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loris [4]
3 years ago
5

A government's comprehensive annual financial report (CAFR) is divided into three main sections. The statements, schedules, tabl

es, and other types of data that follow are found in the annual report of a typical municipality. For each of these items indicate whether it would be found in the: • Introductory section • Financial section • Statistical section If the item would be found in the financial section, then specify whether it would be included in: • The management's discussion and analysis (MD&A) • The basic financial statements • Required supplementary information other than the MD&A • Combining statements and schedules
1. A balance sheet of nonmajor special revenue funds
2. A certificate of achievement for excellence in financial reporting
3. Data on general revenues, by source, for the past 10 years
4. The letter of transmittal
5. The MD&A
6. A government-wide statement of activities
7. The total unfunded actuarial liability of its pension plan for the past three years
8. Data on property tax collections for the past 10 years
9. A statement of revenues, expenses, and changes in net assets for the city's utility fund (one of two major fund proprietary funds)
10. A statement comparing budgeted and actual revenues and expenditures for a special revenue fund
11. A statement of cash flows for a nonmajor enterprise fund

Business
1 answer:
Savatey [412]3 years ago
3 0

Answer:

Step wise detailed solution is given in the attached diagram

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The balance of account receivable for year 2 is increase from the balance of year 1.

Explanation:

The balance of account receivable for year 2 is increase from the balance of year 1. This means the thee are more credit sales and less receipts from the customers in year 2 as compared to Year 1. Credit sales increases the account receivable balance but it should be settlement in the form of receipts from the customers.  

6 0
3 years ago
An investor pays $900 for a bond with a principal value of $1,000 and a coupon rate of 8%. How much in annual interest will the
solmaris [256]

Answer:

Annual Interest = $80

Interest rate = 8.89%

Explanation:

The investor pays discounted price for this bond.

We know, Annual Interest = Coupon payment/Market value

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Therefore, the annual interest rate = $80/$900

Annual Interest rate = 8.89%

Note that, coupon payment is the annual interest rate.

5 0
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When comparing the GDP of different countries, two issues immediately arise - currency and population differences. How does one
kykrilka [37]

Answer: Currency is converted to common currency, GDP is divide by population and compare GDP per Capita

Explanation:

GDP is measured in a countries currency. When Comparing a GDP of one country to the GDP of another country currency is converted into a common currency. Currency can be converted using exchange rate. the GDP of one country will then be expressed in the currency of another country using the exchange rate.

Some countries have a high number of population than others, for example China has more people than Mexico. therefore measure GDP and The standard of living between countries GDP will need to be divided by population which will give us GDP per capita which measures the standard of living by showing the GDP per person

7 0
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When using hootsuite's bulk scheduling feature, all messages must be scheduled at least _________ ahead of when you plan to impo
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When using hootsuite's bulk scheduling feature, all messages must be scheduled at least <u>"10 minutes"</u> ahead of when you plan to import the csv file into hootsuite.



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Once the .csv record is open, start including your information.  

In the main section, input the date in MONTH, DAY, YEAR or DAY, MONTH, YEAR arrange, trailed when you need the message to be distributed.  

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4 0
3 years ago
You are contemplating adding direct selling activities to your existing bricks-and-mortar retail business to increase sales. You
Ksivusya [100]

Answer:

It may be more expensive and time-consuming than using an intermediary

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Direct selling makes it hard to reach new customers and also entails spending an extensive time in trying to convince prospective customers before sales is made. Sadly, in some situations, some prospects do not buy in on the intended product and thus, no sale is made and time wasted.

8 0
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