Define the term "Revenue" and distinguish between that term and "Other Financing Sources."
What will be an ideal response?
Revenue is defined as increases in fund financial resources other than from interfund transfers and debt issue proceeds. As the definition of revenues implies, Other Financing Sources are increases in fund financial resources from interfund transfers and debt issue proceeds.
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Indicate whether the statement is true or false
Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Using the step method, what amount of Administration costs is allocated to C (round to the nearest dollar)? a. $389,189 b. $145,946 c. $291,892 d. $72,973
The formula for usage variance is (AQ - SQ) * SP
Indicate whether the statement is true or false
A hacker is someone who uses one computer to break into another
a. True b. False Indicate whether the statement is true or false