Answer:
Federal reimbursements are not part of the revenue cycle, the problem lies in revenue.
The problem lies in revenue so its possible that charges are not being generated.
Explanation:
Federal reimbursements are not revenue. These reimbursements are treated separately other than revenue. The charges are not generated because federal funds are not part of revenue cycle.
Answer:
The statements that are correct about money are
(1) With the use of money, double coincidence of wants is not necessary in an exchange.
(2) With the use of money, the cost of looking for trading partners can be lowered.
Option: (A)
Explanation:
The concept of using money having a predefined value emerged from the idea of how convenient it would be to have a common commodity of exchange that could be used in exchange for anything and everything offered for sale. After the barter system eventually came to an end, the process of determining monetary values of commodities of day to day use began and inveterated gradually. As the prevalence of the use of common money grew, the necessity of double coincidence of wants ended soon. People who wanted to exchange wheat for maize no longer had to wait to come across someone who wanted to exchange maize for wheat.
With the introduction of money and an increase in its use, the time and efforts required to find a partner to trade with decreased dramatically. This made transactions more convenient and affordable and more people began to involve themselves in trading activities. The use of money not only dispensed ease of doing business but also helped in establishing faith and reliability among trading partners.
Answer:
26.923%
Explanation:
Return on Investment
Center B
return 525,000
investment 1,950,000
ROI 525,000 / 1,950,000 = 0,26923076923 = 26.923%
Is metric is used to determinatethe efficiency of the assets. It compares the generated amount with the investment account.
The investment yields 26.923% of the principal
<span>When you are buying a car, the advance esteem depends on the whole cost of the car, less your up front installment and exchange esteem. With the auto rent, you just pay the contrast between the auto's cost and what it's required to be worth toward the finish of the rent, which is known as its remaining quality.</span>
Answer:
2021= $0 gain/loss
2022= $3,500 gain
Explanation:
S and L financial buys and sells securities
On December 27, 2021 S&L purchased coca-cola bonds at par for $965,000
The bonds were sold for $968,500 at January 3 2022
At December 31, the bonds had a fair value of $960,000
Since the amount of fair value has reduced greatly below the value at which it was bought on December 31 then, this implies that there will be no gain/loss that will be recognised in the earnings
Therefore,
The Pretax amount that S&L include in its net income as a result of this investment in 2021 is
= $0 gain/loss in earnings
The pretax amount that S&L include in its net income as a result in this investment in 2022 is
= $968,500-$965,000
= $3,500 gain
