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I have three public financial management questions (1)Under accrual accounting, the following are expenses on the operating budget (circle all that apply): 1. Depreciation 2.
I have three public financial management questions
- (1)Under accrual accounting, the following are expenses on the operating budget (circle all that apply):
- 1. Depreciation
- 2. Debt repayments
- 3. The acquisition of capital assets
- 4. Interest
- 5.Paymentstosuppliers
- (2) Operating budgets may differ from cash budgets due to (circle one):
- 1. Payment lags
- 2. Payment leads
- 3. Receipt lags
- 4. A and B
- 5.A,B,andC
- (3) A vaccination program has a fixed cost of $1,000 and there are no step-fixed costs. If the variable cost is $1.00 and the variable revenue is $1.50 (circle one):
- 1. The contribution margin is positive
- 2. Marginal cost is equal to variable cost
- 3. The break-even quantity will not change if variable revenue is decreased to $1.25
- 4. A and B
- 5. A, B, and C
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