4 List the seven fund financial statements that are required as part of the basic financial statements by GASB standards. What measurement focus and basis of accounting should be used in preparing each of these statements?

Answers

Answer 1

The seven fund financial statements that are required as part of the basic financial statements by GASB standards are:Statement of net position;Statement of activities;Statement of revenues, expenses, and changes in fund net position;Statement of cash flows;Fiduciary fund statements, including the statement of fiduciary net position and statement of changes in fiduciary net position; andNotes to the financial statements.

In general, the measurement focus and basis of accounting used in preparing each of these statements are as follows:

1. Statement of net position and Statement of activities: The measurement focus is on economic resources and the basis of accounting is accrual basis.

2. Statement of revenues, expenses, and changes in fund net position: The measurement focus is on current financial resources and the basis of accounting is modified accrual basis.

3. Statement of cash flows: The measurement focus is on cash and cash equivalents and the basis of accounting is cash basis or accrual basis.

4. Fiduciary fund statements: The measurement focus and basis of accounting depends on the nature of the fiduciary activity.

5. Notes to the financial statements: These provide additional information and disclosures and have no prescribed measurement focus or basis of accounting.

Learn more about fund financial statements:https://brainly.com/question/29392236

#SPJ11


Related Questions

8. At the system study phase of ...........
...., the design team attempts to assess whether the
anticipated benefits of the system exceed its projected
costs,
which one is correct ?!
CHOICE OPTIONS A. Data mining B. EXTRACT C. Bolt-ons D. Hadoop E. Virtual private network (VPN) F. Data encryption G. Variety H. Operational feasibility 1. Enterprise application integration (EAI) J.

Answers

Operational feasibility would be the ideal answer for the statement. The design team assesses the system's operational viability during the system study phase, which is the first stage in the creation of a system.

This involves determining if the technology can be successfully integrated into the current operating environment and whether the expected benefits of implementation outweigh its projected expenses. Operational viability takes into account elements including resource accessibility, technical prowess, organisational preparation, and the potential influence on ongoing operations. It assists in determining whether the system is operationally realistic and implementable. The additional choices (data mining, extract, bolt-ons, hadoop, virtual private network (VPN), data encryption, variety, and J. The evaluation of anticipated benefits and predicted expenses during the system study phase is not directly related to enterprise application integration (EAI).

learn more about feasibility here:

https://brainly.com/question/30839666

#SPJ11

which chart type is ideal for visualizing financial data such as a p&l?

Answers

The chart type which is ideal for visualizing financial data such as a profit and loss (P&L) is a: bar chart.

A profit and loss (P&L) statement can be defined as a financial report that provides a summarized information of the following financial data about a business firm:

Total revenues.Expenses.Profit.Loss.

Hence, a profit and loss (P&L) statement gives an insight to investors on how a business firm is operating and whether or not it has the ability to generate profits at the end of a business year.

Typically, the chart type which is ideal for visualizing financial data such as a profit and loss (P&L) is a bar chart because each rectangular bar can be used to represent the finance or revenue (cash inflow) of the business firm.

Read more: https://brainly.com/question/23958726

Full of Fun Industries has been reviewing their advertising spending on traditional media such as television, radio, and print. The noticed that their competitors across the country are spending less on traditional advertising and more on ________, which includes online search, display and video ads, and advertising on social media

Answers

Answer to the given question is  Digital Advertising.The noticed that their competitors across the country are spending less on traditional advertising and more on Digital Advertising, which includes online search, display and video ads, and advertising on social media

Digital Advertising is a form of advertising that uses digital technologies such as the internet, mobile phones, display advertising, and any other electronic media to promote products and services. It is becoming increasingly popular among businesses due to its ability to reach a wider audience and its cost-effectiveness.

To know more about advertising here

https://brainly.com/question/28287012

#SPJ4

Explain the project planning steps​

Answers

Set goals

Prioritize tasks

Create a schedule

Communicate.

Which of the following might vary in on online purchase depending on where the purchaser lives?
A. The quality of the object
B. The sales tax charged
C. The appearance of the item
D. The retail price of the item

Answers

Answer:

The sales tax

Explanation:

88 million people live on less than $1. 00 a day. These people are said to be living in _____________.

Answers

88 million people live on less than $1. 00 a day. These people are said to be living in absolute poverty.

Poverty is about no longer having enough money to fulfill primary wishes which include meals, garb and safe haven. but, poverty is extra, an awful lot more than just now not having enough cash. the arena bank corporation describes poverty in this manner: “Poverty is hunger. Poverty is loss of safe haven.

We will outline poverty as the circumstance in which the fundamental needs of a own family, like meals, refuge, clothing, and schooling are not fulfilled. it is able to lead to different troubles like poor literacy, unemployment, malnutrition, and so on. A terrible individual is not capable of get education due to lack of cash and consequently stays unemployed.

Learn more about poverty here:https://brainly.com/question/2625149
#SPJ4

E6-11 Reporting Net Sales after Sales Discounts [LO 6-4] T
he following transactions were selected from the records of Evergreen Company:
July 12 Sold merchandise to Wally Butler, who paid the $860 purchase with cash. The goods cost Evergreen Company $530. 1
7 Sold merchandise to Claudio's Chair Company at a selling price of $4,860 on terms 3/10, n/30. The goods cost Evergreen Company $3,430.
18 Sold merchandise to Otto's Ottomans at a selling price of $2,930 on terms 3/10, n/30. The goods cost Evergreen Company $1,830. 23 Received cash from Claudio's Chair Company for the amount due from Jul-17.
31 Received cash from Otto's Ottomans for the amount due from July Jul-18.

Required:
Compute the amount of revenue to be reported for the month ended July 31. (Round your answer to 2 decimal places.)

Answers

To compute the amount of revenue to be reported for the month ended July 31, we need to calculate the net sales. Net sales are calculated by subtracting sales discounts from gross sales.
Let's break down the transactions:
Transaction 1: Sold merchandise to Wally Butler for $860 in cash. Since there is no mention of any sales discount, the full selling price of $860 will be included in the net sales.
Transaction 2: Sold merchandise to Claudio's Chair Company for $4,860 on terms 3/10, n/30. This means that if the payment is made within 10 days, a 3% sales discount can be availed. The net amount will be $4,860 - (3% of $4,860) = $4,721.80.
Transaction 3: Sold merchandise to Otto's Ottomans for $2,930 on terms 3/10, n/30. Similar to the previous transaction, a 3% sales discount can be availed if the payment is made within 10 days. The net amount will be $2,930 - (3% of $2,930) = $2,842.10.
Now, let's calculate the total net sales:
$860 (Transaction 1) + $4,721.80 (Transaction 2) + $2,842.10 (Transaction 3) = $8,423.90
Therefore, the amount of revenue to be reported for the month ended July 31 is $8,423.90.
The net sales for the month of July amount to $8,423.90.

To know more about revenue  visit :

brainly.com/question/27325673

#SPJ11

Look at pic for question and answers.

Look at pic for question and answers.

Answers

Answer:

It is decreased by the sale amount

Explanation:

An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.

The sale of a company's asset may result in a loss or profit. A profit is treated as an income to the business, but a loss is an expense. When an asset is sold at a loss, business expenses increase. An increase in expenses reduces profits as reported in the income statement.

write short notes by Napier bone ​

Answers

Answer:

Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.

Which of the following documents must an entrepreneur file to create a limited liability company?
A and C only
Articles of Incorporation
Articles of Organization
Operating Agreement

Answers

An entrepreneur must file Articles of Organization and an Operating Agreement to create a limited liability company (LLC).

Articles of Organization are the legal documents required to register an LLC with the state government. These documents contain information about the LLC, such as its name, address, and purpose. They also typically include information about the LLC's management structure, such as whether it is managed by its owners (members) or by appointed managers.

An Operating Agreement is a legal document that outlines the ownership and operating procedures of the LLC. It typically covers topics such as how profits and losses will be divided among members, how the LLC will be managed, and how disputes among members will be resolved.

Therefore, to create an LLC, an entrepreneur must file Articles of Organization with the state government and draft an Operating Agreement that outlines the ownership and operating procedures of the LLC.

To know more about Operating Agreement ,visit:

https://brainly.com/question/12958233

#SPJ11


Look at the demand and supply schedules for wombles in the table below. Use a
graphing tool and insert your graph on page 3. You can use tools in word, Excel, of
web bases ones like ChartGo. You can draw on paper and yan.
Demand and Supply Schedule

Answers

A demand schedule is used in conjunction with a supply schedule, which shows the quantity of goods that can be supplied to the market by producers at a price.

What is a demand schedule?

Your information is incomplete. Therefore, an overview will be given. A demand schedule is simply a table that shows the quantity demanded of a good at different price levels.

A supply schedule is a table which shows the relationship between the price of a good and the quantity supplied.

A demand schedule consists of two columns. Here, the first column lists a price for a product and the second column lists the quantity of the product demanded at that price. Also, the price is determined based on the research of the market.

Learn more about demand schedule on:

https://brainly.com/question/12727568

List any THREEshopping skill that you will follow.

Answers

1. Comparing prices
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them


There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.

MATCH EACH TERM WITH EACH DEFINITION

Credit report
Grace period
Secured card
Annual percentage rate

1. The amount of interest paid on a unpaid balance

2. Number of days to run a balance before fees or interest are charged

3.A credit card with money in a savings account to act as collateral

4. A listing of a persons financial information and history

Answers

Answer:

grace period = 2

credit report= 4

secured card = 3

annual percentage rate = 1

Answer:

annual percentage ; the amount of interest charged on unpaid balances

grace paid ; number of days to run a balance before fees or interest are charged.

balance transfer ; the movement of money owed on one credit card to another credit card.

credit report ; listing of a person's financial information and history.

Explanation:

ap3x correct

Which of these would be considered the most expensive form of advertisement? A. Newspaper ad B. Radio ad c. Television ad D. Web banner​

Answers

Television or radio ad

Answer:

Television advertisement

Explanation:

News Paper advertisement is probably the cheapest, Web banner coming at second cheapest probably around $60-130. Radio Advertising coming at 2nd most expensive, and Television at first.

11. True or false. A crime is an offense against the public at large.
a. TRUE
b. FALSE

Answers

Answer:

I mean I'm pretty sure that's true considering crime is against the law.

It is true that a crime is an offense against the general public. Thus option (A) is correct.

What is the offense?

You know, playing offense refers to taking proactive measures, approaching rather than avoiding situations, getting a head start on the day, and tackling the difficult task first. By taking the offensive, you are shaping your life rather than letting it happen to you. Compared to playing defense, it is considerably more intriguing and gratifying.

The offensive conduct is the primary focus of a public order felony charge. While public order offenses generally follow a similar pattern across all states, certain local governments may have extra or different laws.

Such actions are viewed as crimes not because an obvious offender and victim can be identified, but rather because the larger community, or at least a vocal and influential portion of it, feels offended and hence victimized by such actions. Public order offenses have different legal standing in different jurisdictions.

Therefore, Thus option (A) is correct.

Learn more about offense here:

https://brainly.com/question/29760184

#SPJ2

Jeffrey is having a busy day

Answers

Answer:

Tell Jeffery to take a nap

Explanation:

On the performance evaluation, "far more than promotion-ready in this trait right now" best describes what promotion recommendation?

Answers

"Much more than promotion-ready in this trait right now," according to the performance review Promotion recommendation is best rated at 4.0.

The required details for "performance evaluation" in given paragraph

The term "performance evaluation" refers to a structured and effective process for gauging an employee's performance in relation to their duties at work. It is used to evaluate an employee's value addition in terms of improved revenue for the company in comparison to industry norms and overall employee return on investment (ROI). An organization's or person's job performance is measured through performance review in order to assess how effectively they carry out their duties.

In this section, we will learn about a few significant extra uses of performance evaluation: Periodic performance evaluations serve as a manager's report card, recognizing the job an employee has completed over a certain period of time.

To know about "performance evaluation" click here

https://brainly.com/question/30657657

#SPJ1

Why do we say that credit is basically a loan?

Answers

Technically no, a loan is when you borrow money, credit score shows of you pay your bills on time and all that

What is a file manager? Give an example the file manager is a user medium platform interface

Answers

Answer:

The Android File Manager app helps users manage and transfer files between the smartphone's storage and a computer. ... The Android operating system allows you to remove apps quickly if you no longer use them or to make room for additional files without having to connect the phone to your computer.

Explanation:

Calcular el valor futuro de $2,500 que se ahorran al final de cada mes por un periodo de 4 años con una tasa de interés del 9% anual:

Answers

Answer:

VF= $143.801,78

Explanation:

Dada la siguiente información:

Deposito mensual (A)= $2.500

Cantidad de periodos (n)= 4*12= 48 meses

Interes mensual (i)= 0,09/12= 0,0075

Para calcular el valor futuro (VF), debemos usar la siguiente formula:

VF= {A*[(1+i)^n-1]}/i

VF= {2.500*[(1,0075^48) - 1]} / 0,0075

VF= $143.801,78

Based on expected production of 6,000 units, a company reports the following costs: direct materials cost of $4 per unit, direct labor cost of $8 per unit, variable overhead cost of $3 per unit, fixed overhead of $60,000 per year, variable selling and administrative expenses of $2 per unit, and fixed selling and administrative expenses of $20,000 per year. There is no beginning inventory. If 4,000 units are sold at $40 per unit, what is net income under absorption costing

Answers

Answer:

Net operating income= $32,000

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed overhead and unitary total cost:

Unitary fixed overhead= 60,000 / 6,000= $10

Unit product cost= direct material + direct labor + total unitary overhead

Unit product cost= 4 + 8 + 3 + 10

Unit product cost= $25

Now, the net operating income:

Net operating income= Sales - COGS - Total variable selling and administrative expenses

Net operating income= 4,000*40 - 25*4,000 - (2*4,000 + 20,000)

Net operating income= 160,000 - 100,000 - 28,000

Net operating income= $32,000

Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.

Answers

Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.

Explanation: Those are two primary functions.

The banks function in three ways as transfer money from savers hold deposits, and make money by giving loans.

What is a banking system?

A banking system is one that is a group or a network of institutions that provides financial services to people. The banking system includes the provision of loans, deposits, and helping investments.

The bank transfers the money from the savers to borrowers by holding the deposits and lending the excessive transfer of reserves.

Find out more information about the banking system.

brainly.com/question/14274562

Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.

Answers

Answer: first one

As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.

Explanation:

credit to mohammedalm2

i neeeeeeeed help 10 points​

i neeeeeeeed help 10 points

Answers

Answer:

Uh I dont get iut

Explanation:

       

Explain the importance of leisure activities.

Answers

Answer:

leisure activities improve the productivity of people

Explanation:

if you feel stressed and then go to a water park, you will get less stressed right?

frances mcclurg favors the roth ira over the traditional ira. what advantage does the roth provide over the traditional ira?

Answers

Frances McClurg favors the Roth IRA over the Traditional IRA. Frances has an advantage of the Roth IRA over the Traditional IRA as she can avoid income tax during withdrawal.

The Individual Retirement Account (IRA) is useful for self-employed people with no company retirement plan. They can save for their retirement as well as taxes. IRA has two types that are Roth IRA and Traditional IRA. Traditional IRAs are Federal and state tax-deductible which makes the distributions or withdrawals taxable during the time of retirement. It restricts and controls access to funds at the time of retirement.

Roth IRAs have conditions for eligibility in income as it is tax-free when people contribute to it. During the time of retirement, the withdrawal or distribution to the people availing Roth IRA is tax-free. Therefore, Frances has the benefit of tax-free withdrawal during retirement.

Learn more about IRA here https://brainly.com/question/3606162

#SPJ4

3.) What are some key things to look for when setting up an IRA?​

Answers

Here is your Answer:-

You have the freedom to choose the type of IRA that is appropriate for you and to choose your own provider when you set it up on your own. You can add the “auto funding” feature to your IRA after you’ve set up the account. Step 1:- Choose the IRA That’s Best for You. Traditional and Roth IRAs are the most popular of the many forms of IRAs.

Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy

Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.

Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:

Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:

What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?

Answers

1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.  

Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.

2. The real return on my investment in Amazon.com Inc was a net loss of  7.12% or $667.60.

3. The company I selected to buy its stock three years ago was Amazon.com Inc.

4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.

5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.

6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.

What is the stock investment?

Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.

The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).

Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)

Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)

Tax (10%) = $1,024.40 ($10,244 x 10%)

Inflation (3%) = $307.32 ($10,244 x 3%)

Administration fee on sales (2%) = $204.88 ($10,244 x 2%)

Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)

Loss on returns = $667.60 ($8,707.40 - $9,375)

Loss percentage = 7.12% ($667.60/$9,375 x 100)

Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.

Learn more about stock investment at https://brainly.com/question/25818989

#SPJ1

Which describes the purpose of non-sufficient funds fees? A: penalize customers for writing checks for money they don't have


B:make sure customers keep sufficient funds in their account


C: pay for the costs of having bank employees


D: collect funds for withdrawals from a competitor’s machine

Answers

Answer:

A: penalize customers for writing checks for money they do not have

Explanation:

A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.

In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.

Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.

A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.

Hence, the purpose of non-sufficient funds fees is to  customers for writing checks for money they do not have. In the United States of America, the fee charged for non-sufficient funds (NSF) checks is between $27 to $35.

for business and personal finance: What is insurance?

Answers

Answer:

Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.

From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.

Other Questions
what impacted jewish people and settlements Which expression is equivalent to the expression below?2(6k+4)4(2+2k1)-------------------------------------------------------------------------a} 18+48kb} 14k1c} 4k4d} 4+4k Company Background Open with The story of how Howard Schultz managed to transform a commodity into an upscale cultural phenomenon has become the stuff of legends. In 1971, three coffee fanatics-Gerald Baldwin, Gordon Bowker, and Ziev Siegl-opened a small coffee shop in Seattle's Pike Place Market. The shop specialized in selling whole arabica beans to a niche market of coffee purists. In 1982, Schultz joined the Starbucks marketing team; shortly thereafter, he traveled to Italy, where he became fascinated with Milan's coffee culture, in particular, the role the neighborhood espresso bars played in Italians' everyday social lives. Upon his return, the inspired Schultz convinced the company to set up an espresso bar in the corner of its only downtown Seattle shop. As Schultz explained, the bar became the prototype for his long-term vision: The idea was to create a chain of coffeehouses that would become America's "third place." At the time, most Americans had two places in their lives-home and work. But I believed that people needed another place, a place where they could go to relax and enjoy others, or just be by themselves. I envisioned a place that would be separate from home or work, a place that would mean different things to different people. A few years later, Schultz got his chance when Starbucks' founders agreed to sell him the company. As soon as Schultz took over, he immediately began opening new stores. The stores sold whole beans and premium-priced coffee beverages by the cup and catered primarily to affluent, well- educated, white-collar patrons (skewed female) between the ages of 25 and 44. By 1992, the company had 140 such stores in the Northwest and Chicago and was successfully competing against other small-scale coffee chains such as Gloria Jean's Coffee Bean and Barnie's Coffee & Tea. That same year, Schultz decided to take the company public. As he recalled, many Wall Street types were dubious about the idea: "They'd say, "You mean, you're going to sell coffee for a dollar in a paper cup, with Italian names that no one in America can say? At a time in America when no one's drinking coffee? And I can get coffee at the local coffee shop or doughnut shop for 50 cents? Are you kidding me?""2 Ignoring the skeptics, Schultz forged ahead with the public offering, raising $25 million in the process. The proceeds allowed Starbucks to open more stores across the nation. By 2002, Schultz had unequivocally established Starbucks as the dominant specialty-coffee brand in North America. Sales had climbed at a compound annual growth rate (CAGR) of 40% since the company had gone public, and net earnings had risen at a CAGR of 50%. The company was now serving 20 million unique customers in well over 5,000 stores around the globe and was opening on average three new stores a day. (See Exhibits 1-3 for company financials and store growth over time.) What made Starbucks' success even more impressive was that the company had spent almost nothing on advertising to achieve it. North American marketing primarily consisted of point-of-sale materials and local-store marketing and was far less than the industry average. (Most fast-food chains had marketing budgets in the 3% -6% range.) For his part, Schultz remained as chairman and chief global strategist in control of the company, handing over day-to-day operations in 2002 to CEO Orin Smith, a Harvard MBA (1967) who had joined the company in 1990. 2 Batsell. 2 Please help!!! which elements are most useful for creating a conversational writing style? formal language and quotes idioms and dialect figurative language and facts opinions and repetition The most recent data from the annual balance sheets of Pellegrini Southern Corporation and Jing Foodstuffs Corporation are as follows:Balance Sheet December 31st (Millions of dollars) Jing Foodstuffs Pellegrini Southern Jing Foodstuffs Pellegrini Southern Corporation Corporation Corporation CorporationAssets Liabilities Current assets Current liabilities Cash $4,879 $3,136 Accounts payable $0 $0Accounts receivable 1,785 1,148 Accruals 1,076 0Inventories 5,236 3,366 Notes payable 6,096 5,737Total current assets $11,900 $7,650 Total current liabilities $7,172 $5,737Net fixed assets Long-term bonds 8,765 7,013Net plant and equipment 9,350 9,350 Total debt $15,937 $12,750Common equity Common stock $3,453 $2,763Retained earnings 1,860 1,487Total common equity $5,313 $4,250Total assets $21,250 $17,000 Total liabilities $21,250 $17,000 and equityPellegrini Southern Corporations current ratio is___, and its quick ratio is___; Jing Foodstuffs Corporations current ratio is___, and its quick ratio is___. Note: Round your values to four decimal places.Which of the following statements are true? a. Pellegrini Southern Corporation has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Jing Foodstuffs Corporation.b. If a companys current liabilities are increasing faster than its current assets, the companys liquidity position is weakening.c. If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between the two ratios is large, then the company depends heavily on the sale of its inventory to meet its short-term obligations.d. Pellegrini Southern Corporation has a better ability to meet its short-term liabilities than Jing Foodstuffs Corporation.e. An increase in the current ratio over time always means that the companys liquidity position is improving. QUESTION 1- URBST 101According to Goldsmith and Blakely, which theory of poverty is best exemplified by the following statement:"Self-destructive behaviors -- dropping out of school, joining a gang, taking drugs, bearing children when one isn't ready -- compound poverty. Researchers often find that very poor families worldwide spend more of their income on alcohol than on educating their children. In central _______, a government study published a few years ago found that men there, on average, spent more of their salaries on alcohol than on food." ~Nicholas D. Kristof A. Poverty as pathology B. Poverty as accident or incidentC. Poverty as personal responsiblity D. None of the above Why did the Harlem Renaissance occur? I need help on this question! How many times greater is 3.8 x 10^5 than 3.8 x 10^-7? All businesses approach ethics the same way.True or False How does burning fossil fuels cause an increase of carbon in the air? Indicate whether the following Boolean expressions are in conjunctive normal form o disjunctive normal form or both or neither:a) yxzw b) x + (yz + zx)w c) xyz + Zw d) (w+x+2)(y+w) How effective are oral medications, such as bupropion (Wellbutrin, Zyban, Budeprion) or varenicline (Chantix), in helping smokers quit In order to calm herself after she hears a loud noise, Tanya keeps repeating, "Dad says noises are funny." This behavior BEST illustrates the concept of:a. emotion regulation.b. conformity.c. imprinting.d. separation anxiety. CLICK ON THIS, 30 POINTS+BRAINLIEST3RD TIME IM POSTING THIS! PLEASE HELP, THIS TIME BRAINLIEST AND 30 POINT!!!!!!!!WHO WOULDN'T WANT THAT BY JUST ANSWERING 2 QUESTIONS!!!!!!!! Bryantwas playing the video gameShip,ShipAhoy!He began Level 2 with 15 points but soon got6 points because his character fell overboard. What is Bryant's total scorenow? preparing an unadjusted trial balance using the following t-accounts, prepare an unadjusted trial balance for perry inc. assume that the trial balance is dated january 31. ignore account numbers. cash 7,200 3,600 1,440 accounts receivable 1,800 1,440 1,080 equipment 1,980 accounts payable 3,600 5,400 810 note payable 1,980 common stock 3,600 What changes in womens lives were made in the 1800s Explain the risk-reduction concept of separating multiple risks and give an example of its successful use evelyn has 80 pens 15 pens are black and the other pens are bluewhat is the probability of a black pen