A city's water division generated $1.5 million in revenue. It reported expenses of $1 million, which included $200,000 paid to an internal service fund. The water division also transferred $50,000 to the general fund. What amount is the water division's change in net position on the statement of revenues, expenses, and changes in fund net position

Answers

Answer 1

The water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.

Using this formula

Change in net position=Revenue-Expenses-Transfer to general fund

Where:

Revenue=$1.5 million

Expenses=$1 million

Transfer to general fund=$50,000

Let plug in the formula

Change in net position=$1.5 million-$1 million-$50,000

Change in net position=$450,000

Inconclusion the water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.

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Related Questions

A parcel of land is 140 feet by 75 feet and the seller is asking $130 per square foot. What is the asking price

Answers

The asking price would be $1,365,000! I found a quizlet :)

The asking price is $1,365,000 if a parcel of land is 140 feet by 75 feet and the seller is asking $130 per square foot. The cost or current market value of a residence divided by the square footage of the home yields the average price per square foot.

Why is the price per square foot important?

The price per square foot might help you determine whether a house is reasonably priced. If you're seeking to buy a home, it can help you decide what kind of offer to make. You should work together with your real estate agent and carefully evaluate sales comparables.

Given

Dimension of Parcel of land = 140 feet by 75 feet

Cost per feet = $130

Required to calculate the asking price of land =?

Price = Total sq. feet x cost per feet

Price = 140 x 75 x 130 = $1,365,000

Thus, the asking price for a parcel of land is $1,365,000.

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explain the method of bookkeeping ?​

Answers

The two main accounting methods are cash accounting and accrual accounting. Cash accounting records revenues and expenses when they are received and paid. Accrual accounting records revenues and expenses when they occur. Generally accepted accounting principles (GAAP) requires accrual accounting.

The ______ of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate values.

Answers

Answer: uniqueness

Explanation:

The uniqueness of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate values.

Which of these is a characteristics of real estate?

In business terms, real estate is an instrument of investment. Real estate has seven specific characteristics related to its economic impact or physical nature. They are scarcity, improvements, location, investment permanence, uniqueness, immobility, and Indestructibility.

What is the most important characteristic of real estate?Permanence of investment is also known as fixity and means investments in real estate are long-term. This is due to the physical characteristics of indestructibility and immobility. Since land is immobile, investment in property becomes fixed. Land cannot be moved if the market becomes better in another location.

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4. Economists measure opportunity cost
A. only when it is on the margin.
B. as the best thing given up.
C. as the sum of all forgone opportunities.
D. as the same as marginal benefit.

Answers

Answer:

Option A is the correct answer.

PLEASE HELP

Select the two statements about owners of equity in a business that are TRUE.


Question 6 options:


A Partner owns equity.



Contractors own equity.



All stakeholders own equity.



Founders own equity.

Answers

Considering the equity ownership analysis, the two statements about owners of equity in a business that is TRUE include "A Partner owns equity and Founders own equity."

What is Owners Equity?

Owners Equity is a business term that is used to describe the right of the owners to the business assets after the liabilities are removed.

Given that owners' equity relates to the business's assets, then it is concluded that the founders and partners of the business own equity.

Hence, in this case, it is concluded that the correct answer is options A and D.

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Determine the characteristic for each market segment. This segment contains a common element that unifies its members. This segment contains an element that separates it from other segments. This segment is based on the response of members with a certain outlook. distinction arrowRight homogeneity arrowRight reaction

Answers

Answer:

Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.

KEY TAKEAWAYS

Market segmentation seeks to identify targeted groups of consumers to tailor products and branding in a way that is attractive to the group.

Markets can be segmented in several ways such as geographically, demographically, or behaviorally.

Market segmentation helps companies minimize risk by figuring out which products are the most likely to earn a share of a target market and the best ways to market and deliver those products to the market.

With risk minimized and clarity about the marketing and delivery of a product heightened, a company can then focus its resources on efforts likely to be the most profitable.

Explanation: I was Just taking a test on this

Answer:

Got this correct on the Test.

Explanation:

distinction--->this segment contains an element that separates it from other segments.

homogeneity--->this segment contains a common element that unifies its members.

reaction--->this segment is based on the response of members with a certain outlook.

________ costs refer to the sum of the fixed and variable costs for any given level of production. Target Break-even Total Value-based Marginal

Answers

Based on microeconomic theory, Total costs refer to the sum of the fixed and variable costs for any given level of production.

What makes Total Cost?

Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.

Components of Total Cost

The components of Total Cost include the following:

Prime costFactory costOffice cost Cost of sales, etc.

Hence, in this case, it is concluded that the correct answer is "Total Cost."

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The United Kingdom currently has a trade deficit with New Zealand. If the U.K. pound sterling appreciates relative to the New Zealand dollar, which of the following correctly explains the effect on the trade deficit?

The trade deficit will increase, since an appreciating pound means fewer goods will be imported from New Zealand.

The trade deficit will decrease, since an appreciating pound means fewer goods will be imported from New Zealand.


The trade deficit will decrease, since an appreciating pound means more goods will be imported from New Zealand.


The trade deficit will increase, since an appreciating pound means more goods will be imported from New Zealand.

Answers

The correct answer to the given question is that the trade deficit would increase since with the appreciating pound means more goods will be imported from New Zealand.

Based on the given question, we are asked to show the effects of the trade deficit between New Zealand and UK based on the appreciation of the pound sterling relative to the New Zealand dollar.

With this in mind, we are aware that when there is a strong domestic currency, then it would encourage more imports and hamper exports, therefore, the trade deficit will increase, since an appreciating pound means more goods will be imported from New Zealand.

Therefore, the correct answer is option D

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Answer:

Economics Semester Exam

THIS IS FOR CONNECTIONS ACADEMY!!!!

QUESTIONS MAY BE SWITCHED!!!

i got a 22/31 but these are 100% correct

1. water

2. the choice between the net profit of the new production schedule and the net profit of the old production schedule

3. The opportunity cost is the consumer's benefit from purchasing the computer.

4. traditional economy- culture

command economy- central

mixed economy- elements

market economy- price signals

5. Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

6. revenue

7. a percent decrease in quantity demanded greater than 100%

8. The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would shift to the left.

9. The firm should choose to produce 1,200 units of output.

10. Shares of public corporations are traded on stock exchanges.

11. Consumer cooperatives pool their resources together to purchase goods in bulk. By purchasing goods in bulk, the cost of acquiring these goods is reduced for members compared to the normal cost that an individual would face when purchasing the product.

12. Money maintains purchasing power over time.

13. -The purchasing power currencies issued by state banks varied wildly from state to state.

-Monetary reserves decreased.

14. $75

15. interest

16. disability insurance

17. 255 million dollars

18. inflation or deflation

19. Unemployment as a result of people moving from one job to another.

20. Improvements to human capital leads to improvements in productivity and improvements in standard of living.

21. It would be a bad thing. Local governments typically get around one third of their total revenue from state and federal governments.

22. Medicaid is funded by state and federal governments and provides health coverage based on financial need. Medicare is a federal government health-care insurance program for people 65 years or older and those with certain disabilities under age 65.

23. The special interest group could donate money to the leader's re-election campaign, or it could talk favorably about the leader to the public.

24. No, because individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.

25. The discount rate is the interest rate at which the Federal Reserve charges to financial institutions on loans issued at the discount window.

26. Enact contractionary monetary policies to decrease the money supply.

27. Country A has the absolute advantage and the comparative advantage in watch production.

28. Israeli consumers will purchase fewer automobiles, and Israeli producers will manufacture more automobiles.

29. Agricultural trade was improved across all member nations.

30. The trade deficit will increase, since an appreciating pound means more goods will be imported from New Zealand

Explanation:

From what you read in the Content, who is the college student that wanted to create
a tutoring app?
Vicky
Xavier
Isaiah
Lisa

Answers

Answer:

vicky..........................

Select the two statements about owners of equity in a business that are TRUE.
1.Contractors own equity.
2.A Partner owns equity.
3.All stakeholders own equity.
4.Founders own equity.

Answers

Answer:

2 and 4

Explanation:

Contractors are people who work for the company, but are not employees. They don't own equity.

A partner is one of the shareholders in a company, and owns equity.

Stakeholders are anyone with an interest in the company's success, including its clients. They don't necessarily own equity.

The founder owns all of the equity until she takes on partners, who then own part of the equity.

A Partner owns equity and Founders own equity are the two statements about owners of equity in a business that are TRUE. The correct option is 1 and 2.

Equity in a company refers to ownership interests. Equity is typically held by partners and founders to represent their ownership stake in the business. While founders are the original creators or co-creators of the business, partners are people who share ownership and responsibility in a business venture.

On the other hand, contractors may offer services to the company but usually do not hold ownership rights. The phrase "all stakeholders" refers to a wide range of people and organizations that are impacted by the business, including staff members, clients, vendors and investors. Despite the fact that some stakeholders may have equity ownership not all of them will. As a result the statements that partners and founders own equity in a business are true.

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you are a member of a newly formed team that has been tasked with designing a new product. none of the team’s members have worked together previously and thus confidence is low. which of the following tactics would be most effective in promoting the team’s confidence in its capability to function successfully?

Answers

The tactics which would be most effective in promoting the team’s confidence in its capability to function successfully is to:

Jump right into a challenging task in order to figure out your team's capability.

According to the given question, we are asked to state the tactics which would be most effective in promoting the team’s confidence in its capability to function successfully.

As a result of this, we can see that when a team has a set task like designing a new product and the members of the team are yet to have worked together before, then the tactics which would be most effective in promoting the team’s confidence in its capability to function successfully is to jump into a challenge immediately in order to find out the capability of the team.

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The main benefit of a multidomestic strategy is that it ________. Group of answer choices exploits scale economies in product development and marketing is cost-saving due to product and marketing standardization takes advantage of location economies responds quickly and effectively to emerging buyer preferences

Answers

According to business operational strategy, the main benefit of a multi-domestic strategy is that it "responds quickly and effectively to emerging buyer preferences."

What is a multi-domestic strategy?

A multi-domestic strategy is a business strategy whereby firms emphasize their marketing approach to meet local markets instead of a universal approach.

The multi-domestic approach also enables companies to create more targeted advertising that focuses solely on the consumers of a specific market.

Hence, in this case, it is concluded that the correct answer is option D. "responds quickly and effectively to emerging buyer preferences."

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what is the importance of clay in human life

Answers

Answer: Fun Fact: Clay is an important part of soil because it contains nutrients that are essential to plant growth

Explanation:

Given a GDP deflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP. (1 point)
O 6.5 billion dollars
O 9 billion dollars
09.36 billion dollars
O 6.6 billion dollars

Answers

Answer:

It's 6.5

Explanation:

7.8/(120/100)=6.5

A GDP is calculated as Nominal GDP is divided by the GDP deflator.

The calculation is shown below

$7.8 / $120

=0.065

The answer needs to be multiplied by 100

and therefore

0.065 * 100

= 6.5 billion dollars

The answer is 6.5 billion dollars.

What is GDP?

GDP stands for Gross Domestic Product of a country this represents total monetary value of goods and services produced in a country during a specified period of time.

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what is the first step in the feedback control system?

Answers

Answer:

The first step in the positive feedback loop is the stimulation that sets off the loop in order to complete a process.

Consumer research aims at finding patters of customer usage.
True or false

Answers

Answer:

...True...

Explanation:

Consumer research aims at finding patters of customer usage.

Jim paid $250,000 for an apartment building with a fair market value of $260,000. At the time of the sale, the building was appraised at $225,000. For income tax purposes, what would be the basis of the apartment building

Answers

The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.

Basically, the cost basis is the purchase cost which is $225,000.

The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.

In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes

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Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?

Answers

Answer: I think its $8,100

Explanation:

i hope it helps

when demonstrating 2022 versa’s smooth acceleration, what should you point out is the effect of d-step tuning on the xtronic cvt®?

Answers

Based on automobile analysis, when demonstrating 2022 versa’s smooth acceleration, to point out the effect of d-step tuning on the X-Tronic CVT is that "During rapid acceleration, the transmission simulates shifts."

Generally, Versa 2022 is one of the latest vehicles released by the Nissan automobile manufacturer.

This particular vehicle was designed to meet the modern features and give users an easy ride experience and navigation.

Hence, in this case, it is concluded that the correct answer is "During rapid acceleration, the transmission simulates shifts."

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The production facility for a space shuttle would probably be organized according to a ________ layout.

Answers

Answer:

fixed-position

Explanation:

What is the difference between a job and a profession?
O A job is the work you do and a profession includes the environment you work is
O A job is the work you do and a profession includes your career field
O A job is your career field and a profession includes your work environment
O A job is the environment you work in and a profession includes the work you do

Answers

B - because a job is the work you do and a profession includes the career field.

Answer:

O A job is the work you do and a profession includes your career field

Explanation:

A __________ is an effort or strategy to achieve a goal or a solution to a problem that is not readily apparent. A. Concept B. Schema C. Subgoal D. Prototype.

Answers

Answer: A. Concept

Explanation: The correct option is A ( Concept ) as

* Option B has Schema which means it’s just a representation of a plan in a model form.

* Option C is not correct because Subgoal means a goal or target which needs to be achieved to complete a larger goal or target.

* Option D is also not correct because Prototype means something of the first or initial type which can develop into other forms or types in future.

So the correct option for the answer is “ A”

A concept serves as an effort or strategy to achieve a goal or a solution to a problem that is not readily apparent.

What is a concept?

Concepts can be regarded as abstract ideas. they do serves as the fundamental building blocks in which principle lies on.

It should be noted that it play important role in all aspects of cognition.

Therefore, concept is needed for thoughts and beliefs

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A corporation issued 3,800 shares of its no par common stock at a cash price of $10 per share. The entry to record this transaction would be:

Answers

The entry to record this transaction would be:

Debit Cash $38,000

Credit Common stock $38,000

We know that cash is an asset hence debited because it decreases as it was used to pay for bills while common stock is credited because it increases shareholder's equity.

Therefore,

Cash account      Dr   $38,000

(3,800 shares × $10)

To

Common stock account Cr $38,000

Therefore, the corporation would record the transaction as ; Debit Cash $38,000  , Credit Common stock $38,000

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which is one advantage of private insurance offered by most employers

Answers

Advantages of an employer plan: Your employer often splits the cost of premiums with you. Your employer does all of the work choosing the plan options. Premium contributions from your employer are not subject to federal taxes, and your contributions can be made pre-tax, which lowers your taxable income.

Answer: A managed care plan that keeps costs low

Explanation:

I took the test

If the Fed raises the interest rate, this will ________ inflation and ________ real GDP in the short run.

Answers

Answer:

reduce; lower

Explanation:

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Not Answered Question Workspace A family on a trip budgets $800 for meals and hotel accommodations. Suppose the price of a meal is $40. In addition, suppose the family could afford a total of eight nights in a hotel if they don't buy any meals. How many meals could the family afford if they gave up two nights in the hotel

Answers

Based on the amount budgeted and the costs of meals and the hotel, if the family gave up two nights, they could afford 4 meals.

The family can afford 8 nights at the hotel if they gave up meals. This means that the cost of a night at the hotel is:

= Total cost / Nights at hotel

= 800 / 8

= $100 per night

If the family gave up two nights, they would have $200 to spend on meals which means they will afford:

= 200 / 40 per meal

= 5 meals

In conclusion, the family would afford 5 meals.

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Zach is looking for a homeowners insurance policy for his new house. AAA Insurance company has offered him a plan that insures his home annually for $0.36 per $100 of value in the home. In order to make calculations easier, Thompson’s Insurance lists their annual homeowners insurance premium a bit differently, at $3.63 per $1,000 of value in the home.
Zach’s house is worth $289,000. What should Zach be thinking as he chooses between the two insurance companies?
a.
$3.63 per $1,000 is approximately the same as $0.36 per $100. The premiums for the two insurance companies will be the same.
b.
The annual premium for his house would be cheaper through AAA.
c.
The annual premium for his house would be cheaper through Thompson’s.
d.
Since the two insurance companies list their premiums differently, the two cannot be compared.

Answers

Answer:

B

Explanation:

just did the test and got it right

A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family

Answers

A? Sounds more correct

Why do employers prefer employers with good work ethics

Answers

When employers give jobs to people, they expect them to have good work ethics because it puts a good reputation on their name, as well as maintaining a steady work flow and sanitation.

Why would a person change their business status to a LLC?

A. To gain tax breaks

B. To limit their personal liability

C. To help obtain funding through the sale of stock

D. Because it is the easiest form for setting up your business

Answers

Answer:

A) to gain tax breaks

Explanation:

A common reason for changing a co. to an LLC is to avoid double taxation

A should be correct
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