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- Would a $1,000 expenditure be considered material to allbusinesses? Explain.2. Describe in 1-2 sentences One of the Covid Relief acts that was passed in 2020/2021 and how it helped our economy.Ch3 3 Budgetary accounts used in the General Fund include Estimated Revenues, Estimated Other Financing Sources, Appropriations, Estimated Other Financing Uses, and Encumbrances. True or False 4. An encumbrance represents the estimated future liability for goods or services resulting from placing a purchase order or signing a contract. True or False
- Question 2 Complete the Contingency Budget for the table below If risk C and F actually occurred, you would be able to tap the contingency budget for relief? Should you focus on risk F and why?Question (max 5 sentences): Why is the capital budgeting decision important?Q9) Monetary policy is ✅a)the management of the money supply and interest rates. b) involves decisions about government spending and taxation. c)the excess of expenditures over revenues for a particular year d) is the excess of revenues over expenditures for a particular year
- Q10) Capital budgeting involves ____________ decisions in purchasing ____________ assets. Group of answer choices a) investment; current b) investment; fixed c) financing; current d) financing; fixed2. Capital Budgeting. (Essay) a. Briefly define what is Capital Budgeting, b. Provide a summary on the needs and importance of Capital Budgeting.A county will invest $3,600,000 to clean up a chemical spill that occurred following a natural disaster. At the end of the 9-year planning horizon, an additional $900,000 will be spent in restoring the site to an environmentally acceptable condition. The investment is expected to produce net annual benefits that will decrease by 25% each year. The net annual public benefit in the 1st year is estimated to be $2,400,000. Determine the B/C ratio for the investment using a 5% MARR. Click here to access the TVM Factor Table calculator. | B/C= Carry all interim calculations to 5 decimal places and then round your final answer to 3 decimal places. The tolerance is ±0.003.
- Please provide as much detail as possible. It must be a detailed explanation for each. What are some of the tax-factor benefits of capital budgeting? a) annual depreciation... how and why is it a benefit? b) interest on loans...why? c) investment tax credits...why?Ch3 7. Which of the following would always be classified as a general revenue? Multiple Choice Grant proceeds. Special assessment charges for snow removal. Library fines. Fuel taxes earmarked for maintenance of roads and bridges. 8. According to GASB standards, which of the following is not classified as a budgetary account? Multiple Choice Encumbrances. Encumbrances Outstanding. Estimated Revenues. Appropriations.Ch3 9. The Encumbrances account is properly termed a Multiple Choice Long-term liability. Reservation of unassigned fund balance. Budgetary account. Current liability if paid within a year; otherwise, long-term debt. 10. When computers are ordered by the mayor's office, the purchase order should be recorded in the General Fund as a debit to: Multiple Choice Encumbrances. Equipment. Expenditures. Appropriations.