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Romashka [77]
3 years ago
12

Maintenance, which was about 18 of the total budget less than it spent on administrative personnel. The amount spent on administ

rative personnel was about 18 of the budget more than was spent on public safety. About what part of the budget was left for other expenses?
Business
1 answer:
____ [38]3 years ago
8 0

Answer:

the remaining budget for other expenses = 1/8 of the total budget

Explanation:

Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.

Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.

Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.

If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8

So the remaining budget for other expenses = 1 - 7/8 = 1/8 of the total budget

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The number issued to physicians by the internal revenue service for income tax purposes is known as:
cricket20 [7]
<span>The number issued to physicians by the internal revenue service for income tax purposes is known as: TIN</span>
4 0
3 years ago
Benjamin Fisher, the CEO of a stock brokerage firm, has been accused of insider trading. This is illegal and implies that Benjam
Luda [366]

Answer:

Benjamin Fisher

Insider Trading:

1. The purpose of the meeting is for:

Intensive problem solving.

2. The people that should be invited to attend the meeting should be:

5 or fewer

Explanation:

As the CEO, it is Benjamin's responsibility to call for this meeting between himself and his trusted executives.  Therefore, the number of those attending should be limited to 5 or fewer.  The meeting needs to be an intensive one that must iron out a solution for developing a communication strategy for handling the present situation.

The insider trading accusation can seriously damage the firm's reputation and needs to be handled with despatch.

5 0
3 years ago
On gifts 1 – 10, the gift giver receives a net gain from giving gifts. On gifts 11-20, the gift giver receives a net loss from g
alekssr [168]

Answer:

Following are the solution to the given question:

Explanation:

Its information to respond to this query is not enough. A real income or losses shall get into relation to the gross income received by the donor by providing gifts 1 through 10 or net loss earned by the donor through gifts 11 to 20.

8 0
3 years ago
The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2019.
viktelen [127]

Answer:

Please see below

Explanation:

a. A 5% stock dividend is declared and distributed when the market per share was $39.

Common stock par value($10) 500,000

Retained earning = 50,000 × 5% × 39

= $97,500

Common stock dividend distributed

50,000 × 5% × $10

= $25,000

See attached further explanations.

7 0
3 years ago
Classify each of the following financial statement items based upon the major balance sheet classifications. select a major bala
seropon [69]

Answer:

Prepaid Advertising - Current Asset

Equipment - Property, Plant, and Equipment

Trademarks - Intangible Assets

Salaries and Wages payable - Current Liabilities

Income Tax payable - Current Liabilities

Retained Earnings - Stockholder's Equity

Account Receivable - Current Assets

Land (Held for future use) - Long term Investment

Patents - Intangible Asset

Bonds Payable - Long term Liability

Common Stock - Stockholder's Equity

Accumulated Depreciation -  Property, Plant, and Equipment

Unearned sales revenue - Current Liability

Explanation:

Balance Sheet of a company has different heads under which items are classified according to their nature. The major account heads for classification are Assets, Liabilities and Equity.

Prepaid Advertising and Account receivable are classified as current asset because this is expected to be used within a year.

Equipment is classified as Long term asset under the head, Property, Plant and Equipment. The equipment has estimated useful life more than a year then it is classified as Long term asset.

Trademarks and patents are classified as intangible assets, because they are not physical in nature.

Salaries and Wages payable, Income Tax payable and Unearned sales revenue are classified as Current liabilities. These expenses are due to pay within a year.

Retained Earnings and Common Stock are classified as Stockholders equity. The amount after subtracting all liabilities from total assets is referred to as Stockholder equity.

Accumulated depreciation is deducted from Property, Plant and Assets. This has negative sign and is a contra asset account.

5 0
3 years ago
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