Answer:
Revenues that are legally restricted for expenditure on specified operating purposes should be accounted for in special revenue funds including
- Pension trust fund revenues
- Endowment where the investment earnings are to be used for public purposes.
- Accumulation of resources for payment of general long-term debt principal and interest.
Explanation:
There are two main reasons for restricting funds legally. It is either for use to accomplish a specific program or to be appropriated at a time in the future.
Pensions are designated to be paid out to the recipients in the future. To achieve these, a certain percentage of their earnings is legally restricted and accounted for in Pension Trust Fund revenues.
Endowment funds is predominant in NGOs where the investment earnings are to be used for public purposes.
Relevant financial institutions can work mutually with a company to accumulate resources for payment of general long-term debt principal and interest.
Answer:
Enrollment in this school will likely be below the equilibrium level.
While the price of tuition has been set at the equilibrium level, and as a result, the demand for tuition is also at the equilibrium level (the demand is the amount of students that want to enroll in university A), the amount of students that will enroll will likely be below equilibrium because the University is using non-pricing mechanisms to restrict demand: minimum GPA and SAT scores.
Answer:
The amount of investment should be $1926.891 approximately
<u>Explanation:</u>
The following formula has been used to calculate the amount of investment
A = P(1+r/100) ^n
where: A = future value
, P = present value
, R = rate of interest
, N = time period
Hence
, applying the formula, we get,
$5500 = P (1+6/100) ^18
Hence P=$5500/ (1.06) ^18
=$1926.891(approx)
Answer:
Price, Speed, Gas type, Quality, and Reliability
Explanation:
