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
PilotLPTM [1.2K]
3 years ago
8

Which of the following is correct with respect to rainy day funds? Multiple Choice Rainy day funds are classified as committed o

r restricted if imposed externally or by law. Rainy day funds are classified as unassigned if the funds are available for emergencies or revenue shortfalls which may be accessed on an ongoing basis. Both of the choices are correct. Neither of the choice is correct.
Business
1 answer:
Viefleur [7K]3 years ago
4 0

Answer:

The correct answer is letter "A": Rainy day funds are classified as committed or restricted if imposed externally or by law.

Explanation:

Rainy day funds refer to reserves of resources states keep in case of emergencies or budget shortfalls. These funds are reserved for periods when revenues do not meet expectations and expenditures are higher. Rainy day funds are also used when the state should not incur debt because its financial situation is not optimal.

<em>Rainy days are classified as committed if created by resolution and, in such cases, the purpose of those funds is specified.</em>

You might be interested in
Discuss how AFCFTA could be trade creating free trade area?​
allochka39001 [22]

Explanation:

eliminate tariffs on intra-Africa trade, making it easier for businesses to trade within Africa and benefit from their own growing market; introduce regulatory measures such as sanitary standards and eliminating non-tariff barriers to trade; establish, in the future, a Common Continental Market.

6 0
3 years ago
Meeting the needs of the present through economic development without compromising the needs of future generations to meet their
Veseljchak [2.6K]

Answer:

Sustainability.

Explanation:

Sustainability intends on addressing current requirements, without undermining future generations to fulfill their needs. The notion of sustainable development consists of three key elements including economic, social, and environmental which correspond to three P's that are Profit, people, and planet respectively. It is a complex process that expands the objectives of businesses from immediate profit to future-oriented goals like energy conservation, work, and safety measures in an organization, etc.

3 0
3 years ago
Jason Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an unamortize
Andru [333]

Answer: Loss of $22,000

Explanation:

Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at

Net Carrying Value of Bonds

= Par value - Unamortized discount

= 300,000 - 10,000

= $290,000

Gain (loss) = 290,000 - (300,000 * 104)

= ($22,000)

8 0
3 years ago
Bravo company had $5,100 of supplies on hand at the beginning of 2016. on march 31 bravo purchased an additional $12,400 of supp
lana66690 [7]
Supplies expense is $11,400.00.

Expenses = Beg Inv + Addl Inv - Remaining
                 = 5,100 + 12,400 - 6,100
                 = 11,400
8 0
3 years ago
Read 2 more answers
Economist A believes that the elasticity of investment is 1.47 while economist B believes that the elasticity of investment is 0
Anna71 [15]

Answer:

Economist A

Explanation:

Elasticity is a measure of investment sensitivity. If the investment is elastic, a slight increase in price (interest rate) will decrease the amount of investment. Conversely, if the investment is inelastic, a change in interest rates will not considerably affect the investment rate. The calculation of elasticity consists of the change in the investment rate divided by the change in the interest rate. If the calculation of elasticity is less than 1, it is considered ineastic, while investments with elasticity above 1 are considered elastic. Thus, economist A believes that the investment rate is elastic to the interest rate, while economist B believes the opposite. So for economist A the rise in interest rates will affect the investment rate of the economy (and hence the macroeconomic environment) because in his view investment is elastic. Economist B does not believe that interest rate fluctuations will affect demand for investments.

8 0
3 years ago
Other questions:
  • The following is the income statement for the period ending December 31, Year 1, for Manatee Construction Company:
    11·1 answer
  • You have just purchased a new warehouse. to finance the purchase, you’ve arranged for a 30-year mortgage loan for 80 percent of
    15·2 answers
  • Suppose your opportunity cost rate is 11 percent compounded annually. (a) How much must you deposit in an account today if you w
    9·1 answer
  • Start business 10500 with cash
    12·1 answer
  • An invisible barrier that blocks the promotion of a qualified individual in a work environment because of the individual's gende
    15·1 answer
  • Pat, an insurance executive, contributed $1,000,000 to the re-election campaign of Governor Stephens, in hopes that Stephens wil
    7·1 answer
  • HealthStore Inc. provides a broad and diverse range of services for the healthcare industry. It also manufactures a variety of h
    9·2 answers
  • You are working as a head of Human resource department in an oil company. The high ups of your company asked you to select 12 ex
    9·1 answer
  • A variable can be called or referenced before it has been defined.<br> O True<br> O False
    9·1 answer
  • What makes sure that the aesthetic and functional aspects of the button work in the context of the rest of the product
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!