The basis of accounting that is used by Enterprise Funds is Modified Accrual Basis
What is an Enterprise Fund?Enterprise Funds are used to account for operations that are similar to those of commercial businesses and that should be entirely self-financing. The majority of enterprises function like businesses in that they levy user fees, have few or no subsidizations from other funds, and use the accrual basis of accounting.
The modified accrual basis of accounting is used by Enterprise Funds. This implies that expenditures are reported when they are incurred, and revenue is recorded when it is measurable and available for expenditure on the current period's liabilities.
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A document that refers to a customer billing for merchandise bought on credit is called a(n):
Answer:
Invoice
Explanation:
A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.
An invoice can be defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.
In conclusion, a document that refers to a customer billing for merchandise such as finished goods like television, smartphone, shirt, trouser, cup, radio, furniture, etc., bought on credit is called an invoice.
jay and amile go trick-or treating. initially, jay gets skittles and amile gets a kit-kat. neither of them has to pay anything for this candy. their valuation of each good is given in the table below. they decide to trade. what is the new total economic surplus?
The trade has created additional value and increased the overall economic surplus.
To calculate the new total economic surplus, we need to first determine the individual surpluses of Jay and Amile before the trade.
Jay's surplus = Valuation of Skittles - 0 (since he didn't have to pay for it) = $4 Amile's surplus = Valuation of Kit-Kat - 0 (since he didn't have to pay for it) = $3 Before the trade, the total economic surplus is $7 ($4 + $3). After the trade, Jay and Amile will both have a higher surplus if they trade the candy they received. Jay values Kit-Kats at $6 and Amile values Skittles at $5, so they both stand to gain from the trade.
New surplus for Jay = Valuation of Kit-Kat (after trade) - Valuation of Skittles (before trade) = $6 - $4 = $2 New surplus for Amile = Valuation of Skittles (after trade) - Valuation of Kit-Kat (before trade) = $5 - $3 = $2 The new total economic surplus is $8 ($2 + $2 + $4), which is higher than the initial total economic surplus of $7. So the trade has created additional value and increased the overall economic surplus.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Riverside Inc. stock had returns of 9%, 1%, and 16% over the past three years. What is the standard deviation of these returns?
The standard deviation of the returns for Riverside Inc. stock over the past three years is 6.16%. This value indicates the average amount by which the individual returns have deviated from the average return. A higher standard deviation suggests greater volatility or variability in the stock's returns, while a lower standard deviation indicates more stability.
To calculate the standard deviation of Riverside Inc. stock returns, we need to follow a few steps:
Step 1: Calculate the average return.
First, we sum up the individual returns and divide by the total number of returns to find the average return. In this case, the sum of the returns is 9% + 1% + 16% = 26%. Since we have three returns, we divide the sum by 3 to get the average return: 26% / 3 = 8.67%.
Step 2: Calculate the difference between each return and the average return.
Next, we find the difference between each individual return and the average return. This step helps us measure how much each return deviates from the average. For example, the difference between the first return (9%) and the average return (8.67%) is 0.33%. Similarly, the differences for the second and third returns are -7.67% and 7.33%, respectively.
Step 3: Square the differences.
To eliminate the negative signs and emphasize the magnitude of the deviations, we square each difference. Squaring ensures that all differences are positive values. Squaring -7.67% gives 58.92%, and squaring 7.33% gives 53.71%.
Step 4: Calculate the variance.
The variance is the average of the squared differences. To find the variance, we sum up the squared differences and divide by the total number of returns. Adding up 58.92%, 0.33%, and 53.71% gives 113.96%. Dividing this sum by 3 (since we have three returns) gives the variance: 113.96% / 3 = 37.99%.
Step 5: Calculate the standard deviation.
Finally, we calculate the standard deviation by taking the square root of the variance. The square root of 37.99% is approximately 6.16%. Therefore, the standard deviation of Riverside Inc. stock returns over the past three years is 6.16%.
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1a) in the neo-classical model, the level of employment is determined by the level of aggregate demand.
In the neo-classical model, the level of employment is not primarily determined by the level of aggregate demand. Instead, the level of employment is primarily determined by the supply side factors, specifically the interaction of labor supply and labor demand in the labor market.
According to the neo-classical model, the level of employment is determined by the equilibrium between the quantity of labor supplied by individuals and the quantity of labor demanded by firms. Labor supply is influenced by factors such as population size, demographics, and individual preferences, while labor demand is influenced by factors such as productivity, technology, and the cost of labor.
In this model, the wage rate plays a crucial role in determining the quantity of labor supplied and demanded. As the wage rate increases, individuals may be incentivized to supply more labor, while firms may demand less labor due to higher labor costs. Conversely, a decrease in the wage rate may result in increased labor demand and reduced labor supply.
Aggregate demand, on the other hand, primarily affects the overall level of economic activity and output in the neo-classical model, rather than directly determining the level of employment. Changes in aggregate demand can lead to fluctuations in output and overall economic growth, but the labor market adjusts based on the underlying supply and demand dynamics.
It's important to note that there are alternative economic models, such as Keynesian economics, where aggregate demand plays a more prominent role in determining the level of employment. However, in the neo-classical model, the level of employment is primarily determined by the interaction of labor supply and labor demand, with aggregate demand influencing the overall economic conditions.
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Car dealerships make more money on financing than they do on the car. What does that tell you about the value of financing? who wins and who loses when a car is financed? why?.
Car dealerships make more money on financing than they do on the car. In regards to the value of financing, it tells me that financing is the big deal such as the in-house financing that gives a lot of profit.
The person who wins is the lender and who loses when a car is financed is the borrower since they loss through the interest that they pay.
Do dealerships profit from financing?Dealers profit greatly from in-house financing since they mark up the rate you are presented with.
The moment you purchase the vehicle, you become its new owner. The loan is then repaid to the lender over a period of time that works for you, along with additional interest. The rate of interest varies from lender to lender and typically is influenced by the length of the loan.
Hence, Car dealerships make more money on financing than they do on the car. In regards to the value of financing, it tells me that financing is the big deal such as the in-house financing that gives a lot of profit.
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Eileen is working for a marketing firm making $60,000 per year but considers starting her own marketing company. Eileen has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $70,000 for the rent of the office space, $210,000 for employee wages, and $5,000 for materials and utilities. Eileen plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%. Eileen's total explicit cost per year is Eileen's total cost per year is
Eileen's total explicit cost per year is $285,000, and her total cost per year, including the opportunity cost of quitting her job, is $345,000.
Eileen's total explicit cost per year for her own marketing company can be calculated by summing up the various expenses she will incur.
The annual cost of running the business includes:
- Rent for office space: $70,000
- Employee wages: $210,000
- Materials and utilities: $5,000
Summing up these expenses, we have:
$70,000 + $210,000 + $5,000 = $285,000
In addition to explicit costs, Eileen also needs to consider the opportunity cost of quitting her current job, where she earns $60,000 per year. This represents the income she gives up by choosing to start her own business.
Therefore, Eileen's total explicit cost per year is $285,000, and her total cost per year, including the opportunity cost of quitting her job, is $285,000 + $60,000 = $345,000.
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12X12+12-12=
answer is:
Answer:
144
Explanation:
Answer:
(12)(12)+12−12
=144+12−12
=156−12
=144
why do changes in reserve requirements have less predictable effects on the money supply in comparison to changes in open market operations?
because the rate of the reserve requirements is changed by the central bank the changes in reserve requirements have less predictable effects on the money supply in comparison to changes in open market operations.
The entire amount of money owned by the general population at a specific period is referred to as the money supply in macroeconomics. There are many ways to define "money," but common metrics typically comprise circulation-level money and demand deposits. A nation's central bank is permitted to establish its own definition of what constitutes legal money. A government agency or the nation's central bank often collects and publishes information on the country's money supply. The entire number of coins, bills, and bank account balances in circulation is known as the money supply. The money supply is typically thought of as a collection of secure assets that individuals, corporations, and governments may use to make payments or keep as short-term investments.
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Members of the general public cannot directly trade stocks and other securities on the exchanges or the over-the-counter market. Therefore, most individuals seek the help of a(n) _____.
Members of the general public cannot/cant directly trade stocks and other securities on the exchanges or the over-the-counter market. Therefore, most/many individuals seek the help of a(n) broker.
Investors can trade securities on stock exchanges and in over-the-counter (OTC) markets. Centralised markets known as stock exchanges are where traders of stocks, bonds, and other assets meet. The New York Stock Exchange (NYSE) and the NASDAQ are two of the most well-known exchanges.
Compared to trading on an OTC market, stock exchange trading is often more formal and regulated. On the other side, decentralised OTC marketplaces enable greater ad hoc trading between people and institutions.
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assume the quark division has enough idle capacity to fill the 1,000-unit order. is the division likely to accept the $340 price or to reject it?
The quark division is likely to reject the $340 price.
Since the question does not provide information about the variable cost or fixed cost associated with the production of the 1,000-unit order, we cannot determine the profitability of accepting the $340 price.
However, if the price is lower than the total cost of production, the division would likely reject it to avoid incurring losses. Moreover, even if the price is above the total cost of production, the division may still reject it if it believes it can obtain a higher price from alternative buyers.
Therefore, without more information about the cost structure and market conditions, it is difficult to determine the division's decision.
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In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:
Answer:
Statement of cash flows using the indirect method
Net income $52,000
Adjustments to net income:
Depreciation expense $30,000Increase in accounts receivable ($25,000)Increase in inventories ($5,000)Decrease in accounts payable ($18,000) ($18,000)net cash flow provided by operating activities $34,000
When you're finished using your Go ogle account, what should you do to help keep your information secure?
A. Reset your password.
B. Create a new username.
C. Send an e-mail.
D. Sign out.
Answer:
this is a very st upid question but i would say its D
Explanation:
A does make sense somehow but i dont think you would reset your password everytime you using go ogle
i dont know why B should help at all
C makes no sense at all
When you're finished using your Go-ogle account, you should always sign out to keep your information secure. Thus, option 'D' is the correct option.
How to keep your Go-ogle account safe?Go-ogle uses the strictest security measures to protect your personal data. The Advanced Protection Program protects individuals with sensitive information and high visibility from deliberate online assaults. Chrome's Safe Browsing shields 4 billion devices from dangerous websites, while Advanced Protection does even more thorough checks before each download. It alerts you to potentially hazardous files and may even stop you from downloading them.
Installations of apps are only permitted from trusted shops, such as the app store run by the company that makes your device. You are frequently prompted to grant access to your Go=ogle Account data, such as your contacts, location, or Drive, when you join up for new apps or services. Go=ogle Accounts have built-in security features that verify more than 1 billion stored passwords daily for breaches.
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Which of these can you invest in without assuming any risk?
(1 point)
bonds
property
stocks
none
Answer:
none
Explanation:
correct
joe foxhunter makes unique silver jewelry. loyal customers drive from miles around to buy the jewelry, which is sold only in his workshop. this jewelry is a specialty product.
Unique silver jewelry is created by Joe Foxhunter. Loyal clients travel great distances to purchase the jewelry from his studio, which is the only place it is offered. This jewelry is a unique item. This statement is true
A sizable segment of consumers is willing to make additional purchase efforts for specialty items because they have especially distinctive features and brand identifications. Examples include certain brands of upscale goods, high-end automobiles, gear for professional photographers, and designer apparel. A specialty product is a particular consumer commodity that is sold to customers in a small number of retail establishments and has a finite supply. These things are often high-end and cost more than other typical items that customers purchase more regularly.
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What should investors consider when planning for their retirement? Check all that apply. -the amount an employer will match for a 401(k) -the contributions an employer will make to an IRA -the ideal age to establish a particular retirement plan -the amount an investor is allowed to contribute annually -the tax laws and breaks related to different retirement plans -the amount that can be withdrawn early without getting taxed
In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.
Correct option is A, C, D and E.
1. The amount an employer will match for a 401(k):- you don't have to forget when you will need the money, retirement is years away, but you have to know what choices will make it worth by the time you need the money back. And it is also important to know really how much you can invest. When you have a large amount more options are available. But using a variety of investments will reduce the risk.
3. The ideal age to establish a particular retirement plan:- that will set you up for the plan you need. Below 50 or older.
4. The amount an investor is allowed to contribute annually, the federal law allows a maximum contribution for participants older than 50.
5. The tax laws and breaks related to different retirement plans:- retirement plans can often give you tax benefits in the present it depends to the one you choose. For example, the payment of the tax on the money deposited in a traditional 401 (k) plan can be delayed until the money is withdrawn from the account.
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Answer:
A,C,D,E
Explanation:
I did it and this was correct.
If you were to look at the CPI calculations based from 1984-1986, what of the following goods would likely be left out of that CPI calculation?
2. eggs
3.transmission fluid
4. televisions
5. smart phones
If you somehow happened to take a gander at the CPI computations based from 1984-1986 , smart phones would probably be avoided with regard to that CPI estimation. Option 5 is correct.
Smartphones have only recently been used in the 21st century, so it is unlikely that they were popular in the 1980 s.The Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services used by households, is the most well-known indicator of inflation.
A quantity-weighted average of the current month's index divided by the index value during the index base period is used to calculate the aggregate index for any given month. The ratio of the long-term monthly indexes is then used to calculate the monthly price change.
The Consumer Price Index (CPI) is a widely used indicator of economic inflation. A nation's citizens' standard of living falls as a result of rising inflation. It will lead to an increase in the price of living over time.
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A company's average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC) curves are shown. Use the point tool to plot two points that must be on the marginal cost curve. (If you are close, the points will snap to the correct location.)
The marginal cost curve represents the additional cost incurred by producing one more unit of output.
It can be derived from the total cost (TC) curve. The relationship between the marginal cost and average total cost (ATC) curves can also be used to locate points on the MC curve.Here's a general approach to plotting two points on the MC curve:
Determine the ATC at a particular level of output.Calculate the MC at that level of output using the relationship: MC = ATC - AVC (since MC is the difference between ATC and AVC).Plot the first point on the MC curve using the output level and corresponding MC.Repeat steps 1-3 for a different level of output to obtain the second point on the MC curve.
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question content area the increases in stockholders' equity attributable to selling services or products to customers are called a.revenues b.expenses c.assets d.liabilities
The increases in stockholders' equity attributable to selling services or products to customers are called Revenues.
What does Revenues mean?
Revenues refer to the total amount of money received by a company or organization from the sale of goods and services over a period of time. It is also sometimes referred to as "turnover" or "sales."
What does Stakeholder mean?
A stakeholder is a person, group, or organization that has a vested interest in the success of a project or venture. The outcome of a project can affect or be affected by stakeholders. Customers, suppliers, employees, shareholders, financiers, government agencies, and the community are all examples of stakeholders.
Therefore the correct option is A. Revenues.
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Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.
Answer:
Hazard Communication Standard (HCS) training program
Explanation:
The type of training described in this scenario is known as the Hazard Communication Standard (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.
A bond currently sells for $1,170, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 30 basis points, the price of the bond falls to $1,140. What is the duration of this bond
Answer:
8.53 years
Explanation:
Calculation for the duration of the bond
The first step is to calculate for Change in Bond Price
Change in Bond Price = -(30)/1,170
Change in Bond Price = -0.0256×100
Change in Bond Price =-2.56%
Second step is to find the Effective Duration
Effective duration = -0.0256/0.0030
Effective Duration = 8.53 years
Therefore the duration of this bond will be 8.53 years
Suppose that a paper mill "feeds" a downstream box mill. For the downstream mill, the marginal profitability of producing boxes declines with volume. For example, the first unit of boxes increases earnings by $40, the second by $36, the third by $32, and so on, until the tenth unit increases profit by just $4.
The marginal cost of production exceeds the marginal benefit, resulting in negative marginal returns.
The phenomenon that the marginal profitability of producing boxes decreases with volume is known as "diminishing marginal returns." As a result, it makes sense for the downstream mill to limit its production to nine boxes. The marginal profitability of producing boxes for the downstream mill declines with volume, which is known as diminishing marginal returns. For example, the first unit of boxes increases earnings by $40, the second by $36, the third by $32, and so on, until the tenth unit increases profit by just $4. Therefore, it makes sense for the downstream mill to limit its production to nine boxes. Any boxes produced beyond this point would not be profitable enough to justify the additional expense, so the marginal cost of production exceeds the marginal benefit, resulting in negative marginal returns.
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The pc business is the most profitable among all lenovo's products.
True
False
The statement is False. The pc business is not the most profitable among all lenovo's products.
While Lenovo is a prominent player in the PC business and has achieved significant success in that market, it is not accurate to claim that the PC business is the most profitable among all of Lenovo's products. Lenovo also manufactures and sells other products, including smartphones, tablets, servers, and other technology devices. The profitability of these different product lines can vary based on factors such as market demand, competition, and overall performance. Without specific financial data, it is not possible to definitively state which product category is the most profitable for Lenovo.
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A forensic accountant is similar to a(n) ______
because they both work to combat accounting fraud
A. international accountant
B. auditor
C. certified public accountant
D. general ledger accountant
SUBMIT
Answer:
B. auditor
Explanation:
The work of an auditor and that of the forensic accountants are very similar. They both examine financial records and statements of an organization to confirm their accuracy. The auditor and forensic accountant are specialized officers. They have been trained to detect fraudulent reporting in financial statements. After evaluating the books of account, they form an opinion based on their findings.
1. Fattal company sells an old piece of equipment for $1.000 cash. At the points same moment. it buys a new truck for $25.000. It paid also $2000 as dividends to its shareholders. The cash flow from investing activities for this company is:
A. $-22.000
B. $-20,000
C. $-24,000
D. $-180,000
E. None of the above
The cash flow from investing activities for this company is B. $-20,000.
The cash flow from investing activities includes the cash inflow from the sale of the old equipment and the cash outflow from the purchase of the new truck.
Cash inflow = $1,000
Cash outflow = $25,000
Net cash flow from investing activities = cash inflow - cash outflow
Net cash flow from investing activities = $1,000 - $25,000
Net cash flow from investing activities = -$24,000
However, we also need to consider the dividends paid to shareholders. Dividends are classified as cash flows from financing activities, not investing activities. Therefore, we need to subtract the dividends paid from the net cash flow from investing activities.
Net cash flow from investing activities - dividends paid = -$24,000 - $2,000
Net cash flow from investing activities - dividends paid = -$26,000
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What is the least amount of money a student should receive when doing work
study?
о A. $6 an hour
о B. Federal minimum wage
OC. State minimum wage
D. $7 an hour
SUBMIT
The correct answer is B. Federal minimum wage. The Federal Work-Study program requires that students be paid at least the federal minimum wage, which is currently $7.25 per hour.
Some states have a higher minimum wage rate, so if the state's minimum wage is higher than the federal minimum wage, then the student would need to be paid at the higher state rate.
When there are conflicting minimum wage rates, employers are required to pay the higher rate. It is important to note that some types of workers, such as tipped employees and workers with disabilities, may have a different minimum wage rate under certain circumstances.
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__________ is a control mechanism in which organizations make sure that the right people do the right things at the right time.
The hierarchy of authority is a control mechanism in which organizations ensure that the right people do things at the right time.
What the organizational structure?It is the set of components that make up the organizational whole, making its structure and systems aligned with its central objective. The structure is composed of three factors:
ComplexityFormalizationCentralizationTherefore, the hierarchy of authority is a part of the centralized organizational structure that will ensure that processes run correctly.
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Units of product that are only partially complete are contained in the ____ inventory
Units of product that are only partially complete are contained in the work-in-progress (WIP) inventory.
WIP inventory is a type of inventory that consists of partially completed goods or products that are in the process of being turned into finished goods.
These partially complete items have gone through one or more stages of production and are awaiting the next stage before they can be sold. WIP inventory is tracked separately from other types of inventory as it has different accounting implications.
This type of inventory is important to monitor, as it can impact the company’s bottom line, cash flow, and ability to meet customer demand. Proper management of WIP inventory helps the company maintain the optimal level of inventory and ensure that inventory is not overstocked or understocked.
Additionally, WIP inventory can help companies reduce costs and increase profits.
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Autocratic managers tend not to _____.
Answer:
Autocratic managers don't entertain any suggestions or consider initiatives from subordinates. This style of management is effective for quick decision making but is generally not successful in fostering employee engagement or maintaining worker satisfaction.
Explanation:
Which of these can you select in the Billing details tab to view an itemized invoice? Select all that apply. PrintView PDFDownload CSVSend to email address
In order to view an itemized billing detail the option that you can select is view PDF.
What is the billing invoice?This is an invoice that shows the amount of money that a person has been charged for a service or a product.
In order to view this, the prompt would be to ask to view the PDF of it which can then be printed out.
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