The following information pertains to Sundown's water and sewer fund, an enterprise fund, for the year ended June 30, 20X0: Operating revenues$840,000 Operating expenses-excluding depreciation 610,000 Depreciation expense 50,000 Supplies Inventory 10,000 Cash 130,000 ?Based upon the information presented, what was the increase in the enterprise fund's unrestricted net assets for the fiscal year ended June 30, 20X0?
A. $310,000
B. $230,000
C. $320,000
D. $180,000
Answer: D
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Wilma locked herself in the trunk of a 1973 sedan in an attempt to learn a magic trick. After some time, she decided to get out of the trunk, but was unable to do so. She was released nine days later. She subsequently sued the manufacturer of the sedan for the psychological and physical injuries she sustained because the trunk did not have an internal release or opening mechanism that would have allowed her to escape. She alleged that the manufacturer was negligent in its design of the car because it lacked such a mechanism, and negligent because it failed to warn users that the trunk did not have such a mechanism. In this scenario, was the manufacturer of the sedan negligent for failing to warn, or failing to include a release mechanism in its design of the car?
What will be an ideal response?
Which of the following is true of building a creative marketing organization?
A) It is enough if firms are customer-oriented. B) Companies must watch trends and be ready to capitalize on them. C) Firms should focus more on efficiency rather than innovation. D) Companies should attempt to minimize risks as much as possible. E) Firms should focus on protecting their existing markets and physical resources.
The audit of the cash account is inherently risky due to volume of activity, liquidity and the account's susceptibility to fraud
a. True b. False Indicate whether the statement is true or false
______ is based on the belief that organizations have some responsibilities to society beyond that of making profits for the shareholders.
A. Sustainability B. Corporate social responsibility C. Accountability D. Authority