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borishaifa [10]
3 years ago
12

The budget for the City of Goodville for the year ending December 31 was adopted and recorded on January 2 of the same year. Aft

er recording the budget, the accounting records showed a debit balance of $50,000 in the Budgetary Fund Balance account. What does this indicate?
Business
1 answer:
scoray [572]3 years ago
3 0

Answer:

See below

Explanation:

A budgetary fund is an income account and thus a debit balance suggests a deficit on the fund account. This means that governing bodies of City of Goodville have spent more money in their expenditures than they have brought in as income from the fund. This will be recorded as a liability in the balance sheet. Where as a credit balance would be a surplus and recorded as  an asset.

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Hula Products has reintroduced the hula hoop to the world and faces a growing demand for its product in two distinct markets: th
Arturiano [62]

Answer:

We sale 86 units in europe and 9 un the US to maximize revenue

Explanation:

Being revenue:

Qunatity EU x Price EU + Quantity US x Price US

we want to maximize this function:

Q_e \times (10 - 0.05Q_e) + Q_{US} \times (20 - Q_{US})

givne the constrain Qe + Qus = 95

we solve using excel solver

                        Europe     US        Total

1   Quantity    86            9      95

2   Price            5.7       11

3   Revenue 490.2 99    589.2

we maximize D3 changing cells B2 and C2

7 0
3 years ago
Whistleblowing is term being used for making a disclosure that is in the public interest. It will usually occur when an employee
noname [10]
The answer would be True if it’s a true or false question
6 0
3 years ago
Which reporting app is included with QuickBooks Online Advanced Subscription?
nalin [4]
QBO advanced includes everything in QBO plus including the ability to track by class along with an exclusive features such as reporting powered by fathom, batch invoice import and custom user permissions
4 0
3 years ago
Read 2 more answers
The northern vision of the Reconstruction-era southern economy included all of the following EXCEPT:
IceJOKER [234]

Answer:

A. the labor system would be as close to slavery as possible, thereby assuring high productivity.

Explanation:

The Reconstruction - era of northern version was clearly impacted on Slavery.

As the main objective of such reconstruction was to remove slavery at maximum. And with the end of such reconstruction era there was an end to slavery.

Accordingly, new constitutional rights to people earlier under slavery were provided.

Now, therefore, statement a in the given instance which provides for close relation between labor system and slavery is incorrect.

Incorrect Statement is:

A. the labor system would be as close to slavery as possible, thereby assuring high productivity.

4 0
3 years ago
Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud
beks73 [17]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the number of processing hours:</u>

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

<u>Now, we can calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

<u>Finally, the unitary cost:</u>

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

8 0
3 years ago
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