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qwelly [4]
3 years ago
7

The City of Crescent Hill operates a central motor pool as an internal service fund for the benefit of the city’s other funds an

d departments. In the current year, this fund billed the Parks Department $30,000 for vehicle rentals. If the Parks Department is a governmental fund, which account should the Parks Department use to record these billings?A. Interfund Transfer InB. Interfind exchangesC. ExpendituresD. Cost of rentals from other funds and units
Business
1 answer:
poizon [28]3 years ago
7 0

Answer: Option C

Explanation: In simple words, expenditures refers to the outflow of resources by an organisation for creating some service or good.

   In the given case, the fund operated by the city of crescent billed them $30,000 and this outflow of money is made with the objective of providing support to the other departments.

Hence from the above we can conclude that this is an expenditure.

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One of the necessary steps in the financial planning process is a forecast of financial statements under each alternative versio
Natalija [7]

Answer:

A) True

Explanation:

When you are elaborating a financial plan your ultimate goal is to determine in what projects or activities should your company invest its resources. In order to decide which alternative better suits your company, you must be able to compare how your company will be affected by the different options available. The only way to compare this is by forecasting different financial statements for every possible alternative that your company might choose.

6 0
3 years ago
When the economy slips into a recession, normally the demand for bonds ________, the supply of bonds ________, and the interest
Leno4ka [110]

Answer:

b. decreases; decreases; falls.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Recession can be defined as a period of economic meltdown, in which there's a general decline in all economic activities such as trade.

Hence, when the economy slips into a recession, normally the demand for bonds decreases, the supply of bonds decreases, and the interest rate falls, ceteris paribus (everything else held constant).

5 0
3 years ago
Which best describes the difference between simple and compound interest
MA_775_DIABLO [31]

Answer:

Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.  Ask for details.

Explanation:

4 0
3 years ago
Read 2 more answers
Making formal statements, engaging in rites and rituals, utilizing employee training and coaching, demonstrating how a leader re
yuradex [85]

Answer:

The correct answer is Effect Corporate Change

Explanation:

Corporate change arises not only from the change in hierarchical structure, but from the beliefs, culture and values ​​by which one company can be recognized against others. And this change is mainly due to the treatment and the possibilities they offer in personal growth from the highest ranking boss to the person with the lowest level of authority. These actions allow a better development in the market, since they have updated competences that allow them to head towards the market effectively.

5 0
3 years ago
Read 2 more answers
​Computers's Merchandise Inventory account at​ year-end is showing a balance of $ 43 comma 000. The physical count of inventory
Talja [164]

Explanation:

The journal entry is shown below:

Cost of goods sold Dr $1,400

        To Merchandise inventory $1,400

(Being the inventory shrinkage is recorded)

It is computed below:

= $43,000 - $41,600

= $1,400

For recording this given journal entry, we debited the cost of goods sold and credited the merchandise inventory.

8 0
3 years ago
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