For each of the following financial ratios that are based on comprehensive annual financial report (CAFR) information by selecting the appropriate letter of the explanation for that ratio. Answers can only be used once.A. An indicator of interperiod equity. B. An indicator of the government's commitment to replacement of capital assets. C. An indicator of the government's reliance on revenues it does not directly control. D. A measure of the degree to which government assets have been funded with debt. E. An indicator of the government's ability to pay its 60- to 90-day obligations. F. A measure of the government's capacity to issue debt. G. A measure of capital asset useful service life. H. A measure of the government's liquidity. I. An indicator of taxpayer debt burden. J. An
indicator of the government's ability to withstand financial emergencies. ________ 1. General fund balances/General Fund operating revenues________ 2. (Cash + short-term investments)/Current liabilities________ 3. General obligation long-term debt/Assessed valuation________ 4. Capital outlay from operating funds/Operating expenditures________ 5. General bonded debt/Legal debt limit________ 6. Accumulated depreciation/Average cost of depreciable assets________ 7. Net revenues/Total expenses________ 8. Charges for services/Total revenues________ 9. Total liabilities/Total assets________ 10. Current assets/Current liabilities
What will be an ideal response?
1. J, 2. E, 3. I, 4. B, 5. F, 6. G, 7. A, 8. C, 9. D, 10. H
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What effect does "recognizing revenue at the end of the accounting period for rent previously received in advance" have on the accounting equation for an insurance company?
a. Stockholders' equity increases and liabilities increase. b. Assets increase and stockholders' equity increases. c. Assets decrease and liabilities decrease. d. Liabilities decrease and stockholders' equity increases.
What are some of the signs of potential violence between employees?
What will be an ideal response?
Which sentence expresses numbers correctly??
A) The team included 25 regular members and 11 alternates B) ?The team included twenty five regular members and eleven alternates. C) The team included twenty-five regular members and eleven alternates.
In a recent survey, consumers were asked the following question: "Who should take the lead in addressing environmental issues?" Results suggest that consumers expect that ________ should.
A. the federal government B. businesses C. environmental groups D. state governments E. individuals