1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GREYUIT [131]
2 years ago
5

A city assesses property owners $50 million to extend sewer lines to their neighborhood. By year-end, however, it has not begun

construction of the new lines and has not collected any of the assessments. It accounts for its wastewater services in an enterprise fund. What should the government do in its year-end enterprise fund financial statements:
Business
1 answer:
serg [7]2 years ago
4 0

Answer:

Recognize the assessments as assessments receivable and revenue.

Explanation:

Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.

This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.

But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.

You might be interested in
ring its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Year Net Income D
miv72 [106K]

Answer: See explanation

Explanation:

The retained earnings will be calculated as:

= Begining retainers earnings + Net income - Dividend.

Year 1:

Retained earning = 0 + 2000 - 1700

= 300.

Year 2:

Retained earning = 300 + 2600 - 1600

= 1300

Year 3:

Retained earning = 1300 + 2600 - 2200

= 1700

Year 4:

Retained earning = 1700 + 5900 - 2900

= 4700

Year 5:

Retained earning = 4700 + 8800 - 3100

= 10400

3 0
3 years ago
What is the principle of quality? What is the principle of quantity? Give an example in which a physical activity professional w
QveST [7]

Answer:

The principle of quality states that the experiences that engage us in the most critical components of an activity are most likely to increase our capacity to perform that activity. Critical components are the elements of an activity that are most important for performing it at a high level. To be really good at an activity, you must focus on what factor you need most and improve that area.The principle of quantity states that when all other factors are equal, increasing the frequency of our engagement with the critical components of an activity usually  

results in the largest performance improvement in that activity. Generally, the performer whose experiences have engaged her most often in the critical components of an activity usually becomes the most competent in that activity.A physical activity professional asked to create a plan to decrease the time in a marathoner’s performance would begin by conducting a analysis. The critical components in this activity relate to physical performance capacity more than skill.  

Explanation:

4 0
3 years ago
Common stock can have which of the following characteristics? It can be:_____.
REY [17]

Answer:

d. shareholder voting rights

Explanation:

Cumulative is characteristic of preferred stock, in that dividend not paid in a year is carried forward and to be paid in the future.

When the  preferred stock is non-cumulative, the dividend not paid in a year is forfeited.

Preferred stock or debenture can be convertible into a known number of common stock in the future.

The characteristic of common stock is that it entitles its holders to vote on certain major decisions.

4 0
3 years ago
You are the purchasing manager and you buy a raw material having the following information: Annual demand = 900 units Fixed orde
alex41 [277]

Answer:

=2983.25

Explanation:

In calculating the inventory on raw materials you will have to Add together the original value of raw materials, the works in progress if any and finished goods to get starting total inventory.

The solution to the question can be calculated like this:

EOQ=\sqrt{2* 900 * 100/2.5}

EOQ=268.328

EOQ+SAFETY STOCK=268.328+30

=298.325

VALUE=298.325*10

=2983.25

7 0
3 years ago
You have decided that you want to attend a costume party as Black Panther. You estimate that it will cost $40 to assemble your c
Agata [3.3K]

Answer:

$25

Explanation:

Based on the information given if it was estimated that it will cost the amount of $40 in order to assemble the costume which means that After spending the amount of $40 on the costume and you realize that the additional pieces that you will need will still cost extra amount of $25 , that simply means that the MARGINAL COST of you completing the costume will be the extra amount of $25 .

4 0
2 years ago
Other questions:
  • Incident management includes five key areas that occur and overlap during more than one phase or time period of an incident. the
    14·1 answer
  • Suppose First National Bank holds ​$100 million in assets with an average duration of 3 ​years, and it holds ​$90 million in lia
    15·1 answer
  • Ultimate Sportswear has $100,000 of 8 noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has
    6·1 answer
  • This clause found in a mortgage ensures that the borrower will maintain clear title on the property in the event the bank is for
    15·1 answer
  • The value of the best alternative activity that is forgone is known as the:a.marginal cost.b.marginal benefit.c.explicit cost.d.
    8·1 answer
  • Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant jus
    10·1 answer
  • Suppose DeGraw Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 130.5 million yen
    10·1 answer
  • The balanced scorecard is a unique system of performance measures in that it: (Check all that apply.) Multiple select question.
    15·1 answer
  • The physical units method of joint cost allocation allocates costs based on a.the estimated selling price of the various finishe
    11·1 answer
  • Partners Dennis and Lilly have decided to liquidate their business. The following information is available:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!