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raketka [301]
3 years ago
6

The General Fund of the City of Davis Fort has a total fund balance of $1,500,000 as of its fiscal year-end, December 31, 2019.

Please review the following additional information regarding its General Fund activities and determine how much fund balance should be classified as nonspendable, restricted, committed, assigned, and unassigned. Show the calculations necessary for making the fund balance determinations.
a. The balance sheet of the City of Davis Fort showed $200,000 of inventory on December 31, 2019.
b. The highest level of decision making authority for the city (the city council) passed an ordinance that any royalty payments received from oil production on city property must be used for city park maintenance. At year-end, the city had not spent $150,000 of the oil royalty proceeds that it had received.
Business
1 answer:
Yakvenalex [24]3 years ago
7 0

Answer:

attached below

Explanation:

Total fund Balance = $1500000  as at December 31 2019

A) Balance sheet of city of Davis fort = $200000 as at December 31 2019

B) unused royalty = $150000

 Non spendable fund = Inventories

 Committed fund = unused Royalty payments

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reward system; culture

Explanation:

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  • Many researchers and practitioners have observed the interdependence between organizational culture and reward systems. The reward system develops from the cultural changes that take place in the everyday events of organizational life.
6 0
3 years ago
How will an increase in the percentage of older Americans affect the healthcare field
denis-greek [22]
In Economic theory, we learn that generally, the more older people there are, there is an increase in the demand of healthcare. As a result, the increase in demand for healthcare may increase prices and cause a higher demand for doctors and nurses.
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3 years ago
The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going t
OleMash [197]

Answer:

B. Conflict between professionalism and commercialism

Explanation:

The conflict between professionalism and commercialism speaks to the debate on satisfying the management of an organisation as an auditor in order to meet economic situations and the need to be professionally independent of management in order to make a true and fair statement of the state of the organisation available to the shareholders as well as potential investors and the general public.

Because the management of an organisation runs the day to day affairs of that organisation, the Auditor in performing his duty interacts more with management and as such, the security of his future engagements may depend on favourable opinions of the management. This is commercialism

However, professionalism dictates that ethically, irrespective of the position of the management of an organisation, an auditor should always report the true and fair state of the business.

This represents the conflict expressed by Lynn Turner.

4 0
3 years ago
Technically, a supply chain stretches from raw materials and parts all the way to customer delivery.
Debora [2.8K]

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The statement is true.

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Interconnected, interrelated, or interlinked networks, channels, and node corporations integrate inside the provision of products and services required via quit clients in a supply chain.

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<em>Your question is incomplete. Please read below to find the missing content.</em>

Technically, a supply chain stretches from raw materials and parts all the way to customer delivery.​

a. True

b. False

Learn more about Supply chain management here: brainly.com/question/25160870

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5 0
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An investment that is readily convertible to a known amount of cash and that is sufficiently close to its maturity date so that
yuradex [85]

Answer:

d. Cash equivalent.

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