Activities of a central motor pool that provides and services vehicles for the use of municipal employees on official business should be accounted for in a. General Fund. b. Enterprise Fund. c. Internal Service Fund. d. Special Revenue Fund.

Answers

Answer 1

Answer:

Answer:

c. Internal Service Fund

Explanation:

Internal Service Fund -

It refers to the sum of amount required to track the motion of any goods and services from one department to another , is referred to as internal service fund .

The amount spend on the internal service fund is used to determine the complete cost of providing the services and goods .

For example , maintenance is an example of the internal service fund .

Hence , from the given information of the question ,

The correct answer is c. Internal Service Fund .

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Which of the following is not an important question to ask when developing a data collection plan?a. Who will be responsible for collecting the data?b. What is the source of the data?c. What is the reason for collecting the data?d. Is it possible to make decisions without collecting data?
Regarding the AQCD criteria, strive to include all high quality factors in an external assessment for a firm. A high quality factor will meet ______ of the AQCD criteria; a low quality factor will meet ______ of the AQCD criteria. A. 3; 1 B. 3 or 4; 2 or fewer C. 3 or 4; 0 D. 4; 0 E. All; none
Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost $300. In each town, some people enjoy fireworks more than others.In the town of Bayport, each of the residents values the public good as follows:Resident Value(Dollars)Darnell 70Eleanor 90Jacques 150The total benefit of the fireworks display to the town of Bayport is ($ ).Therefore, fireworks (would/would not) pass the cost-benefit analysis in the town of Bayport.The mayor of Bayport proposes to decide by majority rule and, if the fireworks referendum passes, to split the cost equally among all residents.Who would vote in favor of the fireworks referendum? Check all that apply.DarnellEleanorJacques
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QUESTION 16 Which of the following will cause the equilibrium price of widgets to fall and the equilibrium quantity to rise? A. Widget workers agree a large wage decrease so that none of them will have to be laid off. B. A decrease in the price of an item that consumers consider a substitute. C. The government raises taxes on widget firms. D. An increase in the price of an item that producers consider a substitute

Answers

Answer: A. Widget workers agree a large wage decrease so that none of them will have to be laid off.

Explanation:

There are activities that affects supply function cost, like wages cost going down, pushing prices down as well. In this case, with everything else constant, when cost go down the productivity per factor increase, making it possible to produce the same quantity at a lower price, or to produce more at a same price

Ethical wrong is done either by intending to deceive consumers in order to manipulate their buying behavior, treating them as a mere means to one's own ends (the Kantian approach) or by the harmful consequences for consumers, competitors and overall market efficiency (the utilitarian approach) but not by both. A)TRUE B)FALSE

Answers

Answer:

The correct answer is letter "B": False.

Explanation:

Kantian ethics, named after Immanuel Kant (1724-1804), propose that actions such as theft or lying are absolutely forbidden even when the action brings the individual certain level of happiness. The Utilitarian Approach pursues obtaining maximum satisfaction by minimizing harm. Though, that minimal harm is subjective since it could represent greater harm for the individuals affected.

Thus, in both Kantian and utilitarian approaches ethical wrong is committed by deceiving consumers, producers, and the overall market efficiency.

Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.18 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 8,600 million shares.

Answers

Answer:

Explanation:

1. The journal entry for declaration of dividend is shown below:

Retained Earnings A/c Dr

= (8,600 million shares × $0.18 per share) = $1,548 million

To Dividend payable in cash $1,548 million

(Being dividend is declared)

2. No journal entry should be passed on the record date

3. The journal entry for payment of the cash dividend is shown below:

Cash dividend payable A/c Dr $1,548 million

To Cash $1,5480 million

(Being payment is made for cash dividend)

Final answer:

The journal entries made by BusinessSoftware Corp. to record the declaration and payment of the cash dividend for its 8,600 million shares involve debiting retained earnings and crediting dividends payable on the declaration date, and debiting dividends payable and crediting cash on the payment date.

Explanation:

The journal entries made by BusinessSoftware Corp. to record the declaration and payment of the cash dividend for its 8,600 million shares would be as follows:

Declaration Date:
Retained Earnings DR $1,548,000 (8,600 million shares x $0.18 per share)
Dividends Payable CR $1,548,000
Payment Date:
Dividends Payable DR $1,548,000
Cash CR $1,548,000

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If the government wants to reduce GDP by $500 million, the most appropriate action is: contractionary fiscal policy, which includes a reduction in government spending by $500 million.
contractionary fiscal policy, which includes a reduction in government spending by more than $500 million.
contractionary fiscal policy, which includes a reduction in government spending by less than $500 million.
expansionary fiscal policy, which includes an increase in government spending by $500 million.
expansionary fiscal policy, which includes an increase in government spending by more than $500 million.
expansionary fiscal policy, which includes an increase in government spending by less than $500 million.

Answers

Answer:

The correct answer is the first option: contractionary fiscal policy, which includes a reduction in government spending by $500 million.

Explanation:

On one hand, Gross Domestic Product, or GDP, is the name given in the field of economics, to the term that refers to a monetary measure of the market value of all the goods and services that are produced in the economy of a country in an specific time period of evaluation.

On the other hand, a contractionary fiscal policy indicates the fact of reducing the amount of money spent in the economy, therefore that the main focus of this type of policy is to try to lower the public expenditure basically.

Therefore that it is understandable that the correct answer is the first option where the action would be of reducing the government spending by $500 million, according to what the question ask.

Iris collected $150,000 on her deceased husband's life insurance policy. The policy was purchased by the husband's employer under a group policy. Iris's husband had included $5,000 in gross income from the group term life insurance premiums during the years he worked for the employer. She elected to collect the policy in 10 equal annual payments of $18,000 each.a. None of the payments must be included in Iris's gross income.b. The amount she receives in the first year is a nontaxable return of capital.c. For each $18,000 payment that Iris receives, she can exclude $500 ($5,000/$180,000 × $18,000) from gross income.d. For each $18,000 payment that Iris receives, she can exclude $15,000 ($150,000/$180,000 × $18,000) from gross income.e. None of these.

Answers

Answer:

d. For each $18,000 payment that Iris receives, she can exclude $15,000 ($150,000/$180,000 × $18,000) from gross income.

Explanation:

The life insurance proceeds of $150.000 are excluded from Iri's gross income. The income proportion of each annuity payment is $3.000 (18.000 - 15.000 recovery of capital). Which will be included in gross income.

The recovery of capital of each annuity payment is $15.000 [(150.000/180.000]. Which will be excluded.

In what circumstance is a Capital Projects Fund required to be used in governmental accounting? Select one: A. To record the acquisition or construction of all major capital assets, except infrastructure assets B. To record the acquisition or construction of all capital assets C. When capital projects are at least partially financed by general obligation bond proceeds D. To record the acquisition or construction of any capital asset that is not recorded in an Enterprise Fund

Answers

The correct answer is C) When capital projects are at least partially financed by general obligation bond proceeds.

The circumstance when a Capital Projects Fund is required to be used in governmental accounting is "When capital projects are at least partially financed by general obligation bond proceeds."

In governmental accounting, capital project fund serves to trace the financial resources that are used to have a capital asset that is considered major. This capital project has long-time goals and has large costs. The fund does not run forever. When the asset is done, the fund is terminated. You use this king of capital projects fund when there are plans to build public infrastructure that benefits the community such as roads, bridges, dams, or transportation projects.

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Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 shares in treasury stock. The journal entry to record the payment of the dividend is:

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A local bank advertises the following deal: "Pay us $100 at the end of each year for 12 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever." a. Calculate the present value of your payments to the bank if the interest rate is 4.00%.