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KengaRu [80]
3 years ago
7

Kenn City obtained a municipal landfill and passed a local ordinance that required the city to operate the landfill so that the

costs of operating the landfill, as well as the capital costs, are to be recovered with charges to customers. Which of the following funds should Kenn City use to report the activities of the landfill?
A. Enterprise
B. Permanent
C. Special Revenue
D. Internal service
Business
2 answers:
AVprozaik [17]3 years ago
6 0

Answer:

A. Enterprise

Explanation:

Enterprise is the type of government fund whereby goods and services are sold for a fee. It is a government owned fund that sells goods and services to the general public. It is used by a municipality to report an activity for which a fee is charged to users for goods and services. It is a self supporting activity of a government unit that renders services on a user fee basis. In this scenario, what kenn city use in reporting the stated activity is Enterprise fund.

exis [7]3 years ago
3 0

Answer:

A. Enterprise

Explanation:

Based on the scenario being described it can be said that in this situation Kenn City should use an enterprise fund to report the activities of the landfill. This is government fund that sells goods and services to the public for a fee. Therefore since the costs for operating the landfill are to be recovered with charges to customers then this would be the fund to report to.

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A plant's fixed overhead costs total $500,000 for a year to produce 400,000 widgets, among other items. If machine‐hours are use
maxonik [38]

Answer:

$0.5

Explanation:

A plant's fixed total overhead cost is $500,000 for a year

400,000 widgets are required to be produced for this period

All processes require a 40,000 machine hours and the widgets use 16,000 hours out of the total hours

The first step is to calculate the fixed overhead application rate

= $500,000/40,000

= $12.5 machine-hour

The fixed overhead that is applied to the widgets can be calculated as follows

= $12.5 × 16,000

= $200,000

Therefore, the fixed overhead that is applied to each of the widgets produced can be calculated as follows

= 200,000/400,000

= $0.5

Hence the fixed overhead that is applicable to each widgets is $0.5

7 0
3 years ago
List TWO consequences for a company if they receive a qualified audit opinion
Lorico [155]
It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.
6 0
2 years ago
Harrold is the project manager for his organization and he has seven people on his project team. Who is responsible for executin
charle [14.2K]

Answer: D. Project team

Explanation:

The project team is responsible for executing the project plan and creating the project deliverables. They are also in charge of contributing to the success of the project by making sure that the project objectives are achieved.

Each team mate has a specific role that he or she is assigned and the team should execute the tasks assigned to them successfully.

8 0
2 years ago
Suppose Compco Systems pays no dividends but spent $ 5.18 billion on share repurchases last year. If​ Compco's equity cost of ca
shusha [124]

Answer:

Market capitalization - $155.26

Stock price - $26.77

Explanation:

The computation of the market capitalization is shown below:

= last year dividend × (1 + growth rate) ÷  (cost of capital - growth rate)

= $5.18 billion × ( 1 + 7.9%) ÷ (11.5% - 7.9%)

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And, the stock price would be

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= $155.26 ÷ 5.8 billion

= $26.77

3 0
3 years ago
When distributing a third party research report to its clients, an investment adviser (IA) must:
alexira [117]

Answer:

D.

Explanation:

When distributing a third party research report to its clients, an investment adviser (IA) must disclose that there was a third party involved that prepared the report. This is because disclosing the reports origin is absolutely necessary and required by law when the person that prepared the report is anyone but the investment adviser. Mostly due to the fact that the clients place their trust in the investment adviser and are trusting him/her with their money.

8 0
3 years ago
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