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nalin [4]
3 years ago
10

Maxim County just completed construction of a new town hall to be used for its governmental offices. The employees have moved in

and the new building is officially in use. The county used a capital projects fund to account for the construction of the building, and the building came in under budget. There is a fund balance of $12,000. The county should:a. Transfer the remaining funds to the General Fund to pay operating expenses.b. Transfer the remaining funds to the debt service fund which will be handling the long-term debt incurred for the construction of the building.c. Return the excess to the source of the restricted funding.d. All of the above may be appropriate ways to treat the fund balance.
Business
1 answer:
Svet_ta [14]3 years ago
5 0

Answer:

The answers are:

B) Transfer the remaining funds to the debt service fund which will be handling the long-term debt incurred for the construction of the building.

C) Return the excess to the source of the restricted funding.

Explanation:

The fund balance of $12,000, means that the money left over was $12,000. When a government entity's project has a left over or excess, called surplus, it must first return it to the debt service fund.

At the end of the construction project if any money is left over, it must be returned to the source of the restricted funding.  

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Answer:

Added to Cash Book Balance in Bank Reconciliation Statement

Explanation:

Bank Reconciliation Statement BRS is made to correct for the mismatch between bank balance as per cash book & bank balance as per pas book.

If account has been credited (added) with $30 for interest earned, discovered later i.e not recorded in cash book : The amount has been added in passbook , but not in cashbook.

So, to match the difference : Interest earned but not recorded = $30 will be added to 'Favourable Debit balance as per cash book' , to achieve 'Favourable Credit balance as per pass book' in the BRS.

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3 years ago
Which would you use to estimate the demand for a product at various prices?
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Answer:

A demand chart is a graph which shows the relationship between the quantity demanded of a good or product and the prices which the consumer are willing to pay over a specified period of time. It reveals the law of demand which states that quantity demanded increase as price decreases and vice versa.

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3 years ago
Do you have, or have you ever had test-taking anxiety? What strategies will you use to manage test anxiety?​
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Explanation:

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My anxiety management strategy is to prepare for a test as well as I can in the time allotted, and detach from the outcome. In the case of specific subject matter tests (as opposed to "achievement" tests), a well-made test will be educational, so later questions help answer earlier ones. Paying attention to that possibility also manages test anxiety by letting me go back and correctly answer questions I might have missed.

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One of the most effective techniques for managing test anxiety (beyond a decent level of preparation), is the use of Emotional Freedom Techniques (EFT), also known as "tapping." A few rounds of tapping on specific points on bodily energy meridians can greatly relieve stress and improve test performance. The process takes only minutes to learn and execute, and can be very effective. (Look up articles or videos on EFT Tapping.)

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3 years ago
Xbox video game consoles were developed through a joint venture between Microsoft and the WWE (World Wrestling Entertainment). P
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The Implementation Phase

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A strategic marketing plan is an in-depth marketing plan which specifies the long term marketing strategies, the markets in which the firm shall compete, the target customers and the means to attain marketing goals.

Such a plan incorporates the following phases:

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