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Sphinxa [80]
3 years ago
14

The City of South River budget for the fiscal year ended June 30, 2020, included an appropriation for the police department in t

he amount of $8,706,000. During the month of July 2020, the following transactions occurred (in summary): Purchase orders were issued in the amount of $533,000. Of the $533,000 in purchase orders, $496,000 were filled, with invoices amounting to $486,000. Salaries, not encumbered, amounted to $302,000. A budget appropriations reduction in the amount of $58,000 was approved by the city council. Prepare an appropriations, expenditures, and encumbrances ledger for the police department for the month of July. (Credit amounts should be indicated by a minus sign.)
Business
1 answer:
Eduardwww [97]3 years ago
3 0

Answer:

CITY OF SOUTH RIVER

APPROPRIATION (appr), EXPENDITURES (expend), AND ENCUMBRANCES (encum) LEDGER

GENERAL FUND: PUBLIC SAFETY - POLICE

MONTH: JULY, 2020

Tran

-  Refer  -  App  -     Encum  -   Expend  -  Unexpended App Balance

1       Budget   -8706000      -              -                     8706000

2    Purchase

      Orders

      issued          -         533000          -                     8173000

3   Invoice

   received and

   approved for

    payment        -          -496000       486000                8183000

4     Payrolls      -               -                  302000               7881000

5     Budget

   Revision     58000             -                -                         7823000

Total                8648000     37000          788000              7823000

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bezimeni [28]

Answer:

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Explanation:

<u>To calculate the unitary variable cost that will yield the break-even point, we need to use the following formula:</u>

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50,000= 100,000 / (75 - unitary variable cost)

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5 0
3 years ago
g Marginal revenue product (MRP) of labor refers to the: A. amount by which a firm's total resource cost increases when it emplo
UNO [17]

Answer:

c

Explanation:

Marginal revenue product (MRP) is the change in total revenue when one more unit of a resource is employed.

For example :

Units of labour    Revenue

1                             100

2                             200

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7 0
2 years ago
ou currently own 10 percent of the 3.0 million outstanding shares of Webster Mills. The company has just announced a rights offe
REY [17]

Answer: 9.09% ownership

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Your current ownership of the shares in Webster Mills is 10% of 3 million.

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Since you sold your rights then you still have shares but now your percentage of ownership will change because of the increase in outstanding shares.

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8 0
3 years ago
A couple will retire in 50 years; they plan to spend about $22,000 a year in retirement, which should last about 25 years. They
Serga [27]

Answer:

Annual deposit= $2,803.09

Explanation:

<u>First, we need to calculate the monetary value at retirement:</u>

FV= {A*[(1+i)^n-1]}/i

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Now, the annual deposit required to reach $1,608,330.68:

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3 0
2 years ago
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aivan3 [116]
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