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daser333 [38]
3 years ago
6

A state government reported a $9,000 increase in net position in the motor pool internal service fund, a $12,000 increase in net

position in the water enterprise fund, and a $7,000 increase in the employee pension fund. The motor pool internal service fund provides service primarily to the police department. What amount should the city report as the change in net position for business-type activities in its statement of activities?
Business
1 answer:
Anastaziya [24]3 years ago
8 0

Answer: $12,000

Explanation:

Only the $12,000 will be reported in Statement of Activities ( the financial statement used to report revenues and expenses for governmental and business-type activities) as a change in net position for business-type activities.

Why?

The Water Entreprise Fund is the only listed fund type listed that would fall under BUSINESS TYPE because it is an ENTREPRISE Fund. The Motor Pool Internal Service falls under GOVERNMENT ACTIVITIES and the Pension Find is only displayed in the Fund Financial Statements.

Because the Water Entreprise Fund is the only fund here concerned with BUSINESS TYPE activities, it's rise by $12,000 is what will be reported as the Net Change.

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In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed
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Answer: disaffirm

Explanation:

most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.

It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

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After an unsuccessful attempt to train her puppy one morning, Sharon, the office manager, scolds her assistant when she arrives
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2 years ago
Countries with free market economies in which property rights are protected tend to have _____ than command economies or economi
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4 0
3 years ago
Bonnie has decided to begin a retirement savings program where she will contribute to an account that will accumulate tax free t
ahrayia [7]

Answer:

This question is incomplete since the interest rate is not included and so is the requirement.  However, if it asking for the annual contributions Bonnie can make, you can calculate it as shown below and assuming a discount rate of 10%;

Explanation:

Since Bonnie's goal is $300,000, this will be the future value and you can use a financial calculator to solve for recurring deposits (PMT);

Time to retirement; N = 12

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8 0
3 years ago
__________ is an example of a capability that is based in the functional area of distribution. Group of answer choices Effective
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<u>Effective use of logistics management techniques</u> is an example of a capability that is based in the functional area of distribution.

<u>Option: C</u>

<u>Explanation:</u>

An aspect of supply chain management that is utilized to fulfill consumer expectations by planning, monitoring and enforcing the efficient transportation and storage of relevant information, goods and services from source to destination, thus understood as a logistic management.

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