1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KiRa [710]
3 years ago
7

A government has the following debt: Capital lease liabilities that mature in more than one year (General Fund department leases

)-$2,000,000. Net pension liability associated with general government employees-$4,000,000. General government bonds that mature in the next fiscal year-$14,000,000. What amount of debt should be reported in the long-term liabilities in the government-wide financial positions?
Business
1 answer:
leva [86]3 years ago
6 0

Answer:

Total debt= $20,000,000

Explanation:

Long term liabilities are what the government owes that are due in more than one year.

All the stated items are unmatured long term liabilities that will appear on the government wide financial position.

Although these items will not be recorded in government general funds.

Therefore

Total debt = Capital lease liabilities that mature in more than one year + Net pension liability associated with general government + General government bonds that mature in the next fiscal year

Total debt= 2,000,000+ 4,000,000+ 14,000,000

Total debt= $20,000,000

You might be interested in
Money ​'M​' and nonmonetary assets ​'NM​' are the only assets available in financial markets.
maksim [4K]

Answer:

Explpanation:

3 0
2 years ago
If overhead is applied to individual jobs at a rate of 50% of direct labor costs incurred per job, and $50,000 in direct materia
barxatty [35]

The total cost applied to the job is $87,500 when the direct materials are $50,000, the cost of direct labor is $25,000 and the overhead cost is 50 % of direct labor.

<h3>What is meant by total cost?</h3>

Total cost means the combined cost of materials, human labor, and the overheads incurred in the process of production.

Given values:

Cost of direct materials: $50,000

Cost of direct labor: $25,000

Cost of overheads: $12,500 ($25,000 X 50%)

Computation of total job cost:

\rm Total \rm\ Job \rm\ Cost=\rm\ Cost \rm\ of \rm\ Direct \rm\ Materials+\rm\ Cost \rm\ of \rm\ Direct \rm\ Labor+\rm\ Cost \rm\ of \rm\ Overheads\\\rm Total \rm\ Job \rm\ Cost=\$50,000 + \$25,000 + \$12,500\\\rm Total \rm\ Job \rm\ Cost=\$87,500

Therefore, when the direct materials are $50,000, the direct labor is $25,000 and the overhead cost is $12,500, then the total cost of the job is $87,500.

Learn more about the overhead cost in the related link:

brainly.com/question/14545063

#SPJ1

4 0
1 year ago
Steamroller Company sells two products—J and B. Steamroller predicts that it will sell 7400 units of J and 6500 units of B in th
sp2606 [1]

Answer:

The weighted-average unit contribution margin is $4.50 per unit.

Explanation:

Weighted Average contribution margin is the average contribution margin of all products company sells.

Sale

Product J = 7,400

Product B = 6,500

Unit contribution margin

Product J = $2.9

Product B = $6.3

Contribution of Product J = 7,400 x $2.9 = $21,460

Contribution of Product B = 6,500 x $6.3 = $40,950

Total Contribution = $21,460 + 40,950 = $62,410

Total Sales Unit = 7,400 + 6,500 = 13,900 units

Weighted average contribution margin = Total Contribution / Total sales unit

Weighted average contribution margin = $62,410 / 13,900 units

Weighted average contribution margin = $4.49 per unit

Weighted average contribution margin = $4.5 per unit

3 0
3 years ago
McCue Inc.'s bonds currently sell for $1,250. They pay a $90 annual coupon, have a 25-year maturity, and a $1,000 par value, but
ratelena [41]

Answer:

YTM = 6.88%.

YTC = 4.26%.

Explanation:

a. Calculation of Yield to Maturity (YTM)

The bond's Yield to Maturity can be calculated using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = yield to maturity = ?

nper = number of periods = number of years to maturity = 25

pmt = annual coupon payment = $90 = 90

pv = present value = current bond price = $1,250 = 1250

fv = face value or par value of the bond = 1000

Substituting the values into equation (1), we have:

YTM = RATE(25,90,-1250,1000) ............ (2)

Inputting =RATE(25,90,-1250,1000) into excel (Note: as done in the attached excel file), the YTM is obtained as 6.88%.

Therefore, YTM is 6.88%.

b. Calculation of Yield to Call (YTC)

The bond's Yield to call can be calculated using the following RATE function in Excel:

YTC = RATE(nper,pmt,-pv,fv) .....................(3)

Where;

YTM = yield to call = ?

nper = number of periods = number of years to call = 5

pmt = annual coupon payment = $90 = 90

pv = present value = current bond price = $1,250 = 1250

fv = future value of the bond or the amount at which the bond can be called = $1,050 = 1050

Substituting the values into equation (3), we have:

YTM = RATE(5,90,-1250,1050) ............ (4)

Inputting =RATE(5,90,-1250,1050) into excel (Note: as done in the attached excel file), the YTC is obtained as 4.26%.

Therefore, YTC is 4.26%.

Download xlsx
6 0
3 years ago
Jessica’s Office Supply, Inc., had 300 calculators on hand at January 1, 2017, costing $16 each. Purchases and sales of calculat
otez555 [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Jessica’s Office Supply, Inc., had 300 calculators on hand on January 1, 2017, costing $16 each.

Purchases and sales of calculators during January were as follows:

January 12: 200 units for $25

J 14: 150 for $17

J 29: 100 for $18

J 30: 150 for $30

According to a physical count, 200 calculators were on hand on January 31, 2017.

FIFO:

Inventory= 150*30 + 50*18= $5,400

COGS= 300*16 + 200*25 + 150*17 + 50*18= $13,250

LIFO:

Inventory= 200*16= $3,200

COGS= 150*30 + 100*18 + 150*17 + 200*25 + 100*16= 15,450

Average cost method:

Average cost= (16 + 25 + 17 + 18 + 30)/5= 21.2

Inventory= 21.2*200= $4,240

COGS= 21.2* 700= $14,840

8 0
3 years ago
Other questions:
  • The number of jobs available in the U.S. economy is largely determined by the number of workers private firms choose to hire. In
    13·1 answer
  • "A retired customer that has a portfolio of blue chip stocks is looking to supplement his retirement income. An appropriate reco
    9·1 answer
  • The first thing you must consider in any type of communication is
    6·2 answers
  • Susan O Rourke hired an attorney to represent her in a court case involving an auto accident. The attorney charged O Rourke a $2
    6·1 answer
  • (bank deregulation some economists argue that deregulating the interest rates that could be paid on deposits combined with depos
    6·1 answer
  • Parc hired Glaze to remodel and furnish an office suite. Glaze submitted plans that Parc approved. After completing all the nece
    7·1 answer
  • Where would the HIGHEST air pressure be measured
    15·1 answer
  • A nation has a population of 300 million people. Of these, 80 million are retired, in the military, in institutions, or under si
    8·1 answer
  • Accounts payable is​ a: A. current liability. B. current asset. C. longminusterm liability. D. longminusterm asset.
    10·1 answer
  • Which of the following is not included in the typical pattern of behavior for a poverty-stricken person? a. higher crime rate c.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!