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musickatia [10]
3 years ago
13

True False 1. Capital projects funds account for proceeds of specific revenue sources that are legally required to be spent for

specified purposes. 2. Utility bill payments are recognized in a proprietary fund. 3. The economic resources measurement focus is used to report the government-wide financial statements. 4. Capital assets and long-term liabilities specifically related to proprietary funds activities are accounted for using the modified accrual basis of accounting. 5. Governmental funds are accounted for using the accrual basis of accounting. 6. Government-wide financial statements report general long-term liabilities.
Business
1 answer:
Katena32 [7]3 years ago
7 0

Answer and Explanation:

1. The given statement is false as the specific projects are those projects that are funded for the specific or particular task

2. The given statement is true as the bill payment made for utility would be recorded in a proprietary fund

3. The given statement is true as the measurement of the economic resources would be recognized in the financial statement i.e. government wide

4. The given statement is true as the capital assets and long term liabilities that related to the proprietary find would be accounted under modified accrual basis

5. The given statement is true as for the government funds as well, it used the accrual basis

6. The given statement is true as the financial statement i.e. government wide would recognize the long term liabilities

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The answer is: developed a global web of value creation activities

Explanation:

By developing a web of international suppliers, Lenovo can benefit from lower prices and better quality products. For example, the computers are designed in the US and the microprocessor are also built there. Since costs in the US are higher than those in southern Asia, high quality components are produced there. Other components that are more "common or average" technology can be supplied by manufacturing firms in cheaper countries like Malaysia and Thailand.

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The principal focus of the quality control era was to: Select one: a. replace inspection with more informative process control s
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3 0
3 years ago
Tawney Company is considering investing in a new piece of equipment that costs $700,000 and has a $200,000 residual value. The n
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Answer:

average amount invested in the asset =  $450,000

Explanation:

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equipment costs = $700,000

residual value = $200,000

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average amount invested in the asset

solution

we get here Average amount invested  that is express as

average amount invested in the asset = ( Amount invested + Residual value) ÷  2     ........................1

put here value we get

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7 0
4 years ago
Suppose the marginal propensity to consume is 0.8 and the government cuts taxes by $40 billion. real gdp will _____ by _____.
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If the government cuts taxes by $40 billion, this puts more money in consumers' pockets. Given an MPC of 0.8, this means they will spend $32 billion

Evaluating :

(0.8 × $40 = $32).

The correct answer is an increase of $32 billion.

GDP:

Gross domestic product (GDP) is a measure of the final goods and services produced with a specific region over a specified period of time. It is computed as follows:

GDP = Consumption + Government Spend + Investment + Net Exports

What is Marginal Propensity to Consume (MPC)?

Marginal propensity to consume (MPC) is measured as the portion of an increase in pay that a consumer would spend on goods and services as opposed to saving. Essentially, it is measuring how sensitive consumption in an economy is to increases in income. MPC is important in economics because it illustrates the effect that increased government spending has on the economy.

Learn more about Marginal propensity :

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8 0
2 years ago
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