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
Irina-Kira [14]
3 years ago
8

Several years ago a city established a sinking fund to retire an issue of general obligation bonds. This year the city made a 55

0,000 contribution to the sinking fund from general revenues and realized 515,000 in revenue from securities in the sinking fund. The bonds due this year were retired. These transactions require accounting recognition in which of the following funds? (AICPA adapted)
a. General Fund
b. Debt Service Fund
c. Debt Service Fund and General Fund
d. Capital Projects Fund, Debt Service Fund, and General Fund
e. None of the above
Business
1 answer:
Amanda [17]3 years ago
4 0

Answer: c. Debt Service Fund and General Fund

Explanation:

The Sinking fund is a Debt Service Fund as it was created to retire some general obligation bonds. Every transaction that had to do with the retirement of debt as well as contribution to the retirement of debt would go in this account.

The General fund is also needed because this is the main fund of a Government entity. Everything that does not go through special funds is recorded here. This Fund therefore would show that the city made a $550,000 contribution to the sinking fund.

You might be interested in
For all facebook pages, the conversion rate would be calculated as the percentage of visitors to the page who click the "like" b
Vika [28.1K]
The answer is FALSE because a conversion happens when a visitor to the page does whatever the marketer hoped he or she would do. The objective of the marketer will repeatedly be to get visitors to like the page in which case the question correctly defines how to calculate the conversion rate. In other cases, the goal might be for visitors to print a coupon and take it to the store, to book a plane booking or to post a comment or photo. In general, Conversion rates are a measure that specified what percentage of potential customers act as the marketer hopes, and by clicking, buying or donating. 
4 0
3 years ago
What is the main disadvantage of moving to e-money loading... or moving to a cashless​ society?
____ [38]
So you could save money
7 0
3 years ago
Dmitri is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: B
kondaur [170]

Answer:

Decision on the margins

Explanation:

Pool time seems to be having a greater effect at the moment, it makes sense for his to spend a bit more time in the pool and a bit less time on the bike.

However, this does not mean that it makes sense for her to spend all his time in the pool and no time on the bike. If he cut out all training on the bike, the value of a little bit of bike training might be higher than the value of the last hour of pool training. Dimitri does not treat biking versus swimming as an all-or-nothing decision. He makes small changes at the margin in the number of hours spent training for each activity.

Also they both realise that his time is fixed (20hrs) and anytime he wants to spend extra on one activit, is time he cannot spend on another (opportunity cost).

They are both trying to improve Dimitri's total time (exploiting opportunities to makes themselves better off).

An assumption that Dimitri realises that as he spends more time in the pool improving his swim time, his run and cycle times will suffer. As he swims more, his improvement is likely to slow down, while spending less time on cycling and running will cost him progressively more in terms of time.

Conclusion Dimitri is looking at the margins. His wife on the other hand, is not, she is ignoring the interaction, may be forgetting the decreasing improvements in swim and increasing deterioration in the other 2 legs.

4 0
3 years ago
Read 2 more answers
A company purchases a remote building site for computer operations. The building will be suitable for operations after some expe
vaieri [72.5K]

Answer:

True Statements are:

B, C, D

Explanation:

All the capital cost incurred for an asset acquisition is added to the cost of capital asset.

The cost of capital asset here will include the following,

Replacement of wiring will not form part of cost of building, as is associated with fittings and computers, so either it will be clubbed in furniture and fittings or computers,

Replacement of roof is a part of building and shall be added to cost of building.

Painting, plumbing etc: will not form part of cost of building, as will be added to revenue expenditure and not the capital expenditure.

Thus with the above clarification of nature of expense, Statement B, C, and D are true.

3 0
3 years ago
American Idle sells hammocks in a perfectly competitive market. This year, the price of hammocks has fallen to $24, and Simon Co
AfilCa [17]

Answer:

Shut down as P < AVC.

Explanation:

Given that,

Selling price = $24

Average variable cost = $25

Average total cost (ATC) = $30

Marginal cost = $24

He should shut down because the price received by him for the product is less than average variable cost. He should shut down its operations because he won't be able cover the average variable cost associated with the production of the product.

Price = $24 which is less than average variable cost of $25.

If he will be able to cover its variable cost then he will continue operating in this market condition.

3 0
3 years ago
Other questions:
  • When a monopolistically competitive market opens up to international trade, each firm produces a greater quantity of output than
    11·1 answer
  • A major advantage to a business residence situation is_____
    11·1 answer
  • Patrick Enterprises recently installed a parking lot. The paving costs were $38,750, and the lighting costs were $20,000. In add
    14·1 answer
  • Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $11,880. All s
    10·1 answer
  • According to the PCAOB, an accounting firm's independence is least likely to be impaired if the firm
    9·1 answer
  • Paul has been forced to retire from his company after over 30 years of employment. compared with his peers who voluntarily retir
    15·1 answer
  • Ending cash balance is shown on which of the following financial statements?
    10·2 answers
  • Elaborate on the meaning of lobbying and networking​
    7·1 answer
  • Students who enjoyed solving a puzzle were rewarded for doing so. Later, they played less with the puzzle than did their counter
    8·1 answer
  • condominiums usually require a monthly fee for various services. at $320 a month, how much would a homeowner pay over a period o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!