what is the general rule for recognizing revenues in governmental funds?

Answers

Answer 1
Revenues should be recognized when available and measurable.
Answer 2
*Revenues should be recognized when available
and measurable.*
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Related Questions

Which concept is NOT basic to definition of economics?
O Choice
O Bartering
O Rational self-interest
O Scarcity

Answers

Answer:

O Rational self-interest

Explanation:

an important feature of a job order cost system is that each job

Answers

Answer:

Job order costing is useful for determining if a job is profitable. It helps the company make estimates about the value of materials, labor, and overhead that will be spent while doing that particular job

Explanation:

hidden figures, 9. What kind of accomplishment was it for Katherine and the workers of Langley for the Eagle to land safely during the Apollo mission on the surface of the moon

Answers

Katherine Johnson was an African American woman that played a notable role in seeing American land on the surface of the moon during the Apollo mission. For Katherine and the workers at Langley, it was a momentous and groundbreaking achievement.

At a time in American history when blacks were being discriminated against and facing some other harsh realities, Katherine an intelligent mathematician contributed significantly to the Apollo mission.

In chapter 23 of Margot Lee Shetterly's book, "Hidden Figures," we see the deep sense of happiness and satisfaction that Katherine had in her ability to contribute to the success of that mission.

She was also grateful to her teachers who helped her to develop her knowledge of mathematics.

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An example of a trade off is:
a.going to a movie to see your favorite actor
b.going to a movie because it got good reviews
c.giving up going to a movie because it got bad reviews
d.giving up going to a move to spend time shopping

Answers

giving up going to move to spend time shopping..

Because all other parts of the budget depend on it, if the ______ budget is inaccurate, the rest of the budget will be inaccurate.

Answers

Answer:

Sales budget

Explanation:

Because all other parts of the budget depend on it, if the sales budget is inaccurate, the rest of the budget will be inaccurate.

What is the sales budget?

A sales budget is a financial plan that estimates a company’s total revenue in a specific time period. It focuses on two things: the number of products sold and the price at which they are sold to predict how the company will perform.

Sales budgets are important tools to help businesses estimate their overall performance and how much revenue they may make from a certain product. It helps companies forecast sales and maximize the utilization of their resources. A sales budget also serves as a planning tool for organizations to use to set specific standards for achievements. For instance, a company could take its annual sales budget of $1000 and divide it by four to determine the team's quarterly goal of $250.

Organizations can determine if their business is successful by examining how closely they reach their target.

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T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:

Answers

Answer:

Cash for $475 and Credit Card Expense for $25

Explanation:

Cash for $475 and Credit Card Expense for $25

The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market

Answers

The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market

Answer: Contract

bonds that require payment of the full principle amount of the bond at the end of the loan term are referred to as

Answers

The type of bonds which requires payment of the full principal amount of the bond at the end of the loan term is known as Term bond.

The Term bond are debt securities which are issued by companies or government to investors with scheduled maturity dates.

In other word, the term bond matures on a specific date in the future.

The period of term bond is the between the time of bond's issuance and the  scheduled maturity period.

Therefore, in conclusion, the term bond is the bond requires payment of the full principal amount of the bond at the end of the loan term.

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deductions and credits can _______ what you owe in taxes each year.

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Answer: Decrease or Reduce

Based on taxation analysis, the deductions and credits can reduce what you owe in taxes each year.

This is because the tax deduction is a term used to describe what reduces how much of your income is liable to taxes.

Similarly, tax credits outright reduce the amount of tax you are deemed to pay.

Tax credits reduce the amount of tax to pay directly. For example, a tax credit of $2000 reduces your tax liability by $2000.

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

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The payroll taxes the employer is responsible for​ are:
A.
FICA-Medicare.
B.
FICA-OASDI.
C.
State income taxes.
D.
A and B.

Answers

The employer is responsible for the following payroll taxes in Option D.  A and B.

The FICA-Medicare is a compulsory contribution just like the Social Security (or OASDI) that employers are expected to contribute some percentages and withhold stated percentages from the salaries of their employees.

Thus, the employer is not responsible for Federal and State taxes, but D. A and B.  Employers can only withhold and remit the Federal and State taxes as required by law.

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A dividend _______ is the amount of the dividend expressed as a percentage of the stock's market price,

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Answer:

dividend yield

The dividend yield, expressed as a percentage, is a financial ratio (dividend/price) that shows how much a company pays out in dividends each year relative to its stock price. The reciprocal of the dividend yield is the price/dividend ratio.

If a person wanted to purchase his or her dream car, and keep it for many years, is leasing or buying the better option? Why? a. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off. B. Leasing would be the better option, so the newest model could be driven every few years. C. It wouldn't matter, as long as the person got to drive the dream car. D. Leasing would be the better option because it would allow the person to customize the car and drive it as much as he or she wants.

Answers

Answer: A. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off

Explanation:

The best thing that a person can do if they want their dream car is buying because a. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off.

Why is buying better?

Once you buy your car, it is yours and you can do with it as you please instead of observing stringent rules that come with leasing.

The total cost would also be less because you would have bought the car at a once off amount instead of an amount that has interest.

In conclusion, option A is correct.

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About how long is a true elevator pitch?

Answers

An elevator pitch is about 20-60 seconds

Answer:

It's about 30 seconds

Hope this helps

Explanation:

Identify the market structure that most accurately describes the context in which each good or service is sold. retail clothing

Answers

Market structure refers to the categorization of firms according to the types of goods they sell and their methods of operation. Given the question, the market structure that describes retail clothing is

Monopolistic Competition

Monopolistic Competition is that where there are different firms selling similar things that are not particularly, exact.

It is easy to start up this sort of business because there are not so many barriers to entry.

Also, competitors are independent because the decision of one does not affect the others. Retail clothing is an example.

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Decreased interest rates will shift the aggregate demand curve to the _____ and _____ output demanded.

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The aggregate demand curve often shifts to the components of aggregate demand. The Decreased interest rates will shift the aggregate demand curve to the right and increased output demanded.

The component that is often shifted are consumption spending, investment spending.

In expansionary monetary policy the central bank often makes the supply of money and loanable funds to increase, this in turn will lowers the interest rate, promoting additional borrowing for investment and consumption, and there shifting aggregate demand right.

The rate of government spending, and often rise.

An aggregate demand curve is known to show the total spending on domestic goods and services at each price level.

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Based on the macroeconomic model, the decreased interest rates will shift the aggregate demand curve to the right and increase the demand.

This implies that when the interest rate is reduced, people tend to borrow more, including investors and consumers.

As a result, the aggregate demand will increase, which means it has shifted to the right. At the same time, the output demanded would increase as more investors have access to capital to create more products.

Hence, in this case, it is concluded that the increase in aggregate demands leads to an increase in output demanded.

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When supply chain members realize that their goals and success are linked to others on the same team, they develop deeper long-term ______.

Answers

Answer:

must understand

Explanation:

Background information: This excerpt describes the United States’ use of economic sanctions against Sudan. It was created by the US Department of the Treasury. According to this text, what action can you assume Executive Order 13067 took? It supplied economic and military aid to the government of Sudan. It imposed trade restrictions on Sudan. It developed a free trade agreement between the United States and Sudan. It created diplomatic relations between the United States and Sudan.

Answers

Answer: it imposed trade restrictions on Sudan

Explanation: Sudan was out of control with violating human rights/international terrorism, so the US limited their power by imposing trade restrictions

According to this document, Executive Order 13067 took the action of developing a free trade agreement between the United States and Sudan. Thus, option B is correct.

What is the Executive Order?

The Executive Orders (EOs) are formal papers through which the President of the United States administers the Federal Government's activities. The orders cite the President's constitutional and statutory powers.

The White House issues Executive Orders, which are used to command the Executive Branch of the United States Government. Executive Orders provide required requirements for the Executive Branch and have legal force.

Therefore, option B is correct, that the executive order imposed trade restrictions on Sudan.

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One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer's true cost of living, is: substitution bias attribution bias complimentary bias preference bias

Answers

The effect that occur when there is rise in price of fixed basket of goods, which actually brings about the rise in a consumer's true cost of living is substitution bias .

Substitution bias can be regarded as effect that do occur when there is change in price of goods are relative to each other.

In this case, the consumer usually leave the high priced goods for cheaper ones because of change in price.

Therefore, option A is correct.

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X-Co issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $100 cash per share. The journal entry to record this event includes a ______. (Check all that apply.)

Answers

Answer:

- $100,000 debit to cash

- $10,000 credit to preferred stock

- $90,000 credit to additional paid-in capital

describe the benefits of having an electronic resume

Answers

Answer:

Online resumes offer more flexibility and room for creativity than their printed counterparts. Here are just a few benefits of using an online resume service: Undoubtedly, some of your skills and prior experiences are more relevant to some jobs/companies than others.

Explanation:

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If a company has advance subscription sales totaling $45,000 for the upcoming year, when four quarterly journals will mailed to customers, the receipt of cash would be journalized as:
A. Debit Cash $45,000, credit Accounts Payable $45,000.
B. Debit Unearned Revenue $45,000; credit Sales $45,000.
C. Debit Sales $45,000, credit Unearned Revenue $45,000.
D. Debit Prepaid Subscriptions $45,000, credit Sales $45,000.
E. Debit Cash $45,000; credit Unearned Revenue $45,000.

Answers

The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.

Here, the company has advance subscription sales totaling $45,000 for the upcoming year.

It will be recorded in the entry as Debit to Unearned Revenue and Credit to Sales.

Therefore, the Option B is correct because The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.

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how are the market and enterpreneurship related with each other?​

Answers

Marketing is a vital process for entrepreneurs because no venture can become established and grow without a customer market. The process of acquiring and retaining customers is at the core of marketing.

Further, marketing provides an effective vehicle for achieving entrepreneurship within the corporation. As some have argued, marketing is the home for the entrepreneurial process. As a process, a firm's entrepreneurial orientation has three key dimensions: innovativeness, risk taking, and proactiveness.

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the term ________ is described as a formal means of analyzing long-range investment alternatives.

Answers

The answer is capital budgeting

What are the four (4) stages of an economy?
A. Recession, Growth, Inflation, Depression
B. Expansion, Peak, Contraction, Trough
C. Expansion, Inflation, Contraction, Depression

Answers

Answer: B

Explanation:  what business believe will generate the most profits

which of the scenarios is the best example of a firm practicing perfect price discrimination?

Answers

Someone who is able to divine what the information is worth to each customer

WHY ARE BLACK PEOPLE POOR

Answers

Answer:

Poverty and race are not the same things. Poverty is a circumstance. And like most circumstances, poverty has the ability to change. Poor can become middle class. Middle class can become rich. When you think of a poor person, what is that person’s color? I’ll start. I see a Black person.Black people are overrepresented in political discussions about poverty. The reality is, the vast majority of Black Americans are not living in poverty.

Explanation:

Hope it can help you lovelots

Interactive online advertising that has drop-down menus, built-in games, or search engines to engage viewers is known as

Answers

The term that describes interactive online advertising which contains drop-down menus as well as built-in games which engage viewers is Rich media.

Rich media can  be regarded digital advertising term for an ads. It contains some advanced features such as video, search engines, drop-down menus.

All these advanced features are used to encourage viewers so they can interact and engage with the content.

Therefore, Rich media is the correct term.

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Home Depot hired an advertising agency to develop television ads for its grand opening in southern Maine. The advertising agency represents which component of the communication process

Answers

Answer:transmitter

Explanation:

Which of the following is not a step that can help you establish and maintain a good credit history?

a. Open a bank account.

b. Purchase a cell phone contract and pay it on time and in full every month.

c. Make car payments and car insurance on time.

d. Open many credit card accounts.

e. All of the above steps help establish good credit history.​

Answers

Answer:

b. Purchase a cell phone contract and pay it on time and in full every month.

Explanation:

have a wonderful day!! :)

Apple's Steve Jobs had to convince the music industry of a very big change in how they marketed music - what was it

Answers

Answer:

to sell digital version of songs on itunes...

i think

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