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2 years ago

Do you think expenditure on road building and maintenance is an on-budget or off-budget expenditure?

1 answer:

8 0

Assuming that you're talking about the Federal's budget, road building and maintenance is an On-Budget expenditure

On-budget expenditures are those that included in regular annual budget,

meanwhile off-budget expenditures are those that included in regular annual budget

Maintaining public utilities to ensure people's safety is included on annual budget

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Automobiles are often leased, and there are several terms unique to auto leases. Suppose you are considering leasing a car. The

kotegsom [21]

Answer:

a. 6.36%

b. $378.02

Explanation:

a. The computation of Annual percentage rate is shown below:-

Annual percentage rate = Lease factor × 2,400

= 0.00265 × 2,400

= 6.36%

b. For computation of monthly lease payment first we need to find out the depreciation charge, finance charge and tax which is shown below:-

Depreciation charge = (Base cost + Other cost - Down payment - Residual value) ÷ Number of lease payment

= ($27,600 + $1,050 - $3,000 - $17,000) ÷ 36

= $8,650 ÷ 36

= $240.27

Finance charge = (Base cost + Other cost - Down payment - Residual value) × Lease factor

= ($27,600 + $1,050 - $3,000 - $17,000) × 0.00265

= $42,650 × 0.00265

= $113.0225

now,

Tax = (Depreciation charge + Finance charge) × Tax rate

= ($240.27 + $113.0225) × 7%

= $353.2925 × 7%

= $24.73

Monthly Lease payment = Depreciation charge + Finance charge + Tax

= $240.27 + $113.0225 + $24.73

= $378.02

3 0

2 years ago

What was the result of developed countries extracting resources from their colonies?

saul85 [17]

Answer: D. There was a one-way flow of wealth favoring the colonizers.

Explanation:

With the Colonists simply taking resources and not paying the colonies for it, there was a one way flow of wealth which favored them alone. Had the colonists paid for the goods and then processed them for resale (as developed countries do now), there would have been at least some sort of wealth flowing back to the colonies for the resources they possessed. The Colonists were essentially not paying for raw material inputs for production and simply reaped all the benefits after processing.

5 0

2 years ago

Read 2 more answers

You own a large company and would like to issue bonds for $12 million to pay for the construction of a new manufacturing facilit

mars1129 [50]

Answer:

Find a bondholder or purchaser.

Explanation:

A bond issuer is someone who borrows money, in this example, my company.

In order to being able to financiate the construction of a new manufacturing facility for my company, I would have to find a bondholder (or some ofthem) that would lend me all the money, with its pertinent clauses.

I would have to fill those clauses, perhaps its money returning timeline, some finantial records, etc.

3 0

3 years ago

Grum Corp., a publicly owned corporation, is subject to the requirements for segment reporting.

Orlov [11]

Answer:

Option (d) $5,000,000

Explanation:

Data provided in the question:

Reported revenues = $50,000,000

Operating expenses = $47,000,000

Net income = $3,000,000

Payroll costs included in the operating expenses = $15,000,000

Combined identifiable assets of all industry segments = $40,000,000

Now,

If the revenue derived from sales to any single customer is 10% or more of the revenue of an enterprise then the amount of revenue from each customer shall be disclosed.

Therefore,

Grum should disclose major customer data if

sales to any single customer amount at least = 10% of Reported revenues

= 10% of $50,000,000

= $5,000,000

Option (d) $5,000,000

7 0

3 years ago

Deere is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the fo

Sveta_85 [38]

Answer:

5.95

Explanation:

Deere inventory turnover for 2017 ratio is:

Formula for Inventory Turnover Ratio= Cost of Goods sold / Average Inventory

Where Average Inventory = (Previous Inventory + Current Inventory) / 2

= ($2,267 + $2,999) / 2

=$5,266 / 2

=$2,633

Average Inventory = $2,633

Therefore, Inventory Turnover Ratio = $15,661 / $2,633 = 5.9479 = 5.95

Deere Inventory Turnover for 2017 Ratio is 5.95.

7 0

3 years ago