In order to boost revenue, the US post office is selling a new product called “Forever Stamp”. Which fund should be used to recognize these transactions? General fund Special funds Trust funds Revolving funds select one
Q: Explain the terms ‘invoice discounting’ and ‘factoring’ and the advantages of these services to the…
A: answer are as follows
Q: For each of the following monetary policy tools: A. The BSP buys securities in the open market. B.…
A: Monetary policy is the policy that is related to money and this policy is set by the central bank to…
Q: Miss Bae provided information to the government, which led the capture and seizure of smuggled goods…
A: Smuggled Goods- All those things which are illegal according to the provisions of that country, is…
Q: In response to the Coronavirus Crisis, the Fed established I. The Municipal Credit Facility which…
A: Coronavirus pandemic has affected the world and its economy widely. Most organization used to take…
Q: Client transacted on May 9, 2012, Wednesday, to participate in the Peso Fixed Income Fund after…
A: Client transaction = May 9, 2012 May 9, 2012 NAV = 215.391634 May 10, 2012 NAV = 215.337169
Q: onation received for specific purpose is: a. Credited to income and expenditure account b. Shown on…
A: Since there are multiple questions, we will solve only first for you. To get the remaining questions…
Q: .Client transacted on May 7, 2012, Monday, to participate in the Peso Fixed Income Fund within…
A: Client transaction = May 7, 2012 May 7, 2012 NAV = 215.672390
Q: Compare the sources of funds for nonfinancial Businesses in the US, Germany, Japan, and Canada
A: Financial System is a combination of different participants to provide a smooth flow of funds from…
Q: According to the FASB, net assets with donor restrictions are released from restrictions: A. At the…
A: Assets are the resources owned by an entity for the purpose of using them or selling them…
Q: What type of fund would typically be used to account for a municipal bus operation where users are…
A: Fund: It is a sum of money that are set apart for a particular purpose.
Q: explain how this will impact the supply of and demand for loanable funds and the interest rate in…
A: Let us consider an initial situation where the tax cuts for the business sector have not yet been…
Q: Identify which among the cases describe a net supplier of funds. [C1] The government has collected…
A: Supplying funds: It means injecting money into the capital market that is useful for the general…
Q: 1. A farmer borrows fund from a government financing institution. In turn, he uses the fund for…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: "Dhan Samudra' is a bank, which needs immediate cash. This has been the situation since the RBI…
A: Commercial paper: Commercial paper is a commonly used type of unsecured, short-term debt instrument…
Q: What was the main purpose of the Troubled Asset Relief Program (TARP)? A. Sell risky assets to…
A: TARP It is a U.S government program to buy an asset whose value has a major fall and is not…
Q: In discussing charitable contribution deductions, your textbook throws around the phrase “fair…
A: FMV or Fair market value refers to the actual price at which a property can be sold in the open…
Q: Write an essay on explain the terms ‘invoice discounting’ and ‘factoring’ and the advantages of…
A:
Q: Describe the fund accounting implications of adopting that suggestion.
A: 1) General fund; The resources collected and maintained for daily operations of the government is…
Q: Explain the rationale both from theoretical and practical perspective of why MNCs may invest or…
A: Investment Outside the Country: A foreign direct investment (FDI) is the acquisition of a stake in a…
Q: what the pros and cons of replacing current in-kind transfers with cash payments. Why do we not…
A: In kind transfers refers to the assistance or aid or help made in kind form instead of cash payment…
Q: ich of the following was part of the U.S. government’s response to the credit crisis? a) Troubled…
A: Basic Concepts of Accounts and business
Q: For each of the following policy changes, explain why the change is or is not likely to be a Pareto…
A: Arrangements for a Pro-Growth Agenda The essential parts driving my Administration's supportive of…
Q: Atlantis Inc. is in need for funds for its expansion plan. It approaches Uni Bank with its business…
A: Source of funds: The funds required to make a business function is known as business funds. During…
Q: 13. An increase in net assets for a not-for-profit organization that would be labeled exchange…
A: Introduction:- The net assets of a nonprofit organization are equals to the net worth (difference…
Q: ary fund 7. The national government receives a foreign grant conditioned on the construction of a…
A: According IAS 20, A government grant is recognised when there is a reasonable assurance The…
Q: Describe the type of benefit received in each scenario. Either the scenario describes a…
A: PROGRAM:A set of related measures activities with a particular long-term aim. SERVICES: The action…
Q: Which of the following is the major reason why thefuture of the Social Security Trust Fund is…
A: Social Security Trust Fund is a survivor fund which provides monetary benefits to the retiree or…
Q: Make a personal assessment of any government bank in the Philippines.
A: A financial institution (FI) is a company that deals with financial and monetary transactions such…
Q: Which of the following are suppliers of loanable funds? households government units…
A: First question:The suppliers of loanable finds include households, government units and foreign…
Q: 1. Match the Vocabulary word with the definition below. a. Payments to governments that are then…
A: A tax is considered an obligation of the general public that is to be fulfilled for the government.…
Q: Explain the reason why the Employee Provident Fund (EPF) is known as a financial intermediary in…
A: EPF is financial organisation which manages retirement and savings needs of employees in private…
Q: . All revenues shall be remitted to the BTr and included in the Special Fund, unless another law…
A: Answer : 1. false, all revenues need not to be remitted to the bureau of the treasury. 2. Fasle,…
Q: Fiat money has an intrinsic value based on the full faith and trust in government institutions.…
A: Fiat money - This type of money is not backed by any commodity such as gold or silver , but such…
Q: Identify a reason why Social Security as it currently exists is unsustainable in the long run. The…
A: Social security benefits are funded by dedicated payroll tax. Workers pay from their earnings.
Q: Is accrual-based budgeting preferable to cash-based budgeting? The Disability Research Institute…
A: Budgeting seems to be the practice of creating, executing, and managing budgets This is the…
Q: You are the governor of the BSP. The newly elected president wants to have a meeting with you…
A: Monetary policies are the set of monetary tools that are used for the overall economic growth of the…
Q: Using the equation S = |+ NCO we can say a. Savers can do two things with their funds, invest them…
A: S = I+NCO where, S - Savings I- Domestic Investment NCO- Net Capital Outflow
Q: Explain the terms ‘invoice discounting’ and ‘factoring’ and the advantages of these services to the…
A:
Q: Which of the following can be classified under Business Finance? Select one: a. Australian…
A: Business finance Business finance deals with raising and managing capital funds of the…
In order to boost revenue, the US post office is selling a new product called “Forever Stamp”. Which fund should be used to recognize these transactions?
General fund
|
||
Special funds
|
||
Trust funds
|
||
Revolving funds
|
select one
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- In July 2022, a donor promises to donate $100,000 in cash to an NFP organization if the local NFP can raise the same amount ($100,000) from other donors by December 2022. How much revenue (if any) should the NFP recognize in July 2022? (do not use $ signs, commas or decimals in your answer) In July 2022, a donor promises to donate $100,000 in cash to an NFP organization on December 1, 2022. How much revenue (if any) should the NFP recognize in July 2022? (do not use $ signs, commas or decimals in your answer)Differentiate between Riba-al-Nasia and Riba-al-Fadl with examples of each. What is the role of Market Practice in Riba? During COVID-19, following economic relief packages were delivered by different states. Ehsaas Emergency Cash program has been launched by the Prime Minister of Pakistan on April 1, 2020. United States issued $1200 checks to Americans. The UK government committed £30 billion to saving jobs and helping the young find work in an economy ravaged by the corona virus pandemic. Do you find any type of Riba involved in any of these packages? If yes, which one? How? (you can explore the details of these packages).During COVID-19, following economic relief packages were delivered by different states. Ehsaas Emergency Cash program has been launched by the Prime Minister of Pakistan on April 1, 2020. United States issued $1200 checks to Americans. The UK government committed £30 billion to saving jobs and helping the young find work in an economy ravaged by the corona virus pandemic. Do you find any type of Riba involved in any of these packages? If yes, which one? How? (you can explore the details of these packages).
- Question 2. Based on the following information, prepare the statement of sources and uses of funds in the zakat and charity funds for the year 2020. Note that the undistributed Zakat and charity on 1st January is RM910,000. Paid RM70,000 as Zakat for the poor and the needy, Zakat due from the bank RM4,400,000; wayfarer received RM110,000; new converts to Islam received RM245,000; Zakat collection and distribution to staff RM155,000; Donations RM3,700,000; RM330,000 for the heavily indebted and freedom of slaves; Zakat due from accountholders RM990,000.The Muscat City for the year 2019 maintain two funds: a General Fund accounts for its unrestricted resources and general operations, and a Proprietary funds for internal services and State Enterprises. The Muscat City has provided the following financial information for the year 2019 for you to prepare r journal entries in the relevant funds separately. As the crude oil price in the international market has come down from the budgeted 58 $ per barrel to 23$ per barrel, City has decided to borrow 2 million OMR from the world bank – IMF to address the increasing deficit in the budget. The City levied $ 1 million of general property taxes of which it actually collected $ 0.4 million. The City decided to set up its own printing and publishing department by investing OMR 0.8 million but the services will be available only for government units, but not free of cost. City government also transferred 0.80 million as an investment for automation and diversification of the services of Muscat…The President of ghana launched a COVID-19 business alleviation program in collaboration with national board for small scale industries, trade associations and some selected banks. under the program the government is giving funds without interest to sellected financial institutions for onward lending to businesses at at a 3% interest. The program is aimed at helping beneficiaries to sustain their bunisesses during the pandemic. Use the following information to answer the questions a. explain the monetary policy tool being used b. if the government pegged interest rates at the monetary policy rate will this have been a better way of setting the rate? explain the advantages and disadvantages. c. explain the impact of a low interest rate program on Gross domestic product (GDP), articulating possible pathways.
- For the following situations determine the fund or nonfund account best suited to account for it. A fund or nonfund account may be used more than once SITUATIONS: GOB grant proceeds received for construction of a new elementary school building – Capital Projects Fund Municipal electric utility bonds to be repaid from customer charges – Debt Service Fund General obligation bonds issued to finance construction of a new elementary school building – Investment Trust Funds Activities of a central print shop that provides custom printing services to all campus departments – Enterprise Funds Financial resources set aside to service the principal and interest on general obligation debt A special hotel occupancy sales tax that can only be used for city economic development promotional activities Financial resources legally restricted to the extent that only earnings, and not the principal, may be used to benefit the government or its citizenry – Special Revenue Fund…(Based on Appendix 12A) Northwest Carburetor Company established a fund in 2015 to accumulate money fora new plant scheduled for construction in 2018. How should this special purpose fund be reported in Northwest’sbalance sheet?shak City creates a new internal service fund. To get the internal service fund started, the City's general fund loans $100,000 to the newly created internal service fund. What journal entry will be recorded in the general fund as a result of the transaction? None of these Debit cash $100,000; credit due to internal service fund $100,000 Debit due from internal service fund $100,000; credit cash $100,000 Debit transfers in/out $100,000; credit cash $100,000 Debit cash $100,000; credit transfers in/out $100,000
- Compare the sources of funds for nonfinancial Businesses in the US, Germany, Japan, and CanadaA single contribution may affect all three types of funds. The following events and transactions relate to a single contribution. 1. A high-tech firm pledged to contribute $1 million in the company's common stock to a university's business school if the school would establish a new program in the management of information technology. The securities were to be placed in an endowment fund and the annual dividend earnings were to be used to purchase computer hardware and software. 2. The business school established the program and thereby satisfied the conditions to receive the contribution. 3. The business school received the stock and placed it in an endowment fund. 4. In the first year after receiving the stock, the business school earned $30,000 in cash dividends. They were credited to an appropriate fund. 5. The business school purchased $20,000 of computer equipment. 6. The computer equipment was estimated to have a useful life of four years (no salvage). The school charged one…The general fund pays rent for two months. Which of the following is not correct? Choose the correct.a. Rent expense should be reported in the government-wide financial statements.b. Rent expense should be reported in the general fund.c. An expenditure should be reported in the fund financial statements.d. If one month of rent is in the first year with the other month in the next year, either the purchases method or the consumption method can be used in fund statements.