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gayaneshka [121]
2 years ago
12

The town of Gracie has established a permanent fund to account for numerous significant gifts intended to maintain a cemetery in

perpetuity. Investment earnings from the permanent fund have been more than enough to maintain the cemetery. What fund balance classification should be used to account for unspent investment earnings that remain in the fund at year end
Business
1 answer:
Viktor [21]2 years ago
4 0

Answer: B. Restricted Fund Balance

Explanation:

A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.

The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.

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Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the mar
Studentka2010 [4]

Answer:

25%

Explanation:

the margin of safety is the percent of sales which the company is above the break even point.

We solve for the break even point:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{36,000}{0.24} = Break\: Even\: Point_{dollars}

BEP  = 150,000

We solve for the margin of safety:

$ 200,000 - $ 150,000 = $ 50,000

Now we compare against our sales:

$ 50,000 / $ 200,000 = 0.25

5 0
2 years ago
Why must food service operators pay attention to detail and watch every penny?
GREYUIT [131]
<span>Food service operators must pay attention to detail and watch their finances in order to maximize the profit they can generate through the operation of their business. There are many aspects of a food service business that have potential to be a loss, so operators must be aware of these aspects - such as loss from ordering too much food or ingredients, employee theft, and so on.</span>
7 0
2 years ago
Select the correct words to complete the statements about two different information sources for consumers.
Vesnalui [34]
The answers are as follows:
1. <span>A fast food chain that wants to inform consumers about its latest dollar menu item will most likely use NEW TECHNOLOGY AND MEDIA.
The fastest way for companies to get information across to their customers these days is through internet technology and its associated media. Information through these channel and fast and travel wide.

2. BLOGS </span><span>may inform consumers about other people’s opinions on the newest dollar menu item.
A blog is an informational or discussional website that is published on the internet and which usually focus on a specific topic or field. Blogs can be owned by an individual or a business. Businesses use blogs these days to promote their products.</span>
4 0
2 years ago
Read 2 more answers
Sara conducted a study in her sixth grade classroom. The study focused on students' interests in science classes. Sara shared wh
AnnyKZ [126]

Answer:

No  

Explanation:

When we do research, it is important to keep confidentiality regarding the personal data from the persons we interview. In other words, we are not supposed to tell other people "who said what" or to publish our results with the names of the people (if we're publishing a paper).

In this case, Sara conducted a study in her sixth grade classroom about interests in science classes, later she shared what individual students said with the seventh-grade teachers. Therefore, she shared confidential information when she told the teacher what individual students said. Therefore, Sara wasn't sharing this information in accordance with ethical research practices.

7 0
2 years ago
Broker Bill has the exclusive listing for Terri’s home. Bill brought Terri an offer from Alexis, which Terri accepted. In order
Marat540 [252]

Answer: Bill's offer is ethical and legal and he can accept compensation for handling the escrow.

Explanation:

An exclusive listing refers to the type of real estate listing agreement whereby a broker is chosen as the sole agent of the seller. It should be noted that the right to retain the property is held by the seller rand has no obligation to the broker.

Based on the information given, it can be infered that Bill's offer is ethical and legal and he can accept compensation for handling the escrow.

6 0
2 years ago
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