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Following is an excerpt from a city General Fund statement of revenues, expenditures, and changes in fund balance. Calculate the numerator of the city operating margin. State the factors you considered in making your calculation.Revenues .................... $ 670,000Expenditures .................... 640,000Excess of revenues over expenditures ........... 30,000Other financing sources (uses):Transfer in from closed Special Revenue Fund ...... 50,000Proceeds from sale of capital assets ............ 40,000Net change in fund balance ............... $ 120,000
XYZ Corporation is experiencing an average collection period of 120 days. The industry average is about 75 days. The firm has also experienced an increase in its business in the last 2 years and has been buying more inventory. The management wants..
the recession that started in 2008 had devastating implications for employment. but one surprise was that for some
Prepare the statement of cash flows for the year ended December 31, 20X6, using the direct method, and include a schedule of noncash investing and financing activities if necessary.
Fully vested incentive stock options exercisable at $40 per share to obtain 28,000 shares of common stock were outstanding during a period when the average market price of the common stock was $50 and the ending market price was $50.
accounting objective questions, Which of the following is a cash flow from operating activities? A cash inflow from financing activities includes?
At December 31, 2008, the fair value of the securities was $585,000. What should Quinn report on its 2008 income statement as a result of the increase in fair value of the investments in 2008?
Free cash flow is expected to grow at 6% rate after 2011. Thw weighted average cost of capital is 11%. If operating capital as of 12/31/2010 is $502.2 million, what is the free cash flow for 12/31/2011?
One-year Treasury securities yield 5%. The market anticipates that 1 year from now, 1-year Treasury securities will yield 6%. If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities?
total costs were 75800 when 30000 units were produced and 95800 when 40000 units were produced. use the high-low method
montgomery company purchased an electric wax melter on april 30 2011 by trading in its old gas model and paying the
The scenario: At the start of the year beginning January 1, 2013, Coco City's General Fund had a cash balance of $40,000, vouchers payable of $35,000, and unassigned fund balance of $5,000.
during its first year of operations henley company had credit sales of 3000000 600000 remained uncollected at year-end.
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