After Sandra finishes making her list, she does a bit of research to learn about the different technologies available. She

6. GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists th

zhenek [66]

Answer:

The correct option is D,all of the above

Explanation:

GASB is a short form for Generally Accounting Standards Board, a not-for- profit making accounting standard board in the United States whose objective is to issue generally accounting principles for states and local governments' use

Enterprise fund as the name denotes, is a special fund set aside for trading in essential goods and services which are sold to the general public at a fee(most times subsidized).

According the provisions of GASB,the special fund kept as enterprise fund can be put to any of the three uses highlighted in options A-C,hence option D is the best fit.

7 0

3 years ago

Performance goals are used to

natulia [17]

They are used to measure productivity

6 0

3 years ago

On January 1, 2019, Mark Corporation purchased bonds with a face value of $500,000 for $475,413.60. The bonds are due December 3

Sergio [31]

Answer:

Debt Securities 500,000 debit

cash 475,414 credit

discount on debt Securities 24,586 credit

--to record purchase of bonds--

cash 25,000 debit

discount on debt Securities 3,524.82 debit

Interest revenue 28524.82 credit

--to record first interest coupon collection--

478,938 x 0.12/2 = 28736.31 revenue

cash 25000

amortization 3736.31

cash 25,000 debit

discount on debt Securities 3,736.31 debit

Interest revenue 28,736.31 credit

--to record second interest coupon collection--

cash 127,000

discount on debt securities 4.331,25

debt securities 125,000

short-capital gain 6,331.25

--to record sale of bonds---

after this and the subsequent interest payment, the discount is write-off entirely and in maturity we record:

cash 375,000 debit

debt securities 375,000 credit

--to record maturity of the bonds on Dec 31th 2021--

Explanation:

procceds 475,414

face value 500,000

discount -24,586

interest will be calcualte as the result of the carying value times the market rate:

475,414 x 0.12/2 = 28524.82

cash inflow: 500,000 x 10% / 2 = 25,000

amortization on discount: 3,524.82

second will be the same procedure:

478,938 x 0.12/2 = 28736.31 revenue

cash 25000

amortization 3736.31

partial sale of 1/4 of the bond:

500,000 / 4 = 125,000

500,000 discount outstanding of 17.325‬

125,000 has a discount of 4.331,25

value of the bonds sold:

125,000 - 4331.25 = 120.668,75‬

sale at 127,000

short capital-gian on sale: 6.331,25‬

3 0

3 years ago

Tejas has decided to finance his college education through student loans. He is planning on taking out $100,000 in loans to beco

aleksklad [387]

Answer: A. No, because he is taking out more debt then he will ever be able to pay back.

Explanation:

Getting the finance to foot one's bills could come from many different sources, one of which is to put in for a loan. However, the advice to secure a loan might best be given by a finance expert who has the knowledge and expertise required to adequately access the value of the loan, the probable return on investment and ayher embedded considerations. In the scenario given above, taking out a loan of up to $100,000 in other to target the job of finally landing a teaching job at a nursery school which would on average return a meagre pay than cannot be pitted with the loan value would be considered unreasonable on average by a finance professional simply because the return on investment will probably be nothing near the value of the loan. This way, the debt incurred from due to the loan application may never be returned from the intended job.

4 0

3 years ago

A designer draws two circles, each of area 3.14 square feet. The centers of the circles are 4 feet apart. Do the circles overlap

puteri [66]

Answer:

No, the circles do not overlap

Explanation:

r = Radius of circle

A = Area = 3.14 square feet

Area of one circle

$A=\pi r^2$