according to gasb statement no. 54, amounts related to encumbrances should be disclosed in the notes to the financial statements. group of answer choices true false
Answers
The correct answer for the statement '' according to gasb statement no. 54, amounts related to encumbrances should be disclosed in the notes to the financial statements.'' is True.
GASB Statement No. 54 requires that amounts related to encumbrances be disclosed in the notes to the financial statements. Encumbrances are commitments to purchase goods or services that have been made but not yet paid for, and they represent a portion of a government's budget that is set aside for specific purposes.
These amounts must be disclosed in the notes to the financial statements because they provide important information about a government's financial position and its ability to meet its financial obligations.
The disclosure must include the amount of encumbrances outstanding at the end of the reporting period, as well as any changes in those amounts during the period. The disclosure must also explain the nature of the encumbrances and how they relate to the government's operations.
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Related Questions
On january 1, you sold short one round lot (that is, 100 shares) of lowe's stock at $21 per share. on march 1, a dividend of $2 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $15 per share. you paid 50 cents per share in commissions for each transaction.
a. what is the value of the account on April 1st?
Answers
Answer:
Value of the account on April 1st = $300
Explanation:
Given:
Number of shares = 100
Buy back price = $15
Dividend per share = $2
Commission per share = $0.50
Price of each share = $21
Computation:
Proceed price = (21x100)-(0.50x100)
Proceed price = $2,050
Dividend = 2x100
Dividend = $200
Buy back price = (15x100)+(0.50x100)
Buy back price = $1,550
Value of the account on April 1st = $2050 - $200 - $1550
Value of the account on April 1st = $300
A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users' understanding of and confidence in financial reporting, b. enhance comparability among companies' financial statements. c. allow new and emerging practical problems to be more quickly solved. d. All of these answer choices are correct.
Answers
A soundly developed conceptual framework of concepts and objectives should increase financial statement users' understanding of and confidence in financial reporting, enhance comparability among companies' financial statements, and allow new and emerging practical problems to be more quickly solved. Thus, option D is the correct answer.
What is a conceptual framework?A conceptual framework is an analytical tool that comes in a variety of forms and contexts. It can be used in a variety of fields where an overall picture is required.
A well-developed conceptual framework of concepts and objectives should improve financial statement users' understanding and confidence in financial reporting, improve comparability among companies' financial statements, and allow for the faster resolution of new and emerging practical problems.
Therefore, option D is the correct answer.
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Explain three reasons why the results of market research may not be useful 
Answers
The reasons why market research may not be useful are centered around obtaining the exact accuracy and the cost of conducting the entire research pointing out poor research practices and inexperience which must be accurately managed.
The required three reasons why market research may not be useful are as follows:
Prevalent research methodologies - The prevalent research methodologies that have not been updated with time will always contain sampling errors, faulty differentiation of competitors, the portrayal of low outcomes, and inadequate assessment of market conditions.Time-consuming process -The process of data collection, and financial plan build-up requires a lot of time to complete, as a lot of combinations might be required to derive meaningful information. Time management constraints the client requirement and the said research may turn meaningless with re-designing.Non-adherence to research material protocols - Research methodologies might often violate the protocols pertaining to man, material, large data sets, and environment. On that note, market research may lose its main component to the client's requirement.Based on the above-mentioned three aforesaid points, the results of market research may not be useful all the time and cause the original output to be less than up to the mark.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
10. Your country takes in $350 million each year in tax money but chooses
spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
expansionary stance
contractionary stance
economic stance
neutral stance
Answers
The country takes expansionary stance on fiscal policy. Option A.
My country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides.
This suggests that my country has an expansionary fiscal policy. Expansionary policies involve governments increasing their spending and decreasing taxes to stimulate economic growth.
This type of policy encourages investment and consumption, which leads to an increase in economic output and employment.
The increased spending can also help to reduce inequality, as it can help those on lower incomes. Expansionary fiscal policy is beneficial in times of economic difficulty, as it can help to provide a much-needed boost to the economy.
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Sometimes events on Salesforce need to be handled by an external system due to the scale or type of process being executed. Consider the use case of a user in Salesforce needing to get pricing for an order they are building in Salesforce while on the phone with a customer. The pricing logic already exists in a third-party system. Instead of creating this logic in Salesforce, it will be leveraged by making a request of the third-party system. The response, in this case the pricing, will be returned and stored back in Salesforce. What is the optimal solution
Answers
Answer:
A trigger that upon saving
customer order, will make a real time callout saving the pricing back in Salesforce
Explanation:
Salesforce a software that is used to organise customer interactions in such a way that transactions between the company and customer is effectively managed by the software.
In the given scenario pricing needs to be handled by an external system. The response will be returned and stored back in Salesforce.
Instead of doing this manually the best solution will be to have an trigger that starts a real-time callout, saving the pricing back in the salesforce.
An trigger allows one to perform customised actions before or after an event. The action can be an update or deletion.
what is the formula for velocity
Answers
You can find velocity by dividing the distance by the time. v = d/t
how do product managers manage their product mix
Answers
Answer:
sorry if this dosent help
Explanation:
Considering the leap from being a product manager to a leadership role, but not sure what’s involved in managing product managers? You’re smart to look into this. The responsibilities of product leadership and the skills required, are very different those of a product manager.
Managing product managers can be an exciting and rewarding career. But before we jump into the details, here’s one key point that might change your perspective.
1. Show the first 4 months of the amortization schedule for a mortgage of $225,000 with bi-monthly payments at an annual interest rate of 3.95% amortized over 25 years. Complete your work in a chart similar to the examples on the previous page.
Answers
Bi-monthly payments mean that there are 24 payments in a year.
The given information: Mortgage amount = $225,000 Annual interest rate = 3.95%Amortization period = 25 years First 4 months of the amortization schedule with bi-monthly payments: To calculate the bi-monthly payments, we need to find the periodic interest rate and the number of payments. Bi-monthly payments mean that there are 24 payments in a year. Therefore, periodic interest rate = (annual interest rate/100)/24= (3.95/100)/24= 0.0016458333n = Total number of payments = 25 years × 24 payments/year= 600 payments Using the above formulae, we get, P = (A × r)/(1 - (1 + r)^-n) where, P = Bi-monthly payment A = Mortgage amount r = Periodic interest rate n = Total number of payments P = (225000 × 0.0016458333)/(1 - (1 + 0.0016458333)^-600)P = $936.22. The first four months of the amortization schedule with bi-monthly payments are given below: Month Beginning balance Payment Interest Principal Ending balance 1$225,000.00$936.22$738.44$197.78$224,802.222$224,802.22$936.22$737.75$198.46$224,603.783$224,603.78$936.22$737.06$199.16$224,404.624$224,404.62$936.22$736.37$199.85$224,204.78. The above chart shows the monthly schedule of payments.
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How much is $60 dollars in pounds?
Answers
With a current conversion rate of 0.8083, 60 dollars USD equals 48.50 GBP (British Pounds).
What is the name of a dollar?A "buck" or "single" is the term used to describe the $1 bill. The $2 bill, which is infrequently used, is frequently called the "deuce," "Tom," or "Jefferson" (after Thomas Jefferson). The dollar is a currency used by more than 20 nations. The United States dollar, which was established in 1792 and named after the local currency known as the Spanish dollar, was the first still-existing currency with such a name. The Australian dollar, the Brunei dollar, the Canadian dollar, the Eastern Caribbean dollar, the Hong Kong dollar, the Jamaican dollar, the Liberian dollar, the Namibian dollar, the New Taiwan dollar, the New Zealand dollar, the Singapore dollar, and the Trinidad and Tobago dollar are just a few additional currencies.
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The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps
Vendors submit invoices prior to receiving purchase orders from companies.
True
False
Answers
Answer:
False
Explanation:
Only after the purchase was approved
What is a wholesaler?
A. An intermediary that manufactures products,
B. An intermediary that makes goods convenient for consumers to
buy
C. An intermediary that makes goods convenient for businesses to
buy.
D. An intermediary that purchases goods for personal use.
Answers
Answer:
C. An intermediary that makes goods convenient for businesses to
buy.
Explanation:
Wholesalers are businesses that buy finished products from manufacturers and sell them to retailers. They are members of the supply chain. Wholesalers buy goods in bulk, break the bulk, and sell them to retailers. In some instances, some wholesalers may sell directly to consumers.
Retailers are businesses that sell to end consumers. They are the primary customers to wholesalers. Therefore, wholesalers are intermediaries who sell to other businesses.
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
Answers
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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What are the dangers to Gillette of targeting emerging markets?
Answers
Targeting emerging markets can be a lucrative strategy for companies, but it also comes with certain dangers.
Here are some of the dangers to Gillette of targeting emerging markets:
Political and regulatory risks: Emerging markets can be unstable and prone to political and regulatory risks, such as corruption, government intervention, and changing regulations. These risks can make it difficult for companies to do business in these markets and can lead to unexpected costs and delays.
Cultural and language barriers: Emerging markets often have different cultures and languages than developed markets, which can make it difficult for companies to understand and connect with consumers. This can lead to miscommunication and misunderstandings, which can damage the company's reputation and make it difficult to build a loyal customer base.
Limited infrastructure and supply chain: Emerging markets often have limited infrastructure and supply chain capabilities, which can make it difficult for companies to source raw materials and distribute their products. This can lead to delays and increased costs, which can impact the company's profitability.
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Is Eugene being paid fairly? Use data from the website to support your answer
Answers
No, Eugene is not being paid fairly according to the national salary scale.
Is Eugene being compensated adequately?According to the Dice Salary Calculator for accountants with one year of experience, the national average salary is $52,000. Comparing this figure to his annual pretax income of $47,500, it becomes evident that he is being underpaid.
Given his position as an accountant in a midsize company, it would be reasonable to expect a salary closer to or exceeding the national average. Eugene may consider negotiating for a raise or exploring other job opportunities to ensure he receives fair compensation for his skills and experience.
Missing piece:
Noelle: Let’s figure this out for you. First, how old are you, what kind of work do you do, and, if you don’t mind sharing, what is your annual pretax income?
Eugene: I’m 23 years old, I’m in my second year as an accountant at a midsize company, and I only make $47,500 per year!
Noelle: Let’s tackle your income concerns first by checking out Dice Salary Calculator for an accountant using the following information:
Location: National Average
Years of Experience: 1
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How might large federal deficits affect future economic growth? How would your answer change if foreign confidence in the ability of the United States to repay its debts erodes?
Answers
Large federal deficits can affect future economic growth in several ways, including increased borrowing costs, reduced public investment, and potential inflationary pressures.
If foreign confidence in the United States' ability to repay its debts erodes, the consequences may be more severe, including higher interest rates, reduced investment, and potential economic instability.
To elaborate, large federal deficits require the government to borrow more money, which can lead to higher interest rates. These higher rates can discourage businesses and consumers from borrowing and investing, thereby slowing economic growth.
Additionally, large deficits may cause the government to reduce public investment in areas such as infrastructure, education, and research. This can have long-term negative effects on the economy by lowering productivity and innovation.
Inflationary pressures can also arise due to large deficits, as the government may opt to print more money to cover its expenses. This can lead to higher prices and reduced purchasing power for consumers, negatively impacting economic growth.
If foreign confidence in the United States' ability to repay its debts erodes, the situation may worsen. Higher interest rates could become even more pronounced as foreign investors demand greater returns to compensate for the perceived risk.
This, in turn, can lead to reduced investment in the U.S. and potential economic instability. In this scenario, the negative consequences of large federal deficits on future economic growth may be even more severe.
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4) The ________ function is responsible for identifying customers.
A) finance and accounting
B) human resources
C) manufacturing and production
D) sales and marketing
E) distribution and logistics
Answers
The correct answer is D) sales and marketing.
The sales and marketing function is responsible for identifying customers. This function focuses on understanding the target market, conducting market research, and developing strategies to attract and engage potential customers. It involves activities such as market segmentation, customer profiling, lead generation, and customer relationship management.
The sales and marketing team analyzes customer needs, preferences, and behaviors to create effective marketing campaigns, promotional activities, and sales tactics. By identifying customers, the sales and marketing function plays a vital role in driving revenue generation and business growth. They are responsible for building relationships with customers, communicating the value of products or services, and ultimately converting leads into sales.
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I will mark you as brainliest!
During the___step of the product development process a business will
likely have a fully functioning prototype of a new product.
A. product and promotion development
B. idea screening
C. post-launch review
D. business analysis
Answers
During the option B. idea screening step of the product development process a business will likely have a fully functioning prototype of a new product.
What function does a prototype serve in the creation of a product?New product development often starts with a concept study, then moves on to prototype development, actual productization, production, and post-sale support.
Prototypes are physical depictions of the various stages of development from the initial concept to the finished product. Every stage of the prototyping process provides useful information on how to produce a final design that will best serve the development project's ultimate objectives.
Note that By using prototypes, you can ensure that your final product is both safe and compliant with regulations in your sector. Cost-saving measures - Any alterations you make during the prototyping stage, whether to the product design, the materials used, or the production procedures, may enable you to reduce the price of the finished product.
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Answer: A: product and promotion development
Explanation:
why is agriculture considered as a basic level of occupation explain with of explain with example
Answers
Answer:
Explanation:
Agriculture is important occupation throughout the world because it is like a backbone to all other occupations and especially its important for we humans to survive. If there is no agriculture then there will not be any healthy population to support any other occupation and hence a very poor world.
for projects of other-than-average riskiness, the discount rate assigned to that project should be based on:
Answers
The firm's total weighted average cost of capital should be the foundation upon which the discount rate for projects with above-average riskiness is determined.
Does the discount rate correspond to the capital cost?The discount rate is the rate used to discount future cash flows from an investment to the present value in order to assess whether an investment will be successful, whereas the cost of capital refers to the minimal rate of return required from an investment to make it worthwhile.
WACC is used as a discount rate; why?When a company wishes to earn as much cash flows as it is paying investors for their capital, the WACC is employed as a discount rate.
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Palmona Company establishes a $310 petty cash fund on January 1. On January 8, the fund shows $205 in cash along with receipts for
the following expenditures: postage, $43; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $32. Palmona
uses the perpetual system in accounting for merchandise inventory.
1. Prepare the entry to establish the fund on January 1.
2. Prepare the entry to reimburse the fund on January 8 under two separate situations:
a. To reimburse the fund.
b. To reimburse the fund and increase it to $360. Hint. Make two entries.
Answers
The entry to establish the fund on January 1 is: Debit Petty Cash Fund 310, Credit Cash 310
How to prepare journal entry?1. Entry to establish the fund on January 1:
Debit Petty Cash Fund 310
Credit Cash 310
2a. Entry to reimburse the fund on January 8:
Debit Postage Expense 43
Debit Transportation-In Expense 14
Debit Delivery Expense 16
Debit Miscellaneous Expense 32
Credit Cash 105
2b.8-Jan
Debit Petty Cash $255
($360 - $105)
Credit Cash $255
(Being increment of petty cash recorded)
Therefore the entry is Debit Petty Cash Fund 310, Credit Cash 310.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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l
∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Answers
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
Unique Value Proposition which is healthier bread and cake recipes20 years experience in baking which translates to strong industry knowledgeWeaknesses
Insufficient Equipment to go withWeak or zero visibility for new businessOpportunities
Little or no competition as the recipes are unique to meHuge demand for healthier pastry especially in my current locationThreats
The industry is heavily regulated and may be shut down if there are compliance issuesOne competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.Part II
Answer:
The persons I would give the business plan to are:
My family An angel investor who I met on LinkedIn who supports small businesses and start-upsMy banker of over 20 yearsI would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come byBanks always have the funds but the funds come at a higher cost than the first two.Cheers
Why does supplier competition make it harder for an entrepreneur to be successful
Answers
Answer:
because the supplier is already supplying sellers with what the entrepreneur is supposed to be selling and if more people are going to the other suppliers than no one will buy it from the entrepreneur because they can get it from suppliers
Explanation:
sorry if its wrong!
Its gives other entrepreneur advantage over the entrepreneur in question.
Suppliers encompasses people who supplies raw materials, finished goods to the users which can be an organisation or an entrepreneur.
Now, when there is competition, people tends to approach suppliers whose goods are cheaper. This gives some entrepreneur advantage over others because they sells at price at lower than their competitors.A typical example is when a supplier prefers to supply goods to an entrepreneur in an axis based on previous relationship. Other entrepreneur may suffers because they might get the product at higher price from another supplierIn conclusion, if price ceiling are employed, it will make uniform the price at the all suppliers will sell their goods to entrepreneur, hence, no entrepreneur will at higher advantage than others
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What do pilots do on a daily basis? What kinds of skills and knowledge does a pilot need to have? Do you think you would want the job of pilot? Why or why not?
NO LINKS I WILL REPORT!! 15 POINTS PLEASE ANSWER QUICKLY!!!
Answers
What are you paying for when you lease a car? A.the purchase price of the car
B.)the production costs of the car
C.)rent on a parking space
D.)the decrease in the car's value
Answers
Answer:
D
Explanation:
when you lease a vehicle, your monthly payment will be calculated based on the vehicle's depreciation, or the change between its current value and its value at the end of the lease obviously plus interest and fees. .
Two qualities that a good ___________ should have are to be persistent and not accept rejection.
A). product manager
B). founder
C). salesperson
D). account manager
Answers
What is the difference between the conditions of secured and unsecured loans?
Question options:
Collateral is required from the borrower for secured loans; no requirement for collateral is required for unsecured loans.
Larger down payments are required for secured loans; smaller down payments are required for unsecured loans.
Longer payment schedules are associated with secured loans; shorter payment schedules are associated with unsecured loans.
At least two cosigners are required for secured loans; only one consigner is required for unsecured loans.
Answers
Answer:
if you are approved for a secured loan, a lender will put a lien on an asset until the loan is paid off. An unsecured personal loan, by contrast, does not require any collateral. Examples of unsecured loans can include credit cards, student loans, unsecured personal loans, and unsecured personal lines of credit.
Candy is trying to decide between two job offers. The compensation package for job A includes a $300 per-month health insurance plan, to which Candy would contribute $95; a $40 per-month life insurance plan; a salary of $65000 per year; and a 5% match on 401(k) contributions. The compensation package for job B includes a $400 per-month health insurance plan, to which Candy would contribute $105; a $50 per-month life insurance plan; a salary of $64000 per year; and a 9% match on 401(k) contributions. Candy plans to contribute $8000 per year to her 401(k) plan, What is the yearly value of health insurance benefit from job A? How about the yearly value of the health insurance benefit from job B?
Answers
Answer:
Job A's health insurance benefit = $2,460 per year
Job B's health insurance benefit = $3,540 per year
Explanation:
we have to calculate the net monthly benefits for each health insurance plan offered to Candy = total insurance plan benefit - candy's contribution.
Then we multiply the monthly benefit by 12 months to find the yearly value.
Job A's health insurance benefit = $300 - $95 = $205 x 12 months = $2,460 per year
Job B's health insurance benefit = $400 - $105 = $295 x 12 months = $3,540 per year