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1 year ago

On July 1, 2018, Fred City ordered $1,500 of office supplies.They were to be paid for out of the general fund. Entry under:

Business

1 answer:

mel-nik [20]1 year ago

6 0

Answer:

A) Dr. Encumbrances – Office supplies No entry

Cr. Encumbrances outstanding

Explanation:

The journal entry is given below;

For Governmental fund financial statements

Encumbrances-Office Supplies $1,500

To Encumbrances Outstanding $1,500

(Being Office Supplies ordered is recorded)

For Government-wide financial statements

No journal entry is required as under the accrual accounting, no entry should be recorded until the transaction does not arise

Therefore the option a is correct

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Helen Heartwell flew to New York City a few weeks after the September 11, 2001, bombing of the World Trade Center. She wanted to

Ymorist [56]

Answer:

Phenomenological

Explanation:

Helen Heartwell flew to New York City a few weeks after the September 11 , 2001, bombing of the World Trade Center . She wanted to know how the victims of the attack were making sense of what had happened to them . Dr. Heartwell is probably employing Phenomenological qualitative research design.

Phenomenological is the study in which we can study about the phenomena of the human as they experienced in real pr may they lived that.

There are two main approach of Phenomenological they are descriptive and interpretive . In recent time , Phenomenological is used widely in any field. It considered the important aspect which a person experienced or lived , but not interested in the explanation .

6 0

2 years ago

Let’s see how fees can hurt your investment strategy. Let’s assume that your mutual fund grows at an average rate of 5% per year

elena-14-01-66 [18.8K]

Answer:

We notice that the more the fees increase for a constant rate of return, the number of years it takes to double on the investment also increases. For example;

a). 15.6 years

b). 20 years

c). 28 years

Explanation:

The rule of 70 is a formula that can be used to estimate the number of years it will take an investment to double up.The formula is expressed as;

Number of years to double=70/Annual rate of return

a). Given;

Annual rate of return per unit of investment=5%

Annual fees per unit of investment=0.5%

Net rate of return=Annual rate of return-Annual fees=(5%-0.5%)=4.5%

Replacing;

Number of years to double=70/Net rate of return

=70/4.5=15.555 to nearest tenth=15.6 years

b). Given;

Annual rate of return per unit of investment=5%

Annual fees per unit of investment=1.5%

Net rate of return=Annual rate of return-Annual fees=(5%-1.5%)=3.5%

Replacing;

Number of years to double=70/Net rate of return

=70/3.5=20.0 to nearest tenth=20 years

c). Given

Annual rate of return per unit of investment=5%

Annual fees per unit of investment=2.5%

Net rate of return=Annual rate of return-Annual fees=(5%-2.5%)=2.5%

Replacing;

Number of years to double=70/Net rate of return

=70/2.5=28.0 to nearest tenth=28 years

We notice that the more the fees increase for a constant rate of return, the number of years it takes to double on the investment also increases

6 0

2 years ago

The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production

BartSMP [9]

Answer:

d. $1,600 less than under absorption costing.

Explanation:

The computation of the carrying value on the balance sheet of the ending inventory of finished goods under variable costing is shown below:

But before that first we have to determine the unit cost which is

Unit fixed manufacturing overhead

= $96,320 ÷ 6,020

= $16

Now the difference is

= Unit fixed manufacturing overhead × Change in inventory in units

= $16 × (6,020 units - 5,920 units)

= $1,600 less than under absorption costing.

5 0

2 years ago

You agree to sell your car to your neighbor for $5,000. you and your neighbor have provided each other:

aivan3 [116]

This type of agreement would be called a consideration. This is an agreement that provides a type of value to both parties involved and promises a certain performance by one party to the other. In this case, one thing is given for another, the money for the car.

4 0

2 years ago

Why can the big candy makers produce candy that is less expensive per price?

cricket20 [7]

Bc a lot of people buy their products, so they have enough money to make a profit even if they sell it at a lower cost.

8 0

2 years ago