Business, 23.11.2019 06:31 jadenhaslam

During the current year, the town of falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. you are provided with the following information:
the beginning net position balances are net investment in capital assets, $679,800; restricted, $0; and unrestricted, $1,354,692.
net income for the year was $162,759.
depreciation expense totaled $54,000.
a piece of equipment with a carrying value of $26,100 was sold for $25,000.
bonds for $500,000 were issued to construct a concession stand at the rink. at the end of the year, the concession stand was 50 percent complete, and construction work in progress totaled $248,000.
a $15,000 principal payment was made on a lease obligation.
a new zamboni ice resurfacing machine was purchased for $250,000. at the end of the year, a $30,000 note associated with the machine remains outstanding.
required
prepare the net position section of falmouth's current year statement of net position.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 21:00

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.

Answers: 1

Answer

Business, 22.06.2019 22:40

Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year.if the tax rate is 35 percent, what is the annual ocf for the project?

Answers: 1

Answer

Business, 23.06.2019 02:40

James sebenius, in his harvard business review article: six habits of merely effective negotiators, identifies six mistakes that negotiators make that keep them from solving the right problem. identify which mistake is being described. the negotiator has neglected to consider the course of action he will take if the proposed deal is not possible.

Answers: 3

Answer

Business, 23.06.2019 09:30

Let's consider a hypothetical airline, mudlarks airlines. on one of its flights, precious records show that about 15% of people who had tickets for the flights did not take the flight. there are 120 seats on the plane. 1. how many tickets should mudlarks airlines sell for this flight? 2. as an added consideration, suppose that tickets on this flight cost a flat rate of $250. in addition, mudlarks airlines must give any traveler who purchased a seat for the flight, but who cannot travel due to overbooking, a $400 certificate for their trouble. does this change your answer in question one? now, suppose that mudlarks airlines forms a partnership itch another airline, puffin air. their agreement allocates 100 seats on the flight to mudlarks airlines and another 20 seats to puffin air. the 2 airlines sell tickets for the flight independently of each other. 3. assuming the same 15% no show percent for each airline, how many tickets should each sell?

Answers: 3

Answer

You know the right answer?

During the current year, the town of falmouth had a number of transactions that affected net positio...

Questions