Answer:
C) As an other financing source in the debt service fund and as an other financing use in the capital projects fund.
Explanation:
The options are missing:
- A) As a revenue in the debt service fund and as an expenditure in the capital projects fund.
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B) As an other financing source in the capital projects fund and as an other financing use in the debt service fund.
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C) As an other financing source in the debt service fund and as an other financing use in the capital projects fund.
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D) As a special item in both the debt service and capital project funds.
Other financing sources is an account used by governments to record non-operating revenues and expenditures. The debt service fund is the money that the government has set aside to pay for its outstanding bonds. The capital projects fund is the account used by the government to record expenses related to certain projects.
Answer:
$3.5 million
Explanation:
Data given in the question
Book value of the division assets = $33.50 million
Fair value of the division assets = $30 million
The sum of estimated future cash flows generated = $38 million
So, by considering the above information, the amount of impairment loss is
= Book value of the division assets - fair value of the division asset
= $33.5 million - $30 million
= $3.5 million
Since the fair value is less than the book value so the difference should be recorded as an impairment loss
Answer:
Option (B) is correct.
Explanation:
Given that,
Selling price of a product = $140 per textbook
Variable expenses = $25 per book
Books sold per year = 6,000 books (It is the break even point)
The break even point indicates that there is no profit or loss incurred at the sales.
This means that the sales revenue is equal to the total cost incurred to produced these goods.
Sales per unit - Variable cost per unit - Fixed costs per unit = 0
$140 - $25 - Fixed costs = 0
$115 = Fixed costs per unit
Therefore, the total amount of fixed cost is calculated as follows:
= Fixed cost per unit × Number of books sold
= $115 × 6,000
= $690,000
Answer:
Option B
Explanation:
The given case relates to the method of delegation. Under the method of delegation the senior employees of the organisations transfers their workload to some junior level employees with a significant to full level of authority. However, the responsibility for any mistake or delay of work still relies with the managers who delegates work.
Answer:
Accounting costs $145,000
Implicit costs $75,000
Opportunity costs $220,000
Explanation:
What her accounting cost will be during the first year of operation.
Based on the information given we were told that the annual overhead costs and operating expenses amounted to the amount of $145,000 which means that the amount of $145,000 will be the ACCOUNTING COSTS
Her IMPLICIT COSTS will be the amount of $75,000 which is the amount she earn in her current job per year.
Her OPPORTUNITY COSTS be the addition of both her Her accounting cost and implicit costs
Hence,
Opportunity cost=$145,000+$75,000
Opportunity cost=$220,000
