User Account

All Pages

Compute the ending net position balance

Assignment Help Accounting Basics
Reference no: EM131783154

Problem

The General Fund of the City of Parkersburg made a permanent contribution of $100,000 to an internal service fund in 2009. Also, during the year, the internal service fund had revenue of $500,000, expenses of $450,000 and a transfer out of $30,000. Assuming this was the first year of operations for the internal service fund, the ending net position balance, after closing entries, would be what?

Reference no: EM131783154

Questions Cloud

Prepare an installment payments schedule for five payments : Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to 0 decimal places, e.g. 125.)
Discussion of chosen culture including a short history : Discussion of chosen culture including a short history. A brief explanation of some beliefs and traditions of your chosen culture.
What is the difference between direct and indirect costs : What is the difference between direct and indirect costs? Provide examples from either your course project or a project you have worked on.
Financial investment industry : How does the microeconomic concept of cost of production apply to the financial investment industry?
Compute the ending net position balance : Assuming this was the first year of operations for the internal service fund, the ending net position balance, after closing entries, would be what?
Describe function of sport management agencies : Select one function of sport management and marketing agencies described in your course readings.
Impact the industrialization process of less-developed : Do you agree or disagree with the argument that tariffs from industrialized nations negatively impact the industrialization process of less-developed nations?
Appropriate process for its newly developed product : Which of the following tools would help a company that needs to select the appropriate process for its newly developed product?
How many withholding allowances would you expect jane : How many withholding allowances would you expect Jane to claim on her Form W-4? What further changes should she make to her W-4 at the beginning of 2017?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd