Answer:
The City of Mayville
The City should report $42,000 as restricted fund balance in its General Fund on December 31, 2019.
Explanation:
a) Data and Calculations:
Total fund balance in General Fund = $200,000
Inventory = $28,000
Prepaid Rent 10,000
Encumbrances 60,000
Restricted fund = $42,000
b) The City of Mayville's restricted fund balance is the cash balance that has been earmarked for specific or limited use by or for the City. Restricted funds ensure that donors detect and direct the usage of the funds.
Answer: The correct answer is 1) They help prosecute companies that sell unsafe products to consumers. And 4) They help consumers identify the best product reviews from various sources.
Explanation:
Consumer programs are all those that were created to provide the customer with the correct information about the products and their quality.
Nowadays, with the competition between the companies that present the same product, the client can feel confused about what product to consume. Still, through the consumer programs, the person can choose the best product depending on the program review, but in this way, You will be sure to select the right product based on your needs.
HOPE THIS HELPS. PLEASE GIVE BRAINLEST.
Answer:
Marigold Corp.
The amount received from Bramble is $4,508.
Explanation:
a) Computation of Amount Received:
Jan. 15 Sales = $5,700
Jan. 20 Returns (1,100)
Balance due $4,600
Jan. 24 discount ($92)
Cash collected $4,508
b) Discount allowed = 2% of $4,600 = $92
c) This is in accordance with the trade terms 2/10, n/30, which allows a cash discount of 2% if payment was made within 10 days from the date of purchase, with the last allowed credit within one month. From January 15 to January 24 is 10 days. So, the cash discount of 2% applies on the balance due after the sales returns.
In passive sentences , the subject receives the action verb . The most commonly used verb tenses for this form are present continuous and past continuous. For now let’s keep going with the present continuous
Answer:
Explanation:
Assets = Liabilities + Stockholder's equity
Cash= Common stock+Retained earnings
1. Cash
revenues 34600 NA NA 34600
2. Paid
expenses(15200) NA NA (15200)
3. Paid
dividend (3500) NA NA (3500)
Ending balance 15900 = 0 + 0 + 15900
Income statement
Revenue $34600
Expense (15200)
Net income $19400
Statement of changes in stockholders’ equity
Common stock $0
Retained earnings:
Net income $19400
Less: dividends (3500)
Total stockholder's equity $15900
Balance sheet
Assets:
Cash $15900
Liabilities $0
Stockholder's equity:
Common stock 0
Retained earnings 15900
Total stockholder's equity $15900
Total liabilities and stockholder's equity $15900
