The annual rate of return is -2.83%

Explanation:

The annual rate can be calculated from the formula FV=PV*(1+r)^N

Where FV is the future value of the investment

PV is the amount invested which is $276,500

N is 9 years

213600=276,500*(1+r)^9

213600/276500=(1+r)^9

divide index on both sides by 9

(213600/276500)^1/9=1+r

(213600/276500)^1/9-1=r

r=-0.02827109

r=-2.83%

Hence the annual rate of return on the investment is -2.83%, which means the investment depleted by 2.83% from initial invested amount of $276,5000 to $213,600 after nine years

6 0
3 years ago
Read 2 more answers
A produce distributor uses 779 packing crates a month, which it purchases at a cost of $12 each. The manager has assigned an ann
labwork [276]

Answer:

$1,498.86

Explanation:

Given that;

Packing of crates per month(u) = 779

Annual carrying cost of 39% of the purchase price per crate

Ordering cost (S) = $27

D = 779 × 12 = $9,348 crates per year

H = 0.39P

H = 0.39 × $12

H = $4.68 crates per year

Total ordering cost = D/Q × S

= ( $9,348 / 779 ) × $27

= $324

Total Holding cost = Q / 2 × H

= ( 779 / 2 ) × $4.68

= $1,822.86

Annual savings = Total holding cost - Total ordering cost

= $1,822.86 - $324

= $1,498.86

The firm would be saving $1,498.86 annually.

5 0
3 years ago
At the break-even point:
OlgaM077 [116]

Answer:

D. Contribution margin would be equal to total fixed costs

Explanation:

As we know that

break even point is the point at which the firm is earning no profit or no loss suffered

In equation, it is

Total cost = Total revenues

In addition,

The contribution margin = Sales - variable expenses

Therefore

The contribution margin = Fixed cost = break even point

If we subtract the contribution margin from the fixed cost the amount should be zero which implies the break even point

5 0
3 years ago
Suppose that the money demand function is (M/P)d=1000-200r where r is the interest rate in percent. The money supply M is 1200 a
tatyana61 [14]

Answe and Explanation:

b) To find out the equilibrium interest we will equate the money demand function with the money supply:

1000 - 200(r) = 1200/2

r = 2%

c) If the price is fixed and if the supply of money of is increased from 1200 to 1400 then the supply of real balances will be 1400/2 = 700

The equilibrium interest would be:

1000 - 200(r) = 700

r = 1.5%

Thus, it shows that when the supply of money is increased and the price is fixed then the interest rate would fall from 2% to 1.5%

d) The supply of real balances would be 1600/2 = 800

Hence, the interest rate will be:

1000-200(r) = 800

r = 1%

As proved above, an increase in the money supply would decrease the interest rate keeping the price fixed.

e) If the Fed keeps the interest rate at 5% then,

1000 - 200(5) = Money supply/2

Money supply = 0

Reduce the money supply if the interest is increase from 2% to 5%

a) Picture is attached.

6 0
3 years ago
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