All categories

3 years ago

The financial statements of an Enterprise fund are prepared using the :_______

Business

1 answer:

IRISSAK [1]3 years ago

4 0

Answer:

Accrual Method

Explanation:

I’m not sure if this is what this question is referring to or not, but the Enterprise fund uses the accrual method.

You might be interested in

Last year Carson Industries issued a 10-year, 14% semiannual coupon bond at its par value of $1,000. Currently, the bond can be

Alex_Xolod [135]

Answer and Explanation:

The computation is shown below:

For nominal yield to maturity

Given that

NPER = 9 × 2 = 18

PMt = $1,000 ×14% ÷ 2 = $70

PV = -$1,300

FV = $1,000

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the yield to maturity is 9.05%

For nominal yield to call

Given that

NPER = 6 × 2 = 18

PMt = $1,000 ×14% ÷ 2 = $70

PV = -$1,300

FV = $1,060

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the yield to call is 8.34%

As the yield to maturity is more than the yield to call so the bond would be likely to called

3 0

3 years ago

A revenue management (RM) system for an airline seeks to minimize each customer's ticket price of travel on the airline's flight

nikdorinn [45]

Answer: False

Explanation:

The given statement is false that the revenue management method are used for the purpose of reducing the airline tickets of the customers as the RM system is majorly designed for the purpose of allocating the seats in the flight on the basis of their fares.

The main objective of the revenue management is to maximum the profit by optimizing the inventory according to the customer requirement.

According to the given question, the RM system is not used for minimize the customer's Arline tickets so the given statement is false.

7 0

4 years ago

TMC, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that TMC purchased Red River Chips Company for

ad-work [718]

Answer:

a. $4.4 million

Explanation:

a. For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = The market value of Red River Chips' assets - the market value of liabilities

= $7 million - $6.2 million

= $0.8 million

And, the purchase value of Red River Chips for cash is $5.2 million

So, the goodwill would be

= $5.2 million - $0.8 million

= $4.4 million

b. Goodwill is an intangible asset that is recorded in the asset side of the balance sheet. It is used for impairment tests annually. Since the fair value is less than the carrying value so the journal entry would be

Loss on impairment A/c Dr XXXXX

To Goodwill A/c XXXXX

(Being loss on impairment is recorded)

6 0

4 years ago

The S&P 500 has been increasing steadily over the last several months. What does this signal about how investors view future

SVEN [57.7K]

Answer: Investors believe future profits will be higher than previously expected.

Explanation:

If the S&P 500 has been rising, this means that investors are buying more shares in the companies in the index.

This means that these investors believe that the profits to come to these companies is going to be higher than expected. If the profits are expected to be the same as previously thought then there would be little increase in stock prices because the relevant increases would have already occurred.

6 0

3 years ago

Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics

Lera25 [3.4K]

The answer is A,C,E, and f

5 0

4 years ago