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Evgen [1.6K]
3 years ago
15

As long as a public sector activity will generate benefits regardless of the costs, the activity should definitely be undertaken

.A. TrueB. False
Business
1 answer:
GenaCL600 [577]3 years ago
5 0

Answer:

True

Explanation:

The activity should definitely be undertaken in as much as it generate benefit.  This is because the public sector do not look for the profits, its rather aim at the welfare of the people. So it is important to generate the benefits to the society regardless of the costs. The ultimate aim will be increasing the social welfare.

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Which of the following statements is NOT true concerning the Other Dependent Credit
omeli [17]

Answer:

The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

Explanation:

Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.

8 0
3 years ago
Read 2 more answers
The last custodian of the petty cash fund was hospitalized and you have been asked to take stock of the fund and replenish it. W
Arlecino [84]

Answer:

                               General Journal

Accounts Titles and Explanation          Debit     Credit

Office supplies                                        $295

Advertising expense                               $120

Transportation expense                          $75

<em>Cash short and over                                $11 </em>

Cash ($800 - $299)                                                 $501

(Being replenishment of fund recorded)

5 0
3 years ago
In applying the high-low method, what is the fixed cost? month miles total cost january 80,000 $144,000 february 50,000 120,000
kupik [55]
The high and low levels of activity are 90,000 miles in April and 50,000 miles in February. The costs at these two levels are $195,000 and $120,000, re-spectively. The difference in costs is $75,000 ($195000-120000), and the difference in miles is 40,000 (90000-50000). Therefore, variable cost per unit is $1.875computed as follows.
75000÷40000=1.875

Determine the fixed costs by subtracting the total variable costs at either the high or the low activity level from the total cost at that activity level
Variable cost=1.875×50,000=93,750

fixed cost=120,000−93,750=26,250


5 0
3 years ago
Glenn sells a piece of equipment used in his business for $31,500 during 2019. The equipment was purchased on July 1, 2017, at a
Schach [20]

Answer:

A gain of $16,100

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.

The carrying amount of an asset is the difference between the cost of the asset and the accumulated depreciation of the asset.

Carrying amount

= $22,000 - $6,600

= $15,400

Gain/(loss) on sale of asset

= $31,500 - $15,400

= $16,100

6 0
3 years ago
Riley has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. His
netineya [11]

Answer:

B. I hope i helped!

Explanation:

7 0
2 years ago
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