In an Internal Service Fund, the expectation is that:_____.A. Each year's revenues should equal each year's expenses because the revenues are simply an allocation of that year's expenses. B. Expenses will exceed revenues because depreciation expense is reported in an Internal Service Fund. C. Accumulated revenues over time should approximately equal the accumulated expenses over time. D. Each year's revenues should equal each year's expenditures because the revenues are simply an allocation of that year's expenditures.E. None of these answers is correct.
Answers
Answer:
In an Internal Service Fund, the expectation is that:_____.
A. Each year's revenues should equal each year's expenses because the revenues are simply an allocation of that year's expenses.
Explanation:
There are two proprietary funds used in governmental accounting. One is the internal service fund. The other one is the enterprise fund. The internal service fund tracks the goods or services rendered by a service department to other governmental departments. It is established on a cost reimbursement basis. This is why the expenses for the year are expected to equal the annual revenue.
Related Questions
Our business has been running
for a bit. As in the last lesson,
we've made some sales and paid
rent. To see how these are
recorded in a journal, click
Accounting Docs-Journal.
The most recent transaction is at
the bottom.
What is our most recent
transaction?
A- Purchase of parts
B- Sale, paid by cash
C- Payment of rent
Answers
The most recent transaction is Option B. Sale, paid by cash
This is indicated by the last entry at the bottom of the journal as the most recent transaction. Journal entries are used to record financial transactions. They provide a record of every transaction that takes place in the company. The purpose of a journal is to keep a record of all business transactions in chronological order.
As a result, each transaction is recorded in the journal as it happens so that the company has a complete record of its financial dealings. The journal is also used to create an audit trail of the financial transactions that have occurred. The most recent transaction in the journal is at the bottom, which means that all the previous transactions have been recorded. In this case, the most recent transaction is a sale that was paid for by cash.
This means that the company has made a sale and has received payment in cash. This information is important because it allows the company to keep track of its sales and revenue. It also helps the company to identify any potential issues with its cash flow, such as if there are delays in payments or if there are any other problems that need to be addressed. Therefore, the correct option is B.
Know more about Journal entries here:
https://brainly.com/question/28390337
#SPJ8
Irfan runs a small business. His business’s total liabilities amount to $200,000. His net profit for the latest accounting period is $50,000. The total value of all the business assets comes to $600,000. What is the debt to asset ratio in the case of Irfan’s business? The debt to assets ratio of Irfan’s business, to two decimal places, is percent.
Answers
Small businesses are either services or retail operations like grocery stores, medical stores, tradespeople, bakeries, and small manufacturing units.
What is the meaning of Small businesses?Small companies typically offer services or are retail establishments like grocery stores, pharmacies, tradesmen, bakeries, and micro-manufacturing facilities. Small businesses are privately held companies that need less equipment, labor, and cash than larger companies.
The most straightforward type of business is a sole proprietorship. Small businesses are distinct legal entities such as corporations, partnerships, and sole proprietorships that have fewer employees and/or lower yearly income than a regular-sized company. Businesses are considered "small" if they are eligible for government assistance and favorable tax treatment.
Learn more about the Small Business here:
https://brainly.com/question/13424073
#SPJ1
Why does the bank generally print the address of the check writer on the upper left-hand corner of the check?
Maria V. Bowen’s Check for $42.92 is dated March 6, 2019. Pay to the order of Credit Card Company.
A. To prevent people from bouncing a check (i.e., a NSF transaction)
B. To contact the check writer if a check bounces.
C. To advertise its products on the front of a check.
D. To prevent people from stealing checks.
Answers
To contact the check writer if a check bounces the bank generally print the address of the check writer on the upper left-hand corner of the check.
Option B is correct
The bank generally prints the address of the check writer on the upper left-hand corner of the check to be able to contact the check writer if a check bounces or is returned due to non-sufficient funds (NSF). By having the check writer's address on the check, the bank can contact the check writer to inform them that the check bounced and to try to resolve the issue.
This also helps the bank to verify the identity of the check writer and to prevent check fraud.
Option B is correct
To know more about Credit Card . here
https://brainly.com/question/26857829
#SPJ1
Which of the following is not true about emergency funds?
O They help remove the worry about expenses not listed in the budget.
O They help you prepare for unexpected expenses.
O They are used for anything listed in the budget.
O They can keep you from borrowing money from friends and family members.
Answers
Emergency funds are typically set aside to cover unexpected expenses that are not included in the regular budget. The statement "They are used for anything listed in the budget" is not true about emergency funds. Hence, option C is the correct answer.
These expenses may include medical emergencies, car repairs, home repairs, job loss, or any unforeseen financial hardships. The purpose of an emergency fund is to provide a financial safety net for unexpected situations that can disrupt one's financial stability.
On the other hand, expenses listed in the budget are part of the regular planned expenses, such as rent or mortgage payments, groceries, utilities, transportation, and other recurring costs.
Hence, option C is the correct answer.
Learn more about emergency funds here:
brainly.com/question/14564932
#SPJ6
Suppose that in a given month $51 million is deposited into the banking system while $55 million is withdrawn. Also suppose that the Fed has set the reserve requirement at 25 percent and that banks have no excess reserves at the beginning of the month. What is the maximum amount of new checkable-deposit money that can be created (or removed) by the banking system as a result of these deposits and withdrawals?
Answers
Answer and Explanation:
The computation of the maximum amount of new checkable deposit money is given below:
The Net impact represent the decrease in the reserves by
= $55 million - $51 million
= $4 million
Now the
Multiplier = 1 ÷ Reserve requirement
= 1 ÷ 25%
= 4
Now Decrease in money supply is
= $4 million × 4
= -$16 million
You are at the checkout counter at the local supermarket, use your debit card to pay for your groceries, and select "debit" when the cashier asks "Debit or credit?" Where does the money for this purchase come from?
Answers
Answer:
the Money comes from my savings account (Bank account)
Explanation:
the debit means that the money that we use is ours.
the credit means that the money is lent to us by the bank which we have gotten the card from. Choosing debit means that the money being spent comes from our own bank account.
The maximum quantity that an economy can produce, given its existing levels
of labor, physical capital, technology, and institutions, is called:
real GDP.
potential GDP.
aggregate supply.
aggregate demand.
Answers
The maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called potential GDP.
Thus, the correct option is B.
What is GDP?
The total worth of all commodities and services generated as final goods and services inside a nation's boundaries throughout a year is known as the gross domestic product (GDP), which is calculated after deducting all intermediate consumption.
The Federal Republic of Germany's gross domestic product for 2018 was 3,388 billion.
GDP is significant since it provides information on the size and health of an economy. Real GDP growth is frequently used as a gauge of the economy's overall health. In general, an increase in real GDP is seen as a positive indicator of the health of the economy.
When a nation has a positive trade balance or surplus, its GDP rises. However, a trade deficit occurs when a nation spends more on importing goods and products than on exporting them, which lowers GDP.
Learn more about GDP, here
https://brainly.com/question/15682765
#SPJ1
The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.
A) Determine the:
1)NPV
2) IRR (Assume the above mentioned rate is the cut off point)
3) Pi
4) Payback period (expected period t is 3 years)
5) Discount payback period of both project (expected period is 4 years)
B) Make a decision whether to accept or reject the projects as individual project
C) Make a decision for both projects assume they are mutual exclusive type of projects
D) Make a decision for both projects assume they are mutual exclusive type of projects
Answers
A) Calculating the financial metrics for the projects:
For project X: Net Present Value (NPV): Discounted Cash Flow (DCF) for project X:
Year 1: Rs 40,000 / (1 + 0.10)^1 = Rs 36,363.64
Year 2: Rs 30,000 / (1 + 0.10)^2 = Rs 24,793.39
Year 3: Rs 50,000 / (1 + 0.10)^3 = Rs 37,190.08
Year 4: Rs 20,000 / (1 + 0.10)^4 = Rs 13,322.31
NPV = Sum of DCF - Initial Cash Outlay
NPV = Rs 36,363.64 + Rs 24,793.39 + Rs 37,190.08 + Rs 13,322.31 - Rs 100,000
NPV = Rs 111,669.42 - Rs 100,000
NPV = Rs 11,669.42
Internal Rate of Return (IRR):
Using the cash inflows and the initial cash outlay, we can calculate the IRR using a financial calculator or Excel. The IRR for project X is approximately 16.26%.
Profitability Index (PI):
PI = (Present Value of Cash Inflows) / (Initial Cash Outlay)
PI = (Rs 36,363.64 + Rs 24,793.39 + Rs 37,190.08 + Rs 13,322.31) / Rs 100,000
PI = Rs 111,669.42 / Rs 100,000
PI = 1.1167
Payback Period:
The payback period is the time it takes for the initial investment to be recovered.
Payback Period = 2 years and 8 months (approximately)
Discounted Payback Period:
To calculate the discounted payback period, we compare the discounted cash inflows to the initial cash outlay.
Discounted Payback Period = 3 years
For project Y:
NPV:
Discounted Cash Flow (DCF) for project Y:
Year 1-7: Rs 12,500 / (1 + 0.12)^1 + Rs 12,500 / (1 + 0.12)^2 + ... + Rs 12,500 / (1 + 0.12)^7 = Rs 69,282.60
NPV = DCF - Initial Cash Outlay
NPV = Rs 69,282.60 - Rs 50,000
NPV = Rs 19,282.60
IRR: The IRR for project Y is approximately 12%.
PI:
PI = (Present Value of Cash Inflows) / (Initial Cash Outlay)
PI = Rs 69,282.60 / Rs 50,000
PI = 1.3857
Payback Period:
The payback period for project Y is 4 years.
Discounted Payback Period:
Discounted Payback Period = 4 years
B) Decision for Individual Projects:
For project X:
NPV is positive (Rs 11,669.42)
IRR (16.26%) is greater than the discount rate (10%)
PI is greater than 1 (1.1167)
Payback period is less than the expected period of 3 years
Discounted payback period is less than the expected period of 4 years
Therefore, project X should be accepted as an individual project.
For project Y
For more such questions on Present Value
https://brainly.com/question/30975786
#SPJ8
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
Learn more about promissory note here:https://brainly.com/question/27132271
#SPJ1
Allison lives in the United States and has just retired. It is the end of October 2018. She has long had dreams of cruising the fjords on the west coast of Norway, visiting Buckingham Palace in the United Kingdom, seeing the cherry blossoms in Japan, and going to the top of the Eiffel Tower in France. She last considered all four options on New Year's Day 2008. She would like to select her trip based on which country´s currency has subsequently weakened the most against the U.S. dollar. Where should she go on vacation?
Answers
Answer:
In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP?
Click card to see definition
If the measurement of economic activity evolves, GDP can change.
Explanation:
Based on the weakened conditions of a currency exchange against the U.S. Dollar between 2008 and 2018, it would be advisable for Allison to go on a vacation for visiting Buckingham Palace in the United Kingdom.
What is the significance of currency exchange?A currency exchange can be referred to or considered as the rate at which the currency of one country compares with the currency of any other country. U.S. Dollar is currently the strongest currency in the world.
When a comparison between the currencies like the American Dollar and Euros is done, it is found that there is a degrowth in the value of Euros against the dollars, and thus, vacation in such country will be cheaper for Allison to visit to.
Therefore, the significance regarding currency exchange has been aforementioned.
Learn more about currency exchange here:
https://brainly.com/question/13736607
#SPJ2
The general ledger can be used to determine which of the following (select all answers which apply):
• which accounts are being used by a company and their balances at any given time.
• common and unique accounts used by a business.
• increases and decreases in all accounts in a business.
Answers
The general ledger can help in the determination of :
which accounts are being used by a company and their balances at any given time.common and unique accounts used by a business. increases and decreases in all accounts in a business.What is the General Ledger ?A general ledger is a bookkeeping ledger where accounting data are combined from subledgers including accounts payable, accounts receivable, cash management, fixed assets, and projects as well as recorded from journals.
The accounting data needed to create the company's financial statements would be kept in the general ledger. To account for revenues, expenses, assets, liabilities, and owners' equity, the transaction data would be divided into categories based on type. It fluctuates in all accounts within an entity and is both uncommon and common.
Find out more on the General Ledger at https://brainly.com/question/21093235
#SPJ1
2
Type the correct answer in the box. Spell all words correctly.
Why are we forced to make choices in day-to-day life?
resources.
We are forced to make choices in day-to-day life because Recourses
Answers
Answer:
help us stay alive and live
Explanation:
What is outsourcing, and why do companies outsource, describe the various types of outsourcing models with examples
Answers
Outsourcing is described as the practice in business through which a third-party company is hired to perform specific services or functions. Companies outsource because they want to reduce their operation costs.
What does the word outsource mean?
The word outsource means to receive or get any service or product from another source or any outside source.
Outsourcing is an effective practice followed by companies around the world to reduce their costs of operation. Companies look to third-party companies that have the expertise to carry out jobs and tasks in specific fields. This allows the company to use another party to complete its work. This process effectively reduces work burden and tasks can be performed effectively and in less time.
It can be concluded that outsourcing is described as the practice in business through which a third-party company is hired to perform specific services or functions. Companies outsource because they want to reduce their operation costs.
To know more about outsourcing, check this link:
https://brainly.com/question/4456416
#SPJ9
What are 2 key benefits of budgeting?
Answers
Budgeting allows for effective financial management, empowering individuals and organizations to control their finances, plan for the future, achieve goals, and enhance long-term security.
Budgeting offers several key benefits for individuals, households, businesses, and organizations. Here are two key benefits of budgeting:
Financial Control and Planning: Budgeting provides a framework for financial control and planning.
By setting clear financial goals and allocating resources effectively, individuals and organizations can have better control over their income, expenses, and overall financial situation. Budgeting allows for proactive decision-making, as it helps identify areas of overspending or potential savings, enabling adjustments and course corrections as needed.
It helps in prioritizing expenses, reducing wasteful spending, and ensuring that financial resources are allocated in line with priorities and objectives.
Goal Achievement and Future Security: Budgeting plays a crucial role in goal achievement and future security. By setting specific financial goals, such as saving for a house, education, retirement, or business expansion, budgeting helps individuals and organizations allocate resources towards these goals systematically.
It provides a roadmap for saving and investing, ensuring progress towards long-term objectives. Budgeting also helps in managing debt effectively, reducing financial stress, and building a strong financial foundation for the future.
By establishing savings and emergency funds, budgeting provides a safety net, enhancing financial resilience in case of unexpected events or economic downturns.
For more question on financial visit:
https://brainly.com/question/1265337
#SPJ8
Nora is creating a vision statement for a company that creates educational content for students. What should she keep in mind?
Answers
Answer:educational strategies
Explanation:
what are business letters
Answers
If you had a clause in your wage contract that increased your wage bythe rate
of inflation as measured by the CPI calculated above, wouldyour standard
of living increase, decrease, or stay the same over the years 2003–2005?
Why
Answers
If wage is increased at the inflation rate measured by the CPI, the standard of living would increase. This is because the CPI overstates inflation.
What is the CPI?The consumer price index measures the changes in price of a basket of good. It is used to measure inflation.
Inflation is when there is a persistent rise in the general price levels in an economy. Inflation can be as a result of increase in the cost of production or an increase in the demand for goods and services. The consumer price index usually overstates inflation.
Consumer price index = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
One of the measures of the standard of living, is if wages rise in tandem with inflation. If the rate of increase in wages is greater than that of inflation, the standard of living is higher.
Please find attached the table. To learn more about, consumer price index, please check: https://brainly.com/question/26382640
#SPJ1
Value stream mapping is used to identify all of the value-adding as well as non-value-adding processes that materials are subjected to within a plant.
a. true
b. false
Answers
which of the following statements about the audience planning tool is incorrect. select all correct responses
a. Advertisers can use the audience planning tool to request insights from other brands.
b. The audience planning tool assesses the estimated number of customers that are engaged in the advertiser’s brand at each stage of the customer journey.
c. The audience planning tool can be used to help inform advertising strategies across each stage of the customer journey.
d. Advertisers can only use the audience planning tool to understand insights surrounding their own brands.
Answers
Marketers can utilise the audience planning tool to gather insights about all brands, which is wrong.
Amazon audience insights: What are they?You may more easily create retargeting ads based on the data and behaviour of your audience by using audience insights to better understand when and how they shop. Brands can target a broader spectrum of prospective customers known as "in-market" or "lifestyle" shoppers thanks to Amazon DSP.
What does Amazon's audience planning tool do?Based on historical product views, purchases, related product views, and product searches made by prospects over a certain time period, Amazon sellers can build new audiences. Also, the platform enables businesses to create an audience based on any product that is offered.
To know more about brands visit:-
https://brainly.com/question/14102060
#SPJ1
The downtown Kingston and Saint Andrew Centre were built for $400 million JAD in 2010 (Reid, 2012). The Centre is owned by the Jamaican Urban Development Corporation (UDC) and was formerly managed and operated by the Kingston and Saint Andrew Municipal Corporation (KSAMC) (Reid, 2012). Built as a multipurpose bus and taxi part the centre’s main function was to alleviate traffic congestion in downtown Kingston, especially in the parade area. The centre has become dilapidated and unmanageable due to a lack of usage by transport operators, commuters, implementation, enforcement, and a failure to have an effective transportation policy (Teachdem. n.d.).
Why was this project done and who are the main stakeholders? Which stakeholder (s) benefited from the project, and which did not? Who should be held accountable for this project?
2. Outline a detailed approach to successfully manage a similar project in the future. (Hint: Place special emphasis on stakeholders, risks, and scope).
3. Was this project successful in delivering value to Jamaica? Critically explain your answer.
4. Identify the main reasons for the project’s failure.
Answers
When a project reaches its goals and lives up to or above stakeholder expectations, it is deemed successful.
Who are the stakeholders ?
People who are stakeholders in your project are those who are interested in it or care about it. They are the individuals who actively participate in the project's work or who stand to gain or lose from the project. Motorists are stakeholders who benefit when a project to add lanes to a highway is managed. However, you have a detrimental impact on people who live close to the highway both during construction (because to the noise) and after (due to the long-lasting effects) (increased traffic noise and pollution).
To learn more about stakeholders checkout the link below :
https://brainly.com/question/15532995
#SPJ4
Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%
What do you recommend?
Answers
Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.
To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).
The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.
Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.
To know more about cost of capital, here
brainly.com/question/31368538
#SPJ1
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
To learn more about the overhead rate here:
https://brainly.com/question/15187056
#SPJ1
Knowledge Check 01 A company is in its first month of operations. The company pays total salaries to its employees of $600 per day. For the first four weeks of January (28 days), the company paid its employees $16,800 cash. For the final three days in January, employees earn $1,800 in additional salaries that will not be paid until February 4. What adjusting entry would be made at the end of January? Post the adjusting entry for the scenario provided. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Answers
Answer:
Company did not pay employees $1,800 they were supposed to at the end of January which means they owe the employees.
As per the Accrual principle of Accounting, expenses are to be recorded when incurred not when paid so the salaries will be recorded as a liability (salaries payable) that will be settled when the amount is paid.
Jan, 31
DR Salaries Expense.........................................................$1,800
CR Salaries Payable .......................................................................$1,800
A fair housing violation case was forwarded to the attorney general. The court may now
do any of these EXCEPT
a. award preventive relief to the complainant.
b. assess a penalty of up to $50,000 on the defendant if this is a first violation.
c. sentence the defendant to up to five years in jail.
d. award the prevailing party reasonable attorney's fees and costs.
Answers
The court may now do any of these EXCEPT: c. Sentence the defendant to up to five years in jail.
What is a fair housing violation case?In a fair housing violation case, the court may award preventive relief to the complainant, assess a penalty on the defendant if this is a first violation, and award the prevailing party reasonable attorney's fees and costs. However, the court does not have the power to sentence the defendant to jail time in this type of case.
Civil penalties such as fines and awards of damages are usually the only types of penalties that can be imposed in a fair housing violation case. Criminal penalties and jail time are generally reserved for more serious offenses and are imposed through criminal proceedings, not civil actions.
Therefore the correct option is C.
Learn more about fair housing violation case here:https://brainly.com/question/28287926
#SPJ1
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
Read more about selling price
brainly.com/question/28420607
#SPJ1
1.1.
State 8 business functions and explain their roles
Answers
Answer:
8 business functions:
Explanation:
1. Finance's role is to fund, manage budgets, accounting, financial controls, and audits.
2. Marketing's role is processing like promotions, pricing, sales and distributions.
3. Information Technologies role is to developed and operate systems and applications.
4. Customer Service's role is managing customers and handling their needs or requests like inquiries or returns.
5. Production's role is manufacturing products or delivering for different services.
6. Distribution's role is the process of teaching the customer with the product you are delivering or service you are providing.
7. Design's role is prioritizing and making sure the design of the product or service stands out as it's own business function.
8. Governance's role is firm in direction and control. They manage the performance of management.
Why do you think that most consumers focus on the monthly payment instead of the overall cost of the car?
Answers
Answer:
Income and bills
Explanation:
Probably how it will fit in with they’re monthly bills
With the aid of diagrams,discuss in detail the three project continuums
Answers
The three project continuums that are important to achieve the goals of a project are general, source, and integration.
What is a project continuum?It should be noted that a project continuum enables a project team to be able to identify and resolve issues regarding a project and ensure that the goal of the project is achieved.
The general is a project that has clear purpose. The source represents work that is to be done to support development initiatives while integration initiates consolidation to the source type project.
Learn more about projects on:
https://brainly.com/question/25009327
Apart from a job search, a also helps in job advancement.
Answers
Apart from a job search, a job portfolio also helps in job advancement.
What is a job portfolio ?A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.
Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.
Find out more on job portfolios at https://brainly.com/question/21523336
#SPJ1
Which is these is true about trusts?
OA. They have less tax liability.
OB. They have multiple beneficiaries.
C. They require power of attorney.
OD. They have more tax liability.
Answers
Answer: The answer is They have more tax liability.
Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.