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3 years ago

56. How do most states finance their capital budget?

Business

2 answers:

konstantin123 [22]3 years ago

7 0

Long term borrowing!!

saw5 [17]3 years ago

7 0

B long term borrowing or sale of bonds !!

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Before the year began, McCrae, Inc. estimated its manufacturing overhead costs for the year to be $400 comma 000 and estimated

V125BC [204]

Answer:

Gross Profit = $5,172

Explanation:

For the information provided,

Manufacturing overhead at an activity level of 10,000 machine hours = $400,000

Thus, overhead per hour = $400,000/10,000 = $40 per hour

Direct material = $1,000

Direct labor cost = $1,500

Total manufacturing cost allotted = $40 $\times$ 23 = $920

Total direct cost = $1,000 + $1,500 + $920 = $3,420

Sales revenue = $716 $\times$ 12 = $8,592

Gross profit = Sales - Cost = $8,592 - $3,420 = $5,172

4 0

4 years ago

Assume that the Charleston Inc. uses the indirect method to depict cash flows. Indicate where, if at all, an inventory increase

Airida [17]

Answer:

Operating activities section

Explanation:

In the indirect method of cash flow statements, current assets and current liabilities are adjusted with net income and non-cash items. It means changes in net working capital (Current assets - Current liabilities) fit with the net income in the operating cash flow section. Therefore, any decrease or increase is stated under the operating cash flow segment. Inventory increase will deduct from the net income because we spend more cash to acquire inventory.

7 0

4 years ago

What is the key to economics? Explain.

Lady_Fox [76]

Answer:

At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.

Explanation:

this was a answer from my school

6 0

3 years ago

Read 2 more answers

Joe works for a life insurance company that funds commercial investment projects and often insures these projects by insisting o

Mademuasel [1]

Answer: Participation

Explanation:

Participation financing is a firm of financing whereby a loan is shared by several parties because such loans are too huge and a party cannot take the loan alone.

Since we are informed that works for a life insurance company that funds commercial investment projects and often insures these projects by insisting on an equity position, this means that participation financing is being practiced.

7 0

3 years ago

On May 31, 20xx, Kane Company's bank statement showed a $9,900.50 bank balance. The bank statement also showed that it collected

larisa [96]

Answer:

we start with the bank balance: $9,900.50

we must add: deposits in transit $1,315.80

we must subtract: check N° 314 for $48.50 and check N° 485 for $465.12

= $9,900.50 + $,315.80 - $48.50 - $465.12 = $10,702.68

now we start with the checkbook balance: $9,512.88

we add: the note collected for $1,200

we must subtract: processing fees = $0.15 x 68 checks = $10.20

= $9,512.88 + $1,200 - $10.20 = $10,702.68

bank balance = checkbook balance

$10,702.68 = $10,702.68

8 0

4 years ago