The Unassigned fund balance is the amount left in the Government's general fund that was not assigned to any undertaking or funds during the year. This balance is as well not restricted or committed to any undertaking.

It will therefore be debited to close off the account at the end of the period not unlike a balance carried down in a ledger account that is used to close off the account and is then sent forward to the next period.

6 0

3 years ago

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,

dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = <u>Annual incremental net operating income</u>

Initial investment

<u />

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000 = $69,000

Therefore, simple rate of return = $69,000 / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

6 0

3 years ago

On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 22,000, $13 par, common sh

Tpy6a [65]

Answer:

(I)

retained earnings 92,400 debit

common stock 28,600 credit

additional paid-in 63,800 credit

(II)

retained earnings 924,000 debit

common stock 286,000 credit

additional paid-in 638,000 credit

(III) no entry required

Explanation:

22,000 x 10% = 2,200 new shares

market price:

2,200 X $42 = 92,400

book value

2,200 x $13 = 28,600

additional paid-in

63,800

100% sotkc dividends:

22,000 x 100% = 22,000 new shares

market price:

22,000 X $42 = 924,000

book value

22,000 x $13 = 286,000

additional paid-in

638,000

the stock split will not change the accounting as the total value fo the equity remains the same.

7 0

4 years ago

What advertising technique focuses on the positive and ignores any negative aspects in the product? Glittering Generalities Weas

3241004551 [841]

The appropriate response is card stacking. It is a promulgation system that tries to control people's view of an issue by underscoring one side and subduing another. Such accentuation might be accomplished through media predisposition or the utilization of uneven tributes, or by jusblue-pencilingng the voices of faultfinders.

4 0

3 years ago