Find invested in capital assets net of related debt

Assignment Help Accounting Basics
Reference no: EM13257355

On the following facts about an Enterprise Fund for a utilityoperation:

Outstanding bonds issued for capitalimprovements........................ $10,500,000

Transfer to General Fund (occursannually)..................................... $500,000

Charges for services earned in the currentyear................................. $14,600,750

Unspent capital bond issueproceeds.................................................$4,000,000

Salaries and wages expense for the currentyear............................... $9,600,000

Interest earning on allinvestments....................................................$600,000

Fair market value of water lines donated by a localdeveloper.......... $1,000,000

Net book value of all other existing capitalassets............................. $7,310,500

Invested in capital assets, net of related debt, would be

A. $7,310,500

B.$ 8,310,500

C. ($2,189,500)

D. $4,310,500

E. $1,810,500

 

Reference no: EM13257355

Questions Cloud

Describe the product or service provided : Apply risk management theory to the production of a business continuity plan. A plan must be developed from theory to practice. Assume you are starting a business.
Excuses formissed appointments : Randy has been asked to develope an estimate of the perunit selling price (the price that each unit will be sold for) on a new line of hand crafted booklets that offer excuses formissed appointments.
What will be the company stock price after stock split : SPU's stock is trade at $80 a share. The company is planning for a 2-for-1 stock split. What will be the company stock price after stock split.
Estimate a range of milliamperes : Use the empirical rule to estimate a range of milliamperes centered about the mean in which about 95% of the experimental group will have a threshold of pain.
Find invested in capital assets net of related debt : On the following facts about an Enterprise Fund for a utility operation: Invested in capital assets, net of related debt, would be?
State a balanced net ionic equation for the reaction : Write a balanced net ionic equation for the reaction of each of the following aqueous solutions with H+ ions.A) Sodium fluoride
Identify the null and alternative hypotheses : Identify the null and alternative hypotheses you should form for this test. State each as an explanation and as a math equation.
HR consultant given a job to research HRIS vendors : You are an HR Consultant given a job to research HRIS Vendors to help a business resolve an HR issue. The business is currently faced with a few HR issues, for example, high turnover.Part of the problem may also relate to performance evaluations
Briefly explain the conceptual model : In this assignment, we are going to discuss the conceptual Model of Effective Computer Based Instruction for Adults. Please respond to all of the following prompts You are preparing a report in preparation for developing new Computer Based Instruc..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Books to record the settlement of the receivable

(c) Prepare the journal entry on Mann's books to record the settlement of his debt. (d) Prepare the journal entry on Doran's books to record the settlement of the receivable.

  Professional services and banking

A CPA firm was purchased by a public company. The acquirer performs other professional services and has banking, insurance, and brokerage subsidiaries.

  Providing audit documentation

To which group can a CPA provide audit documentation without being subpoenaed and without the client's consent?

  Present level of fixed manufacturing costs

Allen Distributors has offered to purchase 5,000 saws per month at a reduced price. Burns can manufacture these additional units with no change in its present level of fixed manufacturing costs.

  Fixed-asset turnover ratio

The balance sheets of Davidson Corporation reported net fixed assets of $320,000 at the end of 2011. The fixed-asset turnover ratio for 2011 was 4.0 and sales for the year totaled $1,480,000. Net fixed assets at the end of 2010 were ??

  Determine the contribution margin per direct labor-hour

The Bird Toy Company manufactures a line of dolls and a doll dress sewing kit. Demand for the dolls is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year.

  What information do you give to the client

When you request the additional information from the client, she tells you that she has no more documentation and that is all you can be given.

  What are the ethical factors in this situation

Identify the parties potentially affected by this audit and the fee plan proposed.

  Non-controlling shareholder access to information

Does a non-controlling shareholder have access to any information other than the consolidated financial statements to determine how well the subsidiary is doing?

  Show a profit that is above the planned level

If I can reduce my costs by $40,000 during this last quarter, my division will show a profit that is 10% above the planned level, and I will receive a bonus of $10,000.

  Balance sheet and income statement for the year

Indicate the affect of the misstatement on Gentry Supplies Company's balance sheet and income statement for the year ended December 31, 2009.

  What are the low risk auditing ares for the home depots

1. what are the low risk auditing ares for the home depots 2. If management of the Home Depot faced tremendous pressure regarding the entity's financial performance, what opportunities might exist for them to engage in fraudulent financial reporti..

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!

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