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egoroff_w [7]
3 years ago
12

A government's Statement of Revenues, Expenditures, and Changes in Fund Balances reflected expenditures for debt service in the

amount of $12,000,000, including $7,000,000 for interest. It also reflected proceeds of bonds in the amount of $4,000,000. No interest accruals were involved. When moving from the changes in fund balances reported for the governmental funds to the change in Net Position for governmental activities, the net change would be:
A) $3,000,000 decrease
B) $1,000,000 decrease
C) $3,000,000 increase
D) $1,000,000 increaseA government's Statement of Revenues, Expenditures, and Changes in Fund Balances reflected expenditures for debt service in the amount of $12,000,000, including $7,000,000 for interest. It also reflected proceeds of bonds in the amount of $4,000,000. No interest accruals were involved. When moving from the changes in fund balances reported for the governmental funds to the change in Net Position for governmental activities, the net change would be:
A) $3,000,000 decrease
B) $1,000,000 decrease
C) $3,000,000 increase
D) $1,000,000 increase
Business
1 answer:
Westkost [7]3 years ago
3 0

Answer:

D) $1,000,000 increase

Explanation:

The computation of the change in net position would be shown below:

= Expenditures for debt service - Interest - proceeds of bonds

= $12,000,000 - $7,000,000 - $4,000,000

= $1,000,000

As the interest and the proceeds of bond is already included in the expenditure for debt service, so for accurate amount, we have to deduct these two items. Since the expenditure for debt increase is more than the total of other items, so it would increase in net position

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Kristen Lu purchased a used automobile for $10,100 at the beginning of last year and incurred the following operating costs: Dep
densk [106]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Kristen Lu purchased a used automobile for $10,100 at the beginning of last year and incurred the following operating costs: Depreciation ($10,100 ÷ 5 years) $ 2,020 Insurance $ 1,100 Garage rent $ 600 Automobile tax and license $ 280 Variable operating cost $ 0.14 per mile

1) 10,000 miles

Insurance= 1,100

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Total= $3,380

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3 0
3 years ago
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natali 33 [55]

Answer:

E.

Explanation:

The information system is very important in business processes because help managers in efficient decision making to achieve the organizational goals.

An organization will be able to survive and thrive in a highly competitive enviroment on the strength of a well desing information system.

Helps in making right decisions at the right time, or just in time. A good information system may be utilized by managers in unusual situations.

It is viewed as a process, it can be integrated to formulate a strategy of action or operation.

8 0
3 years ago
Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication and Assembly. Dat
Wittaler [7]

Answer:

Estimated manufacturing overhead rate= $3 per machine hour

Explanation:

Giving the following information:

Machine Hours Per Unit:

Rings= 6 (1,000 units)

Dings= 11 (2,040 units)

All of the machine hours take place in the Fabrication Department, which has an estimated total factory overhead of $85,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 85,200/(6,000 + 11*2,040)= $3 per machine hour

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3 years ago
Sometimes employers discover evidence of employee ___ after someone has sued them for discrimination. Employers may try to use t
EastWind [94]

Answer:

The answers are,

1st Blank - a. harassment

2nd Blank - f. avoid

3rd Blank - e. limit

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Harassment can come in many forms in a n organization, they could be sexual harassment, verbal harassment, power harassment, gender discrimination, etc. Legal actions can be taken against an employer for not enforcing necessary requirements to prevent them.

Such lawsuits cannot be avoided by the employers but through legal means they can seek to mitigate or limit the damages they have to pay to the affected employee.

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3 years ago
​in a _____ system, the distinction blurs between input, output, and the interface itself.
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