What effect would outstanding purchase orders have on the fund balance of a Special Revenue Fund?
a. Reserved fund balance would include the value of the outstanding purchase orders.
b. Designated fund balance would include the value of the outstanding purchase orders.
c. Unreserved fund balance would include the value of the outstanding purchase orders.
d. Outstanding purchase orders have no effect on how fund balance is reported.
A
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Disclosure of existing brokerage relationships is required no later than the time a Contract to Buy and Sell is formed.
a. true b. false
Which one of the following statements about break-even analysis, as we applied it to evaluating products or services, is BEST?
A) Break-even analysis assumes that the cost function is linear and consists of fixed costs plus variable costs times volume. B) The break-even quantity will increase when the change in variable cost per unit is identical to the change in unit price. C) Increasing the price, while keeping the variable cost per unit constant, increases the break-even quantity. D) Increasing the fixed costs tends to decrease the break-even quantity.