3. The meaning of saving and investment Classify each of the following based on the macroeconomic definitions of saving and investment. Saving Investment Yvette borrows money to build a new lab for her engineering firm. Sean purchases a corporate bond issued by a car company. Cho purchases stock in NanoSpeck, a biotech firm. Bob purchases a new condominium in Chicago.

Answers

Answer 1

Answer and Explanation:

The classification is as follows:

1. As the money is to be borrowed to built a new lab, so it is an Investment.

2. As the corporate bond is issued by a car so it should be the savings

3. The stock is purchased so it should be the saving

4. The purchase of the new condominium should be considered as an investment

In this way it should be classified


Related Questions

At the Santa Barbara fishing hole, people come from all around to catch fish to sell at the fish market.The total number of fish caught is F= 10x−x2 where x is the number of fishermen. Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum,how much would it hurt all the other fishermen (combined) if one more person started fishing?
(a) $30
(b) $20
(c) $10
(d) $40

Answers

I think it’s A, sorry if it’s the wrong answer

​The owner of a bakery decides to drop the price of lemon cakes by 5%, how much does quantity sold have to rise to stop the revenue from decreasing

Answers

Answer:

5%

Explanation:

In the case when the bakery owner decided to decline the lemon cake price by 5% so here the quantity that should be sold should be increase in order to stop the revenue from reducing it by 5% as this is happen because of the price and the elasticity

So as per the given situation, the quantity sold should also be increased by 5%

Davol Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $6.80 per direct labor hour; the budgeted fixed manufacturing overhead is $72,000 per month, of which $20,000 is factory depreciation.
If the budgeted direct labor time for October is 5,000 hours, then the total budgeted manufacturing overhead for October is:
A) $52,000
B) $106,000
C) $54,000
D) $86,000

Answers

Answer:

B. $106,000

Explanation:

Total budgeted manufacturing overhead for October = Budgeted variable manufacturing overhead + Budgeted fixed manufacturing overhead

Total budgeted manufacturing overhead for October = ($6.8 × 5,000 hours) + $72,000

Total budgeted manufacturing overhead for October = $106,000

Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs:

Answers

Answer: completed in the period

Explanation:

Job order costing system refers to the system when small batches of the products are ordered by the customers. It is useful in knowing the cost that's used in the manufacturing of each product.

It's usually used when different products are being produced and the cost for each individual job need to be calculated. Under a job-order costing system, the dollar amount transferred from Work in Process to the finished goods will be the sum of the costs that's charged to all jobs that are completed in the period.

is a field of study focused on understanding, explaining, and improving attitudes of individuals and groups in organizations. a. Organizational behavior b. Values in organizations c. Management d. Strategic human approach

Answers

Answer:

i think its a. Organizational behavior

Select each concept with its best description by selecting its letter in the dropdowns. Focuses on quality throughout the production process. Flexible product designs can be modified to accommodate customer choices. Every manager and employee constantly looks for ways to improve company operations. Reports on financial, social, and environmental performance. Inventory is acquired or produced only as needed.Just-in-time manufacturing 2. Continuous improvements 3. Customer orientation 4. Total quality management 5. Triple bottom line

Answers

Answer:

Selection of Concept with its Best Description:

Concept                                      Best Description

4. Total quality management    Focuses on quality throughout the

                                                   production process

3. Customer orientation            Flexible product designs can be modified                            

                                                   to accommodate customer choices.

2. Continuous improvements   Every manager and employee constantly

                                                   looks for ways to improve company

                                                   operations.

5. Triple bottom line                  Reports on financial, social, and                                    

                                                   environmental performance.

1. Just-in-time manufacturing    Inventory is acquired or produced only

                                                   as needed.

Explanation:

1. Just-in-time manufacturing reduces manufacturing flow times and suppliers' and customers' response times.  The purpose is to reduce waste and continuously improve operations.

2. Continuous improvement is a business approach that focuses on incremental or breakthrough improvement of processes, services, or products.

3. Customer orientation: An organization that has customer orientation focuses on the customer first and tries to satisfy the customer before meeting its own needs.

4. Total quality management: This is a management strategy whereby all members of the organization improve customer services, processes, products, and organizational culture in order to achieve long-term success.

5. Triple bottom line (TBL): To create greater business value, some organizations adopt the TBL performance evaluation framework, with a focus on social, environmental (or ecological) and financial performance.

- Nhà xuất khẩu ở thành phố Hải Phòng
- Công ty mua hàng ở HongKong
- Địa điểm đưa hàng đến là thành phố Dallas, Mỹ.
Hãy lựa chọn điều kiện thương mại Incoterms 2020 thích hợp cho các trường hợp sau:
a) Hàng hóa xuất khẩu là cà phê 10.000 tấn. Sau khi làm thủ tục xuất khẩu, người bán
thuê phương tiện vận tải, trả cước phí vận tải, mua bảo hiểm cho hàng hóa. Địa điểm
chuyển giao rủi ro về hàng hóa từ người bán sang người mua sau khi hàng được giao
lên phương tiện vận tải ở nước xuất khẩu (TP. Hải Phòng).

Answers

Sorry I don’t know this language

What would you estimate as to the cost of equity if a stock sells for $40, pays a $4.25 dividend, and is expected to grow at a constant rate of 5%

Answers

Answer:

15.63%

Explanation:

Calculation to determine cost of equity

Using this formula

P = D/(r-g)

Where,

P=40

D=4.25

g=0.05

r=?

Let plug in the formula

Cost of equity=40 = 4.25/(r-0.05)

Cost of equity=r = (4.25/40)+0.05

Cost of equity=r =0.1063+0.05

Cost of equity=r =0.1563*100

Cost of equity = 15.63%

Therefore cost of equity is 15.63%

Gabriele Enterprises has bonds on the market making annual payments, with twelve years to maturity, a par value of $1,000, and selling for $960. At this price, the bonds yield 6.5 percent. What must the coupon rate be on the bonds

Answers

Answer: 6.01%

Explanation:

To solve this question, we.will use the financial calculator. Based on the information given, then we will have:

FV = Future Value = $1,000.00

PV = Present Value = -$960.00

Bonds yield = 6.50

N = Number of years = 12

Therefore, CPT > PMT = Payment will be = $60.0973

Then, Coupon rate will be:

= Payment / Face Value

= 60.0973 / 1000

= 6.01%

During June, the company purchased 160,000 pounds of direct material at a total cost of $1,056,000. The company manufactured 20,000 units of product during June using 120,800 pounds of direct materials. The price variance for the direct materials acquired by the company during June is: (Do not round intermediate calculations.)

Answers

Answer:

Results are below.

Explanation:

We were not provided with the standard cost per pound of direct material. I will assume a cost of $7 per pound.

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (7 - 6.6)*160,000

Direct material price variance= $64,000 favorable

Actual price= 1,056,000 / 160,000= $6.6

Teshoka Corporation makes computer chips. Teshoka Corporation would be classified as a: a. Manufacturing company b. Merchandising company c. Simple company d. Service company

Answers

Answer:

a. Manufacturing company

Explanation:

Manufacturing companies are ones that specialise in making finished goods from raw materials and various components.

Production is usually done on a large scale and finished products are either sold to the final consumer or to other manufacturers who can make more complex products.

So Teshoka Corporation who make computer chips can be classified as a manufacturing company.

You decide to make quality improvements in order to build brand esteem. brian's the site manager is in charge of general operations and employee management, first suggestion for achieving this goal is to fill upcoming staff openings with vet tech; they will cost at least 10% more than current caregivers, but would add strong, tangible evidence of quality. they could wear special name tags to inform customers that they are canine health care professionals.
Another option is to introduce one or more high quality, tangible new products. this approach is riskier beacuse it involves a large upfront investment in inventory and because you have limited experience in retail marketing. but a product development or product diversification strategy would have potential to boost revenues while reinforcing both brand esteem and brand recognition.
how should caninecare ehance its percieved quality?

Answers

Answer:

Canine Healthcare Company

The combination of the two approaches will skyrocket Canine's brand image more than a single strategy.  However, the employment of the vet technicians seems like a logical short-term measure.  It must be improved by a long-term approach, which involves a high-quality product development or diversification strategy.

Explanation:

The introduction of a high-quality, tangible new product is one strategy for improving the brand esteem in the eyes of customers.  Product development or diversification strategy enhances brand image, reinforces brand esteem, and increases brand awareness and recognition.  Increasing the number of vet technicians employed by Canine Healthcare is another strategy to show tangible evidence of enhanced brand image and quality.

How does PESTLE help your strategic development team?

Answers

PESTLE helps in identification of business risks and threats an organization might face in the process of achieving the organizational goals.

What is PESTLE?

PESTLE is a method of analysis in strategic management where there is focus on identifying the risks to the business even before the implementation of the activities.

Hence, the significance of PESTLE is aforementioned.

Learn more about PESTLE here:

https://brainly.com/question/14305249

#SPJ2

Use the information for Geiberger Corporation from BE21.12, except assume the collectibility of the rentals is not probable. Prepare any journal entries for Geiberger on December 31, 2019.
In BE21.12
Geiberger Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $120,000 to manufacture. The lease agreement covers the 5-year useful life of the drone and requires five equal annual rentals of $40,800 payable each December 31, beginning December 31, 2019. An interest rate of 8% is implicit in the lease agreement. Collectibility of the rentals is probable. Prepare Geiberger’s December 31, 2019, journal entries.

Answers

Answer:

Date                Account title                                      Debit                Credit

12/31/2019      Lease Receivable                           $175,934

                      Cost of Goods sold                         $120,000

                      Sales Revenue                                                        $175,934

                      Inventory                                                                  $120,000

Date                Account title                                      Debit                Credit

12/31/2019      Cash                                                 $40,800

                       Deposit Liability                                                        $40,800

The rental amount is constant and is made on the first day of the lease period so this is an annuity due.

As the collectability is probable, you need to find the present value of this lease:

= 40,800 * Present value of annuity due factor, 5 year, 8%

= 40,800 * 4.3121

= $175,933.68

= $175,934

The following describes production activities of Mercer Manufacturing for the year.
Actual direct materials used 18,000 lbs. at $4.15 per lb.
Actual direct labor used 5,555 hours for a total of $106,656
Actual units produced 30,060
Budgeted standards for each unit produced are 0.50 pound of direct material at $4.10 per pound and 10 minutes of direct labor at $20.20 per hour.
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.)
(2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

Answers

Answer:

See below

Explanation:

1

Direct material price variance

= (Standard price - Actual price) × Actual quantity

= ($4.10 - $4.15) × 18,000

= -$0.05 × 18,000

= $900 Unfavorable

Direct material quantity variance

= (Standard quantity - Actual quantity) × Standard price

= (30,060 × 0.50 - 18,000) × $4.10

= (15,030 - 18,000) × $4.10

= -2,970 × $4.10

= 12,177 Unfavorable

2.

Direct labor rate variance

= (Standard rate - Actual rate) × Actual quantity

= ($20.2 - $106,656/5,555 hours) × 18,000

= ($20.2 - $19.2) × 5,555

= $1 × 5,555

= $5,555 Favourable

Direct labor efficiency variance

= (Standard quantity - Actual quantity) × Standard rate

= (10/60 × 30,060 - 5,555) × $20.2

= (5,010 - 5,555) × $20.2

= -545 × $20.2

= $11,009 Unfavourable

You are the owner of a local organic food market in an urban area at the crossroads of four farming communities that supply fresh, organic foods. As the owner of the market, you are interested in growing the business. Customers in the area have been asking local vendors for more organic and locally sourced fresh food options. You decide to create a catering service for clients within 25 miles of the market to celebrate the market’s 10-year anniversary. You plan to start this catering business in 30 days to address the increasing market need for organic, fresh catering. Catering orders will be prepared and packaged at the organic food market and then driven to the customer’s location. Lunch orders will be delivered within 60 minutes of receiving the order. Special event catering orders will require one week to fulfill the order. The catering company has one van that will be used exclusively for catering services.
You have identified the following goals for this catering business:
• The catering business will need to be able to sell the same quality, organic foods that are sold in-store and supplied daily.
• The catering customers can be no farther than 25 miles from the store so that food can be delivered within an hour.
• The catering business should be profitable within one year.
• The cost of developing the catering business should not negatively impact the in-store retail operations budget, staffing, events, and farmer partnerships.

You plan to launch the catering business by providing a free catered lunch to the first 10 businesses that subscribe to the weekly lunch catering services. The catered lunch for each business will be for up to 30 people and will be held at a local conference center ballroom at noon on a day of the customer’s choosing. The budget for this launch of 10 catered lunches is $7,000. Two weeks before the launch, you are working with catering staff to calculate the costs of the launch to date, review tasks that need to be completed, and assess the overall impact of catering on in-store retail operations. You learn that the costs associated with the launch of the free catered lunches have already exceeded $7,700. Additionally, a local farmer that provides the fresh lettuce for lunch salads notifies you that the lettuce will not be available in time for the catered lunch. No other local farmers have lettuce available for purchase, and the only option is to use nonorganic lettuce in order to keep the menu as communicated to the 10 businesses subscribing to the weekly lunch catering services. A financial company representative wants to inquire about possibly financing your company for this project. The representative sends a request for information to you as listed in the requirements for this task.

Task 1: Project Management

A. Discuss how you would plan the catered lunch project by completing each of the following 5 distinct project management phases:

1. Project Initiation
a. (A1A) Describe the project and the need for the project. Include information from the provided scenario for support.

b. (A1B) Identify three relevant stakeholders and discuss how the project impacts each stakeholder.

c. (A1C) Discuss whether the project is feasible by addressing each of the three triple constraint components: scope, cost, and timeline.

2. Project Planning
a. (A2A) List three milestones for the project plan and provide a timeline for each milestone.

b. (A2B) Write a SMART goal for the project.

c. (A2C) Identify two different potential risks to this project’s success and describe how each risk could be managed.

3. Project Execution
a. (A3A) Discuss a way to address being over budget by 10 percent. Include information from the provided scenario for support.

b. (A3B) Discuss a way to address a scheduling conflict that could affect the timeline of the project. Include information from the provided scenario for support.

4. Project Monitoring and Control
a. (A4A). Discuss how scheduling conflicts and budget constraints could affect the scope of the project. Include information from the provided scenario for support.

5. Project Closure
a. (A5A) Discuss two ways to change how the project was planned, considering the timeline and budget conflicts that were encountered.

Answers

It’s too long explained

On June 8, Williams Company issued an $82,039, 7%, 120-day note payable to Brown Industries. Assuming a 360-day year for your calculations, what is the maturity value of the note

Answers

Answer:

$83,953

Explanation:

Calculation to determine the maturity value of the note

Maturity value=$82,039+($82,039*0.07*120/360)

Maturity value=$82,039+$1,914

Maturity value=$83,953

Therefore the maturity value of the note is $83,953

___________ are issued by administrative agencies to interpret and implement statutes enacted by a legislature

Answers

Answer:

"Regulations" is the correct answer.

Explanation:

Statutes of something like the legislative process shall be implemented or approved. Nevertheless, the statutes of elected officials or federal departments are generally understood as well as properly executed.Although most laws regulating conduct are adopted. Public administrators usually provide rules concerning the applicability as well as enforcement of statutory provisions.

Beck Manufacturing reports the information below for 2017. Raw Materials Inventory Begin. Inv.12,900 Purchases48,000 Avail. for use60,900 DM used48,500 End. Inv.12,400 Work in Process Inventory Begin. Inv.17,400 DM used48,500 Direct labor30,700 Overhead63,000 Avail. for mfg.159,600 Cost of goods mfg145,200 End. Inv.14,400 Finished Goods Inventory Begin. Inv.16,600 Cost of goods mfg145,200 Avail. for sale161,800 Cost of Goods Sold143,200 End. Inv.18,600 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

Answers

Answer:

Beck Manufacturing

1. Schedule of Cost of Goods Manufactured for the Year:

Inventory of Work in Process       $17,400

Direct materials used                    48,500

Direct labor                                    30,700

Overhead                                      63,000

Cost of production                   $159,600

Less Ending Inventory of WIP      14,400

Cost of Manufactured Goods $145,200

2. Cost of goods sold for the year

Beginning inventory of finished goods   $16,600

Cost of manufactured goods                  145,200

Cost of goods available for sale            $161,800

Less Ending inventory of finished goods 18,600

Cost of Goods Sold                               $143,200

Explanation:

a) Data and Calculations:

Raw Materials Inventory Begin. Inv. 12,900

Purchases                                         48,000

Avail. for use                                    60,900

DM used                                          48,500

End. Inv.                                            12,400

Work in Process Inventory

Begin. Inv.                                        17,400

DM used                                         48,500

Direct labor                                    30,700

Overhead                                      63,000

Avail. for mfg.                              159,600

Cost of goods mfg                     145,200

End. Inv.                                        14,400

Finished Goods Inventory

Begin. Inv.                                   16,600

Cost of goods mfg                   145,200

Avail. for sale                            161,800

Cost of Goods Sold                 143,200

End. Inv.                                     18,600

why is rent seeking bad for the economy?​

Answers

Answer:

Explanation:

Rent seeking harms economic growth by reducing competition and innovation. It leads to the wasteful use of valuable resources and talents in unproductive activities and invariably redistributes resources from large unorganised populations to small organised groups.

Treasury Bonds are generally considered safer than Corporate bonds. Yet both types of fixed income instruments are subject to some sources of risk. Which sources of risk typically affect the price of domestic Corporate Bonds more than Treasury Bonds.

Answers

Answer: Liquidity risk and Default risk.

Explanation:

The sources of risk that affect the price of domestic Corporate Bonds more than Treasury Bonds are the liquidity risk and the default risk.

Treasury bonds are referred to as the government debt securities that typically have more than 20 years of maturity and earn periodic interest until they mature. Corporate bond is the bond that is issued by a corporation.

Corporate bonds typically offer list risk which is why they pay high yields this they've more default risk than the treasury bonds.

Compared to bonds with longer maturity, bonds with shorter maturity respond _______ dramatically to changes in interest rates.

Answers

Answer:

less.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

A yield to maturity can be defined as the bond's total rate of return required by the secondary market.

For instance, when a bond is issued at a par or face value of £1,000, at maturity the investor would be paid £1,000. However, because bonds are being sold before maturity, it would trade below its face value.

Generally, most bonds with shorter maturity time respond less dramatically to changes in interest rates when compared to bonds having longer maturity. Thus, the risk associated with short bonds isn't really significant because their interest rates are less likely to change substantially within that short period of time unlike bonds with longer maturity.

The ________ of a firm is the amount of time required for a company to convert cash invested in its operations to cash received as a result of its operations. Group of answer choices

Answers

Answer:

The cash conversion cycle of a firm is the amount of time required for a company to convert cash invested in its operations to cash received as a result of its operations.

Kent Fuller is in the 34 percent tax bracket. A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent value of:____.
a. $345.
b. $1,523.
c. $1,948.
d. $1,155.
e. 1,500.

Answers

Answer:

$3,484.85

Explanation:

Calculation to determine tax-equivalent value

Using this formula

Tax-equivalent value=Nont-taxable amount/(1-Tax rate)

Let plug in the formula

Tax-equivalent value=$2,300/(1-.34)

Tax-equivalent value=$2,300/.66

Tax-equivalent value=$3,484.85

Therefore A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent value of:$3,484.85

Amy and Ethan are married and file a joint return for 2020. Their taxable income is $192,100. The amount of their tax liability, rounded to the nearest dollar, is $ .

Answers

Answer:

$34,264

Explanation:

Given :

Taxable income = $192,100

The 2020 federal tax bracket for 2020 is given thus for married and filing jointly for return :

If taxable income falls within the bracket : ($171,051 to $326,600)

$29,211 plus 24% of the amount over $171,050

Hence, this applies to Ethan and Amy's taxable income of $192,100 ;

There taxable income is :

$29,211 + 24% of $(192,100 - 171,050)

$29,211 + (0.24 * $21,050)

$29,211 + $5,052

= $34,264

Which of the following is a legal way for companies to avoid paying overtime
wages to their hourly workers?

A. Refuse to report their actual wages to the Department of Labor

B. Limit their working week to 40 hours

C. Ask employees to work less every other week

D. Avoid counting extra hours at the end of each week

Answers

Answer:

B limit their work week to 40 hours.

Explanation:

You can limit their hours but you can’t ask employees to not report wages they worked.

Janetta Corp. has an EBIT of $1,010,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 15 percent, and the corporate tax rate is 35 percent. The company also has a perpetual bond issue outstanding with a market value of $1.99 million.

Required:
What is the value of the company?

Answers

Answer:

$5,073,166.67

Explanation:

Calculation to determine the value of the company

Using this formula

VL= [EBIT(1 − TC) / R0] + TCB

Let plug in the formula

VL= [$1,010,000(1 − .35) / .15] + .35($1,990,000)

VL=[$1,010,000(0.65)/.15]+696,500

VL=($656,500/.15)+$696,500

VL=$4,376,666.67+$696,500

VL= $5,073,166.67

Therefore the value of the company is $5,073,166.67

Based on the following data for the current year, what is the inventory turnover? Sales on account during year $700,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 a.2.7 b.2.5 c.3.0 d.9.7

Answers

Answer:

a. 2.7

Explanation:

Inventory turnover ratio = Cost of goods sold / Average inventory

Inventory turnover ratio = $270,000 / (($90,000 + $110,000) / 2)

Inventory turnover ratio = $270,000 / $100,000

Inventory turnover ratio = 2.7

Yoo need help ? Can anyone help me or lead me to where I can get good micro help

Answers

Answer:

Check the difference between each two / each pair if buyer and seller.

(note that the surplus could be split between them, making it effectively a win-win-scenario. but it could also be extremely good for one of them, yet just at the limit for the other one)

a) $11

b) $8

c) $6

d) add every max. buying price up ($64) and do the same with all the minimum selling prices ($33)

the difference between these two is your answer: $31

Prepare journal entries to record the following transactions for the village of Radnor. Classify the expenditures as Parks supplies.

a. Placed purchase order 960 for supplies in the amount of $8,000 and purchase order 961 for supplies in the amount of $6,000. The purchase orders allowed the suppliers to ship and bill for additional quantities, up to 5 percent of the order.
b. Received the supplies ordered on purchase order 960, together with an invoice for $8,300. The supplies, including the additional quantities, were accepted, and a voucher was prepared for $8,300.
c. Received all the supplies ordered on purchase order 961, together with an invoice for $5,800. The supplier said that production costs were less than anticipated, and it was passing the lower cost on to Radnor. A voucher for $5,800 was prepared.
d. The voucher for $8,300 was paid.

Answers

Answer:

A. Dr Encumbrances $14,000

Cr Budgetary fund balance $14,000

B. Dr Budgetary fund balance $8,000

Cr Reserved for encumbrances Encumbrances $8,000

Dr Expenditures – Park supplies $8,300

Cr Voucher payable $8,300

C. Dr Budgetary fund balancereserved for encumbrance $6,000

Cr Encumbrances $6,000

Dr Expenditures – Parks supplies $5,800

Cr Vouchers – payable $5,800

D. Dr Voucher payable $8,300

Cr Cash $8,300

Explanation:

Preparation of Journal entries

A. Dr Encumbrances $14,000

Cr Budgetary fund balance $14,000

($8,000+$6,000)

B. Dr Budgetary fund balance $8,000

Cr Reserved for encumbrances Encumbrances $8,000

Dr Expenditures – Park supplies $8,300

Cr Voucher payable $8,300

C. Dr Budgetary fund balancereserved for encumbrance $6,000

Cr Encumbrances $6,000

($14,000-$8,000)

Dr Expenditures – Parks supplies $5,800

Cr Vouchers – payable $5,800

D. Dr Voucher payable $8,300

Cr Cash $8,300

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