1. General Fund Balance Sheet: Assets - $2,230; Liabilities and Fund Balance - $2,230.
2. General Fund Statement: Revenues - $3,810; Expenditures - $3,350; Transfers - $330; Net Change in Fund Balance - $130.
1. General Fund Balance Sheet:
Cash: $1,900
Property taxes receivable - delinquent: $330
Allowance for uncollectible property taxes: $10
Accounts payable: $120
Deferred revenues: $250
Fund balance, January 1, 2013: $1,720
Total assets: $2,230
Total liabilities and fund balance: $2,230
2. General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances:
Revenues:
- Property taxes: $3,200
- Licenses and fees: $350
- Parks admissions fees: $40
- Investment income: $220
Total revenues: $3,810
Expenditures:
- General government: $360
- Public safety: $1,800
- Public works: $840
- Parks and culture: $350
Total expenditures: $3,350
Transfers:
- To Debt Service Fund: $250
- To Capital Projects Fund: $80
Total transfers: $330
Net change in fund balance: $130
Fund balance, January 1, 2013: $1,720
Fund balance, December 31, 2013: $1,850
The General Fund balance sheet provides a snapshot of the fund's financial position as of December 31, 2013. It shows the assets and liabilities of the General Fund. The cash balance is $1,900, and there is $330 in delinquent property taxes receivable. An allowance of $10 is set aside for uncollectible property taxes. The General Fund has $120 in accounts payable and $250 in deferred revenues. The fund balance as of January 1, 2013, is $1,720. Adding up all the assets and liabilities, the total equals $2,230.
The General Fund statement of revenues, expenditures, and changes in fund balances summarizes the activities of the fund for the year ended December 31, 2013. The revenues for the year include $3,200 from property taxes, $350 from licenses and fees, $40 from parks admissions fees, and $220 from investment income, totaling $3,810. The expenditures consist of $360 for general government, $1,800 for public safety, $840 for public works, and $350 for parks and culture, totaling $3,350. There were transfers of $250 to the Debt Service Fund and $80 to the Capital Projects Fund, totaling $330.
The net change in fund balance is calculated by subtracting total expenditures and transfers from total revenues, resulting in a net increase of $130. The fund balance as of January 1, 2013, was $1,720, and after considering the net change, the fund balance as of December 31, 2013, becomes $1,850.\
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A basketball coach is performing a cost/benefit analysis in order to determine if more hours of practice would help the team score more points. The coach's action is an example of
Answer:
Marginal thinking
Explanation:
Marginal thinking refers to the thinking of decision makers in which the one additional unit is more than its cost
Since in the question it is mentioned that the coach of basketball performed cost / benefit in order to achieve more points by doing more hours of practice
Therefore the given situation, it is an example of marginal thinking
Cashapp $KatieZezu :)
Answer:
ok
Explanation:
ok
___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
D. elective requrement are courses that build knowledge and skills in a specific field
What is the difference between an excise tax and a percentage tax?
The local government determines the amount of tax to be charged, and there is a sales tax in place in 45 US States. Contrarily, an excise tax is a flat fee that is added to the cost of certain goods, some by states and some by the federal government.
What is the major difference between excise tax and value added tax?A percentage-based ad valorem tax is levied. This leads to the creation of an excise tax depending on the cost of the good or service. The Internal Revenue Service (IRS), for instance, charges an excise tax of 10% on indoor tanning services.
Sales tax is charged on the sale of products, whereas excise duty is charged on the manufacture of goods. While the manufacturer is responsible for paying the excise tax, the end user is responsible for paying the sales tax.
A business tax known as percentage tax is levied against individuals or organizations who engage in the sale or rental of commodities, real estate, or services in the course of their trade or company and whose gross annual sales or revenues do not exceed P550.000.
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What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
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What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
in a market economy, why do businesses and individuals make the decisions?
Self-interest serves as the driving force behind market economies. Trying to squeeze every dollar out of their budgets is the driving force behind consumer behavior.
Are decisions made by organizations and people in a market system?A market economy is a kind of capitalism in which a nation's businesses and citizens interact to determine economic policy and the cost of goods and services. Entrepreneurs strive to maximize their businesses' revenues. Employees strive to earn the greatest incomes and pay possible. The majority of the resources are owned by private people, businesses, and corporations in a market economy. People make choices that affect demand and supply, which determines pricing and controls how commodities and services are produced and used.
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What is the return rate for brick-and-mortar stores?
A. 10%
B. 20%
C. 3%
D. 15%
The return rate for brick-and-mortar stores that one will receive is 3%. Hence, Option C is correct.
What is the return rate?A return rate is something that an individual receives in exchange or returns for something else. One can receive this return in various cases, like when someone has lent money to someone for a particular period of time.
In other words, the return rate, or rate of return, is the amount received after making any type of investment. The amount that they will receive in addition to that particular amount is the amount that gets after the calculation of the percentage of the return rate, and that percentage is fixed.
Therefore, it is the return that one has to make after the completion of the time period for which the investment has been made. Option C is correct.
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All financial statements are important, but most managers tend to have one that they look to first. If you were a potential contributor or investor looking at the financial statements of a local regional medical center, which document would you start with? Explain why.
While other financial statements like the Balance Sheet and Cash Flow Statement are important for a comprehensive analysis of the medical center's financial position and cash flow, the Income Statement is a starting point that provides a clear picture of the medical center's revenue, expenses, and profitability.
If I were a potential contributor or investor looking at the financial statements of a local regional medical center, the document I would start with is the Income Statement, also known as the Statement of Operations or Profit and Loss Statement.
The Income Statement provides a summary of the medical center's revenues, expenses, and net income (or loss) over a specific period, typically on an annual or quarterly basis. Here's why I would choose to start with the Income Statement:
1. Overall Financial Performance: The Income Statement gives an immediate snapshot of the medical center's financial performance. It shows whether the medical center is generating a profit or incurring a loss. By looking at the net income (or loss), I can assess the financial health and profitability of the medical center.
2. Revenue Breakdown: The Income Statement breaks down the medical center's revenue sources. This allows me to understand the composition of the revenue streams, such as patient services, insurance reimbursements, government funding, or other sources. Evaluating the revenue mix helps me gauge the diversity and stability of the medical center's income sources.
3. Expense Analysis: The Income Statement provides a breakdown of various expense categories, such as personnel costs, supplies, facility expenses, and administrative costs. Analyzing the expense structure allows me to understand the medical center's cost management and efficiency. It helps identify areas of potential cost reduction or areas where expenditures may be increasing disproportionately.
4. Profitability Ratios: Using the information from the Income Statement, I can calculate key profitability ratios such as gross profit margin and net profit margin. These ratios provide insights into the medical center's ability to generate profits from its operations, allowing me to compare its financial performance with industry benchmarks or similar healthcare organizations.
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given realistic estimates of the probability and cost of bankruptcy, the future costs of a possible bankruptcy are borne by:
Given realistic estimates of the probability and cost of bankruptcy, the future costs of a possible bankruptcy are borne by the shareholders.
Shareholders are the people who invest in a business in exchange for their share in the business. Shareholders are majorly affected during bankruptcy as the business has more liabilities during time of bankruptcy. Due to limited cash flow, the remaining cash is first paid to debt holders. Debtholders lend to the company whereas shareholders own the company.
In the agreement and rules of the business, it is not an obligation to pay the shareholders first. Shareholders are paid only during the profit earning of the business. During bankruptcy, the shareholders will not receive any earnings. Debtholders will be paid first for the debt. Therefore, during bankruptcy, shareholders are supposed to pay for future costs in case of bankruptcy.
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The wearing away of the Earth's surface is called
Answer:
Erosion is the wearing away of the Earth's surface.
mention one Islamic song and recitation
Answer:
islamic song: SURAH AL IMRAN HOLY QURAN, BEAUTIFUL HOLY QURAN
I hope it helps you
If people are finite-lived, Ricardian equivalence can fail because lifetime wealth will change for those currently alive. people cannot predict the future. this implies taxes must be distorting. there is intragenerational redistribution.
True. Ricardian equivalence can fail due to finite lifespans, uncertainty about the future, distorting taxes, and intragenerational redistribution.
Ricardian equivalence is an economic theory that suggests that changes in government borrowing and debt levels have no effect on consumer behavior. However, it can fail in certain circumstances. Finite lifespans mean that individuals cannot predict the future accurately, leading to changes in lifetime wealth for those currently alive.
Uncertainty about the future undermines the assumption that individuals will save or adjust their consumption based on expected future taxes. Distorting taxes, such as progressive income tax, can create intertemporal and intragenerational redistribution, influencing individual consumption decisions.
These factors challenge the validity of Ricardian equivalence and suggest that taxation policies can have real effects on consumer behavior and resource allocation.
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Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
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Cactus cactus? or Bagel bagel?
Answer:
Both
Explanation:
The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.
Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.
Explanation:
Open market operations refer to which action by a central bank?
A. Regulating the amount of money banks hold in reserve
O B. Changing the price banks pay to borrow money
O C. Buying and selling treasury securities
O D. Adjusting interest rates on stock markets
Answer:
O C. Buying and selling treasury securities
Explanation:
Through the Federal Reserve, the government employs monetary policy to influence the direction and speed of economic growth. Open market operations are part of the monetary policies. It entails the government buying or selling securities from commercial banks.
Monetary policies regulate the amount of money supply in the economy. When the government wants to increase the amount of money in the economy, it buys government securities from banks. The Fed deposits large sums of money to banks in exchange for the securities. The Banks lends the money to firms and households, therefore increasing money in the economy. The selling of securities by the Fed decreases the amount of money in the country.
Open market operations refer to the action by a central bank of (c.) buying and selling treasury securities. Option C
What is an open market?Open market operations can be defined as the action by a central bank of buying and selling treasury securities in order to influence the money supply and interest rates in the economy.
When a central bank buys treasury securities, it injects money into the economy, and this result in increase of the money supply and lower interest rates. When it sells treasury securities, it removes money from the economy, which can decrease the money supply and raise interest rates.
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how do you become popular
Answer:
Spread the word; advertisements
Explanation:
In order to get popular you need to spread the word about your business, you needadvertisementst,s and sometimes even create your own website. Some website makers include Wix.
when smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force. how would this practice help the company to become a low-cost producer?
As smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force, this practice would help the company smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force by constructing efficient large-scale facilities.
Smart Electric condensed saw the potential for not only a cost savings, but also an improvement in their operations when they decided to consolidate all their parts factories into one large location.
This move enabled them to increase their research and development, as well as their customer service, while simultaneously decreasing their sales force.
This was accomplished by constructing efficient large-scale facilities that allowed for the production of all their parts under one roof. The cost savings and increased efficiency enabled them to better serve their customers and make better use of their resources.
As a result, Smart Electric has been able to provide its customers with quality products and services, while reducing its overhead costs.
The consolidation of their parts factories into one large location has been instrumental in allowing Smart Electric to succeed.
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What are the two basic types of labor available?
The two basic types of labor force available are____ and ____.
drop-down menu.
1) skilled, overpaid, or local
2) unskilled, underpaid, or uncontrolled
The two basic types of labor force available are 1. skilled, overpaid and unskilled.
What are types of labor ?Skilled labor is defined as a type of labor that necessitates specialized expertise, training, or experience. The demand for this particular form of work is generally quite substantial, thus leading to the possibility of attaining a higher salary.
Unskilled labor pertains to labor which does not demand specialized expertise, instruction, or prior experience. This particular category of work typically experiences diminished demand and subsequently receives lower compensation.
The sought-after form of labor is contingent upon the prevailing economic circumstances.
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what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note. your billing statement. your financial aid offer
The document that explains your rights and responsibilities as a federal student loan borrower is A. your master promissory note.
The master promissory note refers to the legal document where one promises to repay their loans and any fees or accrued interests to the Department of Education.
The master promissory note also explains the terms and the conditions of the loan that's taken. It's simply a legally binding document. One has to understand the rights and then responsibilities before one takes the loan.
In conclusion, the correct option is your master promissory note.
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The computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.
Answer:
International competition
Explanation:
International competitions may be defined as when an organization or a business enterprise enters into a competition with the global organizations. It is that driving force which enables an organization to produce more goods and expand their business in a global term.
In the context, Javier making and selling computer accessories decides to expands his business and produce more of his products and hire two employees for his firm. Thus it is an example of international competition.
What is one way in which bonds do not generate income for investors?
Bonds appreciate in value.
Bonds pay interest.
Bonds pay a specified amount at maturity.
Bonds pay dividends.
Answer:
D. Bonds pay dividends
Explanation:
Just finished the test :)
The way in which bonds do not generate income for investors is that Bonds pay dividends.
What is a bond?A bond is known to be a kind of loan that is often obtained from any investor.
The borrower who is said to borrow he money often uses it for different kinds of purpose and the investor receives interest in form of dividend.
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an increase in government purchases is likely to a. decrease interest rates. b. all of the above are correct. c. reduce money demand. d. crowd out investment spending by business firms.
Option b) All of the above is the correct option
When the federal government's budget deficit expands, the amount of the nation's debt also climbs because the government needs to borrow money to make up the difference, which makes the debt bigger. Additionally, because they would have to pay higher interest rates before investors will lend them money, only those investors will make investments in a deficit-ridden nation. Due to having less money to invest, it will also reduce the household borrowing capacity.
Therefore, we can conclude that a deficit will have an impact on every aspect of the country or that a deficit will have an impact on the entire economy's vicious cycle.
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After establishing the mission, vision, and values, what is the next step in strategic management?.
After establishing the mission, vision, and values, specific objectives are the next step in strategic management.
What is the importance of a strategic management process?The organization's and its employees' direction is established by strategic management. Effective strategic management continuously plans, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.
The five fundamental tasks of strategic management are as follows. They entail creating a strategic vision and mission, establishing goals, creating tactics to attain those goals, putting the tactics into practice and executing them, and assessing and measuring performance.
The next step for an organization after creating its mission statement is to create the precise goals targeted at fulfilling that aim. For the general goals of the program, objectives refer to particular, measurable results.
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Which of these is a reason why a company may want to recruit internally? A Better chance of fresh ideas o B. Broader experience within the industry c. Familiarity with the company mission D. Saving money on salaries
Answer:
C. Familiarity with the company mission.
Explanation:
As a corporate director, I tend to seek talent within our organization for this very reason. Long term team members whom plan on growing with our organization are, at times, best suited for roles above their current level due to their loyalty and familiarity with the company mission. Promoting within gives great culture to a company and adds to overall moral.
PLZ HELP EXTRA POINTS!!!
The Constitution set up a federal system of government by ____.
A. distributing power among three branches of government
B. dividing power between the National Government and the States
C. providing a formal amendment process
D. giving the President the power to veto an act of Congress
Answer: its A
Explanation:Because it based on the three banches.
Paul owns a photography studio, and he has applied for a loan to
purchase a larger space so he can show his, and other local photographers’, work.
As part of the loan process, the bank reviews Paul’s credit history, which reveals that
Paul’s studio has been in operation for six months, Paul has an active loan on some
photography equipment for $8,000, Paul has a credit score of 650, and the studio
turns a decent profit. Given all this information, Paul’s loan is denied.
Determine which item from Paul’s credit history caused the denial.
Answer:
A credit score of 650 is slightly below average for the populace, coupled with the fact that the studio has been in operation for a short period of time and he has an outstanding loan of $8,000, is the reason he was rejected. It was the outstanding loan.
Explanation:
If a 2-year capital project has an internal rate of return factor equal to 1.69 and net annual cash flows of $51000, the initial capital investment was
If a 2-year capital project has an internal rate of return factor equal to 1.69 and net annual cash flows of $51000, the initial capital investment was
CI= $86190.
This is further explained below.
What is a capital investment?Generally, A company's purchase of tangible assets for use in advancing its long-term business aims and objectives is capital investment.
In conclusion,
capital investment
CI=51000x1.690
CI= $86190
If the internal rate of return factor for a two-year capital project is equal to 1.69 and the net yearly cash flows are equal to $51,000, then the original capital expenditure for the project was equivalent to $86190.
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A young man is badly injurged when his cell phone battery catches fire. Whattype of insurance should the manufacturer of the cell phone have to cover such an event?
Answer:
product liability insurance
Explanation:
In this specific situation, the type of insurance that the manufacturer needs to have had is called product liability insurance. This insurance would cover any and all expenses of injuries caused by a specific product that the victim has purchased from you. Which in this case would cover the fire injuries caused by the cell phone that you the manufacturer sold the young man that was injured.
Answer: Product liability insurance
Explanation: