Harmon School District accounts for all activities in its General Fund. The school district receives the following grants: 1. Grant A: Harmon seeks to be reimbursed by the state for costs incurred in teaching students with disabilities. To receive reimbursement, the district must submit quarterly reports showing its expenditures, which it has done. Its expenditures for the quarter September through November 2019 were $450,000. Prepare separate journal entries to record its expenditures under the grant and its billing to the state. 2. Grant B: Harmon receives a grant in the amount of $100,000 from the federal government for the sole purpose of teaching students with disabilities. The grant contains no time limits and may be used any time after the school district receives the grant. Prepare three separate journal entries to record receipt of the $100,000 grant, expenditure of $65,000 on the grant during school year 2019, and year-end classification of fund balance.
Answers: 3
Business, 22.06.2019 17:50, adamflex
Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.
Answers: 3
Business, 22.06.2019 21:20, haileymaree
1. what are the unique operational challenges to delivering fresh meals? 2. why is speed of delivery so important for delivered meals? what variety of options contribute to this performance metric? 3. how could operations management concepts be utilized to improve the performance of freshly? 4. what are your typical product delivery times? what would be required to speed these up? 5. what are your delivery batch quantities? how could you reduce batch size and reduce delivery cost simultaneously using operations management concepts?
Answers: 2
Business, 23.06.2019 17:20, alexusray
Spartan systems reported total sales of $500,000, at a price of $20 and per unit variable expenses of $13, for the sales of their single product. total per unit sales $500,000 $20 variable expenses 325,000 13 contribution margin 175,000 $7 fixed expenses 120,000 net operating income $55,000 what is the amount of contribution margin if sales volume increases by 30%?
Answers: 1
Harmon School District accounts for all activities in its General Fund. The school district receives...
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