Are schools officials immune from being sued?

Most economists prefer _____ as the best indicator of current economic performance.

balu736 [363]

Most economists prefer real GDP growth as the best indicator of current economic performance. Real GDP is the gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. The real GDP allows economists to make useful comparisons of a nation's output and services by eliminating the effect of price changes. It is also known as inflation-corrected GDP and constant-price GDP.

6 0

3 years ago

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The City of Willows is preparing its government-wide financial statements from its fund financial statements. The City records D

brilliants [131]

Answer:

The City of Willows

Reconciliation Entries:

Debit Cash $500

Credit Deferred Revenue $500

To record the increase of deferred revenue.

Debit Compensated Absences Expense $150

Credit Compensated Absences Liability $150

To record the increase of compensated absences.

Explanation:

a) Data and Calculations:

Beginning balances:

Deferred Revenue = $3,500

Compensated Absences Liability = $1,000

Increases during the year:

Deferred Revenue = $500

Compensated Absences = $150

Reconciliation Entries:

Cash will increase by $500 and Deferred Revenue will increase by $500

Expenses will increase by $150 and Compensated Absences (Liability) will increase by $150.

4 0

3 years ago

The amount of the average investment for a proposed investment of $191,000 in a fixed asset with a useful life of 4 years, strai

sineoko [7]

$30300
Annual depreciation = (purchase price - salvage value) / useful life
Straight line depreciation = Annual depreciation / (purchase price -salvage value)
The steps in calculating a straight line depreciation are:
Find out how much the asset costs.
To determine the entire depreciable amount, deduct the asset's estimated salvage value from the asset's purchase price.
Find out how long the item will be useful.
To calculate the annual depreciation amount, multiply the total from steps (2) and (3) by the figure determined in steps (3).
i.e, = $191000-$30300 = $160700
an asset with a useful life of 4 =$160700/4 =$40 175
so the straight-line depreciation rate is at 4.7%
In 4 years Straightline depreciation will be $30300
To learn more about Straight line depreciation please refer to-
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6 0

2 years ago

Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticip

torisob [31]

Answer:

Bambino Sporting Goods

a. March April May June

Ending Inventory 5,000 6,000 2,000 0

b. Monthly financing cost = $540

Total for the four months = $2,160

Explanation:

a) Data and Calculations:

March April May June

Beginning Inventory 0 5,000 6,000 2,000

Production 9,000 9,000 9,000 9,000

Monthly sales 4,000 8,000 13,000 11,000

Ending Inventory 5,000 6,000 2,000 0

Cost of inventory = $12 per unit

Monthly financing cost = $540 ($108,000 * 6% * 1/12)

Total financing cost for the four months = $2,160 ($540 * 4)

7 0

3 years ago

On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On Mar

saveliy_v [14]

Answer:

b. Net Income

e. Cash from Investing Activities

Explanation:

Calculation to determine Which of the following items would be increased by the sale of the marketable securities

Using this formula

Gain from investment = Selling price of the security - Value of the security

Let plug in the formula

Gain from investment= $93,000 - $85,000

Gain from investment= $8,000

Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.

Therefore the items that would be increased by the sale of the marketable securities are :

b. Net Income

e. Cash from Investing Activities

4 0

3 years ago