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3 years ago

Can anyone help, please? I give brainliest points

Business

1 answer:

GrogVix [38]3 years ago

5 0

A catchy statement will get their attention more than any of the other options. Hence it’s name, a catchy statement.

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The City of West Hutchison is constructing a new road, which it estimates will cost $7.2 million. The city will finance the road

Mice21 [21]

Answer:

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

Explanation:

1. The Budgetary entry for encumbrance is given as follows :

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

2. The government grant received will be recorded as :

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

3. The Issuance of Bonds needs to be recorded in the journal ledger as :

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

6 0

4 years ago

Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.

antiseptic1488 [7]

The ending inventory of the previous period is the beginning inventory of the current period.

Beginning inventory is the amount of a product. A commercial enterprise has in stock at the start of an accounting length which includes a month or 12 months. due to the fact each accounting length connects to the subsequent, the beginning inventory of one length will be similar to the ending inventory of the previous.

Beginning inventory, or opening inventory, is your inventory cost at the beginning of an accounting duration. For that reason, finishing inventory, or last inventory is the cost of the stock at the top of an accounting duration.

Ending inventory is the value of goods nevertheless available for sale and held via a business enterprise at the end of an accounting length. The dollar amount of ending stock may be calculated by the usage of multiple valuation techniques.

Learn more about Beginning inventory here: brainly.com/question/24868116

#SPJ4

6 0

2 years ago

A firm has sales of $690, EBIT of $300, depreciation of $40, and fixed assets increased by $265. If the firm's tax rate is 40 pe

icang [17]

Answer:

-$45

Explanation:

Given that,

Sales = $690

EBIT = $300

Depreciation = $40

Tax rate = 40%

Fixed assets increased by $265.

Firm's free cash flow:

= Earnings after tax + Depreciation - Capital Expenditure

= [EBIT × (1 - Tax rate)] + $40 - $265

= [$300 × (1 - 0.40)] + $40 - $265

= $180 + $40 - $265

= -$45

Therefore, the firm's free cash flow -$45.

3 0

3 years ago

Ruff, Inc. makes dog food out of chicken and grain. Chicken has 10 grams of protein and 5 grams of fat per ounce, and grain has

il63 [147K]

Answer: Ruff, Inc., should use 0 oz of chicken and 113 oz grain.

Explanation:

Given that,

Chicken:

10 grams of protein

5 grams of fat per ounce

Grain:

2 grams of protein

2 grams of fat per ounce

Chicken costs = 11¢ per ounce

Grain costs = 1¢ per ounce

Let x be chicken and y be grain

Objective is to minimize 11x +y

subject to

10x +2y ≥ 226

5x + 2y ≥ 166

Solving these two equations, we get,

point (1)- (12, 53) and two corner solution

(2)- (0,113)

(3)- (33.2,0)

Price of 1) = 12 × 11 + 53 × 1 = 185

Price of 2) = 0 ×11 + 113 × 1 = 113

Price of 3) = 33.2 × 11 + 0 × 1 = 365.2

Therefore, Ruff, Inc., should use 0 oz of chicken and 113 oz grain.

7 0

3 years ago

URGENT

kotykmax [81]

Just trying to get message unlocked ya feel

6 0

3 years ago

Read 2 more answers