Writing a check on an account with insufficient funds is allowed under certain conditions.

Which of the following statements refers to rent seeking? "There is an opportunity cost whenever the federal government spends t

puteri [66]

<u>Answer:</u>

<u><em>Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws</em></u>

<u>Explanation</u>:

When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.

Implying they seek shelter under this laws that benefit them the most.

For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.

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2 years ago

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Which financial statements are required for proprietary funds?a) Statement of Net Position; Statement of Revenues, Expenses, and

Cerrena [4.2K]

Answer:

c) Statement of Net Position; Statement of revenues, expenditures, and changes in fund balances; Statement of Cash Flows

Explanation:

Proprietry funds are accounts that are part of governmental institutions and non profits organizations and these require a high standard of transparency and accountability, so they are require to provide to the government the next statements: tatement of net assets; a statement of revenues, expenses, and changes in fund net assets; and a statement of cash flows.

This is accordingly to the summary of statements N. 34 from the Governmental Accounting Standards Board.

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2 years ago

Increased government spending for investments such as highways or harbors financed by increasing the public debt would most like

zavuch27 [327]

Answer:

Complement private investment

Explanation:

7 0

2 years ago

3.10 What will be the amount accumulated by each of these present investments? (a) $5,000 in 5 years at 7% compounded annually.

Ostrovityanka [42]

Answer:

1) FV =7012.76

2) FV =26408

3) FV ==61565.31

4) FV =18416.24

Explanation:

The formula used for calculation of future value for given present investment is given as

FV = PV ( 1 + I )ⁿ

1) for PV = 5000, n = 5 year, I = 7%

FV = 5000*(1.07)^5

FV =7012.76

2) for PV = 7200, n = 15 year, I = 9%

FV= 7250*(1.09)^15

FV =26408

3) for PV = 9000, n = 33 year, I = 6%

FV= 9000*(1.06)^33

FV ==61565.31

4) for PV = 12000, n = 8 year, I = 5.5%

FV = 12000*(1.055)^8

FV =18416.24

6 0

2 years ago

Layton Company purchased tool sharpening equipment on October 1, 2012, for $108,000. The equipment was expected to have a useful

dusya [7]

The amount of depreciation expense for the years ended December 31, 2012, 2013, 2014, and 2015, for Layton Company is determined as follows:

<h3>(a) the straight-line method:</h3>

2012: $33,600

2013: $33,600

2014: $33,600

2015: $0

<h3>(b) the units-of-output method:</h3>

2012: $11,340 (1,350 x $8.40)

2013: $35,280 (4,200 x $8.40)

2014: $30,660 (3,650 x $8.40)

2015: $23,520 (2,800 x $8.40)

<h3>(c) the double-declining-balance method:</h3>

2012: $71,993 ($108,000 x 0.6666)

2013: $24,002 ($36,007 x 0.6666)

2014: $4,805 ($12,005 - 7,200))

2015: $0

<h3>Data and Calculations:</h3>

Cost of equipment = $108,000

Useful life = 3 years

Operating hours = 12,000

Residual value = $7,200

Depreciable amount = $100,800 ($108,000 - $7,200)

Straight-line depreciation rate = $33,600 per year ($100,800/3)

Units-of-output method rate = $8.40 per hour ($100,800/12,000)

Double-declining-balance method rate = 66.6666 (100/3)

Thus, the depreciation expenses for the years ended December 31, 2012, 2013, 2014, and 2015, for Layton Company have been determined using (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method.

Learn more depreciation methods at brainly.com/question/17102168

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1 year ago