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3 years ago

Which of the following type of entities prepares both entity-wide and fund financial statements

Business

1 answer:

Rus_ich [418]3 years ago

5 0

Answer: Both the State and local governments

Explanation: The State and Local Governments prepare both entity wide and fund financial statements.

The entity wide and fund financial statements consist of the statement of net assets and Statement of activities. That is its information is based on the funds the Government has and what the funds are used for.

This is different from the private organisations financial statement as they present every thing necessary about the organisation which includes statement of profit and Loss and Balance sheet.

The State and Local Government do not prepare Profit or loss account as the government funds generally have a short-term perspective.

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"industry incumbents discourage customers to move to new entrants by __________. "

castortr0y [4]

The answer to this question is raising the shifting costs
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4 years ago

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sergij07 [2.7K]

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3 years ago

Classify the following topics as relating to microeconomics or macroeconomics. Topic: Microeconomics or Macroeconomics

goldenfox [79]

Answer: MICROECONOMICS

1.The effect of a change in price of one good on a related good.

MACROECONOMICS

2. The relationship between the inflation rate and the unemployment rate.

3.The effect of government subsidies on the agricultural industry.

Explanation: Microeconomics is a term of the to describe the impact of certain conditions on a single product or service,it doesn't consist of the whole economy or country.

Macroeconomics is a term used to describe the impact of certain conditions on the whole economy or country. Inflation rate, unemployment rate, effects of subsidy in Agriculture etc are all Macroeconomics statistics give better understanding of the economic performance.

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3 years ago

A company's Inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. Its Accounts Payable balance at 12/31/16 was $8

slava [35]

Answer:

3) $704,000

Explanation:

The procedure will be as follow:

Based on the company's inventory we will determinate the purchases.

And then, with the account payable balance, the cash payment

First, purchases amount:

beginning inventory + purchase = ending inventory + COGS

200,000 + purchase = 188,000 + 720,000

purchases = 720,000 + 188,000 - 200,000 = 708,000

Now, we solve for payment to suppliers

begging AP + purchase - payment = ending

80,000 + 708,000 - payment = 84,000

payment = 80,000 + 708,000 - 84,000

payment= 704,000

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3 years ago

Serge stayed at a bed and breakfast in a mountain town. The bed and breakfast provides food and a comfortable

hram777 [196]

for me the best describes the roleof the bed and breakfast is sightseeing

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3 years ago

Read 2 more answers