The answer to the question is (A) a direct incentive.
A direct incentive refers to a type of incentive that is given in order to cause an action to occur.
A direct incentive is generally tangible to the person who is targeted by it. In contrast, its opposite, an indirect incentive refers to a type of incentive that a person receives indirectly by choosing to do something. It is usually less tangible than a direct incentive.
Answer:
Whippet Bus lines should depreciate the bus $0.50 for every mile driven.
Explanation:
To determine the amount of money that Whippet Bus should depreciate for every mile driven, we first must find the total depreciable value of the bus:
depreciable value = purchase cost - salvage value = $101,000 - $8,000 = $93,000
Now we divide the depreciable value by the expected useful life of the bus measured in miles:
cost per unit of activity = $93,000 / 186,000 miles = $0.50 per mile
Answer:
The answer is "e. Both A and C are necessary"
Explanation:
First of all, we need to define what a Special Revenue Fund is. This is a fund that a government creates with the purpose of collecting funds that are to be used for a specific project. This also helps in ensuring accountability as well as this indicates that the tax payer's money is being utilized appropriately.
Note that this does not pertain to funds established by private sector entities but are 'governmental in nature'.
Now, a primary requirement for a governmental fund to be classified as a 'major' fund is if at least one element of the fund (that can be either revenue, expenditure, liabilities or assets) are equivalent to a minimum of 10% of the corresponding elements of total government funds. In the given example, 10% of the revenue in the Special Revenue Fund is equivalent to at least 10% of the revenue of the total governmental funds. This figure needs to equivalent to 5% of total governmental and enterprise funds combined as well. Once these two conditions are met, we can classify the Special Revenue Fund as a major fund.
Keeping in mind the above requirement, options 'a' and 'c' BOTH are correct. Also note, that there is no timeframe required for a fund to be classified as major therefore option 'b' is ruled out.
B. liability
C. property
D. personal
Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce
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Answer:
Accounting
Explanation:
Accounting is the process of recording, measuring and presenting the fnancial information of a company. Accounting allows to understand and analyze the financial health of an organization and make the appropiate decisions based on that. Because of this, the answer is that the system that maintains records of a company's operations and then communicates that information to decision makers is referred to as accounting.