Over the short term, which type of costs is indifferent to activity level changes?
Select one:
A. Mixed costs
B. Variable costs
C. Step costs
D. Fixed costs
In: Accounting
E-45 (Statement of revenues, expenditures, and changes in fund balances) prepare, in good form, the 20x1 statement of revenues, expenditures, and changes in fund balances for the general fund of Crabtree township, based on the following information:
Property tax revenues $13,000,000
Licenses and permits $800,000
Intergovernmental grants $2,500,000
Short-term note proceeds $775,000
General capital asset sale proceeds (Equal to book value less 10%) $523,000
Receipt of residual assets of terminated Debt Service Fund $90,000
Amount paid to Debt service fund to cover principal and interest payments $100,000
General government expenditures $800,000
Education expenditures $10,250,000
Public safety expenditures $3,000,000
Highways and streets expenditures $2,460,000
Health and sanitation $920,000
Capital assets purchased $1,200,000
Retirement of principal of long term note 300,000
Interest payment on long-term note $30,000
Interest expenditures on short-term note $68,000
Unreserved Fund Balance, January 1, 20X1 $1,190,000
Reserve for Advances, January 1, 20X1 $3,000,000
Reserve for Encumbrances, January 1, 20X1 $$560,000
In: Accounting
Burns Corporation's net income last year was $96,500. Changes in the company's balance sheet accounts for the year appear below:
| Increases (Decreases) |
|||
| Asset and Contra-Asset Accounts: | |||
| Cash and cash equivalents | $ | 18,600 | |
| Accounts receivable | $ | 13,300 | |
| Inventory | $ | (16,300 | ) |
| Prepaid expenses | $ | 4,300 | |
| Long-term investments | $ | 10,300 | |
| Property, plant, and equipment | $ | 74,200 | |
| Accumulated depreciation | $ | 31,600 | |
| Liability and Equity Accounts: | |||
| Accounts payable | $ | (19,400 | ) |
| Accrued liabilities | $ | 17,600 | |
| Income taxes payable | $ | 4,200 | |
| Bonds payable | $ | (63,600 | ) |
| Common stock | $ | 41,600 | |
| Retained earnings | $ | 92,400 | |
The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $4,100.
Required:
a. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.)
b. Prepare the investing activities section of the company's statement of cash flows for the year.
c. Prepare the financing activities section of the company's statement of cash flows for the year.
In: Accounting
Megan Corporation's net income last year was $101,000. Changes in the company's balance sheet accounts for the year appear below:
| Increases (Decreases) |
|||
| Asset and Contra-Asset Accounts: | |||
| Cash and cash equivalents | $ | (5,400 | ) |
| Accounts receivable | $ | (17,000 | ) |
| Inventory | $ | 4,500 | |
| Prepaid expenses | $ | (9,100 | ) |
| Long-term investments | $ | 83,000 | |
| Property, plant, and equipment | $ | 61,000 | |
| Accumulated depreciation | $ | 64,000 | |
| Liability and Equity Accounts: | |||
| Accounts payable | $ | 0 | |
| Accrued liabilities | $ | 17,020 | |
| Income taxes payable | $ | (12,120 | ) |
| Bonds payable | $ | (34,500 | ) |
| Common stock | $ | 23,000 | |
| Retained earnings | $ | 59,600 | |
The company paid a cash dividend of $41,400 and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
The free cash flow for the year was:
In: Accounting
Unlike chemical reactions, for which mass is conserved, nuclear reactions result in slight changes in mass. When mass is lost, it becomes energy according to the equation
ΔE=Δm⋅c2
where ΔE is the energy in joules, Δm is the mass defect in kilograms, and c is the speed of light (c=3.00×108 m/s). The mass defect is the difference between the total mass of the products and the total mass of reactants. The following values can be used to calculate the mass defect.
| Particle | Mass (g/mol) |
| 01e | 0.00054858 |
| 11H | 1.00782 |
| 42He | 4.00260 |
Part A
The sun produces energy via fusion. One of the fusion reactions that occurs in the sun is
411H→42He+201e
How much energy in joules is released by the fusion of 2.09 g of hydrogen-1?
Express your answer to three significant figures and include the appropriate units.
In: Chemistry
In: Nursing
| Reaction Rates: Predicting Changes in Concentration We can often predict the change in concentration for some component in the reaction by watching how another species is changing. In the following reaction, molecules of the product are appearing at a faster rate than molecules of the reactant are being consumed. N2O4 (g) → 2 NO2 (g) This is why we scale the rate to the stoichiometry of the reaction. We can express the rate for a reaction with respect to any of the species present, based on the stoichiometry.rate = - Δ[N2O4]/Δt = 1/2 Δ[NO2]/Δt Use the stoichiometry of the reaction to predict the missing entry in the following table:
M |
In: Chemistry
Consider the fed funds rate when prior to any changes in the discount rate, banks just borrow from the Federal Reserve System, but not from other banks (Federal funds rate = Discount rate). What happens to the fed funds rate when discount rates are lowered? Draw the graph and explain what happens to the federal funds rate.
In: Economics
Presented below is selected information for Brimmer Company:
|
Changes in Various Ratios
Round answers to one decimal place. Use 365 days in a year.
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In: Accounting
What does economic theory suggest is the long run relationship between changes in a country’s level of savings and its level of investment? Explain how your answer depends upon whether or not the economy is open or closed.
In: Economics