Answer: Non-Operating revenues
Explanation:
Such an activity will be recorded as a non-operating revenue in a proprietary fund in the university as these funds record revenues and expenses and will differentiate between operating revenues and non-operating revenues.
This is a nonoperating revenue as it is considered a nonexchange transaction where a government department or agency gives resources to another department or agency and mandates that they do something specific with it without expecting anything equal in return.
Answer:
The correct answer is: It allows economists to isolate or focus attention on selected variables.
Explanation:
The word ceteris paribus means other things being constant. The working of an economy is very complex, each variable is affected by a number of variables. It is difficult to understand all the complex relationships at the same time.
The assumption of ceteris paribus or other factors being constant helps the economists in isolating the variables that they want to study while keeping others constant.
It simplifies the study of economic models and helps to easily grasp the working of the economy.
Answer:Skysong journal $
Date
December 2020
Raw material Dr 984,100
Loss on raw material 48,000
Supplier Cr 1,032,100
Narration. recognition of raw materials purchased at agreed value.
2021
Supplier Dr. 1,032,100
Bank Cr. 1,032,100
Narration. Payment for raw materials purchased at agreed value.
Explanation:
The raw materials needs to be paid for at the agreed value not withstand ing the fall in value. However stock are to be recognized at cost or net realisable value which ever is less and since the market value of the stock has dropped this has to be recognized as a loss in the income statement to avoid the stock been over value.
Answer:
$226,900
Explanation:
Calculation to determine How much cash was provided by operating activities
Using this formula
Operating activities=Net income+Depreciation-Accounts receivable + inventories increased-Prepaid expenses - accounts payable decreased
Let plug in the formula
Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500
Operating activities =$226,900
Therefore The Amount of cash that was provided by operating activities is $226,900
The research and testing costs associated with the new ovens is said to arise from a product-sustaining activity.
Explanation:
Product-sustaining activities are carried out where appropriate to facilitate the production of each product type. Types of design-sustaining practices include product requirements, technical improvements and special testing procedures.
Such costs may be assigned to each commodity but are not proportional to the number of manufactured units or quantities. Organisation-sustaining operations support the overall production cycle of an organisation.
The ventilation and maintenance of the building, the protection of the facility and the administration are examples of safe facilities.
Products are allocated the costs for the operations at a unit level, batch level and component level depending on the consumption of each commodity. Goods are distributed randomly or viewed as time expense for purpose of facility-sustaining operations.
