Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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. (1)Under accrual accounting, the following are expenses on the operating budget (circle all that apply):
  2. 1. Depreciation
  3. 2. Debt repayments
  4. 3. The acquisition of capital assets
  5. 4. Interest
  6. 5.Paymentstosuppliers
  7. (2) Operating budgets may differ from cash budgets due to (circle one):
  8. 1. Payment lags
  9. 2. Payment leads
  10. 3. Receipt lags
  11. 4. A and B
  12. 5.A,B,andC
  13. (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):
  14. 1. The contribution margin is positive
  15. 2. Marginal cost is equal to variable cost
  16. 3. The break-even quantity will not change if variable revenue is decreased to $1.25
  17. 4. A and B
  18. 5. A, B, and C

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Core Concepts

Authors: Raymond Brooks

4th Edition

134730417, 134730410, 978-0134730417

More Books

Students also viewed these Finance questions