Under the modified accrual basis of accounting for a governmental unit, revenues should be recognized in the accounting period in which they are?
a.) collected
b.) earned and measurable
c.) earned or levied, measurable, and available
d.) budgeted, earned and measurable
Answers
Under the modified accrual basis of accounting for a governmental unit, revenues should be recognized in the accounting period in which they are earned or levied, measurable, and available.
The correct answer is c.) earned or levied, measurable, and available. The modified accrual basis of accounting is a hybrid approach used by governmental entities that combine elements of accrual accounting and cash basis accounting. It requires recognition of revenues when they are both measurable and available for current use.
To recognize revenues under the modified accrual basis, they must meet several criteria. First, the revenue must be earned or levied during the accounting period, indicating that the exchange transaction or the imposition of taxes has occurred. Second, the amount of revenue should be measurable, meaning it can be reasonably estimated. Lastly, the revenue should be available, which means it is collectible within the current accounting period or soon enough thereafter to be used to finance current obligations.
By adhering to these criteria, governmental units can ensure accurate reporting of their financial activities and maintain transparency in their financial statements.
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Related Questions
[Quality of Services Marketing]
1. Which of the following is an example of a B2B internet service? [Answer: Tech Support]
2. Many companies have sophisticated tracking software [Answer: Critical incident technique]
3. Which of the following is not a characteristic of a service? [Answer: Reliability]
4. What is the encounter between service-consumer that occurs during delivery of the service is known as? [Answer: Experince qualities]
5. Your local credit union offers a variety of services to its members [Answer: Fresh-baked cookies and gourmet cookies]
6. The measure of the difference between a customer's expectation [Answer: Gap analysis]
7. Shepherd University is launching new services to attract more students [Answer: Bachelor's degrees]
8. A large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy. [Answer: Offering free coffee tastings]
9. John always takes his car to the same place for an oil change. [Answer: Augmented]
10. Which of the following is not a service of quality attribute? [Answer: Response qualities]
- You can thank me by thanking my previous answers, would be very appreciated -
Answers
All of your answers are correct.
The questions given and their appropriate responses can be seen below:
1. Tech Support is an example of a B2B internet service.
2. Many companies have sophisticated tracking software - Critical incident technique.
3. Reliability is not a characteristic of a service.
4. Experience qualities is the encounter between service-consumer that occurs during delivery of the service
5. Your local credit union offers a variety of services to its members such as Fresh-baked cookies and gourmet cookies.
6. Gap analysis is the measure of the difference between a customer's expectation.
7. Shepherd University is launching new services such as Bachelor's degrees to attract more students.
8. Offering free coffee tastings is a large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy.
9. John always takes his car to the same place for an oil change - Augmented
10. Response qualities is not a service of quality attribute.
What is Service marketing?This is defined as the marketing that businesses that provide a service to their customers use to increase brand awareness and sales.
The answers to the questions given can be seen appropriately given above.
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why teacher want me to take exam
Answers
Answer:
dont know but our state dodge it because we had power and water out so we have about 2 weeks till then i think i know fo sure its in march tho
Explanation:
2-3 personal experience of exploitation as a consumer
Answers
Answer:
Explanation:
Exploitation often involves a denial of an individual's right (in this case a consumer's right).
Consumers are often exploited in this three areas:
Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.
High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.
False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.
PLEASE HELP !!
explain why you feel an entrepreneur or business should develop a business plan.
Answers
Answer:
See below...
Explanation:
When an entrepreneur or businessperson begins to develop an idea for a product or for the creation of a business, it is good that they have a plan. When they do not plan, their future does not have specific milestones to acheive. This can make things scary and chaotic, as it is necessary to know when and where you will do things. With a plan, the person has goals set, and they are not as overwhelmed by things that come their way. The plan gives an order to an otherwise chaotic idea.
What is the relationship between interest rates and aggregate spending?
A.
when interest rates increase, aggregate spending also increases
B.
when interest rates increase, aggregate spending decreases
OC. they do not have any relation
OD
both the factors are affected favorably by any external factor
O E.
both the factors are affected adversely by any external factor
Answers
Answer:
B. when interest rates increase, aggregate spending decreases
Explanation:
Interest rates and aggregate spending have an inverse relationship. An increase in interest rates results in a decrease in aggregate expenditure. Interest refers to the cost of money, while aggregate spending is the total consumption in the economy.
When the cost of money is high, firms and households will stop borrowing, which reduces spending. It means businesses will not expand, and domestic consumption reduces. The net effect is a lower demand for goods and services, resulting in lower aggregate spending.
Answer:
when interest rates increase, aggregate spending decreases
Explanation:
I just took the test, good luck everyone
A department store buyer and a manufacturer of food processors entered into a written contract whereby the manufacturer would sell to the buyer 50 of its top-of-the-line models for $100 each. When the delivery arrived on May 15, several days early, the buyer noticed that the food processors were a different model that did not have all of the features as the top-of-the-line model that was ordered. The buyer contacted the manufacturer and told him that he was rejecting the food processors that were delivered to him and expected the manufacturer to send 50 top-of-the-line models immediately. The manufacturer replied that because of a backlog of orders that had not yet been filled, the top-of-the-line models could not be delivered until August 15. Because the department store had contracted with a restaurant to deliver three top-of-the-line models by May 31, the buyer delivered three of the nonconforming food processors along with a promise to replace them with three top-of-the-line models in mid-August. The buyer returned the remaining food processors to the manufacturer.
How much could the department store recover from the manufacturer for the three food processors that it delivered to the restaurant?
A) Nothing, b/c they were resold to another.
B) Nothing, b/c it accepted them knowing they were defective.
C) The difference b/t the market price of the top-of-the-line models and the existing food processors' actual value.
D) The difference b/t the existing food processors' actual value and the cost of the food processors that the department store must provide to the restaurant in mid-August.
Answers
Answer: C. The difference b/t the market price of the top-of-the-line models and the existing food processors' actual value
Explanation:
Based on the information given, the amount that the department store will recover from the manufacturer for the three food processors that it delivered to the restaurant will be the difference between the market price of the top-of-the-line models and the existing food processors' actual value.
which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
Answers
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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Question 8
It's is almost impossible to buy a house these days without a sizeable down
payment.
True.
False
Answers
Answer:
True
Explanation: You need to pay at least 20% down.
What might be an advantage of using credit
Answers
As owner of a chain of electronic stores, you decide to run a direct mail campaign involving coupons.
What kind of research will you do to determine the nature and type of discount you should offer?
Can you recall a time where you were asked to be a part of research? Was it qualitative or quantitative? Why?
Submit your response to the dropbox titled Types, Trends, and Limitations of Marketing Research
Answers
The goal of theoretical research, also known as pure or basic research, is to create knowledge independent of how it will be used in the real world.
What is basic research?Basic research is the systematic and empirical study of phenomena in order to gain knowledge about their underlying principles and properties. This type of research is primarily focused on expanding our understanding of the world and its natural laws rather than finding immediate practical applications. It often involves experimentation and the collection and analysis of data to develop or refine theories. Basic research may be conducted in a wide range of fields, including the physical sciences, social sciences, and humanities. The findings of basic research may be used to inform applied research or to develop new technologies, but the primary objective is to advance knowledge and understanding for its own sake.
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According to the unit, what percentage of shoppers used a coupon in 2012?
A. 78%
B. 85%
C. 93%
D. 100%
Answers
today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c
Answer:
78%
Explanation:
I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P
Rolando purchases 13 shares of COIN at $325 per share. If he sells the
shares at $365, what is his net gain?
$123
$520
$4225
$4745
Answers
Answer:
$520
Explanation:
13 multiplied by 365 = 4,745.
-
13 multiplied by 325 = 4,225
=520
If the grievance committee concludes potentially unethical conduct may have occurred:.
Answers
When the Grievance Committee suspects possibly unethical behavior, they hold an investigation to see if the Code's provisions have been broken. A code of ethics outlines the moral principles and best practices that an organization should adhere to in order to be honest, ethical, and professional. If an organization's members violate the code of ethics, there may be consequences, including firing.
The grievance committee main responsibility is to examine complaints that haven't been settled at the staff or administrative levels and, if necessary, to mediate disputes. Examples of this type of grievance include discipline, unethical conduct, categorization conflicts, benefit denial, and so on.
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Gertrude wants a job that involves her love of music, but is not interested in
being a performer or composer. What should Gertrude probably do?
A. Eliminate all career goals
B. Focus on finding careers unrelated to music
C. Expand her research to music-related careers such as music
therapist or recording engineer
D. Take music lessons
Answers
Answer:
C
Explanation:
it would be C because you wouldn't have to perform or compose but you can also help people with your love of music and music expression
Sherita, age 37, wants to pay no more than $750 a year in life insurance. if the annual life insurance premium rate (per $1000 of face value) is $3.96, what is the largest 15-year term policy she can buy without spending more than $750 annually? a. $189,000 b. $109,890 c. $203,252 d. $276,750 please select the best answer from the choices provided a b c d
Answers
the largest 15-year term policy Sherita can buy without spending more than $750 annually is $189,000.
To solve this problem, we can use the formula:
Maximum affordable premium = (Annual premium rate per $1000) × (Face value)
Let F be the face value of the policy. Then, we have:
750 = (3.96/1000) × F
Solving for F, we get:
F = 750 / (3.96/1000) = 189,393.94
A policy is a document that outlines an agreement between two or more parties. In the context of insurance, a policy is a contract between the insurer and the insured, where the insurer agrees to pay a sum of money or provide other benefits to the insured in the event of a specified loss. Insurance policies can cover a variety of risks, including health, life, property, liability, and more. Policies typically include terms, conditions, and exclusions that define the scope of coverage and the responsibilities of the parties involved.
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what is the general rule for introductions in a business setting? A.
There is no thought of rank when introducing people in a business setting.
B.
If the higher-ranking person is male, and the lower-ranking person is female, then the higher-ranking person would be introduced to the lower-level person.
C.
The senior-ranking person is introduced to the lower-ranking person.
D.
If the higher-ranking person is female, and the lower-ranking person is male, then the higher-ranking person would be introduced to the lower-level person.
E.
The lower-ranking person is introduced to the senior ranking person.
Answers
C represents the general rule that aligns with the conventional practice of introducing the senior-ranking person to the lower-ranking person in a business setting.
the general rule for introductions in a business setting is typically c) the senior-ranking person is introduced to the lower-ranking person.
in a business setting, it is customary to show respect and deference to higher-ranking individuals. when introducing people, the general practice is to introduce the person with a lower rank or position to the person with a higher rank or position. this demonstrates courtesy and acknowledges the hierarchy or seniority within the business or organizational structure.
this rule applies regardless of gender. it is not dependent on the gender of the individuals involved but rather on their respective ranks or positions within the organization. gender should not be a determining factor in the order of introductions in a professional setting.
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Karl opens a savings account with $2500. He deposits $1500 every year into the account that has a 0.75% interest rate, compounded monthly. If he doesn't withdraw any money, what will the account balance be in 10 years?
Answers
Answer:
Total FV= $29,335.25
Explanation:
First, we need to calculate the future value of the initial investment ($2,500) using the following formula:
FV= PV*(1 + i)^n
PV= $2,500
i= 0.0075
n=10*12= 120 months
FV= 2,500*(1.0075^120)
FV= $6,128.39
Now, the future value of the $1,500 annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
We need to determine the effective annual rate:
Effective annual rate= (1.0075^12) - 1= 0.0938
FV= {1,500*[(1.0938^10) - 1]} / 0.0938
FV= $23,206.86
Total FV= $29,335.25
Which pricing method adds the same fixed dollar amount to all medicines, regardless of ingredient costs
Answers
Answer:
the markup method
Explanation:
Note that the markup pricing method typically involves adding a fixed amount of cost of the product is added to the product’s price.
So, in the pricing method of medicines, a fixed dollar amount is added to all medicines, regardless of ingredient costs, and this amount is called the margin.
Melissa is a salaried employee who earns roughly the same amount in every paycheck. Why would it be a great idea for her to set up an automatic transfer every pay period into her savings account
Answers
It will be a good idea to set up an automatic transfer every pay period because its prevents anyone from forgetting to pay yourself first as well as preventing to spend the said money.
What is an automatic transfer?An automatic transfer refers to an arrangement whereby a preset transfers is done from customer's account on a regular basis to another accounting.
In conclusion, the automatic transfer is very effective in maintaining a strict saving culture because its prevent the spending of disposable income.
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According to etzioni’s three types of formal organizations, which organization type has a shared affinity when looking at the feeling of connectedness?.
Answers
According to Etzioni’s three types of formal organizations, Normative organization type has a shared affinity when looking at the feeling of connectedness.
Systems that rely on normative power have a control structure that is based on promoting common values that members adhere to. These values are intentionally created and upheld by the organization, and they are all portrayed in different signs and symbols that can be either verbal, visual, behavioral, or intellectual, or any combination of the four. Having a strong commitment to an organization's ideology gives you influence and sway. Members adopt the values of the organization. The organization's members act cohesively and with a strong dedication to its objectives.
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Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck?
FICA
Overtime pay
Federal income tax
Contributions to retirement savings
Answers
Overtime pay is not a tax or deduction that could be withdrawn from your paycheck.
Overtime pay is a wage rate paid to an employee for working more than the standard number of hours per week or day, and it is subject to taxes and other deductions. On the other hand, FICA (Federal Insurance Contributions Act) tax is a payroll tax that is withdrawn from an employee's paycheck to fund Social Security and Medicare programs. Federal income tax is a tax on an individual's income imposed by the federal government, and it is withheld from an employee's paycheck based on their earnings and filing status. Contributions to retirement savings such as a 401(k) or IRA are voluntary deductions from an employee's paycheck and are intended to provide long-term savings and tax benefits.
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In 2013, the Oakland A's were one of the hottest teams in baseball. They were regularly drawing "sellout" crowds, with many more fans wanting tickets. However, the A's did not sell all of the 56,000 seats. The A's removed or put tarps over roughly 20,000 seats in most of the third deck and the outfield stands. The A's management said that the reason was to create a more intimate feeling for the fans. What's another explanation? The A's removed or put tarps over roughly 20,000 seats to
Answers
Answer:
The other reason was to limit the number of special seats to charge a higher price for them.
Explanation:
Oakland A's knows that it has a large number of dedicated fans and that they are thirsty for tickets to watch the games, as these tickets are in high demand. In this case, when Oakland A's puts tarps or removes only on 20,000 seats and claims that it is to promote a more intimate experience for fans, it is because it knows that fans will want to occupy these special places, no matter what price they need to pay. In this case, we can say that a probable reason for the existence of these 20,000 unavailable seats is to increase the profit from ticket sales, by charging a higher price for the available seats.
Career connection Follow the instructions and record your work in the
Answers
Make your interview as strong as you can because it could mean the difference between landing your ideal job or not.
What is Career connection ?It is extremely valuable to seek the advice of an industry mentor, leader, or seasoned professional because you will not only learn about the person's specific job but also about the industry as a whole, how they got to where they are in the field, whether you would enjoy their work, and how to structure your own career goals from an industry expert.
Send a request for an informative interview through email or phone to the person's workplace to arrange a non-formal interview regarding their position.
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What is The Humane Society of North Central Florida's mission? *
Answers
Answer:
Our mission is to build an ecologically sustainable and humane world for all animals.
Explanation:
I hope it help u
At a certain amusement park, there is a bulk discount for tickets. If you buy up to 60 tickets in one order, the price for each ticket is $\$70$. However if you buy more than 60 tickets in a single order, the price of every ticket is reduced by $\$1$ for each additional ticket bought. If $t$ is the number of tickets bought in bulk at one time, what is the largest $t$ which will bring the amusement park a profit greater than $\$4200$?
Answers
The largest price which will bring the amusement park a profit greater than $4200 will be $65.
How to calculate the price?Let x be the number of additional tickets that can be sold.
It should be noted that the revenue is gotten by multiplying the number of tickets by the price.
Therefore, (60 + x)(70 - x) > 4225
The appropriate value that fits in will be 5.
Therefore, (60 + x)(70 - x) > 4225 will be:
= (60 + 5) × (70 - 5)
= 65 × 65
= 4225
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Out in the woods filming a documentary about timber rattlesnakes, your video camera runs out of batteries. The camera draws 0.25 Amps of current, and has an overall resistance of 72 Ohms. What voltage supply does this camera need - will your last 6 pack of 9V batteries do the job?
Answers
To determine if your last 6 pack of 9V batteries will provide enough voltage supply for the camera, we need to calculate the voltage required by the camera.
The voltage (V) can be calculated using Ohm's Law, which states that V = I * R, where V is the voltage, I is the current, and R is the resistance.
Given that the camera draws 0.25 Amps of current (I) and has an overall resistance (R) of 72 Ohms, we can calculate the voltage required as follows:
V = I * R
= 0.25 A * 72 Ω
= 18 V.
Therefore, the camera requires a voltage supply of 18 volts.
Since a standard 9V battery provides 9 volts, a single battery is not sufficient to power the camera. However, if you connect two 9V batteries in series (positive terminal of one battery connected to the negative terminal of the other), you can obtain a total voltage of 18 volts. Therefore, your last 6 pack of 9V batteries should be able to supply the required voltage for the camera if you connect two of them in series.
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which situation is an example of skimming?
a) pop-up windows on a computer asking for you pin
b) a retailer scanning your credit card to steal its number
c) bank statements stolen from your garbage
d) a phone call from someone pretending to be a bank employee
Answers
Answer:
B.) a retailer scanning your credit card to steal its number
Explanation:
The corporate research division of siemens files, on average, 25 patents a day. the patents are a(n) __________ resource.
Answers
The corporate research division of Siemens files an average of 25 patents a day. The patents are a(n) valuable resource. Patents are legal protections granted to inventors that give them exclusive rights to their inventions for a certain period of time.
These exclusive rights provide inventors with a competitive advantage in the market, as they prevent others from using, selling, or making their inventions without permission. In the context of the question, the patents filed by Siemens' corporate research division are considered a valuable resource. This is because patents can bring numerous benefits to the company. Protection of Intellectual Property: By filing patents, Siemens can protect its innovative ideas and technologies from being copied or used by competitors.
This ensures that the company can reap the rewards of its research and development efforts without fear of losing its competitive edge. Revenue Generation: Patents can also be monetized by licensing them to other companies or individuals who wish to use the patented technology. Siemens can generate additional income through licensing agreements, which can contribute to the company's overall financial performance.Innovation and Research Recognition: The number of patents filed by Siemens' research division serves as an indicator of the company's commitment to innovation. It demonstrates that Siemens is actively involved in developing new technologies and solutions, which can enhance its reputation in the industry and attract potential business partners or investors.
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Most of the unemployment that occurred during the great depression was.
Answers
Most of the unemployment that occurred during the Great Depression was the result of economic contraction. The Great Depression, which began in the United States in 1929, is a severe economic depression that lasted until the end of the 1930s.
What was it?Economic contraction led to most of the unemployment that occurred during the Great Depression. It was caused by the stock market crash of 1929, which led to the loss of billions of dollars in stock values. Investors lost confidence in the market, and banks began to fail as people withdrew their money.
Because of this, there was no cash flow in the economy. This led to the failure of businesses and industries that were dependent on the stock market. The industries that suffered most were steel and mining because they relied heavily on the construction industry to purchase their products.
With no jobs, people began to lose their homes and farms, and they were forced to move to the cities in search of work. The government's response was inadequate, and the Hoover administration did little to ease the suffering of the people.
The people became disillusioned with the government and sought change through the election of Franklin D. Roosevelt in 1932.
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The birthrate in the U.S. increases by 20%. Download the graph below and illustrate what will happen to supply and demand for college educations. Illustrate and label on the graph any shifts in supply or demand. Your labels should include D1, D2, S1, S2, E1, E2, and E3.
Answers
When the birthrate in the US increases, there would be an increase in the demand for college education. The demand curve would shift to the right.
What would happen in birth rate increase?When birth rate increases, there would be more children in the country. This would lead to more people needing college education. As a result, the demand for college education increases and this would shift the demand curve to the right.
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