1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
eimsori [14]
2 years ago
6

In early April 2020, an amendment to the annual budget for 2020 was approved by the city council for inflows and outflows in the

Street Improvement Bond Debt Service Fund related to the bond issue. The debt service fund budget amendment provides for estimated other financing sources of $20,000 for the premium on bonds sold and estimated revenues of $12,500 for accrued interest on bonds sold; and appropriations in the amount of the one interest payment of $25,000 to be made during 2020. (The payment that is due on July 1, 2020.)
Required:
Record the budget for the Street Improvement Bond Debt Service Fund for year 2020.
Business
1 answer:
djverab [1.8K]2 years ago
3 0

Answer:

attached below

Explanation:

Given data :

Year : 2020

estimated other financing sources = $20,000 ( premium on bonds sold )

estimated revenues = $12500 ( accrued interest on bonds sold )

approximations in amount of one interest payment = $25,000 ( to be made during 2020 )

attached below is the Budget for the street improvement Bond debt service fund for year 2020

You might be interested in
Some policymakers have argued that products like​ cigarettes, alcohol, and sweetened soda generate negative externalities in con
White raven [17]

Answer: The correct answers are "decrease" and "decrease".

Explanation: Some policymakers have argued that products like​ cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. All else​ equal, if the government decided to impose a tax on​ soda, the equilibrium quantity of soda would​ <u>decrease</u> and the equilibrium price of soda would​ <u>decrease.</u>

4 0
3 years ago
"Keeping track of securities owners for payment of interest or dividends is usually done by the company's"1. Treasure2. Broker3.
Vilka [71]

Answer:

The correct answer is 3

Explanation:

Transfer agent is the one who plays an important or vital role among the investor and the registrar of the company or business. They are those who closely maintain the account balances of the investor and make sure that the shareholders receive the dividends payment in the timely way.

So, the transfer agents of the company, keep or maintain the track of the securities owners for the payment of dividends or interest.

8 0
3 years ago
Kellogg's has several cereals targeted at different types of users. This is an example of multiple products aimed at multiple ma
AleksAgata [21]

Answer:

The correct answer is number "3": doesn't reduce quality or increase price.

Explanation:

Different groups of people within a market imply different needs and preferences pushing companies to diversify in order to fulfill them. Though, one of the main characteristics of that diversification must be accessibility. Companies expect to gain in sales thanks to the segmentation of the market but not necessarily by increasing the price of the new products being sold or decreasing their quality.

3 0
3 years ago
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its ass
lukranit [14]

Answer and Explanation:

The classification is as follows;

1. Since the wages are to paid for supervising the assembling process so the same is related to the factory operations therefore considered to be the manufacturing overhead cost

2.  The wages paid to the accountant so classified as the administration cost

3. The depreciation is the manufacturing overhead cost as it is the indirect cost.

4.  The rent facility should be classified as the manufacturing overhead cost and distributed as per the cost drivers.

3 0
3 years ago
2020 $254000 overstated $200000 overstated 2021 121000 understated 79500 understated Assume that purchases were recorded correct
Dafna1 [17]

Answer:

$241,500 (Understated)

Explanation:

Calculation for how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022

Retained earnings = $121,000 (Understated) + $200,000 (Understated) - $79,500 (Overstated)

Retained earnings = $241,500 (Understated)

Therefore by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022 will be $241,500 (Understated)

8 0
3 years ago
Other questions:
  • An incomplete life insurance application submitted to an insurer will result in which of these actions
    13·1 answer
  • If small samples can reveal something that large samples might not, why not just take small samples in every situation?
    13·1 answer
  • Homer deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Bart also deposited $3,00
    12·1 answer
  • Southern Foods just paid an annual dividend of $2.10 a share. Management estimates the dividend will increase by 11 percent a ye
    12·1 answer
  • ​A-Plus Appliances sells dishwashers with a​ four-year warranty. In​ 2019, sales revenue for dishwashers is​ $94,000. The compan
    5·1 answer
  • Claire is opening her first savings account with a $200 deposit. Her account pays 0.5% interest compounded monthly. How much wil
    13·1 answer
  • How do you identify the need for the meeting?​
    15·1 answer
  • Situation:
    14·1 answer
  • Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. What is the rate of return on the
    13·1 answer
  • two years ago, you purchased 220 shares of ibm stock for $124 a share. today, you sold your ibm stock for $142 a share. for this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!