The City of Bagranoff holds $90,000 in cash that will be applied to make a bond payment when the debt comes due early next year. The assistant treasurer initially made the decision to set this money aside for this purpose. Just before the end of the current year, the city council formally approved using the money in this way. The city council is the highest level of decision-making authority for this government. What impact does the council’s action have on the reporting of fund financial statements?
a. Fund balance—unassigned goes down and fund balance—restricted goes up.
b. Fund balance—assigned goes down and fund balance—committed goes up.
c. Fund balance—unassigned goes down and fund balance—assigned goes up.
d. Fund balance—assigned goes down and fund balance—restricted goes up.

John has a balance of $3000 on his Discover card that charges 1% interest per month on any unpaid balance. John can afford to pay$100 toward the balance each month. His balance each month after making a $100 payment is given by the recursively defined sequence$B_{0}=$3000, \quad B_{n}=1.01 B_{n-1}-100$. Using a graphing utility, determine when John will pay off the balance. What is the total of all the payments?

To use a double-pan balance, you put the object to be weighed on one side and then put known weights on the other side until the pans balance.

a. Explain why it is useful to have the balance point halfway between the two pans. b. Suppose the balance point is off-center, 15 cm from one pan and 20 cm from the other. An object is placed in the pan that is closer to the center. The pans balance when 7 kg is placed in the other pan. What is the weight of the unknown object?

Illustrate the given equation, $45=x+18$, with a balance-scale model. The number $45$ is on the left side of the balance scale. The unknown number is on the right side of the balance scale added to $18$.

Select the operation that will isolate the variable, and write that operation on your paper.

The first step in balancing a checkbook is a. subtracting fees on the bank statement from the checkbook balance. b. comparing checks in the check record with those on the statement. c. adding interest earned to the checkbook balance. d. adding recent deposits to the bank statement balance.

Ruth Schuler.
Previous balance: $74,561.49.
Interest:$1017.98.
Deposits: $918.37 and$944.56.
Withdrawals: $959.40 and$14,391.47.
What is her new balance?

Refer to the T-accounts in the previous exercise. Compute ending balances and prepare Belle Company's balance sheet. Assume the balance sheet is dated December 31, 2010. (Hint: The December 31, 2010, D. Belle, Capital account balance is $29.280.)

Justin earned $25.67 one week and$37.85 the next week. He also purchased a DVD for $19.99 and gas for his car for$22.07. He started with a zero balance in his checking account. Justin recorded all of these transactions in his checkbook and ended up with a balance of $ 105.58. Was his balance correct? If it was, write an equation to support the answer. If not, find the correct balance.

As of January 1, Retained Earnings had a credit balance of $314,000. During the year, dividends totaled$10,000, and the business incurred a net loss of $320,000.

b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain

Solve this problem George found that his checkbook balance was $-\$ 23.75$, so he deposited $\$ 50.00$. How does he balance now?

If the Bonds Payable account has a balance of $900,000 and the Discount on Bonds Payable account has a balance of$120,000, what is the carrying value of the bonds?

Explain normal balances. Give three examples of accounts that will normally have a debit balance and three accounts that will normally have a credit balance.

Use the given process data to construct a control chart for p. Use the three out-of-control criteria listed in the mentioned section and determine whether the process is within statistical control. If it is not, identify which of the three out-of-control criteria apply.

In each of 15 recent and consecutive years, 1000 high school completers were randomly selected and the number who enrolled in college was determined, with the results listed below. Does the p-chart indicate that such college enrollments are high enough?

$$\begin{array}{lllllllllllllll}601 & 625 & 619 & 626 & 619 & 619 & 650 & 670 & 656 & 629 & 633 & 618 & 652 & 639 & 667\end{array}$$

Find the balance in the account.

You deposit $520 in an account with 4% interest compounded monthly. What is the balance in the account after 5 years?