At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the judgment during year 2. The remaining balance of the judgment includes $25,000 payable early in year 3 and $75,000 payable at the end of year 4. What amount should the government entity report as a liability for the judgment in its year 2 governmental fund financial statements

Answers

Answer 1

The amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

What is liability?

"At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the judgment during year 2. The remaining balance of the judgment includes $25,000 payable early in year 3 and $75,000 payable at the end of year 4. What amount should the government entity report as a liability for the judgment in its year2 governmental fund financial statements?

A) $500,000 B) $100,000 C) $75,000 D) $25,000

It should be noted that liability simply means the future sacrifices of economic benefit that an entity is obliged to make.

Here, the amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

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Related Questions

Match each online banking security practice with the PCI security requirement that mandates it.
vulnerability management program
credit card data protection
strong access controls
secure network
encrypting transfer of card data
installing a firewall
installing antivirus software
assigning unique IDs and user names

Answers

The correct matches are as follows:- encrypting transfer of card data ⇒ strong access controls, credit card data protection installing a firewall, installing antivirus software⇒ vulnerability management program, Assigning unique IDs and user names secure network.

What do you mean by the PCI security?

PCI stands for the Payment Card Industry security that deals with the credit card from the major credit card schemes.

PCI DSS refers to the Payment Card Industry Data Security Standard, that sets the standards for all those companies, which are dealing with the credit card information.

PCI DSS ensures the safe environment to maintain the security for the stores, process and transmit the data for the credit card.

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Answer:

Plato Gang Rise :)

Explanation:

professionals who take onwership of their mistakes are said to have: A: a work ethic B: integrity C:dishonesty D:ingenuity

Answers

the correct answer is B. integrity

Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing:

Answers

Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase

What is opportunity cost?

Opportunity Cost of a product is the amount of money or benefits that is lost when a particular products is not used again.

The product is left for another alternative that is better.

Therefore, Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase

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Choose those characteristics that best describe a command system. Multiple select question. The division of output between capital and consumer goods is decided by market forces. A central planning board makes all economic decisions concerning resources. The government owns most property resources. Firms produce according to the demands of consumers.

Answers

A central planning board makes all economic decisions concerning resources and. The government owns most property, resources are the characteristics that best describe a command system.

What is command system?

Command system is the economic system where government  has a special and major role. That detects the economic with the real world problem like the coordination problem, moral problem, hazardous problem and others.

Thus, option B and C are correct.

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If a client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend _________ annuity.

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When client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend variable annuity.

What is a variable annuity?

It should be noted that a variable annuity simply means a contract between an individual and an insurance company where the insurer makes periodic payments.

In this case, when client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend variable annuity.

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Managing a small business became relatively easy with the advent of inexpensive personal computers. Inexpensive computer systems and off-the-shelf or even free, open-source software make it easy for the small business manager to: Multiple select question. lengthen their daily working hours follow the daily sales and expenses travel to other area businesses manage customer records

Answers

The inexpensive computer systems helps the business manager to follow the daily sales and expenses and manage customer records.

What is a computer system?

The compilation of pieces of hardware and softwares by connecting them together to create a network of computer in order to perform certain functions is known as a computer system.

Hence, options B and D hold true regarding computer system.

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PLEASE HELP ME!! please, please,, please explain how you got it, thank you

Answers

Answer:

I think the second one.

1/10 cookies per pizza

A dollar today is worth Blank______ a dollar in the future because it can be reinvested. Multiple choice question. the same as more than less than

Answers

Answer:

A dollar tomorrow is worth less than a dollar today, because if you invest the dollar you have today, you'll have more than a dollar tomorrow.

Logan's Roadhouse has become popular with a variety of people. It recently identified a primary customer segment in Millennials. To win over this demographic group, traditional media is less authentic in the perception of Millennials; therefore, Logan's Roadhouse does not use traditional media, and its marketing and promotion focus on maintaining a large online and social media presence. Here Logan's is likely to use _______.

Answers

If  he does not use traditional media. Here Logan's is likely to use concentrated targeting.

What is concentrated targeting?

Concentrated targeting can be defined as a marketing strategy in which a sales promotion or brand promotion is targeted, concentrated or focus at a specific audience.

Most companies  business owner tend to make use of concentrated targeting so as to cost effectiveness.

Therefore Logan's is likely to use concentrated targeting.

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Diners are served in a process with two resources. The first resource has a capacity of 1.1 diners per hour. The capacity of the second resource is 1.5 diners per hour. Demand for this process is 0.9 diners per hour.Instruction: Round your answer to three decimal places. What is the cycle time of this process (in minutes)

Answers

The cycle time of this process for the firm is 2.89.

What is a Cycle Time?

This refers to the average time between the start of production of one unit and the start of production of the next unit of production

Cycle Time = Net time available to work / Customer demand

Cycle Time = 1.1 + 1.5 / 0.9

Cycle Time = 2.88888888889

Cycle Time = 2.89.

Therefore, the cycle time of this process for the firm is 2.89.

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A bank receives a demand deposit of $10,000. The bank is now in a position to extend additional loans of $8,000. What is the legal reserve requirement

Answers

If the bank is now in a position to extend additional loans of $8,000. The legal reserve requirement is: 20 percent.

Legal reserve requirement

Using this formula

Legal reserve requirement=( Demand deposit -Additional loans/Demand deposit

Let plug in the formula

legal reserve requirement=($10,000-$8,000)/$10,000

Legal reserve requirement=$2,000/$10,000×100

legal reserve requirement=20%

Therefore the legal reserve requirement is: 20 percent.

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Based on this scenario,Do you want to change any of your business strategy.

Answers

Answer:

Yes , You can change your location.

The degree to which people identify with their jobs and consider their perceived performance levels important to self-worth is ________.

Answers

The degree to which people identify with their jobs and consider their perceived performance levels important to self-worth is Job involvement. This is further explained below.

What is Job involvement?

Generally, Job involvement is simply defined as the extent to which a person's employment is a part of his or her identity.

In conclusion, Job engagement is the degree to which individuals connect with their employment and believe their perceived performance levels to be vital to their self-worth.

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Innitrobe is ramping up to begin an erp implementation. to promote its success, innitrobe seeks project oversight and verification and validation of system performance from _____.

Answers

In this case, Innitrobe seeks project oversight, verification and validation of system performance from an experienced and independent resource.

What is a system performance?

Also known as business performance, its refers to a company's ability to make the best use of the resources it manages in its business activities.

Here, as Innitrobe is ramping up to begin an ERP implementation to promote its business success, its seeks such performance from an experienced and independent resource.

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Milo Millworks Incorporated has maintained a sustainable competitive advantage for its framing style. In order to accomplish this, the framing style must be

Answers

In order to accomplish this, the framing style must be difficult to substitute for.

What is Competitive advantage?

Competitive advantage can be defined as the way in which a company produce or manufacture more goods or product and sell those goods produce at lesser rate so as to  increase their sales than that of  their market competitors.

Based on the scenario in order for Milo Millworks to accomplish the competitive advantage  for their framing style, the framing style must be difficult to substitute for.

Therefore the framing style must be difficult to substitute for.

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Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases. This confirms the .

Answers

Your task on constructing the supply and price of soda confirms the Law of Demand.

What does the law of demand state?

The law of demand posits that for normal goods, the quantity demanded will decrease if the price increases. And vice versa.

This was why the quantity demanded for soda decreased as the prices increased.

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How should the government respond to housing prices going up?


explain why this policy would be the best solution using sowell's three questions.


why is your proposed solution the best response to this issue?

what is the cost of your proposed solution?

is there evidence (statistics or statements from experts) from a credible source that shows your proposed solution would work?

Answers

Th way Government can help to curb the rising of the housing prices is to provide subsidy to some of the households, especially those with low-income.

What is subsidy?

A subsidy serves as an aid from the government that help to relieve people in one way or the other.

Conclusively, with this subsidy, those household that earn very low income can be able to meet up because the actual price that is been put on the housing would be reduced.

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.

Which of the following types of business is most likely to use the subscription
business model?
A. Clothing companies.
B. Newspapers.
C. Furniture sellers.
D. Retail stores.

Answers

Answer:

B. newspapers

Explanation:

For adequate management of Newspaper sales and to avoid overproduction and underproduction, newspaper producers often use subscription methods to make sales. The subscription methods ensure the inflow of cash and customers getting their newspapers as at when due.

Newspapers of the following types of businesses are most likely to use the subscription business model. The correct option is B.

Industries that offer clients ongoing services or information frequently adopt the subscription business model. Newspapers in this instance offer subscribers consistent and ongoing material updates.

The newspaper's articles and news stories are only accessible to subscribers who pay a regular charge. Other content-based sectors, like publications, streaming services, and internet platforms that frequently provide access to unique content, all adopt this approach.

Thus, the ideal selection is option B.

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Interview a business owner on this crisis experienced in the workplace

Answers

There are several crises experienced by employees during recent pandemic. So, in an interview with a business owner regarding the crisis experienced, one can ask about how can businesses deliver better outcomes in times of a crisis.

What is an interview?

An interview is a meeting or a formal consultation at which information is obtained (as by a reporter, television commentator, or pollster) from a person.

It is a conversation in which you and an employer exchange information. The main features of the interview are conducted in the form of conversation, which is shaped by certain guidelines and questions between the researcher and the respondent. It is used in surveys and participant observation methods.

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The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice question. higher prices for goods investment in new machinery increased technology better pay and working conditions

Answers

The goals of labor are such that they want better pay and working conditions.

The ultimate goal of workers/labor

A business is in operation to make a profit, likewise, labor or workers work to the end of being paid for the services rendered.

In addition to good pay, labor also requires good perks like health cover, safe and secure work conditions, and the environment.

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Your friend is developing a marketing plan for her new business. What should she put in this plan?

Answers

My friend's marketing plan should be:

Where she wants to sell her product.Description of the people in her target market.

What is marketing plan?

These are plans a business devise to sell or advertise its products. The purpose of the plan is to help identify the target market and how best to reach them.

Hence,  she should put in these her plan; where she wants to sell her product and a description of the people in her target market.

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Suppose grapefruit is produced in a constant cost industry and sold in a perfectly competitive market. If the price for the grapefruit is lower than the average cost of producing grapefruit, what can we say about the long run equilibrium

Answers

What can we say about the long run equilibrium is: Fewer grapefruit will be produced.

What is perfectly competitive market?

Perfectly competitive market can be defined as the market  in which producer or manufacturer product similar or identical product.

Suppose the price of grape fruit is lesser  compare to the average cost of production it , this tend to mean that in the long run  only fewer or little amount of grapefruit will be produced.

Therefore fewer grapefruit will be produced.

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Question 8 of 10
What is the best strategy when considering a financial aid package?
A. Consider grants as a last resort.
B. Attend the most expensive school, regardless of aid.
C. Settle on the school that is least costly, even if you don't really
want to attend.
D. Consider private loans as a last resort.

Answers

The best strategy when considering a financial aid package is to Consider grants as a last resort.

What is a financial aid package?

This is the aid that is provided to the people of the United States as an aid that would help them in their education.

The financial aid helps to take care of the tuition of the students who have issues with finance.

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Answer:

D.

Explanation:

just took it

4. if you have two children, ages 2 and 4, how much should you record in step 3 of the form? (3 points)

Answers

Based on the information provided, you should record two (2) dependents in Step 3 of the W-4 form.

What is a W-4 form?

A W-4 form simply refers to an internal revenue service (IRS) tax form which is used in the United States of America, so as to indicate the correct federal income tax that should be withheld from an employee's paycheck.

In Step 3 of the W-4 form, an employee is expected to indicate whether or not he or she has dependents. Thus, an employee would write (record) the number of dependents he or she has in Step 3 of the W-4 form.

In this scenario, we can logically conclude that you should record two (2) dependents in Step 3 of the W-4 form because you've two (2) children, aged 2 and 4.

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Credit unions are: Group of answer choices member-owned financial cooperatives. mortgage lenders. available to the general public. special commercial lenders. large institutions when compared with commercial banks.

Answers

Credit unions are naturally A. member-owned financial cooperatives, and not mortgage lenders, special commercial lenders, or large institutions comparable with commercial banks.

How are credit unions different from other financial institutions?

Unlike other financial institutions, credit unions operate as non-profit financial institutions with low-interest rates.

Other financial institutions include:

Central banks (e.g. the Federal Reserve)Retail and commercial banksInternet banksMortgage banksSavings, and loans.

Thus, Credit unions are naturally A. member-owned financial cooperatives.

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What is one of the main reasons why businesses need to keep accurate accounting records?.

Answers

Businesses need to keep accurate accounting records so as to know if they are acheiving their financial goals.

What are Accounting records?

Accounting records can be regarded as those documentation that help to display the financial performance of a company.

Therefore, it is easy to keep track of ones goals financially with Accounting records.

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Putting criticisms or complaints on a professional e-mail will make a person look like a _______ and someone an employer would not like to hire.

Answers

Answer:

Putting criticisms or complaints on a professional e-mail will make a person look like a troublemaker and someone an employer would not like to hire.

When starting a small business, government agencies such as the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency are possible sources of: Multiple select question. customers information interest free loans capital

Answers

The government agencies like SBA and farmers' home administration are possible sources of capital. Thus the correct answer is D.

What is capital?

Capital refers to the total amount of capital assets required to generate goods or services in a business. This amount can be used to start a business, manage daily operations of the business, or grow and extend it.

These institutions the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency help to provide small businesses with financial assistance in terms of capital and loans and provide training to manage things in the business.

Therefore, option D capital is the correct answer.

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Intercontinental, Incorporated, uses a perpetual inventory system. Consider the following information about its inventory: August 1, purchased 10 units for $910 or $91 per unit; August 3, purchased 15 units for $1,590 or $106 per unit; August 14, sold 20 units; August 17, purchased 20 units for $2,300 or $115 per unit; August 28, purchased 10 units for $1,190 or $119 per unit; August 30, sold 23 units. Using weighted average, the cost of goods sold for the sale of 23 units on August 30 is ____ and the inventory balance at August 30 is

Answers

Using a weighted average, the cost of goods sold for the sale of 23 units on August 30 is $2,504.93 and the inventory balance at August 30 is $1,306.92 (12 units).

What is the weighted average inventory method?

The weighted average inventory method takes into consideration the weight (units and price) of each purchase to arrive at the total cost of goods available for sale.

The total cost of goods available for sale is then divided by the units available for sale to arrive at the weighted unit cost.

Data and Calculations:

August 1,  Purchase     10 units     $91     $910

August 3, Purchase     15 units   $106 $1,590

August 14, Sales         20 units

August 17, Purchase   20 units   $115 $2,300

August 28, Purchase   10 units  $119  $1,190

August 30, Sales        23 units.

Costs of goods available 55              $5,990

Units sold =                       43

Ending stock                     12 (55 - 43)

Weighted average cost per unit = $108.91 ($5,990/55)

Thus, using a weighted average, the cost of goods sold for the sale of 23 units on August 30 is $2,504.93 and the inventory balance at August 30 is $1,306.92 (12 units).

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Why do promises make a difference in people ives

Answers

Answer:

It gives people hope and trust in that person. Promiss are a mere social construct however they add that bit of extra trust to the mix

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Which of the following applies to a module?A) Monitors specific devices.B) Is a computer.C) Uses inputs to determine outputs.D) All of the above which sequence of transformations could be used to move triangle RST so it completely covers triangle RST? at end of synthesis phase an onion root tip cell will have a total of Convert MMCMLVII to Hindu-Arabic form Read the passage from the opinion of the court in Dred Scott v. Sandford, written by Justice Taney.The question then arises, whether the provisions of the Constitution, in relation to the personal rights and privileges to which the citizen of a State should be entitled, embraced the negro African race, at that time in this country, or who might afterwards be imported, who had then or should afterwards be made free in any State; and to put it in the power of a single State to make him a citizen of the United States, and endue him with the full rights of citizenship in every other State without their consent? Does the Constitution of the United States act upon him whenever he shall be made free under the laws of a State, and raised there to the rank of a citizen, and immediately clothe him with all the privileges of a citizen in every other State, and in its own courts?The court thinks the affirmative of these propositions cannot be maintained. And if it cannot, the plaintiff in error could not be a citizen of the State of Missouri, within the meaning of the Constitution of the United States, and, consequently, was not entitled to sue in its courts.What claim does Justice Taney make in this passage?that Sanford has the right to enslave Scottthat Scott has the right to be emancipatedthat Scott is not a citizen of Missourithat Sanford cannot sue because he is not a citizen 1. When streaming services began to produce their own films and series, a movement began to prevent these films from being eligible for prestigious industry awards, like oscars. What is this an example of? The inverse of a quadratic parent function with a limited domain is afunction.A. negativeB. cubedC. square rootD. hyperbolic Which of these choices show a pair of equivalent expressions? Check all that apply. What are the characteristics of tang culture? The Central American country of _____________ is an isthmus.AnswersA.GuatemalaB.MexicoC.NicaraguaD.Panama Find the range.3 -9 7 -1 5 -4 2 summary of the poem the singers Consider the equation -5\cdot e^{10t}=-305e 10t =30minus, 5, dot, e, start superscript, 10, t, end superscript, equals, minus, 30.Solve the equation for ttt. Express the solution as a logarithm in base-eee.t=Approximate the value of ttt. Round your answer to the nearest thousandth.t= A researcher needing to find information about the treasures of Sutton Hoo in a library using the Library of Congress system would need to look in which of these sections?A) C-D History and Topography ( Except American)B) A General WorksC) L EducationD) N Fine Arts Divide.456 764 R 164 R 265 R 165 R 2i need help 3. Study the table below. Which animal pair would probably be the closest related to one another?Kangaroo and iguanaDog and eagleWorm and fishFrog and fish what is individual tolerance? Q38: Rearrange g=2hm to make mthe subject What is the value of x? Tasty Goodies Bakery recorded the desserts that were recently sold.chocolate croissants1cookies1brownies10slices of pie12Considering this data, how many of the next 78 desserts sold should you expect to be slices of pie?slices of pie